China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

China’s anti-lockdown protests rock stocks and oil

China announces record number of new local COVID cases Commodities were sold due to demand concerns Dollar Slips Against Yen, Swiss Franc NEW YORK/ LONDON, Nov 28 (Reuters) – U.S. stocks trailed a drop in global stocks and oil sold Monday as rare protests in major Chinese cities against the country’s strict zero-COVID restrictions fueled … Read more

The global oil market is signaling near-term weakness ahead of the EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about reduced crude oil demand and oversupply in the market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as China, the largest oil consumer, introduces … Read more

Dollar rises, yuan falls as China’s COVID turmoil shocks markets

SINGAPORE, Nov 28 (Reuters) – The dollar rallied on Monday as protests in China against the government’s anti-COVID policies caused investors to turn away from riskier assets and pushed the Chinese yuan to a more than two-week low against of the safe haven. dollars. Protests flared across China and spread to several cities in the … Read more

BBC says Chinese police attacked one of its journalists during the Shanghai protest

LONDON, Nov. 27 (Reuters) – The BBC said on Sunday that Chinese police attacked and detained one of its journalists covering a protest in Shanghai before later releasing him after several hours. “The BBC is deeply concerned about the treatment of our journalist Ed Lawrence, who was arrested and handcuffed while covering the protests in … Read more

Morning offer: crisis in China coming

Nov 28 (Reuters) – A look at the day ahead at Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people take to the streets in several … Read more

France’s Le Maire: Europe must defend its economic interests against the US subsidy package

PARIS, Nov 27 (Reuters) – France may try to negotiate some exemptions from the levies and limits imposed by the US anti-inflation law, but Europe must act to protect the bloc’s economic interests, said finance minister Bruno Le Maire Sunday. Le Maire will accompany French President Emmanuel Macron on a state visit to the United … Read more

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, pledging more resources to tackle “disruptive” China as it works with the world’s second-largest economy on climate change and trade issues. The 26-page document outlined spending of C$2.6 billion ($1.9 billion), including to bolster Canada’s military presence and cybersecurity in the region … Read more

Demonstrators in Shanghai, crowding police as anger over China’s COVID curbs mounts

Wave of civil disobedience, unprecedented under President Xi Increasing frustration with Xi’s zero-COVID policy An apartment fire in Urumqi killed 10 people last Thursday Vigils turn into protests in cities like Beijing, Shanghai Prestigious university students in Beijing protest SHANGHAI/BEIJING, Nov 27 (Reuters) – Hundreds of protesters in Shanghai shouted and thronged with police on … Read more

China’s industrial profits continue to fall as COVID woes take its toll on the economy

Jan-Oct industrial profit -3.0% yr/yr versus -2.3% in Jan-Sept Risks of domestic COVID outbreaks and global recession highlighted BEIJING, Nov 27 (Reuters) – Chinese industrial companies saw aggregate profits fall further in the January-October period as COVID-19 outbreaks flared and cities imposed new virus restrictions, including targeted lockdowns, dampening economic activity. Industrial profits fell 3.0% … Read more