BMAT

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 …

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

Germany plans to toughen rules for companies heavily dependent on China

Germany plans to toughen rules for companies heavily dependent on China

BERLIN, Nov 19 (Reuters) – Germany’s foreign ministry plans to toughen rules for companies with high exposure to China, requiring them to disclose more information and possibly conduct stress tests for geopolitical risks, according to a confidential draft document viewed by Reuters. The proposed measures are part of a new trade strategy towards China drawn …

Germany plans to toughen rules for companies heavily dependent on China Read More »

Global debt levels rose 'significantly' in 2021, says World Bank president

Global debt levels rose ‘significantly’ in 2021, says World Bank president

WASHINGTON, Nov 12 (Reuters) – Debt levels for low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending from official bilateral creditors, World Bank President David Malpass said. emphasizing the need to reduce the debt. of the poorest countries. The World Bank’s annual report on global debt statistics, due out …

Global debt levels rose ‘significantly’ in 2021, says World Bank president Read More »

Philip Morris wins Swedish game after smokin' out the opposition

Philip Morris wins Swedish game after smokin’ out the opposition

PMI needs 90% stake for mandatory minority buyout PMI believes the goal can eventually be achieved PMI Says Swedish Match’s Top 10 Investors Tendered Stock Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to win 83% of Swedish Match (SWMA.ST), short of the 90% it wanted but enough to …

Philip Morris wins Swedish game after smokin’ out the opposition Read More »

Exxon's record third-quarter profit nearly matches Apple's

Exxon’s record third-quarter profit nearly matches Apple’s

Oil company smashes Wall Street forecast with $19.7 billion profit Exxon’s fossil fuel bets eclipse rivals Shell and TotalEnergies Company forecasts stable oil production this year on Russia’s losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) beat expectations on Friday as soaring energy prices generated record quarterly profit nearly matching that of tech …

Exxon’s record third-quarter profit nearly matches Apple’s Read More »

Scholz will use his trip to lobby Beijing on open markets and human rights

Scholz will use his trip to lobby Beijing on open markets and human rights

BEIJING, Oct 28 (Reuters) – German Chancellor Olaf Scholz will urge China to open its markets and raise human rights concerns next week in what will be the first visit by a German leader. European Union in China since the start of COVID-19. pandemic, Berlin said on Friday. Scholz will visit Nov. 4 at a …

Scholz will use his trip to lobby Beijing on open markets and human rights Read More »

Column: Metals markets brace for a different kind of slowdown: Andy Home

Column: Metals markets brace for a different kind of slowdown: Andy Home

LONDON, Oct 27 (Reuters) – The specter of recession hangs over London Metal Exchange (LME) Week festivities this year. The consensus of analysts is that the European manufacturing sector is already contracting and that the United States could well follow. Demand forecasts have been revised downwards. The International Lead and Zinc Study Group (ILZSG) now …

Column: Metals markets brace for a different kind of slowdown: Andy Home Read More »

Analysis: Poor countries at risk from elusive G-20 debt relief push

Analysis: Poor countries at risk from elusive G-20 debt relief push

LONDON/WASHINGTON, Oct 23 (Reuters) – The failure to secure meaningful progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington has frustrated policy makers, activists and investors. Two years ago, the Group of 20 launched the Common Framework – a mechanism designed …

Analysis: Poor countries at risk from elusive G-20 debt relief push Read More »