BEIJING (Reuters) – Chinese President Xi Jinping will attend the 16th BRICS summit in Kazan, Russia, from Oct. 22 to 24, the Chinese foreign ministry said on Friday. During his visit, Xi will attend the leaders’ meeting, the expert leaders’ dialogues and other activities, and have in-depth exchanges with leaders on the current international situation, …
China’s President Xi to attend BRICS summit in Russia Read More »
BEIJING (Reuters) – Apple Inc’s new iPhones got off to a strong start in China, with their sales rising 20% in their first three weeks since their launch compared with its 2023 model, according to data from research firm Counterpoint. Both Apple and Huawei’s latest smartphones went on sale in China on Sept. 20, underscoring …
Apple’s new iPhone sales in China jump 20% in first 3 weeks, Counterpoint says Read More »
By Heekyong Yang, Hyunjoo Jin and Toby Sterling SEOUL (Reuters) – Samsung Electronics has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar with the matter said. Samsung has been also holding off on placing orders …
By Scott Murdoch and Julie Zhu SYDNEY (Reuters) – Drinks maker China Resources Beverage is set to raise $650 million from Hong Kong’s second largest initial public offering (IPO) this year, pricing it at the top of the range, two sources with direct knowledge of the matter said. The shares will be sold at the …
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan must focus on the economic impact of unstable markets and risks from overseas, Governor Kazuo Ueda said on Friday, suggesting the central bank was in no rush to raise interest rates further. Ueda said Japan’s economy was recovering moderately and likely to …
Bank of Japan chief warns of unstable markets, global uncertainties Read More »
By Sinead Cruise and Naomi Rovnick LONDON (Reuters) – Higher capital gains taxes (CGT) could give Britain’s risk-averse savers further cause to shun UK stocks, fund managers and advisers say, potentially damaging Britain’s economy more than a threatened exodus of tax-shy multi-millionaires. Speculation about Prime Minister Keir Starmer’s fiscal roadmap due on Oct. 30 has …
Analysis-Investor tax hikes may hurt UK plc more than the super-rich Read More »
NAIROBI (Reuters) – The Kenyan shilling was unchanged against the dollar on Friday and will likely remain at the same levels in the next week, one foreign exchange trader said. The East African currency traded at 128.50/129.50 against the dollar at 0700 GMT, LSEG data showed, the same as Thursday’s closing rate. The shilling has …
JAKARTA (Reuters) – Indonesian police and military started deploying at least 100,000 personnel across the capital Jakarta on Friday, officials said, as the country prepares for the inauguration of President-elect Prabowo Subianto this weekend. Former General Prabowo will be sworn in as Indonesia’s president on Sunday with Vice President-elect, Gibran Rakabuming Raka, the son of …
Indonesia ramps up security ahead of Prabowo’s inauguration Read More »
(Reuters) – British American Tobacco said on Friday a plan has been filed in a Canadian court to potentially resolve and settle its Canadian subsidiary’s tobacco litigation in the country, more than five years after the unit filed for bankruptcy protection. BAT’s unit Imperial Tobacco Canada (ITCAN) has been under a court supervised mediation process …
BAT says close to settling Canadian tobacco litigation Read More »
By Kevin Yao BEIJING (Reuters) – China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since …
China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus Read More »
