By Laurie Chen, Yew Lun Tian and Brenda Goh BEIJING/SHANGHAI (Reuters) – Some diplomats in China say they are facing heightened scrutiny and interference from Chinese authorities, which is thwarting foreign officials’ efforts to re-engage with the country after three years of COVID-induced isolation. Twenty envoys from 12 Western and Asian delegations told Reuters that…
(Reuters) – Chindata Group Holdings said on Thursday Bain Capital, its largest shareholder, did not intend to sell any of its shares in the Chinese data center operator after a rival bid from China Merchants Capital (CMC). The unit of state-owned conglomerate China Merchants Group offered to acquire Chindata Group for $9.2 per American Depositary…
By Idrees Ali ABOARD A U.S. MILITARY AIRCRAFT (Reuters) – Russia’s leadership is suffering a significant amount of “friction and confusion” since the Wagner mercenary group’s mutiny last month, but the impact it is having on front lines in Ukraine is still uncertain, the United States’ top general said on Thursday. The June 24 mutiny…
A look at the day ahead in U.S. and global markets from Mike Dolan Surprise news of a 2%-plus print on U.S. headline inflation rate for June has world markets betting the peak of the Federal Reserve’s interest rate campaign will now be this month. Although rounded up to 3.0% for official purposes, the annual…
BENGALURU (Reuters) -Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric vehicles, the Times of India reported on Thursday, citing government sources. The company, led by billionaire Elon Musk, is also looking at using India as an export…
By Guy Faulconbridge and Vladimir Soldatkin MOSCOW (Reuters) – Russian Foreign Minister Sergei Lavrov said on Thursday that he had not heard of any new proposals on the Black Sea grain deal which expires next week but was working with Turkey on ways to ensure Russian grain exports regardless of any deal. U.N. Secretary-General Antonio…
By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) – Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and regulations on cryptocurrency, Indian officials said. The finance ministers and central bank governors from the Group of 20 (G20)…
By Pratima Desai and Siyi Liu LONDON/BEIJING (Reuters) -The Shanghai Futures Exchange (ShFE) is looking to expand its commodities warehousing network outside China, and is examining systems and regulations in the sector overseas, three sources with direct knowledge of the matter told Reuters. China’s dominant commodities bourse has a domestic network of 216 storage facilities…
By Kevin Yao BEIJING (Reuters) – China’s economy likely grew 7.3% in the second quarter from a year earlier due to a low base, but momentum is rapidly faltering, a Reuters poll showed, raising expectations Beijing will have to roll out more stimulus measures soon. While the reading will be heavily skewed by economic pains…
By Byron Kaye SYDNEY (Reuters) – The CEOs of Australia’s two biggest banks said on Thursday a tight labour market was keeping late home loan repayments below historic levels even after a year of rising interest rates, but warned that living costs would squeeze the economy through 2023. The updates from Commonwealth Bank of Australia…
