By Summer Zhen and Xie Yu HONG KONG (Reuters) – A new China-focused hedge fund, led by a former Hillhouse Capital Management fund manager, has raised between $100 million and $150 million, marking one of the strongest launches for a China-focused fund this year. Hong Kong-headquartered Protium Capital Ltd, a long-short equity fund, will begin…
By Praveen Menon SYDNEY (Reuters) -Australia’s Senate passed legislation on Monday that paves the way for the country to hold a landmark referendum later this year on whether to recognise its Indigenous people in the constitution. In a final vote in the upper house of parliament, 52 voted in favour of the bill while 19…
By David Kirton RUICHANG, China (Reuters) – When Steven Du took over his parents’ factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant’s heating in winter – something his frugal forebears were reluctant to do. “If you don’t improve their environment, the workers aren’t…
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – Chancellor Olaf Scholz faces a delicate balancing act this week at German-Chinese government consultations in Berlin, seeking to maintain good ties with Germany’s largest trade partner while complying with a G7 pledge to “de-risk” from Beijing. Scholz receives Chinese premier Li Qiang for dinner in the…
By Xie Yu, Ziyi Tang and Julie Zhu HONG KONG (Reuters) – From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. The steps…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on…
(Reuters) – Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. “They developed very quickly, and they developed them in large scale. And now they’re exporting them,” Ford told CNN’s ‘Fareed Zakaria GPS’ Sunday program. “They’re not here but they’ll…
By Humeyra Pamuk BEIJING (Reuters) -The U.S. secretary of state and Chinese foreign minister on Sunday held what both called candid and constructive talks on their differences from Taiwan to trade but seemed to agree on little beyond keeping the conversation going with an eventual meeting in Washington. Speaking after a 5-1/2 hour meeting followed…
LONDON (Reuters) – The Chinese embassy in London on Sunday condemned a meeting last week between Britain’s security minister, Tom Tugendhat, and Taiwan’s digital minister, saying it violated international relations. Reuters reported on Friday that Tugendhat had met the Taiwanese Digital Affairs Minister Audrey Tang on Wednesday during a rare high-level ministerial trip to Britain….
By Michael Martina WASHINGTON (Reuters) – For over 40 years, a landmark agreement between the United States and China has yielded cooperation across a range of scientific and technical fields, a powerful sign that the rivals could set aside their disputes and work together. Now with bilateral relations in their worst state in decades, a…
