WASHINGTON (Reuters) -The United States has banned goods from two China-based companies as part of an effort to eliminate forced labor practices in the U.S. supply chain, prompting a warning from Beijing of measures to safeguard Chinese firms’ rights. The action targets Camel Group Co. Ltd., a battery manufacturer, and Chenguang Biotech Group Co. Ltd.,…
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Starbucks missed market expectations for quarterly comparable sales on Tuesday, with demand for its coffees and cold drinks showing some signs of tapering in the North American and international markets even as China sales rebounded sharply. The world’s largest coffeehouse chain has targeted its younger, wealthier U.S….
MANILA (Reuters) – The United States has expressed concern over the involvement of a Chinese state-owned firm that it blacklisted for its role in constructing and militarising artificial South China sea islands in Philippine reclamation projects. A spokesperson for the U.S. Embassy in Manila, Kanishka Gangopadhyay, said Washington also expressed to the Philippine government its…
By Selena Li and Kane Wu HONG KONG (Reuters) -Hong Kong stock exchange has removed a China-risk section for mainland-incorporated companies in its listing application rules with effect from Tuesday, which the bourse said was to align disclosure requirements for IPO-aspirants from other countries and the scrutiny level remains the same. In its latest revision…
By Michael Kahn, Robert Muller and Karol Badohal PRAGUE/WARSAW (Reuters) – From building apartments for new employees to offering retired workers free canteen meals to share their expertise, Central Europe’s arms manufacturers are scrambling for new ways to cope with the biggest boom since the end of the Cold War. Facing some of the tightest…
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) -Thailand’s Pheu Thai party will nominate a real estate tycoon to become prime minister as it takes the lead in efforts to form a government after the progressive party that won a May election was sidelined, Pheu Thai said on Wednesday. Southeast Asia’s second largest economy has…
By Liz Lee and Ella Cao BEIJING (Reuters) -China on Wednesday dispatched thousands of rescue workers to Zhuozhou, a flooded city of over 600,000 residents southwest of Beijing, as the remnants of Typhoon Doksuri continued to wreak havoc on swathes of the city twice the size of Paris. Zhuozhou is in Hebei province, which has…
By Andrew Goudsward (Reuters) – The judge assigned to oversee the federal case against Donald Trump for attempting to overturn the results of the 2020 election has previously ruled against the former president and sharply condemned the Jan. 6, 2021 riot at the U.S. Capitol by his supporters. U.S. District Judge Tanya Chutkan in Washington,…
A look at the day ahead in U.S. and global markets from Amanda Cooper. Two out of three ain’t so good. On Tuesday, Fitch became the second major agency, after Standard & Poor’s in 2011, to strip the United States of its prized triple-A credit rating. Fitch cut by a notch to AA+ and cited…
By Yuvraj Malik (Reuters) -Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. The world’s most valuable firm will…
