WASHINGTON (Reuters) – Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state to “protect Montanans” from alleged Chinese surveillance, making it the first U.S. state to ban the popular short video app. Here is a detailed list of U.S. allegations against the company and its parent, Bytedance….
By Jamie McGeever ORLANDO, Florida (Reuters) – Long Japan, short China. If there is a general macro, relative value trade playing out right now, it might be that as the contrasting fortunes of Asia’s economic and financial behemoths become starker by the day. China’s economy is rapidly losing steam and investor appetite for Chinese assets…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand is set to deliver what it calls a “no frills” budget on Thursday as falling tax revenues squeeze coffers and inflation risks cap cyclone reconstruction efforts, constraining stimulus as the Labour government faces an election this year. Finance minister Grant Robertson has said the budget will focus…
By Humeyra Pamuk and Patricia Zengerle WASHINGTON (Reuters) -The U.S. State Department on Wednesday said two top members of the House Foreign Affairs Committee can view a redacted version of a classified cable about the chaotic August 2021 U.S. withdrawal from Afghanistan sought by the committee’s Republican chairperson. The chairperson, Representative Michael McCaul, scheduled a…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors in Asia go into Thursday with some major economic indicators from Japan and Australia and an interest rate decision from the Philippines on tap, and a spring in their step as hopes rise that a deal on…
By Jeff Mason and Kirsty Needham ABOARD AIR FORCE ONE/SYDNEY (Reuters) -U.S. President Joe Biden will arrange another summit of Pacific island leaders this year after the disappointment caused by his cancellation of a visit to Papua New Guinea due to the domestic debt ceiling crisis, his national security adviser said on Wednesday. Political analysts…
By Lisa Baertlein CHICAGO (Reuters) -The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger. Rates for trucking, ocean shipping and other transportation tumbled after U.S. consumers shifted…
By Bernard Orr and Eduardo Baptista (Reuters) – China has intensified efforts to clean up the internet from false news and rumours, closing more than 100,000 online accounts over the past month that misrepresented news anchors and media agencies, its cyberspace regulator said. The Cyberspace Administration of China (CAC) launched a special campaign to clean…
By Kirsty Needham and David Brunnstrom SYDNEY/WASHINGTON (Reuters) – The United States and Palau agreed on Wednesday to renew a key strategic pact, part of U.S. efforts to shore up support among Pacific island states to counter competition from China, even as President Joe Biden called off a historic stop in the region. The two…
By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to a higher close on Wednesday, gathering momentum throughout the afternoon trading, and the dollar touched a six-week high as regional banks surged and negotiations in Washington over raising the debt ceiling progressed. All three major U.S. stock indexes rallied to end up more than…
