September 30, 2021 HANOI (Reuters) – Vietnam’s business hub Ho Chi Minh City will start relaxing coronavirus curbs from later on Thursday, allowing for the resumption of more business and social activities, city officials said at a news conference. (Editing by Ed Davies) Source Link Vietnam’s biggest city to start lifting COVID-19 curbs to revive […]
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Taiwan sees upside from China power curbs if orders shifted
September 30, 2021 TAIPEI (Reuters) -Taiwan may benefit from orders being shifted to the island if China’s power curbs lead to the country’s exports being impacted, Taiwan Central Bank Governor Yang Chin-long said on Thursday. The world’s second largest economy is grappling with power cuts and electricity rationing after a collision of tight coal supplies, […]
Australian housing borrowing booms, regulators ready new lending rules
September 30, 2021 By Wayne Cole SYDNEY (Reuters) – Australian home lending in August expanded at its fastest annual pace since early 2018 as buyers borrowed ever more to get into a red-hot market, foreshadowing tougher rules from regulators concerned at the mounting risks to financial stability. Figures from the Reserve Bank of Australia (RBA) […]
Oil falls after U.S. inventories post surprise gain
September 30, 2021 TOKYO (Reuters) – Oil prices fell on Thursday, extending losses after official figures showed an unexpected rise in inventories in the United States although prices seem to have stabilised following a recent run of gains. Brent crude was down 11 cents at $78.53 a barrel by 0137 GMT, after falling 0.6% on […]
Access to website dedicated to Tiananmen victims appears restricted in Hong Kong
September 30, 2021 By Jessie Pang HONG KONG (Reuters) – Access to an online museum dedicated to the victims of China’s 1989 crackdown on pro-democracy protesters in and around Beijing’s Tiananmen Square appeared to be restricted in Hong Kong, with the website accusing authorities of censorship. The Hong Kong Alliance in Support of Patriotic Democratic […]
U.S., Chinese military officials hold ‘frank, in-depth’ talks -Pentagon
September 30, 2021 WASHINGTON (Reuters) – U.S. and Chinese military officials held “frank, in-depth” talks this week on a range of defense issues, the Pentagon said on Wednesday, as the countries grapple over their competing interests in the Indo-Pacific region. Michael Chase, U.S. deputy assistant secretary of defense for China, held the meetings by video […]
New Zealand tightens terror law after recent IS-linked attack
September 30, 2021 By Colin Packham (Reuters) – New Zealand on Thursday passed a new security law to criminalise preparing a terror attack, tightening a loophole that was exposed by a man who went on to conduct a mass stabbing in the country’s most populated city. New Zealand has for months been moving to strengthen […]
Dollar near one-year high as Fed tightening in focus
September 30, 2021 By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-year high versus major peers on Thursday, following a two-day surge amid expectations for a tapering of Federal Reserve stimulus from November and a possible interest rate hike in late 2022. The safe-haven greenback also saw a bid on worries the […]
China’s factory activity holds steady in September- Caixin PMI
September 30, 2021 BEIJING (Reuters) – China’s factory activity fared better than expected in September, stabilising after a slump in August, a business survey showed on Thursday, with a smaller decline in production countering an uptick in demand. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.0 in September from 49.2 the month before, […]
Poland illegally pushed migrants back into Belarus, Amnesty Int’l says
September 30, 2021 WARSAW (Reuters) – Poland carried out an unlawful pushback of a group of migrants camped out on its border with Belarus in late August, an analysis of satellite imagery and other photos and videos by NGO Amnesty International published on Thursday said. Amnesty said that using satellite imagery from Aug. 18 it […]
Western airplane maintenance providers rush to sign Chinese contracts
September 30, 2021 By Stella Qiu and David Kirton ZHUHAI (Reuters) – Western aircraft maintenance, repair and overhaul providers (MROs) signed a flurry of new contracts with Chinese customers and joint-venture partners at the country’s biggest air show this week to strengthen their foothold in the lucrative market. The quick rebound in traffic in China’s […]
China factory activity unexpectedly shrinks, services recover
September 30, 2021 BEIJING (Reuters) -China’s factory activity unexpectedly shrank in September as high raw material prices and power cuts pressured manufacturers in the world’s second-largest economy, while the services sector returned to expansion after COVID-19 outbreaks receded. The official manufacturing Purchasing Manager’s Index (PMI) was at 49.6 in September versus 50.1 in August, data […]
Palihapitiya says SPAC slowdown separated ‘wheat from chaff’
September 30, 2021 By Anirban Sen (Reuters) – Venture investor Chamath Palihapitiya, whose huge bets on “blank check” acquisition companies earned him the moniker of “SPAC King,” said he remained bullish on the long-term health of such deals despite a recent slowdown. Palihapitiya has raised billions of dollars in the stock market through SPACs, or […]
Japan’s Aug factory output extends declines on car production cuts
September 30, 2021 By Kantaro Komiya and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s industrial output fell for the second straight month in August as COVID-19 outbreaks elsewhere in Asia disrupted supply chains for carmakers already facing headwinds from a prolonged chip shortage. Separate data out on Thursday showed retail sales in August slipped for the […]
‘Natural’ for global bond yields to rise from here, say strategists
September 30, 2021 By Hari Kishan BENGALURU (Reuters) – Global sovereign yields will have only drifted modestly higher by this time next year, but most bond strategists polled by Reuters appear convinced the only way is up and the gap between short and long-term maturities is set to widen. The latest quarterly poll results coincide […]
G7 finance ministers make some progress on tax deal, UK says
September 30, 2021 LONDON (Reuters) – Finance ministers from the Group of Seven said they made some progress on Wednesday at reaching a joint position on a landmark global corporate tax deal, days before it needs to win over a wider international audience. “A common understanding was reached on some of the important open issues […]
Panel probing U.S. Capitol riot issues subpoenas to Trump rally organizers
September 30, 2021 By Patricia Zengerle and Jan Wolfe WASHINGTON (Reuters) -The U.S. House of Representatives Select Committee investigating the deadly Jan. 6 riot at the Capitol said on Wednesday it had issued subpoenas to organizers of events and rallies leading up to the attack on the seat of government, as it broadened its inquiry. […]
Americans evacuated from Kabul due to fly on to U.S. – State Dept
September 30, 2021 By Jonathan Landay WASHINGTON (Reuters) -More than 100 U.S. citizens and lawful permanent residents evacuated to Abu Dhabi from Afghanistan aboard a charter flight are expected to fly on to the United States on Thursday, the State Department and flight organisers said. U.S. officials on Wednesday were working to verify the accuracy […]
Facebook-backed 2Africa set to be the longest subsea cable upon completion
Facebook announced on Tuesday that its 2Africa cable would now extend to over 45,000 kilometers with the addition of nine landings collectively dubbed the 2Africa Pearls. The subsea cable will directly connect three continents — Africa, Europe and Asia. The extension will see 2Africa become the longest subsea cable system in the world upon completion, […]
Irish consumer sentiment steady near pandemic high in September
September 29, 2021 DUBLIN (Reuters) – Irish consumer sentiment remained steady in September just below the two-year high recorded in June, a survey showed on Thursday, as the government prepared to lift almost all pandemic restrictions within weeks. The government has named Oct. 22 as its target date to drop most restrictions, with more than […]