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Chinese military purge exposes weakness, could widen

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Chinese military purge exposes weakness, could widen

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

Philippines, China trade accusations over South China Sea collision

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Philippines, China trade accusations over South China Sea collision

An aerial view shows the BRP Sierra Madre on the contested Second Thomas Shoal, locally known as Ayungin, in the South China Sea, March 9, 2023./File Photo Acquire Licensing Rights Beijing, Dec 10 (Reuters) – The Philippines and China traded accusations on Sunday over a collision of their vessels in disputed waters of the South … Read more

Stocks hold firm as dollar dithers ahead of US data

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Stocks hold firm as dollar dithers ahead of US data

LONDON, Nov 28 (Reuters) – Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at three-month lows and supported gold above $2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in … Read more

Budget crisis shakes industry’s confidence in Germany

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Budget crisis shakes industry’s confidence in Germany

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

Philippines woos neighbours to craft code on South China Sea

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Philippines woos neighbours to craft code on South China Sea

[1/2]A Philippine supply boat sails near a Chinese Coast Guard ship during a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal/File Photo Acquire Licensing Rights Philippines approaches Malaysia, Vietnam on code South China Sea situation has become ‘more dire’ -Marcos Tension requires Philippines … Read more

Stocks, bonds in euphoric mood, but dollar takes a beating

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Stocks, bonds in euphoric mood, but dollar takes a beating

[1/2]A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. REUTERS/Staff/File Photo Acquire Licensing Rights Asian stock markets : Oil prices near four-month low after steep sell off Bonds rally as softer U.S. data hardens rate … Read more

Asia stocks jump as US inflation recedes, China data surprises

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Asia stocks jump as US inflation recedes, China data surprises

A woman walks past a man examining an electronic board showing Japan’s Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing Rights U.S. October CPI flat vs 0.1% rise expected Fed funds futures price in rate cuts by May JGBs surge as Japan economy contracts SINGAPORE, … Read more

Australia signs security, migration pact with Pacific’s Tuvalu

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Australia signs security, migration pact with Pacific’s Tuvalu

[1/2]A man riding a motorbike is seen reflected in a puddle of water in Funafuti, Tuvalu, August 13, 2019. AAP Image/Mick Tsikasvia via REUTERS Acquire Licensing Rights SYDNEY, Nov 10 (Reuters) – Australia announced on Friday a security guarantee to the Pacific Islands nation of Tuvalu to respond to military aggression, protect it from climate … Read more

For global banks, India could soon be worth it

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For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

US House Republicans eye stopgap funding measure to head off shutdown risk

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US House Republicans eye stopgap funding measure to head off shutdown risk

WASHINGTON, Oct 26 (Reuters) – Republicans in the U.S. House of Representatives on Thursday were debating their next move on how to avert a partial government shutdown next month, with one prominent lawmaker saying they needed to agree quickly on a “path forward.” Newly installed Speaker Mike Johnson was floating the possibility of extending funding … Read more