By James Pomfret and Jessie Pang HONG KONG (Reuters) – Police in Hong Kong arrested a man on Thursday suspected of links to pro-democracy activists based abroad, picking him up at the city’s international airport a day after arresting four others for various national security offences. Police had issued arrest warrants days earlier for eight…
BEIJING (Reuters) – China will take measures to support growth and employment, as well as to prevent risks, state media cited Premier Li Qiang as saying on Thursday. The country will establish appropriate communication channels between the government and foreign and private companies, Li said, while presiding over a symposium on the economic situation. (Reporting…
SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to Japan, marking its first foray into the Asian market. The marketplace, the sister site of Chinese discount e-commerce platform Pinduoduo, ships everything from clothing to electronics and home goods, mainly from Chinese merchants to customers overseas at rock bottom prices….
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Sri Lanka cut its key interest rates for the second straight month on Thursday as inflation eased after last year’s devastating economic crisis and the focus returned to reviving growth following a bailout from the International Monetary Fund (IMF). The Central Bank of Sri Lanka (CBSL) cut…
(Reuters) – Russia will allow the U.S. ambassador to Moscow to visit detained Wall Street Journal reporter Evan Gershkovich “on a reciprocal basis”, Foreign Ministry spokeswoman Maria Zakharova said on Thursday. Ambassador Lynne Tracy was able to visit Gershkovich this week for only the second time since he was detained in March on espionage charges,…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have taken a hit from a deepening selloff in China as they await critical health checks on U.S. employment over the next two days. With U.S. Treasury Secretary Janet Yellen in Beijing just as tit-for-tat trade restrictions ratchet up,…
By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The rupee will hold on to its recent gains against the dollar in coming months and strengthen marginally in a year, on strong macroeconomic trends and expectations the U.S. Federal Reserve is nearing the end of its hiking cycle, a Reuters poll showed. Despite the Reserve…
By Kirsty Needham SYDNEY (Reuters) – An Australian lawyer with a bounty on his head from the Hong Kong authorities, said on Thursday he was being pursued for “exercising my democratic rights” in a crackdown on free speech. Kevin Yam, 47, is one of eight overseas-based activists accused by Hong Kong police of “serious” national…
BEIJING (Reuters) -Chinese weather forecasters on Thursday issued a string of heat advisories across northern parts of the country as temperatures were expected to breach 40 degrees Celsius (104 degrees Fahrenheit) in some areas, stressing taxed power grids. The torrid heat has gripped China for several weeks, pushing local governments to ask residents and businesses…
BEIJING (Reuters) – China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing on domestic prices even as overseas prices of the thinly traded minerals jumped this week. China’s Ministry of Commerce said on Monday it will impose export controls on gallium and germanium from Aug. 1, used…
