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China ‘purges’ 9 PLA generals, clampdown seen widening Upheaval weakens PLA, including in strategic rocket force More time needed to clean up corruption – analyst Problems may dissuade PLA from risking major clashes in near term BEIJING, Dec 30 (Reuters) – A sweeping purge of Chinese generals has weakened the People’s Liberation Army, exposing deep-rooted … Read more
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German Chancellor Olaf Scholz is flanked by Economy and Climate Minister Robert Habeck and Finance Minister Christian Lindner to comment on the ruling of Germany’s Constitutional court that the government’s re-location of 60 billion euros ($65 billion USD) of unused debt from the pandemic era to climate fund was illegal, in… Acquire Licensing Rights Read … Read more
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NEW YORK, Nov 22 (Reuters) – The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year’s presidential election and recession fears as likely to start weighing on markets. Since late October, the … Read more
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SHANGHAI/SINGAPORE, Nov 17 (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalising on rock-bottom yuan interest rates as funding costs elsewhere jump. Companies and banks are raising record amounts of cash through yuan bonds issued in mainland China and … Read more
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TOKYO/BEIJING, Nov 14 (Reuters) – If Japanese Prime Minister Fumio Kishida meets Chinese President Xi Jinping for the first time in a year later this week, he will likely raise the case of a detained company executive that has dealt an outsized blow to their close economic ties. The employee of drugmaker Astellas Pharma (4503.T), … Read more
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Maximalist stands hinder recovery of India-Canada ties Indian elections, Canada murder trial could be obstacles Diplomatic crisis to hurt people movement, Indian students NEW DELHI/OTTAWA, Nov 6 (Reuters) – Mending frayed diplomatic relations between India and Canada will be a long process after each side adopted maximalist positions, despite New Delhi’s surprise move to ease … Read more
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LONDON, Oct 22 (Reuters) – A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 … Read more
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A monitor displays stock market information on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights NEW YORK, Oct 19 (Reuters) – Companies pursuing U.S. initial public offerings (IPOs) after a string of lackluster stock market debuts are receiving … Read more
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[1/3]A Louis Vuitton logo is seen outside a store on the Champs-Elysees avenue in Paris, France, June 27, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing Rights LONDON/PARIS, Oct 9 (Reuters) – Europe’s luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their taste for the shares in the face of a Chinese … Read more
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Wall Street due to change to one day settlement in May Shorter time could increase competitiveness of EU markets Could be complex due to numbers of institutions involved LONDON, Oct 5 (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share trading, though it will … Read more