BEIJING (Reuters) -China has uncovered a Chinese national suspected of spying for the U.S. Central Intelligence Agency (CIA), its state security ministry said on Friday, highlighting what it said were the risks and dangers of Chinese citizens being recruited abroad. The Chinese national surnamed Zeng, who had worked for a military industrial group, was recruited…
By Summer Zhen HONG KONG (Reuters) – U.S.-based Thornburg Investment Management lost its business licence in China to raise funds for outbound investment only one year after it was granted, according to the China Asset Management Association (AMAC) website. Thornburg Investment Management (Shanghai) Limited was deregistered as a qualified domestic limited partnership (QDLP) fund manager…
A look at the day ahead in European and global markets from Tom Westbrook How do you put the cork back in a bottle of champagne? Perhaps ask your friendly bond dealer, as traders in the world’s deepest market quickly got over their excitement at steadying inflation, which held at 0.2% month-on-month. Maybe markets were…
By Lewis Jackson SYDNEY (Reuters) – PwC Australia’s attempt to remove a partner after an internal investigation into the leak of confidential government tax plans hit a roadblock on Friday after an Australian court ruled the professional services firm failed to follow due process. The decision complicates PwC Australia’s efforts to move past a national…
By Kanishka Singh WASHINGTON (Reuters) – The United States will hold the junta that took power in Niger accountable for the safety of democratically elected President Mohamed Bazoum, his family, and detained members of the government, U.S. Secretary of State Antony Blinken said on Thursday. “The United States joins the Economic Community of West African…
By Chen Lin SINGAPORE (Reuters) -Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in the second quarter, with weak global demand a key drag on its trade-reliant economy. Goss domestic product (GDP) expanded a seasonally-adjusted 0.1% quarter-on-quarter in April to June, slower than 0.3% growth seen in…
By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will pause a more than year-long rate-hiking campaign in September, according to a narrow majority of economists polled by Reuters, but a further rise by year-end is still on the cards with inflation running hot. There have been nine consecutive ECB rate rises since July…
SYDNEY (Reuters) – The head of Australia’s central bank on Friday said policy was in the “calibration stage” as the worst was over for inflation, though some further policy tightening might be needed depending on incoming data and evolving risks. Appearing before lawmakers, outgoing Reserve Bank of Australia (RBA) Governor Philip Lowe said the recent…
(Reuters) – A U.S. cybersecurity advisory panel will investigate risks in cloud computing that will also include Microsoft Corp’s role in the recent breach of government department email systems by suspected Chinese hackers, Bloomberg News reported on Thursday. The Cyber Safety Review Board (CSRB) will focus on risks to cloud computing infrastructure, including identity and…
HONG KONG (Reuters) – Shanghai and Shenzhen stock exchanges said late Thursday they would study measures to lower investors’ trading costs and improve liquidity to further stimulate the market. The measures include allowing investors to place smaller orders in auction trading and improving trading mechanisms for exchange-traded funds (ETFs). The exchanges also revised rules to…
