By Julie Zhu HONG KONG (Reuters) – Tesla Inc CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang on Wednesday afternoon in Beijing, a source familiar with the matter said. The source declined to provide details of the discussions. The previously unreported meeting followed meetings with China’s commerce and industry ministers earlier in the…
By Mike Dolan LONDON (Reuters) – Even if the U.S. dollar’s singular dominance as global currency of choice is in fact ebbing, it may not automatically lead to a weaker dollar exchange rate – and could periodically mean the opposite. A Federal Reserve less worried about the overspill of its monetary policies to the rest…
BEIJING (Reuters) – China’s new home prices fell for the first time in four months in May and home sales slumped, according to a private survey, adding to pressure on a property market which is struggling to stabilize from a sharp slump. New home prices among 100 cities fell 0.01% month-on-month in May from 0.02%…
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Foreign investors’ selling of Chinese shares gained some momentum in May, as flagging domestic demand and expectations for weak corporate earnings led to steep falls on mainland and Hong Kong stock markets. Refinitiv data shows foreigners sold $1.71 billion worth of mainland shares this month via Stock…
By Alexander Marrow (Reuters) – After months of negotiations, Finland’s Nokian Tyres was on the cusp late last year of finalising a 400-million-euro ($440.32 million) sale of its Russian business. Then Moscow changed the rules again. The government in December demanded that companies leaving Russia sell their operations for at least half price and claimed…
(Reuters) – Activity in Russia’s manufacturing sector increased for the 13th month running in May and employment rose at its sharpest pace in more than two decades, though export orders contracted, a business survey showed on Thursday. The S&P Global Purchasing Managers’ Index (PMI) for manufacturing rose to 53.5 from 52.6 in April, moving further…
By Josh Smith SEOUL (Reuters) – North Korea’s latest space launcher appears to be a new design and most likely uses engines developed for the nuclear-armed country’s intercontinental ballistic missiles (ICBM), analysts said on Thursday. The rocket, dubbed the Chollima-1, failed during its first launch attempt on Wednesday. It lifted off successfully but its second…
By Hyunsu Yim and Soo-hyang Choi SEOUL (Reuters) – North Korea’s Kim Yo Jong, leader Kim Jong Un’s sister, said her country would soon put a military spy satellite into orbit and promised Pyongyang would increase its military surveillance capabilities, state media KCNA reported on Thursday. The remarks by Kim, a powerful ruling party official,…
By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been…
By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been…
