Tag Archives: ASXPAC

Chinese cities ease COVID restrictions as virus continues to spread

BEIJING, Dec 2 (Reuters) – Some communities in Chinese cities where COVID-19 is still spreading are easing testing requirements and quarantine rules ahead of an expected change in virus policies across the country following social unrest. widespread. The uneven relaxation of COVID restrictions is, however, fueling fear among some residents who suddenly feel more exposed… Read More »

Sam Bankman-Fried says he ‘never tried to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, founder and former CEO of now bankrupt cryptocurrency exchange FTX, tried to distance himself from suggestions of fraud in his first public appearance since his company’s collapse, which stunned investors. investors and left creditors facing billions of dollars in losses. Speaking via video link at the New… Read More »

China softens tone on severity of COVID after protests

BEIJING, Dec 1 (Reuters) – China is softening its tone on the severity of COVID-19 and easing some coronavirus restrictions even as the daily number of cases hovers near record highs after anger over the world’s tighter restrictions fueled protests across the country. Several cities in the world’s second-largest economy, while still reporting new infections,… Read More »

Hindu group holds rally for Adani port paralyzed by Indian fishing community

Adani port construction stalled for nearly four months Supporters say the port will bring jobs and investment Protesters say project is causing erosion VIZHINJAM, India, Nov 30 (Reuters) – Hundreds of a Hindu group marched on Wednesday in support of the construction of a $900 million port in southern India, chanting slogans against a local… Read More »

Excitement and defiance for Chinese youth at COVID ‘tipping point’ protests

HONG KONG/BEIJING, Nov 30 (Reuters) – When Yang, an office worker in Shanghai, saw video clips of a burning building in western China, a disaster in which 10 people died, she said she could not contain her anger because of Covid-19. -19 measures three years after the start of the pandemic. Watching a World Cup… Read More »

Morning Deal: Powell’s Point Presentation

Nov 30 (Reuters) – A next day look at Asian markets from Jamie McGeever. Federal Reserve Chairman Jerome Powell may set the market tone for the rest of the year on Wednesday when he addresses the US economic outlook and job market at an event in Washington. Given how well stocks have held up recently… Read More »

Hindu group to march for Adani port project in India amid Christian protests

Construction at Adani port stalled for nearly four months Police and protesters clashed on Sunday, leading to more security Protesters say they will continue VIZHINJAM, India, Nov 29 (Reuters) – A Hindu group close to India’s ruling party will march on Wednesday in support of a $900 million port project by the Adani Group that… Read More »

COVID protests ramp up in Guangzhou as China lockdown anger boils

SHANGHAI/BEIJING, Nov 30 (Reuters) – Residents of China’s industrial hub of Guangzhou clashed with white riot police dressed in hazardous materials late on Tuesday, videos on social media showed, as frustration with strict COVID-19 rules were overflowing, three years after the pandemic. The clashes in the southern city marked an escalation of protests in central… Read More »

Stocks fall as US oil gains on China hopes

Wall Street stocks, MSCI global index in red Oil prices rebound on China hopes Dollar advances little in unstable session 10-year US Treasury yields rise NEW YORK/LONDON, Nov 29 (Reuters) – Wall Street lost ground on Tuesday as investors awaited guidance on an interest rate hike from the Federal Reserve, while U.S. crude futures closed… Read More »

HSBC assesses dividend from $10 billion sale of Canada unit to RBC

Deal comes amid pressure from Chinese shareholder Analysts praise ‘sensible’ transaction Bank can return funds from the agreement to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). billion) in cash, paving the way for a potential… Read More »