Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more
HONG KONG, Nov 28 (Reuters) – Protests against China’s strict zero-COVID policy and restrictions on freedoms have spread to at least a dozen cities around the world in a show of solidarity with rare displays of defiance in China over the weekend. Expatriate dissidents and students staged small-scale vigilantes and protests in cities around the … Read more
China announces record new local COVID cases Commodities sold off amid demand concerns Dollar slips against yen, Swiss franc NEW YORK/ LONDON, Nov 28 (Reuters) – US stocks tracked a decline in equities worldwide and oil was sold off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs fueled … Read more
E.Europe arms companies step up production for Ukraine Hope to find new markets as defense spends rise Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among big suppliers of military aid to Kyiv Industry’s history stretches from 1800s and through Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern Europe’s arms industry is churning … Read more
Fed minutes for November due at 1900 GMT US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares churned on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light … Read more
‘Most members’ of G20 condemn war in Ukraine – statement Threat of use of nuclear weapons ‘inadmissible’ Agreement to calibrate monetary tightening To pursue efforts to limit temperature rise to 1.5C NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” … Read more
Draft declaration: ‘Most’ G20 members condemn Ukraine war Ukraine’s Zelenskiy pushes his plan to end conflict Indonesia appeals for end to political polarization Inflation, debt, monetary policy also on the agenda US President Biden skips gala dinner on island of Bali NUSA DUA, Indonesia, Nov 15 (Reuters) – A Western-led push to condemn Russia’s invasion … Read more
Lavrov dismisses Associated Press report AP: Lavrov was treated for heart condition Bali governor: Lavrov had checks in hospital, in good health NUSA DUA, Indonesia, Nov 14 (Reuters) – Russian Foreign Minister Sergei Lavrov on Monday dismissed a news agency report that he had been taken to hospital with a heart condition, scolding Western journalists … Read more
Biden, Xi hold 3-hour Bali meeting ahead of G20 Both leaders stress need to get ties back on track Russia rejects reports of foreign minister’s hospitalization Indonesia seeking concrete progress on global economy at G20 Ukraine’s Zelenskiy due to address G20 on Tuesday NUSA DUA, Indonesia, Nov 14 (Reuters) – US President Joe Biden said … Read more
https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks … Read more