The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

Asian equities benefit from the Chinese real estate rally

https://tmsnrt.rs/2zpUAr4 China real estate stocks rise on policy support Dollar Stabilizes After Bounce, Euro From 5-Month High US crude oil jittery after 2021 low SYDNEY, Nov 29 (Reuters) – Asian stocks rose higher on Tuesday as Beijing’s latest move to support developers boosted the real estate sector, though it was still not clear what new … Read more

The global oil market is signaling near-term weakness ahead of the EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about reduced crude oil demand and oversupply in the market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as China, the largest oil consumer, introduces … Read more

Morning offer: crisis in China coming

Nov 28 (Reuters) – A look at the day ahead at Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people take to the streets in several … Read more

India’s first private rocket company aims to cut satellite costs

BENGALURU, Nov 26 (Reuters) – The startup behind India’s first private space launch plans to launch a satellite into orbit by 2023 and expects to be able to do so at half the cost of established launch companies, the founders said from Skyroot Aerospace to Reuters in an interview. The Hyderabad-based company, backed by Singapore’s … Read more

Adidas launches investigation into allegations of misconduct against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) said on Thursday it has launched an investigation into allegations of inappropriate behavior by Kanye West after the German sporting goods manufacturer ended its partnership with the rapper and fashion designer last month. Adidas said it initiated the investigation after receiving an anonymous letter containing several allegations against … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

Trump dismissed by New York fraud judge, trial date set

NEW YORK, Nov 22 (Reuters) – A New York judge has scheduled a trial in October 2023 against former US President Donald Trump, three of his adult children and the Trump Organization in a lawsuit brought by New York Attorney General Letitia James accusing them of fraudulently overvaluing the real estate company’s assets and Trump’s … Read more

Buildings damaged but no tsunami warning for Solomon Islands after 7.0 earthquake

SYDNEY, Nov. 22 (Reuters) – Authorities in the Solomon Islands said no tsunami warning would be issued following two powerful earthquakes on Tuesday, which damaged the Australian embassy, ​​airport and shopping malls and caused power outages in the capital Honiara. The first quake struck offshore at a depth of 15 km (9 mi), about 16 … Read more