News

September 30, 2021 By Chen Lin SINGAPORE (Reuters) – Singapore’s central bank is expected to leave monetary policy on hold at its October review, analysts say, as highly transmissible coronavirus variants spread locally and across the world, threatening the pace of economic recovery. All 11 economists in a Reuters poll this week expect the Monetary […]

September 30, 2021 (Reuters) – Fortescue Metals Group Ltd said on Thursday an employee had died after a ground collapse at its Solomon Hub site in the Pilbara region of Western Australia, forcing it to temporarily suspend mining operations at the project. The world’s no.4 iron ore miner announced the suspension earlier in the day, […]

September 30, 2021 By Sophie Yu and Brenda Goh BEIJING (Reuters) – China’s Golden Week holiday this year is unlikely to see domestic travel rebound to pre-COVID levels, industry estimates show, hurt by uncertainty over pandemic curbs and consumer fears about the health of the economy. The seven-day holiday from Oct. 1 to mark the […]

Heyflow, a Hamburg, Germany-based startup touting ‘no code’ tools for easily building interactive “clickflows” to boost customer conversions, has bagged a $6 million seed. The round was led by Project A Ventures, with participation from Atlantic Labs and several unnamed angel investors. Heyflow competes with a growing number of no code/low code tools which aim […]

A coalition of app-based delivery and ride-hail companies like Uber, Lyft and DoorDash recently filed a ballot proposition in Massachusetts to continue classifying gig economy workers as independent contractors, rather than employees. If the measure makes it to the November 2022 ballot and passes, drivers could end up earning as little as a quarter of […]

Meesho has more than doubled its valuation in less than six months, to $4.9 billion, as a growing number of high-profile investors back the Indian social commerce startup that is reporting strong growth despite the pandemic. The Bangalore-headquartered firm said on Thursday it has raised $570 million in its Series F financing round, following a […]

September 30, 2021 By Alun John HONG KONG (Reuters) – Asian shares found some calm on Thursday following this week’s heavy China-driven losses although the dollar sat at a more than one-year high against major peers, upheld by lingering safe-haven demand and expectations for tighter U.S. monetary policy. MSCI’s broadest index of Asia-Pacific shares outside […]

September 30, 2021 By Anne Marie Roantree and Andrew Galbraith HONG KONG/SHANGHAI (Reuters) – Shares of debt-laden China Evergrande Group swung wildly on Thursday as the company looked set to miss its second bond interest payment in a week, as an additional $180 million in coupon deadlines loom in the next month. The company’s shares […]

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 […]

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, […]

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) […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]