LONDON, Jan 4 (Reuters) – The U.S. military’s ouster of Venezuelan President Nicolás Maduro is set to swiftly reroute the country’s oil exports back toward the United States – and away from China. That will give U.S. refiners an immediate boost, but President Donald Trump’s plans to revive production in the Latin American country may…
SHANGHAI, Jan 4 (Reuters) – South Korean President Lee Jae Myung began a state visit to China on Sunday, hoping to promote peace on the Korean Peninsula hours after rival North Korea launched ballistic missiles. The visit, Lee’s first to China since taking office in June, comes amid heightened global tensions after Pyongyang’s aggressive display,…
Jan 3 (Reuters) – Following are reactions to Saturday’s U.S. strikes on Venezuela. FRENCH PRESIDENT EMMANUEL MACRON “The transition to come must be peaceful, democratic, and respectful of the will of the Venezuelan people. We hope that President Edmundo González Urrutia, elected in 2024, will be able to ensure this transition as quickly as possible,”…
Stocks rise; Europe at record high again Precious metals rally shows no sign of stopping Dollar on the defensive; traders remain on yen intervention watch SINGAPORE/LONDON, Jan 2 (Reuters) – European stocks began 2026 at fresh record highs as investors braced for a year set to test the AI-led rally, usher in a change of…
China carrying out 10 hours of live-firing drills around Taiwan Chinese military rehearsing blockade of island’s north and south Taiwan watching if China fires missile over island, source says Taiwan says China is simulating strikes on U.S.-made weapons system TAIPEI/BEIJING, Dec 30 (Reuters) – China fired rockets toward Taiwan on Tuesday and deployed new amphibious…
Industrial profits fell 13.1% in November, biggest drop in 14 months Automotive and high-tech sectors show profit growth Weak domestic demand offsets strong exports; no new stimulus introduced BEIJING, Dec 27 (Reuters) – Profits at China’s industrial firms in November fell at their fastest pace in over a year, as weak domestic demand offset resilience…
China’s Li Qiang says global economy under pressure from tariffs Urges IMF, World Bank, WTO chiefs to act to protect free trade Analysts say China’s $1 trln trade surplus is driving tariff use Pressure on China to reform to boost share of global consumption BEIJING, Dec 9 (Reuters) – China’s Premier Li Qiang on Tuesday…
Nvidia shares rise 2% in after-hours trading after Trump’s announcement US has concerns over AI chips aiding China’s military Trump says same approach will apply to AMD, Intel WASHINGTON, Dec 8 (Reuters) – The United States will allow Nvidia’s (NVDA.O), opens new tab H200 processors, its second-best artificial intelligence chips, to be exported to China…
Exports top expectations as non-US shipments lead amid high US tariffs Imports underperform, pointing to still-subdued domestic demand PMI surveys suggest exporters face challenging 2026 BEIJING, Dec 8 (Reuters) – China’s exports topped forecasts in November, driven by a surge in shipments to non-U.S. markets as manufacturers deepen trade ties with the rest of the…
Prestige Construction had history of safety violations before winning renovation contract, documents show Wang Fuk Court residents wrongly told by consultant that Prestige had clean safety record Homeowners repeatedly complained about costs and fire safety after Prestige won contract, tried to revoke agreement Prestige and consultant Will Power now subjects of manslaughter and anti-corruption probes…