US lawmakers arrive in Taiwan as tensions flare in China

US lawmakers arrive in Taiwan as tensions flare in China

TAIPEI/WASHINGTON, Aug. 14 (Reuters) – A delegation of US lawmakers arrived in Taiwan on Sunday for a two-day trip during which they will meet President Tsai Ing-wen, the second high-level group to visit amid military tensions between the self-governed island and China. Beijing, which claims that Taiwan is democratically governed as its own territory, has … Read more

Five Chinese state-owned companies to be removed from NYSE

Five Chinese state-owned companies to be removed from NYSE

SHANGHAI/HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies, including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist the New York stock exchange amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more

Latvia, Estonia withdraw from the Chinese cooperation group

Latvia, Estonia withdraw from the Chinese cooperation group

The Chinese national flag is on display in Beijing, China, April 29, 2020. REUTERS/Thomas Peter/File Photo Register now for FREE unlimited access to Reuters.com Register VILNIUS, Aug. 11 (Reuters) – Latvia and Estonia on Thursday withdrew from a cooperation group between China and more than a dozen central and eastern European countries, following in the … Read more

SoftBank’s Alibaba sale could end the taboo on breakup

SoftBank’s Alibaba sale could end the taboo on breakup

Japanese SoftBank Group Corp chief executive Masayoshi Son attends a press conference in Tokyo, Japan, Nov. 5, 2018. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON, Aug. 10 (Reuters Breakingviews) – Masayoshi Son thinks about the unthinkable at SoftBank Group (9984.T). Its $63 billion technology and telecom empire will reduce its … Read more

North Korea declares victory over COVID, leader Kim suggests had it

North Korea declares victory over COVID, leader Kim suggests had it

North Korean leader Kim Jong Un speaks at a Workers’ Party politburo meeting about the response to the coronavirus (COVID-19) outbreak in this undated photo released on May 21, 2022 by the Korean Central News Agency (KCNA) of North Korea. KCNA via REUTERS Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug. 11 … Read more

South Korea and China clash over US missile defense system, making mediation difficult

South Korea and China clash over US missile defense system, making mediation difficult

A Terminal High Altitude Area Defense (THAAD) interceptor is seen in Seongju, South Korea, June 13, 2017. Photo taken June 13, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug. 11 (Reuters) – China and South Korea clashed on Thursday over a US missile defense shield, undermining efforts by the … Read more

Stocks rise, dollar falls due to declining inflation

Stocks rise, dollar falls due to declining inflation

Wall Street rally with Nasdaq leading gains CPI remained stable in July, after rising 1.3% in June In 12 months to July, CPI rose 8.5% versus 9.1% in June NEW YORK, Aug. 10 (Reuters) – Shares of Wall Street rose and the dollar plummeted after signs of sharply declining US inflation prompted bets that the … Read more

China’s factory inflation hits 17-month low, consumer prices rise

China’s factory inflation hits 17-month low, consumer prices rise

A worker walks past steel coils at the Chongqing Iron and Steel plant in Changshou, Chongqing, China, 6 August 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com Register Producer inflation in July at lowest level since February 2021 July consumer inflation at 2-year high PBOC remains accommodative to drive growth BEIJING, … Read more

Tesla’s Sales of China-Made Vehicles Drop in July Due to Factory Line Upgrades

Tesla’s Sales of China-Made Vehicles Drop in July Due to Factory Line Upgrades

Tesla’s model 3 vehicles, made in China, are seen during a delivery event at the factory in Shanghai, China, Jan. 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug. 9 (Reuters) – Tesla (TSLA.O) sold 28,217 Chinese-made cars in July, nearly two-thirds less than a month earlier, as … Read more

Cryptoverse: Blockchain bridges are falling into murky water

Cryptoverse: Blockchain bridges are falling into murky water

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into the water in this illustration, taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register August 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad … Read more