By Ellen Zhang and David Kirton GUANGZHOU (Reuters) -Chinese exporters exhibiting their products at the country’s largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. The subdued mood at the Canton Fair in the southern city of Guangzhou suggests China’s unexpected…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Top-tier Chinese economic data including first-quarter GDP grabs the Asian spotlight this week, as investors across the region and beyond weigh whether the U.S. banking ‘crisis’ is in the rear view mirror or if there’s more serious trouble…
(Reuters) – Russia said on Sunday that Wagner mercenary units supported by airborne troops had captured two more city blocks in the eastern Ukrainian city of Bakhmut, target of a major offensive by Moscow. Wagner has spearheaded Russia’s attempt to take Bakhmut since last summer in what has been the longest and deadliest battle of…
SANTIAGO (Reuters) – Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry’s growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. The buyout trend comes as Indigenous groups, host communities and others increasingly…
ABU DHABI (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Sunday again proposed establishing a group of countries not involved with the Russia-Ukraine war to broker peace, saying he had discussed the matter with Chinese counterpart Xi Jinping earlier this week. “I think we need to sit on a table and say, ‘that’s…
By Humeyra Pamuk and Sakura Murakami KARUIZAWA, Japan (Reuters) -The relationship between China and Europe will be determined by Beijing’s behaviour, including what happens with Taiwan, the European Union’s foreign policy chief said on Sunday. The comments from EU High Representative Josep Borrell, in a remote address at the start of the meeting of the…
SHANGHAI (Reuters) – China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for its company’s upcoming models. The Smart Electric Platform Architecture (SEPA) 2.0 will help Xpeng to reduce costs of powertrain systems including batteries by…
TOKYO (Reuters) -Japan’s Prime Minister Fumio Kishida, a day after escaping an apparent attack, vowed to ensure the safety of Group of Seven dignitaries visiting his country, beginning with tighter security for climate ministers gathering in Sapporo. “My security has become even heavier this morning. It’s so tight I think it is going to be…
BEIJING (Reuters) – Beijing’s subway has dropped mandatory mask requirements for travellers, local media reported on Sunday, days after a Chinese health expert said the threat of COVID-19 to humans is no longer at a serious level. The mask move is in line with broader measures by China, which said last week it was now…
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) -A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding more than $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter. It is the first bondholder proposal after the island nation…
