TAIPEI (Reuters) – Any Chinese military action in response to stopovers in the U.S. by Taiwan Vice President William Lai would be an attempt by China to interfere in the island’s elections, Lai said during a trip to Paraguay. Taiwanese officials say China could launch military drills this week, using Lai’s stopovers in the United…
By Phuong Nguyen, Francesco Guarascio and Anshuman Daga HANOI/SINGAPORE (Reuters) -VinFast’s shares soared in thin trading in their Nasdaq debut on Tuesday following the Vietnamese electric vehicle maker’s $23 billion backdoor listing as the startup said it was likely to raise money from global investors within 18 months. The stock opened at $22, more than…
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank held its cash rate steady at 5.5% on Wednesday but slightly pushed out when it expects to start cutting borrowing costs to 2025, which provided some support for the New Zealand dollar. “The committee agreed that the OCR (official cash rate) needs to stay at restrictive…
By Lewis Jackson and Nausheen Thusoo SYDNEY (Reuters) -Australia’s Dexus swung to its first net loss since 2009 as higher interest rates wiped nearly A$1.2 billion ($773 million) off the value of its property portfolio, but said it would not be a forced seller of real estate. The property industry globally, and office building owners…
(Reuters) -Cathay Pacific Airways said on Wednesday it has paid a dividend of HK$292.5 million ($37.4 million) due on preference shares on Aug. 14 and said it expects strong travel demand to remain this month. The airline had, in June, said it would pay the deferred dividend of HK$1.5 billion on the preference shares held…
By Josh Ye and Samrhitha A (Reuters) -China’s Tencent Music Entertainment Group reported a 5.5% increase in quarterly revenue thanks to a rise in user subscriptions but warned that future revenue will shrink because of tighter live-streaming controls. The Spotify-like music streaming company controlled by Chinese tech giant Tencent Holdings is making adjustments to its…
A look at the day ahead in European and global markets from Brigid Riley China’s new home prices fell in June for the first time this year, adding to an alarming picture of the world’s second largest economy from a sector that has become a persistent source of trouble. Global stock markets looked accordingly gloomy…
By Andy Sullivan, Jacqueline Thomsen and Joseph Ax WASHINGTON (Reuters) -Donald Trump faced a new raft of felony charges on Tuesday after a Georgia grand jury used a law developed to take down organized crime gangs to charge the former U.S. president with trying to overturn his 2020 election defeat. The charges, brought late on…
By Felix Onuah (Reuters) -Niger’s junta on Tuesday said that it was open to talks to resolve a regional crisis caused by last month’s military coup, while Russia and the United States called for a peaceful resolution. Western powers and democratic African governments have called for the coup leaders to reinstate ousted President Mohamed Bazoum,…
BANGKOK (Reuters) – Thailand’s economy should continue to expand as the policy rate is approaching a level consistent with long term stability, minutes of the central bank’s Aug. 2 monetary policy meeting showed on Wednesday. Public consumption and investment were expected to decline from a year ago due to a delay in the budgeting process,…
