ASIA

Asian markets, crude drop following protests in China

Asian markets, crude drop following protests in China

FILE PHOTO: A logo of the Hong Kong Stock Exchange (HKEX) in Beijing, China September 4, 2020. (Reuters) Stocks and oil prices fell on Monday on concerns over protests across China calling for political freedoms and an end to the government’s sweeping zero-Covid policy, fueling uncertainty in the world’s second-largest economy. Hundreds of people took …

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Global oil market signals near-term weakness ahead of EU embargo on Russian oil

Global oil market signals near-term weakness ahead of EU embargo on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …

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Canada launches new Indo-Pacific strategy, focuses on 'disruptive' China

Canada launches new Indo-Pacific strategy, focuses on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, pledging more resources to deal with a “disruptive” China while working with the world’s second-largest economy on climate change and trade issues. . The 26-page document outlines spending of C$2.6 billion ($1.9 billion), including bolstering Canada’s military and cybersecurity presence in the …

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China's industrial profits fall further as COVID woes weigh on economy

China’s industrial profits fall further as COVID woes weigh on economy

Industrial profits from January to October -3.0% per year compared to -2.3% in January to September Risks from national COVID outbreaks and global recession flagged BEIJING, Nov 27 (Reuters) – Chinese industrial firms saw their overall profits decline further in the January-October period as COVID-19 outbreaks erupted and cities imposed new anti-corruption measures. viruses, including …

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Ukraine and partners launch $150m grain export plan to help vulnerable countries

Ukraine and partners launch $150m grain export plan to help vulnerable countries

International leaders attend the summit in person The summit coincides with the Stalin-era famine memorial The initiative adds to the UN export plan KYIV, Nov 26 (Reuters) – Ukrainian President Volodymyr Zelenskiy held a summit with allied nations in Kyiv on Saturday to launch a plan to export $150 million of grain to countries most …

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Analysis: Egypt not off the hook after IMF bailout deal

Analysis: Egypt not off the hook after IMF bailout deal

The Egyptian pound is trading at 8% discount on the black market October’s $3 billion IMF deal helps rally bond prices Little demand so far for Treasuries or FDI, analysts say Egypt must repay $33.9 billion in external debt until mid-2025 CAIRO/LONDON, Nov 25 (Reuters) – Egyptian finances remain in a precarious state despite two …

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Turkey in final-stage talks for up to $10 billion in funding from Qatar - sources

Turkey in final-stage talks for up to $10 billion in funding from Qatar – sources

ANKARA, Nov 25 (Reuters) – Turkey and Qatar are in the final stages of Doha talks to provide up to $10 billion in funding to Ankara, including up to $3 billion by the end of this year, two senior Turkish officials and another source told Reuters. One of the officials said the full funding could …

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