SANTIAGO (Reuters) -Workers at Chile’s Escondida Mine accepted a new offer from BHP and will not move forward with a strike that was planned for Nov. 28 and 30, their union said Monday. “The strike was stopped because last night between 9:00 p.m. and 3:00 a.m., members voted to approve the proposal that Escondida presented…
By Nick Carey and Giulio Piovaccari LONDON/MILAN (Reuters) -The bankruptcy of Stellantis’ Jeep joint venture in China could spell trouble for other global automakers whose output has plunged over the last five years in the world’s largest car market, as domestic players rapidly overtake. The first joint venture failure by a foreign brand in the…
By Rae Wee and Harry Robertson SINGAPORE/LONDON (Reuters) – The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while anti-government protests in China sent the yuan to a two-week low. Protests have flared across China and spread to several cities in the wake of an apartment fire…
BEIJING (Reuters) – China will extend tariff exemptions on some imported products from the United States until May 31 next year, the finance ministry said on Monday. (Reporting by Beijing newsroom; Editing by Toby Chopra)
BEIJING (Reuters) – China’s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and exports fell despite a flurry of stimulus policies, a Reuters poll showed on Monday. The official manufacturing Purchasing Manager’s Index (PMI) was forecast at 49.0 in November from 49.2 in…
HONG KONG (AP) — With police out in force, there was no word of additional protests against strict government anti-pandemic measures Tuesday in Beijing, as temperatures fell well below freezing. Shanghai, Nanjing and other cities where online calls to gather had been issued were also reportedly quiet. Rallies against China’s unusually strict anti-virus measures spread…
By Scott Murdoch SYDNEY (Reuters) – Stocks and commodities prices slid sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs raised investors’ concerns about the growth implications for the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.5% having slumped 2.2% at the…
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) – When Melbourne barista Melinda Elliott had to cut back on casual work shifts this year, she asked her buy-now, pay-later (BNPL) provider, Afterpay, to lower her credit limit. She did not want debt she could not afford to repay. The Australian company, owned by Twitter founder…
TOKYO (AP) — Asian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while shares fell in Japan. Oil prices fell. Japanese government data released Tuesday showed that the unemployment rate…
By Xie Yu HONG KONG (Reuters) -Embattled property developer China Evergrande Group aims to win creditors’ support for its debt restructuring proposals by as early as the end of February, the company’s lawyers said on Monday. Once China’s top-selling developer, Evergrade is now at the centre of the country’s property sector crisis. Its $22.7 billion…
