(Reuters) – European shares opened higher on Friday, with luxury stocks and miners leading the advance on hopes that China will soon ease its strict COVID-19 curbs. The STOXX 600 …
China
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Xi tells Scholz China, Germany should step up cooperation in turbulent times
by Reutersby ReutersBy Andreas Rinke and Eduardo Baptista BEIJING (Reuters) -Chinese President Xi Jinping on Friday touted the need for greater cooperation between China and Germany amid “times of change and turmoil” …
- US and World News
China says U.S. must ‘take responsibility’ for breakdown in climate ties
by Reutersby ReutersSHANGHAI (Reuters) – Climate change diplomacy between China and the United States cannot be separated from broader political tensions between the two sides, and Washington must take responsibility for the …
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Nepal’s Oli vows balanced ties with China, India if returned to power
by Reutersby ReutersBy Gopal Sharma KATHMANDU (Reuters) – Nepal’s main communist opposition party will balance the Himalayan nation’s ties with neighbours China and India for mutual benefit if it is returned to …
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Germany’s Scholz tests China ties with inaugural visit, to discuss Ukraine
by Reutersby ReutersBy Riham Alkousaa and Eduardo Baptista BERLIN (Reuters) – German Chancellor Olaf Scholz arrives in China on a one-day trip on Friday, becoming the first G7 leader to visit since …
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Exclusive-U.S. says China and Russia have leverage to stop North Korea nuclear test
by Reutersby ReutersBy Steve Holland and David Brunnstrom WASHINGTON (Reuters) – The United States believes China and Russia have leverage they can use to persuade North Korea not to resume nuclear bomb …
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HONG KONG (Reuters) – China will keep the yuan currency stable and increase flexibility of the yuan exchange rate, the central bank governor said on Thursday. Yi Gang, governor of …
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Brazil moves closer to China corn exports as Beijing approves traders
by Reutersby ReutersBy Dominique Patton and Ana Mano BEIJING/SAO PAULO (Reuters) -Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart …
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U.S. ‘strongly suggested’ there be no controlling interest by China in Hamburg port terminal
by Reutersby ReutersMUNSTER, Germany (Reuters) – The United States “strongly suggested” that there would be no controlling interest by China in the Hamburg port terminal, a senior U.S. State Department official said, …
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DuPont’s canceled acquisition fuels fears of China scuttling mergers
by Reutersby ReutersBy Anirban Sen NEW YORK (Reuters) – DuPont De Nemours Inc’s decision to scrap its deal to buy Rogers Corp has raised concerns that more Western buyers will follow the …
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Estee Lauder cuts forecasts on China curbs, tightening inventories
by Reutersby ReutersBy Ananya Mariam Rajesh (Reuters) -Estee Lauder Cos Inc cut its full-year forecasts on Wednesday ahead of the most important holiday season, blaming lockdowns in China and American retailers cutting …
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By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – As foreign funds head for the exit, Chinese stock investors are snapping up beaten-down shares of mainland firms, betting outside …
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China COVID curbs exact wider business toll on Yum, EV maker Nio
by Reutersby ReutersSHANGHAI (Reuters) – Chinese electric vehicle maker NIO suspended production at its plants in the eastern city of Hefei as rising COVID-19 cases and China’s heavy-handed response to outbreaks exact …
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China says it will increase imports of energy, agricultural products
by Reutersby ReutersBEIJING (Reuters) – China will boost imports of advanced technology, major equipment and key components as well as energy and agricultural products that are in short supply, Commerce Minister Wang …
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Debt risks of top real estate firms are prominent – China bank regulator
by Reutersby ReutersBEIJING (Reuters) – Debt risks of some top real estate firms are prominent and risk control ability of some local financial institutions are weak, according to the chairman of China’s …
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China to encourage more foreign investment in manufacturing industry
by Reutersby ReutersBEIJING (Reuters) – An official of China’s state planner said on Wednesday that the country’s foreign investment has increased steadily so far this year and that it will encourage more …
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Auditor exodus at embattled China property firms triggers governance concerns
by Reutersby ReutersBy Clare Jim HONG KONG (Reuters) – Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden …
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Miner BHP warns of inflation risks in 2023, says China demand to stabilize
by Reutersby ReutersBy Praveen Menon SYDNEY (Reuters) – BHP Group Ltd, the world’s biggest miner by market value, said on Wednesday that inflationary pressures would remain a challenge next year, but that …
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China Evergrande unit gets notice for $4.48 billion loan from Shengjing Bank
by Reutersby Reuters(Reuters) – Debt-laden property developer China Evergrande Group said on Tuesday its unit received a notice of enforcement for unrecoverable funds from Shengjing Bank Co Ltd. The bank said it …
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China aims to ship 25 million virtual reality devices by 2026
by Reutersby ReutersBy Josh Ye HONG KONG (Reuters) – China released its first action plan dedicated to virtual reality on Tuesday, with an aim its industry ship more than 25 million devices …
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China encourages administrative bodies to tap idle state assets
by Reutersby ReutersBEIJING (Reuters) – China’s finance ministry encourages administrative bodies to revitalise idle state-owned assets, including by market-based leasing or selling those assets as some were poorly managed, said a notice …
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China, HK stocks rebound sharply on unverified social media posts over COVID easing
by Reutersby ReutersSHANGHAI (Reuters) – Hong Kong and China stocks jumped on Tuesday after rumours based on an unverified note circulating on social media that China was planning a reopening from strict …
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Japan Oct factory growth hits 21-month low as China conditions worsen -PMI
by Reutersby ReutersTOKYO (Reuters) – Japan’s manufacturing activity grew at its slowest pace in 21 months in October on marked declines in output and overall new orders, as exports were partly hurt …
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Credit Suisse plans to push ahead with China expansion after overhaul
by Reutersby ReutersBy Selena Li HONG KONG (Reuters) – Credit Suisse is forging ahead with expansion in China, with the country and Hong Kong set to see strongest pace of headcount growth …
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EU industry chief issues China warning ahead of Scholz’s Beijing visit
by Reutersby ReutersBy Michel Rose PARIS (Reuters) – The European Union’s industry chief said on Monday that European governments and companies must realise China is a rival to the EU and they …