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July 5, 2022

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Inflation at 24-yr high adds to strains in South Korea’s economy

Reuters
A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall......

S.Korea to lift nuclear power share of energy mix to 30% by 2030

Reuters
SEOUL, July 5 (Reuters) – South Korea plans to increase the contribution of nuclear power in the country’s power source mix to 30% or more by 2030 from 27.4% in 2021, the industry ministry said on Tuesday. South Korea’s new president, Yoon Suk-yeol, has rejected the idea of phasing out......

Heavy rain to hit parts of China in wake of Typhoon Chaba

Reuters
Pedestrians wade through floodwaters on a street amid heavy rainfall as Typhoon Chaba hits Sanya in Hainan province, China July 2, 2022. cnsphoto via REUTERS Register now for FREE unlimited access to Reuters.com Register BEIJING, July 4 (Reuters) – Heavy rain is expected to hit central and southern China over......

BTS rekindle debate about military service in South Korea

Reuters
SEOUL, July 4 (Reuters) – A surprise decision by South Korean boy band BTS to take a break from live shows has rekindled debate about mandatory military service in a country setting global pop-culture trends while facing a decades old Cold War threat. Military service is hugely contentious in South......

Rebound in oil prices gives world stocks a lift in holiday trade

Reuters
A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Oil steady after losing $1 a barrel in early trade Nikkei rises 0.84%, Chinese stocks up......

Indonesia sovereign wealth fund, China fund sign $3 bln investment deal

Reuters
JAKARTA, July 4 (Reuters) – Indonesia’s sovereign wealth fund and China’s Silk Road Fund have signed a framework agreement under which the Chinese fund aims to invest up to 20 billion yuan ($2.99 billion) in the Southeast Asian country, they said in a joint statement. The investment scope under the......

Several eastern Chinese areas in mass COVID testing to curb new waves of infections

Reuters
A worker in a protective suit disinfects following the coronavirus disease (COVID-19) outbreak, under a surveillance camera on street in Shanghai, China July 1, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 4 (Reuters) – Parts of eastern China are running fresh rounds of......

Dollar holds firm as growth fears stalk markets

Reuters
South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. $100 notes in this file photo illustration shot December 15, 2015. REUTERS/Kim Hong-Ji//Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 4 (Reuters) – The dollar kept trade-sensitive currencies pinned near multi-year lows on......

China cetral bank upgrades currency swap with HKMA, expands size to 800 billion yuan

Reuters
BEIJING, July 4 (Reuters) – China’s central bank said on Monday that it has upgraded a currency swap facility with Hong Kong to a standing swap agreement and expanded the size to 800 billion yuan ($119.40 billion) from 500 billion yuan. The agreement was signed by the People’s Bank of......

Chance of finding missing crew off Hong Kong ‘very slim’ after storm – authorities

Reuters
HONG KONG, July 3 (Reuters) – The chance of finding 27 crew members alive from a vessel that snapped in two as tropical storm Chaba passed through Hong Kong and southern China is “very slim”, government rescue authorities said on Sunday, as the search for those missing continued. On Saturday,......

Japan’s JERA says it shut down a 500 MW power plant due to fire

Reuters
A view of one of the machines as Japan’s biggest power generator JERA prepares for restart of some aged units while building new units at its Anegasaki gas-fired power station in Chiba, near Tokyo, Japan June 22, 2022. REUTERS/Yuka Obayashi Register now for FREE unlimited access to Reuters.com Register TOKYO,......

Germany has two more African swine fever case in farm pigs – ministry

Reuters
HAMBURG, July 3 (Reuters) – Two more case of African swine fever (ASF) have been confirmed in farm pigs in Germany, Germany’s federal agriculture ministry said. One was in the western state of Lower Saxony which was previously free of the disease and one in the eastern state of Brandenburg......

Softbank’s Fortress offers $1.5 bln to buy Japan’s Sogo & Seibu – Nikkei

Reuters
July 3 (Reuters) – Softbank-owned (9984.T) Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings (3382.T), Nikkei reported on Sunday, citing sources. Fortress has obtained the first refusal right in the acquisition of......

North Korea says U.S.-South Korea-Japan agreement materialises U.S. plan for ‘Asian NATO’

Reuters
A North Korean flag flutters at the North Korean embassy in Kuala Lumpur, Malaysia March 19, 2021. REUTERS/Lim Huey Teng/File Photo Register now for FREE unlimited access to Reuters.com Register SEOUL, July 3 (Reuters) – North Korea criticised the United States, South Korea and Japan’s recent agreement on strengthening military......

Tesla’s quarterly deliveries fall on China’s COVID shutdown

Reuters
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register July 2 (Reuters) – Tesla Inc (TSLA.O) delivered 17.9% fewer electric vehicles......

Second Russian scientist from Siberian city detained on treason charges, TASS reports

Reuters
MOSCOW, July 2 (Reuters) – Russia has detained a second scientist in the Siberian city of Novosibirsk on suspicion of state treason in the space of a few days, the TASS news agency reported on Saturday, citing a source close to the investigation. Anatoly Maslov, a chief scientist at an......

China lashed by year’s first typhoon, record rains forecast

Reuters
SHANGHAI, July 2 (Reuters) – China’s first typhoon of the year brought gales and rain to its southern shores on Saturday, as forecasters warned of record rainfall and high disaster risk in provinces including Guangdong, the country’s most populous. Typhoon Chaba, the Thai name for the hibiscus flower, was moving......

Boeing disappointed after China’s top three airlines buy 300 Airbus planes

Reuters
The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker// Register now for FREE unlimited access to Reuters.com Register July 1 (Reuters) – Boeing Co (BA.N) said on Friday “it is disappointing that......

Chinese state airlines to buy almost 300 Airbus jets

Reuters
The Airbus A320neo (New Engine Option) takes off during its first flight event in Colomiers near Toulouse, southwestern France, September 25, 2014. REUTERS/Regis Duvignau Register now for FREE unlimited access to Reuters.com Register BEIJING/SYDNEY, July 1 (Reuters) – China’s “Big Three” state airlines pledged on Friday to buy a total......

China takes fresh steps to open bond market to foreigners

Reuters
A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 1 (Reuters) – China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service......

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