News

September 29, 2021 By Alun John HONG KONG (Reuters) – Asian shares lost ground on Wednesday, tracking declines on Wall Street as investors fretted over economic uncertainties that caused a spike in U.S. benchmark bond yields and pushed the dollar to a more than 10-month high. Doubts are re-emerging over the global recovery at a […]

September 29, 2021 (Refiles to correct date on Taiwan announcement to earlier this month from Friday) (Reuters) – Analysts warn Asia may be sliding into an accelerating arms race as countries react to China’s military growth and tensions around North Korea’s weapons programmes linger. Here is a list of defence systems several Asian countries are […]

September 29, 2021 SANTIAGO (Reuters) – Chile’s lower congressional chamber on Tuesday approved a bill that would allow citizens to make a fourth withdrawal from their pension funds, and sent it to the Senate for a vote, despite opposition from the government. The initiative passed with 94 votes in favor, just one more than the […]

September 29, 2021 By Antoni Slodkowski (Reuters) – Japan’s ruling party votes for a new leader on Wednesday in an unusually unpredictable tussle that will essentially decide the next prime minister of the world’s third largest economy.     Four candidates are in the running to lead the Liberal Democratic Party, including the popular vaccine minister […]

September 29, 2021 By Bill Barreto GUATEMALA CITY (Reuters) – Residents of a Mayan community in Guatemala prevented experts on Tuesday from beginning to exhume the remains of more than 100 children believed to have been buried clandestinely in a former military garrison during the country’s civil war in the 1980s. The search efforts in […]

September 29, 2021 MELBOURNE (Reuters) – A group of six investors with a combined $4 trillion of assets under management, including Fidelity International, said on Wednesday it aims to step up engagement with big Asian companies like banks and energy producers to ensure they have a road map to meet climate change targets. Initial engagement […]

September 29, 2021 HONG KONG (Reuters) – Shares of embattled China Evergrande rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets. Evergrande missed a bond interest payment last week and has another coupon payment of $47.5 million […]

September 29, 2021 By Tom Westbrook SINGAPORE (Reuters) – The dollar traded near its highest levels of the year on Wednesday, after driving higher with U.S. yields and benefiting from investor nervousness about the Federal Reserve starting to withdraw policy support just as global growth headwinds gather. The dollar rose broadly overnight to lift the […]

September 29, 2021 SEOUL (Reuters) – Apple and Alphabet’s Google have been asked to turn in by mid-October compliance plans for a new South Korean law that bans major app store operators from forcing software developers to use their payment systems, a regulatory official said on Wednesday. Apple and Google did not have immediate comment. […]

September 29, 2021 HONG KONG (Reuters) -Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company as it scrambles to raise funds. After missing a bond interest payment last week, Evergrande faces a big […]

September 29, 2021 HONG KONG (Reuters) – Investors were bracing for potential market turbulence on Wednesday as a bond coupon payment for China Evergrande Group comes due, giving the embattled property developer its next test in public markets. Once the face of China’s frenzied building boom, Evergrande has now become the face of a crackdown […]

September 29, 2021 WASHINGTON (Reuters) – Two U.S. senators said on Tuesday a Facebook Inc whistleblower will testify at a Senate hearing next week about what one of them called the social media company’s “toxic effects” on young users. “This whistleblower’s testimony will be critical to understanding what Facebook knew about its platforms’ toxic effects […]

September 29, 2021 By Ana Isabel Martinez MEXICO CITY (Reuters) – Thousands of women demonstrated in several Latin American cities on Tuesday to commemorate the global day of action for access to safe and legal abortion, in a region where the procedure is fully permitted only in a handful of countries. In Mexico City, women […]

September 29, 2021 By Nick Carey LONDON (Reuters) – INEOS Automotive, a unit of chemicals and energy giant INEOS, will launch a rugged off-road vehicle in Europe in 2022 and North America in 2023 for farmers and other primarily rural uses, it said on Wednesday, The company plans initially to launch with a utilitarian version […]

September 29, 2021 By Fabian Cambero SANTIAGO (Reuters) – Chile’s lower Chamber of Deputies approved on Tuesday a plan to debate a bill that would expand the legal access for women to get abortions, despite opposition from the South American country’s center-right government. The lower house passed the motion with 75 votes in favor versus […]

September 29, 2021 By David Kirton GUANGZHOU, China (Reuters) -Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known by […]

September 28, 2021 By Anthony Boadle BRASILIA (Reuters) -A Brazilian hospital chain tested unproven drugs on elderly COVID-19 patients without their knowledge as part of an effort to validate President Jair Bolsonaro’s preferred ‘miracle cure,’ a lawyer for whistleblowing doctors told senators on Tuesday. At least nine people died of COVID-19 during the trials at […]

September 28, 2021 (Reuters) -Connecticut Sun forward Jonquel Jones said an “underdog” mentality helped propel her to the top of her sport, after being named the winner of the WNBA’s Most Valuable Player award on Tuesday. Jones won the award in her fifth WNBA season after she received 48 of 49 first-place votes and 487 […]

September 28, 2021 LONDON (Reuters) – People in Britain have reported a first worsening in their financial situation in more than a year as inflation pushes up the cost of living, a survey showed on Wednesday. The Household Finance Index published by Scottish Widows, an insurance and pensions firm, fell to 44.0 in the July-September […]

September 28, 2021 By David Kirton ZHUHAI, China (Reuters) -China touted its expanding military air power and hopes of capturing a growing share of its civil aviation market for domestic producers at a national air show inaugurated amid regional tensions over Taiwan and disruption from the pandemic. Typically held every other year in the southern […]