Reuters Asia - Squid Business

China opens ties with Honduras, Taiwan decries monetary demands

By Joe Cash, Gustavo Palencia and Ben Blanchard BEIJING/TEGUCIGALPA/TAIPEI (Reuters) -China established diplomatic ties with Honduras on Sunday after the Central American country ended its decades-long relationship with Taiwan, while Taiwan’s foreign minister accused Honduras of demanding exorbitant sums before being lured away by Beijing. The ending of ties with Taiwan had been expected after …

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Apple CEO praises China’s innovation, long history of cooperation on Beijing visit

SHANGHAI (Reuters) – Apple CEO Tim Cook on Saturday used his first public remarks on his visit to China to praise the country for its rapid innovation and its long ties with the U.S. iPhone maker, according to local media reports. Apple CEO Tim Cook on Saturday used his first public remarks in China in …

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Hong Kong police keep tight tabs on first authorised protest in years

By Jessie Pang HONG KONG (Reuters) -Hong Kong police on Sunday permitted a small protest march under tight restrictions in one of the first demonstrations to be approved since the enactment of a sweeping national security law in 2020. Several dozen demonstrators were required to wear numbered lanyards and were barred from wearing masks, as …

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Russia, China are not creating military alliance, Putin says

By Alexander Marrow MOSCOW (Reuters) -Russia and China are not creating a military alliance and the cooperation between their armed forces is “transparent”, President Vladimir Putin said in comments broadcast on Sunday, days after hosting Chinese leader Xi Jinping in the Kremlin. Putin and Xi professed friendship and pledged closer ties, including in the military …

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Japanese man detained in China is Astellas Pharma employee

TOKYO (Reuters) -A Japanese man detained in China is an employee of Astellas Pharma Inc, a company spokesperson told Reuters on Sunday. The company did not identify the employee and the spokesperson said it was not clear as to why he had been detained. The Japanese pharmaceutical company was seeking information through Japan’s foreign ministry, …

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India summons Canada High Commissioner, concerned over Sikh protesters

MUMBAI (Reuters) – India summoned Canada’s High Commissioner on Sunday to “convey strong concern” over Sikh protesters in Canada and how they were allowed to breach the security of India’s diplomatic mission and consulates. According to Canadian media reports, hundreds of protesters gathered in front of the Indian consulate in Vancouver on Saturday over demands …

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IMF says risks to financial stability have increased, calls for vigilance

BEIJING (Reuters) -International Monetary Fund chief Kristalina Georgieva said on Sunday that risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress. The IMF managing director reiterated her view that 2023 would be another challenging year, with global growth slowing to below 3% due to …

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Philippine minister says pause in rate rises likely at next bank meeting

MANILA (Reuters) – Philippines Finance Secretary Benjamin Diokno said on Sunday he believed that the central bank was leaning towards a pause in interest rate rises at its next monetary policy meeting scheduled for May. “Non-monetary measures to ease inflation could address the problem more effectively”, including those already adopted by fiscal authorities, Diokno said …

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Factbox-And then there were 13: Taiwan’s diplomatic allies

(Reuters) – Honduras has ended its decades-long relationship with Taiwan and said it only recognised China, leaving Taiwan with formal diplomatic relations with only 13 countries. China views democratically governed Taiwan as part of its territory with no right to state-to-state ties, a position Taiwan’s government strongly disputes. Over the years, China has slowly whittled …

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Elon Musk puts $20 billion value on Twitter – The Information

(Reuters) – Twitter Inc CEO Elon Musk has offered the social-media company’s employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff. The reported valuation is less than half of the $44 billion that Musk paid to acquire …

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