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June 8, 2021

EASIA

Dollar shuffles higher, shares bask near peaks

Reuters
Markets were in their comfort zone on Tuesday, with world stocks hovering just off record highs, the dollar lifted by upcoming inflation data and the main volatility gauges all looking reassuringly calm. There was some pressure on sterling as the British government considered whether to delay removing most of its......

Hong Kong to test linking China’s digital yuan with domestic payments

Reuters
A sign indicating digital yuan, also referred to as e-CNY, is pictured at a shopping mall in Shanghai, China May 5, 2021. REUTERS/Aly Song Hong Kong is to test connecting China’s digital yuan with its domestic payments network, officials said on Tuesday, the second stage of trials of China’s digital......

Asia shares pare gains on caution, oil falls again

Reuters
Asia stocks reversed early gains on Tuesday, with traders sidelined ahead of U.S. inflation data and a European monetary policy meeting this week while oil prices lost more ground on worries over the fragile state of the global recovery. E-mini futures for the S&P 500 index were up 0.07%, while......

China’s Guangdong steps up COVID-19 testing as infections mount

Reuters
A medical worker collects a swab from a resident during a mass testing for the coronavirus disease (COVID-19) at a makeshift testing site at a stadium in Guangzhou, Guangdong province, China May 30, 2021. cnsphoto via REUTERS China’s southern Guangdong province, spooked by a rise in novel coronavirus infections since......

“America is back”: Brussels upbeat on eve of Biden’s Europe trip

Reuters
U.S. President Joe Biden delivers remarks on the May jobs report after U.S. employers boosted hiring amid the easing coronavirus disease (COVID-19) pandemic, at the Rehoboth Beach Convention Center in Rehoboth Beach, Delaware, U.S., June 4, 2021. REUTERS/Kevin Lamarque U.S. President Joe Biden’s trip to Europe this week will signal......

China’s Shenzhen dangles financial incentives to spur satellite sector

Reuters
The central business area that lit up during a light show is seen ahead of the 40th anniversary of China’s reform and opening up in Shenzhen, Guangdong province, China December 4, 2018. REUTERS/Thomas Suen China’s southern tech city of Shenzhen said on Monday it would offer up to 300 million......

Mongolia votes for new president amid COVID-19 campaign curbs

Reuters
People observing social distancing amid the coronavirus disease (COVID-19) pandemic attend a campaign rally of Sodnomzundui Erdene, presidential candidate of the Democratic Party, ahead of the presidential election, in Ulaanbaatar, Mongolia June 3, 2021. REUTERS/B. Rentsendorj Mongolia goes to the polls on Wednesday to choose its sixth democratically-elected president, with......

Biden’s to-do list on foreign trip: Rally allies against COVID, Putin

Reuters
President Joe Biden’s meeting with leaders of the G7 leading industrial economies in an English seaside village this week will usher in a new focus on rallying U.S. allies against common adversaries – the COVID-19 pandemic, Russia and China. New COVID-19 variants and rising death tolls in some countries will......

U.S. FDA approves Biogen Alzheimer’s drug

Reuters
U.S. regulators on Monday approved Biogen Inc’s (BIIB.O) aducanumab as the first treatment to address an underlying cause of Alzheimer’s disease despite controversy over mixed clinical trial results for the drug. Aducanumab aims to remove sticky deposits of a protein called amyloid beta from the brains of patients in earlier......

Pakistani train smashes into derailed carriages; 36 killed

Reuters
A train in Pakistan smashed into derailed carriages of another train on Monday, killing at least 36 people, government officials said, in the latest accident to highlight the perilous state of a more-than-165 year old railway system. The death toll was likely to rise as rescuers struggled to reach people......

Asia shares hesitate, China imports underpin resources

Reuters
Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers. Data out of Beijing showed China’s imports grew at their fastest pace in......

Taiwan to extend COVID-19 curbs, schools to stay shut

Reuters
Soldiers in protective suits disinfect a street following the recent surge of coronavirus disease (COVID-19) infections, in the Tucheng district of New Taipei City, Taiwan May 27, 2021. REUTERS/Ann Wang Taiwan will extend its COVID-19 restrictions for another two weeks until June 28 and schools will remain shut until the......

China’s imports grow at fastest pace in a decade

Reuters
China’s imports grew at their fastest pace in 10 years in May, fuelled by surging commodity prices, while export growth missed expectations, customs data showed on Monday. Exports in dollar terms grew 27.9% in May from a year earlier, slower than the 32.3% growth reported in April and missing analysts’......

Peruvians vote to elect president, divided by class, geography

Reuters
Peruvians began voting to pick a president on Sunday in an election that has bitterly divided them by class and geography, with urban and higher-income citizens preferring right-wing Keiko Fujimori while the rural poor support leftist political novice Pedro Castillo. Polls in the runoff election began to open at 7......

Hungarians protest against planned Chinese university campus

Reuters
Thousands of Hungarians, some of them holding banners declaring “Treason”, protested on Saturday against a Chinese university’s plans to open a campus in Budapest. Liberal opponents of nationalist Prime Minister Viktor Orban accuse him of cosying up to China, and fear the campus could undercut the quality of higher education......

Japan disposes of over 7,000 mishandled doses of COVID-19 vaccine -Yomiuri

Reuters
The word “COVID-19” is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration Over 7,000 doses of COVID-19 vaccine have been disposed of in Japan due to mishandling, the Yomiuri newspaper said on Sunday, as Japan races to inoculate its people amid......

In rare public outing, Trump denounces Fauci, China; dangles 2024 prospects

Reuters
Former President Donald Trump on Saturday sharply attacked U.S. infectious disease expert Anthony Fauci over his handling of the coronavirus pandemic, demanded reparations from China and denounced an investigation into his finances in a speech in North Carolina. Speaking in Greenville, North Carolina, at the state’s Republican Party convention, Trump......

UK’s Johnson calls on G7 to vaccinate world by end of 2022

Reuters
British Prime Minister Boris Johnson on Saturday called for leaders of the Group of Seven (G7) rich nations to make a commitment to vaccinate the entire world against COVID-19 by the end of 2022 when they meet in Britain next week. Johnson will host the first in-person summit in almost......

Venezuela to purchase and manufacture Russia’s EpiVacCorona vaccine

Reuters
A medical worker fills a syringe with a dose of the EpiVacCorona vaccine against the coronavirus disease (COVID-19), developed by the Vector Institute in Siberia, at a local clinic in Saint Petersburg, Russia April 12, 2021. REUTERS/Anton Vaganov Venezuela has reached a deal to purchase doses of Russia’s EpiVacCorona vaccine,......

Google says supports work to update international tax rules

Reuters
The Google logo is seen on on the company’s European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File Photo Google (GOOGL.O) said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of......

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