U.S. carries out missile test delayed over Chinese drills

U.S. carries out missile test delayed over Chinese drills

WASHINGTON, Aug 16 (Reuters) – The United States military on Tuesday said it carried out a test of a Minuteman III intercontinental ballistic missile that had been delayed to avoid escalating tensions with Beijing during China’s show of force near Taiwan earlier this month. China deployed scores of planes and fired live missiles in the … Read more

Philips parts ways with CEO in midst of massive recall

Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm … Read more

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Exclusive: Tencent plans to divest Meituan stake worth  billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings … Read more

Cryptoverse: Electric ether leaps on verge of Merge

Cryptoverse: Electric ether leaps on verge of Merge

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, … Read more

Chinese military survey ship docks at Sri Lanka port

Chinese military survey ship docks at Sri Lanka port

COLOMBO, Aug 16 (Reuters) – The Chinese survey vessel Yuan Wang 5 docked on Tuesday at Sri Lanka’s Chinese-built port of Hambantota, a port official said, a move likely to stoke concern in neighbouring India about the growing influence of its bigger and more powerful rival. The movements of the ship have fuelled contention between … Read more

Tencent Music’s revenue beats view as more Chinese users pay for songs

Tencent Music’s revenue beats view as more Chinese users pay for songs

The logo of China’s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – China’s Tencent Music Entertainment Group (TME.N) bettered quarterly revenue estimates on Monday as a slate of original content … Read more

Angry China stages more drills near Taiwan as U.S. lawmakers visit

Angry China stages more drills near Taiwan as U.S. lawmakers visit

China stages drills near Taiwan as U.S. lawmakers visit China shows images of Taiwan’s strategic Penghu Islands Taiwan president: committed to maintaining stability BEIJING/TAIPEI, Aug 15 (Reuters) – China’s military said it carried out more exercises near Taiwan on Monday as a group of U.S. lawmakers visited the Chinese-claimed island and met President Tsai Ing-wen, … Read more

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing … Read more

Asia shares mixed, China cuts rates as data disappoints

Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures dip PBOC cuts key rates, China data badly miss forecasts Eyes on … Read more

China unexpectedly cuts 2 key rates, withdraws cash from banking system

China unexpectedly cuts 2 key rates, withdraws cash from banking system

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from … Read more