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May 24, 2022

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Quad countries, including India, shared Ukraine concerns, Japan’s Kishida says

Reuters
TOKYO, May 24 (Reuters) – Leaders of the Quad grouping of countries, including India’s Narendra Modi, shared concerns over the situation in Ukraine at their meeting in Tokyo, Japanese Prime Minister Fumio Kishida said on Tuesday. “The four leaders had candid discussion on the impact of the Ukraine situation on......

India says ‘substantive outcomes’ from Biden, Modi talks

Reuters
TOKYO/NEW DELHI, May 24 (Reuters) – Indian Prime Minister Narendra Modi and U.S. President Joe Biden reached “substantive outcomes” on Tuesday in talks to strengthen their trade and defence ties, India said, though Modi refrained from condemning Russia for its invasion of Ukraine. The leaders were in Tokyo for a......

Column: LNG momentum swinging back to Asia as Europe demand eases: Russell

Reuters
A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina’s receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS/Chen Aizhu/File Photo/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, May 24 (Reuters) – The merry-go-round of liquefied natural gas (LNG)......

Dollar bounces as Snapchat sours mood; Aussie, kiwi sink

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, May 24 (Reuters) – The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures......

Quad leaders vow free and open Indo-Pacific, action on climate

Reuters
TOKYO, May 24 (Reuters) – The four leaders of the “Quad” group of countries vowed on Tuesday to work together for a free and open Indo-Pacific region and to fight climate change, as they met for talks aimed at standing up to an increasingly assertive China. U.S. President Joe Biden,......

Asia stocks restrained as U.S. futures retreat

Reuters
Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei dips as U.S.......

EXCLUSIVE Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources

Reuters
The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register COLOMBO/LONDON, May 23 (Reuters) – Sri Lanka has hired heavyweight......

Biden hails ‘good friend’ Kishida, says U.S. fully committed to Japan’s defence

Reuters
TOKYO, May 23 (Reuters) – President Joe Biden assured his “good friend” Prime Minister Fumio Kishida of Japan on Monday that the United States is fully committed to Japan’s defence, amid simmering tension with China and the ramifications of Russia’s invasion of Ukraine. The cornerstone of Biden’s visit, which includes......

Asia stocks weighed by inflation concerns, China tech selling

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG,......

Australia swears in new Labor PM ahead of Quad meeting

Reuters
Anthony Albanese, leader of Australia’s Labor Party, addresses supporters after incumbent Prime Minister and Liberal Party leader Scott Morrison conceded defeat in the country’s general election, in Sydney, Australia May 21, 2022. REUTERS/Jaimi Joy Register now for FREE unlimited access to Reuters.com Register SYDNEY, May 23 (Reuters) – Australia’s Labor Party leader......

Swiss Re, UBS among founding buyers in carbon removal scheme

Reuters
LONDON, May 23 (Reuters) – Insurance firm Swiss Re (SRENH.S) and banking giant UBS (UBSG.S) are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions......

U.S., Japan, Australia, and India to launch tracking system to monitor illegal fishing by China, Financial Times reports

Reuters
Fishing boats with Chinese national flags are seen at a harbour in Tanmen, Hainan province, April 5, 2016. REUTERS/Megha Rajagopalan Register now for FREE unlimited access to Reuters.com Register May 21 (Reuters) – U.S., Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to......

Biden, South Korea’s Yoon vow to deter North Korea while offering COVID aid

Reuters
SEOUL, May 21 (Reuters) – President Joe Biden and his new South Korean counterpart agreed on Saturday to hold bigger military drills and deploy more U.S. weapons if necessary to deter North Korea, while offering to send COVID-19 vaccines and potentially meet Kim Jong Un. Biden and Yoon Suk-yeol said......

U.S., others walk out of APEC talks over Russia’s Ukraine invasion

Reuters
BANGKOK, May 21 (Reuters) – Representatives of the United States and several other nations walked out of an Asia-Pacific trade ministers meeting in Bangkok on Saturday to protest Russia’s invasion of Ukraine, officials said. The walkout was “an expression of disapproval at Russia’s illegal war of aggression in Ukraine and......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

Dollar selling takes a pause after bruising week

Reuters
U.S. hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 20 (Reuters) – The U.S. dollar recouped some of its losses against the euro on Friday, but remained set......

European shares rebound, China rate move helps sentiment

Reuters
LONDON, May 20 (Reuters) – Shares rebounded on Friday after China cut a key lending benchmark to support its economy, though a global equities gauge remained set for its longest weekly losing streak on record amid investor worries about slowing growth and high inflation. China cut its five-year loan prime......

IMF urges Asia to be mindful of spillover risks from tightening

Reuters
Global tide of tightening comes faster than expected -IMF Widening gap in interest rates behind yen weakness Echoes view on balance yen depreciation helps Japan TOKYO, May 20 (Reuters) – Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is......

Euro rises with focus on ECB tightening path, Swiss Franc rises

Reuters
Euro rises, focus on rate hike bets Dollar takes a breather after recent gains Swiss Franc at multi-week highs after SNB hawkish turn Graphic: World FX rates May 19 (Reuters) – The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the......

U.S. files third labor complaint in Mexico, on behalf of Panasonic workers

Reuters
MEXICO CITY, May 18 (Reuters) – U.S. labor officials asked Mexico on Wednesday to probe whether workers at a Panasonic (6752.T) auto parts factory were denied their rights, marking the third U.S. labor complaint under a new trade deal that aims to improve workplace conditions in Mexico. The request from......

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