Wall St stocks fall, oil rises as China drops quarantine rule

Wall St stocks fall, oil rises as China drops quarantine rule

NEW YORK/LONDON, Dec 27 (Reuters) – Wall Street’s benchmark S&P 500 and the Nasdaq fell on Tuesday after the release of U.S. economic data, while oil prices rose after China said it would scrap its COVID-19 quarantine rule for inbound travellers, which was seen as a major step in reopening its borders. U.S. Treasury yields … Read more

Taiwan to extend conscription to one year, citing rising China threat

Taiwan to extend conscription to one year, citing rising China threat

Taiwan to extend military service to one year from four months President cites rising threat from China President says we choose democracy over dictatorship China held mass air force drills near Taiwan on Sunday TAIPEI, Dec 27 (Reuters) – Taiwan will extend compulsory military service to one year from four months from 2024 due to … Read more

North Korea slams Japan’s military buildup, vows counteraction

North Korea slams Japan’s military buildup, vows counteraction

SEOUL, Dec 20 (Reuters) – North Korea on Tuesday condemned Japan’s planned military buildup outlined Tokyo’s new security strategy, vowing to show with action how dangerous it is, state media said. The remarks by a spokesperson of Pyongyang’s foreign ministry came days after Japan unveiled its biggest military build-up since World War Two as regional … Read more

Pacifist Japan unveils biggest military build-up since World War Two

Pacifist Japan unveils biggest military build-up since World War Two

TOKYO, Dec 16 (Reuters) – Japan on Friday unveiled its biggest military build-up since World War Two with a $320 billion plan that will buy missiles capable of striking China and ready it for sustained conflict, as regional tensions and Russia’s Ukraine invasion stoke war fears. The sweeping, five-year plan, once unthinkable in pacifist Japan, … Read more

German car giants and Asian battery kings: a match made in Hungary

German car giants and Asian battery kings: a match made in Hungary

German, Chinese and S.Koreans head to Hungary They dominate auto investment and subsidies Orban’s Hungary keen to court foreign business BERLIN/BUDAPEST, Dec 13 (Reuters) – German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions. The companies are flocking to central Europe, where … Read more

Global shares ease as central bank rate hikes loom

Global shares ease as central bank rate hikes loom

Crude oil prices ease Dollar little changed U.S. CPI on Tuesday, Fed meeting on Wednesday ECB, BOE rate decisions on Thursday LONDON, Dec 12 (Reuters) – Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto … Read more

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Albertsons’ $4 Billion Dividend Payout Remains Blocked

Kroger is the top U.S. supermarket operator by sales. Photo: elijah nouvelage/Agence France-Presse/Getty Images Updated Dec. 10, 2022 3:16 pm ET A Washington state judge on Friday extended a temporary restraining order blocking a $4 billion dividend that Albertsons ACI -0.88% Cos. planned to pay its shareholders amid its plans to be bought by Kroger … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

South Korea scrambles jets as China, Russia warplanes enter air defence zone

South Korea scrambles jets as China, Russia warplanes enter air defence zone

SEOUL, Nov 30 (Reuters) – South Korea’s military said it scrambled fighter jets as two Chinese and six Russian warplanes entered its air defence zone on Wednesday. The two Chinese H-6 bombers repeatedly entered and left the Korea Air Defence Identification Zone (KADIZ) off South Korea’s southern and northeast coasts starting at around 5:50 a.m. … Read more

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Euro STOXX 600 gains around 0.5% before giving up ground Wall Street futures up Oil prices rebound on China hopes, talk of output cuts Dollar falls as investors seek riskier assets http://tmsnrt.rs/2yaDPgn LONDON, Nov 29 (Reuters) – Stocks and oil gained on Tuesday, buoyed by hopes that public unrest in China could spark an earlier … Read more