A gas explosion at a coal mine in northern China on Friday was the result of the company involved having committed multiple serious safety violations, according to a preliminary investigation by Chinese authorities. The announcement was made around the same time the incident’s death toll was revised down from 90 to 82, with officials apologising…
Chinese regulators have required asset sales in past deals Concentration in copper, iron ore marketing could be among top concerns, analysts and lawyers say Rio Tinto had been exploring asset-for-equity swap with China’s Chinalco before Glencore talks announced BEIJING/MELBOURNE, Jan 16 (Reuters) – The proposed tie-up between Rio Tinto (RIO.L), opens new tab, (RIO.AX), opens…
Residents had raised concerns about fire hazards posed by ongoing renovation works HK authorities said last year that mesh used by contractors met fire safety standards, though police have since raised fresh suspicions Residents had also complained about use of foam insulation and workers smoking near scaffolding HONG KONG/BEIJING/SINGAPORE, Nov 28 (Reuters) – Residents of…
FTSE 100, FTSE 250 log weekly losses Reeves is expected to raise taxes next week ASOS shares drop on lower profit forecast Nov 21 (Reuters) – London’s FTSE 100 recovered ground on Friday, trimming earlier losses as increased expectations for Federal Reserve interest rate cuts improved global market sentiment, while investors now await next week’s…
FTSE 100, FTSE 250 fall over 1% Banks decline for second straight session Ocado slumps as US partner Kroger closes robotic warehouses Imperial Brands rises after beating profit forecast Nov 18 (Reuters) – London stocks fell on Tuesday with financials extending losses, while global markets remained wary as fading hopes of a Federal Reserve interest…
US jobs, Nvidia earnings headline week ahead Japan economy contracts on US tariff hit; Nikkei flat Dollar up slightly vs euro SINGAPORE, Nov 17 (Reuters) – Asia’s stock markets struck a cautious tone on Monday as traders looked ahead to a week of corporate earnings and catch-up U.S. data, with the focus on the interest…
WASHINGTON, Nov 16 (Reuters) – A rare earths deal between the U.S. and China will “hopefully” be done by Thanksgiving, Treasury Secretary Scott Bessent said in remarks that aired on Sunday. Bessent’s comments follow a framework agreement announced last month in which Washington agreed not to impose 100% tariffs on Chinese imports and China would…
Q3 net loss widens to $365 million from $323 million a year ago Revenue jumps 36% in Q3, but tariffs and costs hit margins Shares drop as much as 17% Nov 12 (Reuters) – Polestar reported a wider third-quarter loss on Wednesday and said it would conduct a reverse stock split – reducing the number…
Nov 1 (Reuters) – The White House on Saturday released details about the agreement that U.S. President Donald Trump reached this week with Chinese President Xi Jinping to de-escalate their countries’ trade war, including U.S. tariff reductions and a pause in Beijing’s new restrictions on rare earth minerals and magnets. The deal, which also includes…
ABOARD AIR FORCE ONE, Oct 30 (Reuters) – U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods related to fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea. Xi will work “very hard to stop the flow” of fentanyl,…