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

Exclusive: Europe looks to Musk’s SpaceX to replace Russian rockets

Exclusive: Europe looks to Musk’s SpaceX to replace Russian rockets

PARIS, Aug. 12 (Reuters) – The European Space Agency (ESA) has entered preliminary technical talks with Elon Musk’s SpaceX that could lead to the temporary use of its launch vehicles after the conflict in Ukraine blocked Western access to Russian Soyuz missiles. The privately held US competitor to Europe’s Arianespace has emerged as a key … Read more

South Korea’s Yoon Pardons Samsung’s Jay Y. Lee to Fight ‘Economic Crisis’

South Korea’s Yoon Pardons Samsung’s Jay Y. Lee to Fight ‘Economic Crisis’

Samsung heir was jailed for 18 months for bribery Businessmen convicted in scandal that fell a president S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee grace – analysts SEOUL, Aug 12 (Reuters) – South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee on … 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

Like a Scene from ‘Parasite’: Floods Expose Social Inequality in South Korea

Like a Scene from ‘Parasite’: Floods Expose Social Inequality in South Korea

SEOUL, Aug. 10 (Reuters) – Using a plastic bowl, Ha In-sik extracted water from his downstairs home in the low-income Sillim neighborhood of southwestern Seoul on Wednesday. sleep in a nearby park. The 50-year-old man, along with his wife and daughter, had collected household appliances, furniture, books and even cutlery and put them outside to … Read more

Japanese PM wakes up cabinet as anger grows over Unification Church ties

Japanese PM wakes up cabinet as anger grows over Unification Church ties

Voter support plummets due to party’s ties to the church Shak-up comes earlier than analysts expected Church defends her right to participate in politics Kishida only chose ministers who “review” ties with the group TOKYO, Aug. 10 (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday reshuffled his cabinet as he fought growing public anger … Read more