By Clare Jim HONG KONG (Reuters) – The market is closely watching whether a unit of Dalian Wanda Group will make a repayment deadline for a $400 million dollar bond early next week, as a failure would weigh on already weak market confidence in China’s property sector. HOW MUCH DEBT DOES DALIAN WANDA HAVE? Dalian…
By Josh Smith SEOUL (Reuters) – When a U.S. ballistic missile submarine (SSBN) surfaced for a rare visit to South Korea this week it was a blunt reminder that Washington always has nuclear-tipped missiles deployed within close striking distance of North Korea, analysts said. Having nuclear weapons out of sight in the seas off the…
BEIJING (Reuters) – In scorching Beijing, “facekinis” are the hottest new fashion downtown as surging temperatures shatter records. With the mercury rising above 35 Celsius (95 Fahrenheit) and the surface temperature soaring as high as 80C in some parts of the country, residents and visitors have taken to carrying portable fans and covering themselves up…
BEIJING (Reuters) -Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus. Regions will be encouraged to increase annual car purchase quotas and efforts will be made…
By Kate Abnett BRUSSELS (Reuters) – As temperature records topple and extreme weather rages around the world, countries are preparing for talks at this year’s COP28 UN summit on climate finance – money that large economies provide to help poorer states cope with climate change. So far, countries have not delivered this money in the…
TAIPEI (Reuters) -Shares of Taiwan’s TSMC slumped more than 3% on Friday after the world’s largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed. On Thursday, TSMC reported a 23.3% fall in second-quarter net profit – its…
WARSAW (Reuters) – Poland’s security committee decided in a meeting on Wednesday to move military units to the country’s east due to the Wagner Group’s presence in Belarus, state-run news agency PAP quoted its secretary as saying on Friday. Wagner chief Yevgeny Prigozhin was shown in a video on Wednesday welcoming his fighters to Belarus,…
By Rachel Nostrant (Reuters) -A very lucky Powerball player in Southern California has won the multistate lottery’s $1 billion jackpot prize, ending a streak of 38 consecutive drawings without a grand prize winner. It was just the third time the Powerball jackpot prize has reached $1 billion. Jackpot winners have to match all six of…
By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he’s been optimistic before. The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology,…
By Clara Denina and Sarah McFarlane LONDON (Reuters) – Major brands, including the investment arm of the IKEA group, are following automakers’ lead in snapping up stakes in suppliers of raw materials and energy, seeking greater control over their production to meet emissions targets and limit disruptions. After global supply chains buckled under pressure from…
