Rattled by China, West scrambles to rejig critical minerals supply chains

By Amy Lv, Divya Rajagopal and Ernest Scheyder BEIJING/TORONTO/LONDON (Reuters) – China’s trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing’s curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of …

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Two critical online views on China’s economy vanish ahead of policy meeting

BEIJING (Reuters) – A bearish commentary by a prominent economist on China’s weak consumption, unemployment and “dispirited” youth that went viral on social media has vanished from the country’s tightly controlled internet. The loss of access to the comments by Gao Shanwen, chief economist at state-owned SDIC Securities, come ahead of a meeting of Chinese …

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Hong Kong court rejects activist’s bid for early release under new security law

By Jessie Pang HONG KONG (Reuters) – A Hong Kong court on Friday dismissed an appeal by an activist jailed for secession under a China-imposed security law to gain early release from prison. Ma Chun-man, convicted under the city’s 2020 national security law (NSL), is the first such NSL defendant to lodge a legal challenge …

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Rupee ends higher as cenbank holds rates but logs fifth straight weekly fall

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank kept policy rates unchanged but cut banks’ cash reserve ratio, effectively easing monetary conditions amid slowing economic growth. The rupee closed at 84.6875 against the U.S. dollar, up from its …

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Global equity funds see robust inflows as investors bet on growth, ignore political turmoil

(Reuters) – Global equity funds saw a notable rise in inflows in the week through Dec. 4, driven by a record-setting rally fueled by strong U.S. economic growth prospects and optimism about tech stocks, despite political turmoil in France and South Korea. Investors pumped a robust $21.8 billion into global equity funds during the week, …

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