China is preparing to ease COVID restrictions further with markets encouraged to change course

New rules on the novel coronavirus across the country due Wednesday – sources The shift comes after large-scale demonstrations last month Yuan companies, global markets rise on China’s hopes HONG KONG/BEIJING (Reuters) – China is set to announce another easing of some of the world’s toughest coronavirus restrictions early on Wednesday, sources said, as investors … Read more

Inventories and oil boosted hopes of an easing of Chinese restrictions on the spread of the coronavirus

The Euro Stoxx 600 rose around 0.5% before giving up the floor Wall Street futures are rising Oil prices rebounded on China’s hopes, and talk of production cuts The dollar falls as investors seek riskier assets http://tmsnrt.rs/2yaDPgn LONDON (Reuters) – Stocks and oil rose on Tuesday, supported by hopes that public unrest in China would … Read more

The yuan is the new dollar as Russia makes a comeback

Russia resorts to the Chinese currency amid sanctions Moscow has become the No. 4 offshore trading center for the yuan The yuan’s share in the Russian forex market increased from 1% to 45% The Russian Central Bank supports the trend but warns of risks This content was produced in Russia where coverage of Russian military … Read more

Canada to enhance defense and cyber security in Indo-Pacific policy, focus on ‘disruptive’ China

OTTAWA (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining C$2.3 billion ($1.7 billion) in spending to boost military and cyber security in the region and pledging to deal with a “troubled” China. While working with her on climate change and trade issues. The plan, detailed in a 26-page document, said Canada would … Read more

China expands COVID restrictions, iPhone factory disruptions add to economic concerns

COVID restrictions have escalated as cases have risen Disruptions at the iPhone factory underscore industrial and social risks Analysts warn of the possibility of an expansion of the lockdown The resort city of Sanya imposes restrictions on the movement of newcomers BEIJING (Reuters) – Chinese cities imposed more restrictions on Wednesday to curb surging coronavirus … Read more

Beijing shuts down parks and museums as coronavirus cases rise in China

BEIJING (Reuters) – Beijing closed parks, malls and museums on Tuesday as more Chinese cities resumed mass testing for COVID-19 as authorities grappled with a rise in cases that deepened anxiety about the economy and dampened hopes of a speedy reopening. . China reported 28,127 new locally transmitted infections on Monday, close to its daily … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

G20 split over attempt to condemn Russia’s invasion of Ukraine

Most G20 members can strongly condemn the Ukraine war Zelensky urges G20 to help end war under his plan Indonesia urges action on global economic problems Xi will hold meetings with many other leaders NUSA DUA, Indonesia (Reuters) – Discord surfaced at the G20 summit on Tuesday, where the United States and its allies backed … Read more

China’s new rules on COVID are causing concern as some cities have suspended routine testing

Regular COVID testing is no longer required in many cities China eased various virus restrictions last Friday Communities worried about the spread of the virus under relaxed rules Major cities including Beijing reported record cases on November 13 BEIJING, November 14 (Reuters) – Several Chinese cities began halting routine COVID-19 testing on Monday, days after … Read more

After the Fed’s stock warning, China is working on real estate

Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden will meet with Xi at the G20 meeting SYDNEY/LONDON (Reuters) – Stock markets extended their rally last week in a more modest fashion on Monday after a top US central banker warned investors not to drift … Read more