BEIJING (Reuters) – China’s President Xi Jinping on Tuesday called on Tibet to build a prosperous, harmonious and “new socialist Tibet” underpinned by unity and civility, days after Group of Seven (G7) nations expressed concern over human rights in the region. In rare comments on Tibet, Xi said the region should step up efforts to…
By Danilo Masoni and Lucy Raitano MILAN/LONDON (Reuters) – Concerns over recession and sticky inflation will weigh on European shares over the coming months but fading policy headwinds could see the main benchmarks reach new highs next year, a Reuters poll found. Fund managers and strategists surveyed over May 10-23 forecast the region-wide STOXX Europe…
A look at the day ahead in U.S. and global markets from Mike Dolan Amid all the hand-wringing over the debt ceiling row and background banking anxiety, the U.S. economy is holding up well enough to embolden Federal Reserve hawks once again. Assumptions about first-quarter and full-year S&P500 aggregate earnings contractions are being revised away…
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnamese property giant No Va Land Investment Group Corp is in talks with creditors to restructure part of its $1 billion foreign debt, according to two people familiar with the matter, amid turmoil in one of the country’s top industries. Those creditors include Credit Suisse, according…
By David Shepardson WASHINGTON (Reuters) -TikTok Inc on Monday filed a lawsuit challenging the state of Montana’s new ban on use of the Chinese-owned app, the first state to bar the popular short-video sharing service. TikTok argues the ban, which would take effect on Jan. 1, violates First Amendment rights of the company and…
SHANGHAI (Reuters) – Chinese money is pouring into Japan-focused stock funds as the Nikkei hits 33-year highs, triggering repeated warnings from fund managers about market risks. Two Shanghai-listed exchange-traded funds (ETFs) that track the Nikkei 225 Index have drawn such feverish interest, that their prices far exceed their net asset value. The ETFs’ managers, E…
By Karen Lema MANILA (Reuters) – The World Bank will press for more grants and new capital from member countries, even as it leverages its balance sheet to scale up lending for responses to climate change and other global crises, its managing director of operations said on Tuesday. The lender will rally donor support for…
SYDNEY (Reuters) – Bain Capital’s Virgin Australia airline is aiming for a A$1 billion listing on the Australian Securities Exchange (ASX) in November, according to a source with direct knowledge of the matter. At that size, the deal would be the largest new share sale in almost two years since GQG Partners raised A$1.18 billion…
By Alexandra Schwarz-Goerlich and John O’Donnell VIENNA/FRANKFURT (Reuters) – Raiffeisen Bank International (RBI) is stepping up moves to hand its money-spinning Russian arm to shareholders, three people familiar with the matter said, amid mounting pressure to cut its ties to Moscow. Austria’s second-largest bank is making preparations for a spin-off after months of unsuccessfully trying…
By Emma Farge GENEVA (Reuters) – Negotiations on new rules for dealing with pandemics are underway at the World Health Organization (WHO), with a target date of May 2024 for a legally binding agreement to be adopted by the U.N. health agency’s 194 member countries. A new pact is a priority for WHO chief Tedros…
