By Lewis Jackson SYDNEY (Reuters) – Australia will encourage businesses diversify their trade into new and emerging markets, Trade Minister Don Farrell will say in a speech on Thursday, even as ties heal with China, its largest trading partner. “It’s why this government has spent the last year working to diversify our trading relationships,” he…
HONG KONG (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon on Wednesday warned “uncertainty” caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need “real engagement” on security and trade issues. Dimon is on his first visit to China since the beginning of the…
BEIJING (Reuters) – The detention of Bao Fan, chairman of investment bank China Renaissance Holdings, has been extended for another three months beginning May 7, Chinese financial publication Economic Observer reported on Wednesday, citing sources. Bao was taken away by disciplinary and supervision officials on February 7 and detained, the report said. Among the agencies…
BERLIN (Reuters) – A global employment divide between high-income and low-income countries is worsening as rising debt levels hit developing countries disproportionately, the International Labour Organisation (ILO) said on Wednesday. It urged nations to offer global financial support on job creation and social protection to help narrow the gap. While global unemployment is expected to…
By Kirsty Needham SYDNEY (Reuters) – Australia’s defence chief said on Wednesday the United States warned him in 2021 that allegations Australian special forces soldiers killed prisoners and civilians in Afghanistan may trigger a law prohibiting assistance from the United States. The United States is Australia’s biggest security alliance partner and Angus Campbell’s comments are…
MOSCOW (Reuters) – Russia’s defence ministry said on Wednesday that its forces had destroyed what it described as Ukraine’s “last warship” two days ago in the port of Odesa in a missile strike. Ukraine’s navy declined to comment. “The last warship of the Ukrainian navy, the Yuriy Olefirenko, was destroyed at a warship mooring in…
By Seun Sanni and Richa Naidu ALAYIDE, Nigeria (Reuters) – Busari Kasali once lived with the fear that his cassava – a staple crop in his native Nigeria – would spoil before it got to market. Today, the 76-year-old says his main concern is keeping up with growing demand from consumer goods giant Unilever. “Things…
By Dominique Patton BEIJING (Reuters) – U.S. agribusiness giant Cargill said it is selling its poultry business in China to private equity firm DCP Capital, exiting a Chinese meat market that has become increasingly challenging, especially for foreign players. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but…
By Daniel Leussink TOKYO (Reuters) – Toyota Motor Corp said on Wednesday that information on customers in some countries in Oceania and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023. Customer information that may have been accessible externally included names, addresses, phone numbers, email addresses, and vehicle identification…
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling saga nearly over, the state of the global economy hoves back into view – with contrasting interest rate pictures that saw the dollar climb across the board. A deepening contraction of Chinese factory activity this month…
