BoC Keeps Pace With December 50 Basis Point Rate Hike – Economists

BENGALURU, Dec 1 (Reuters) – The Bank of Canada will raise its key interest rate by another 50 basis points to 4.25% on Dec 7, according to a slim majority of economists in a Reuters poll suggesting the central bank should pause then on a nine-month tightening campaign. An economy that grew at a solid … Read more

Chinese cities are easing COVID sidewalks as the virus continues to spread

BEIJING, Dec. 2 (Reuters) – Some communities in Chinese cities where COVID-19 is still spreading are easing testing requirements and quarantine rules in anticipation of an expected shift in virus policies across the country following widespread social unrest. However, the uneven easing of COVID restrictions is fueling fears among some residents who suddenly feel more … Read more

China is set to ease COVID sidewalks after a week of historic protests

China allows home quarantine, stops mass testing – sources Top official says virus weakening serious Shift comes after series of demonstrations Largest demonstration of public resistance in a decade BEIJING, Dec. 1 (Reuters) – China will announce a relaxation of its COVID-19 quarantine protocols and a reduction in mass testing in the coming days, sources … Read more

COVID hits HIV detection in Europe, threatens eradication progress

LONDON, Nov. 30 (Reuters) – The number of people in Europe with undiagnosed HIV has risen as testing rates fell during the COVID-19 pandemic, jeopardizing a global goal to end the disease by 2030, according to a report. The joint report by the World Health Organization (WHO) and the European Center for Disease Prevention and … Read more

COVID protests escalate in Guangzhou as lockdown fury boils in China

SHANGHAI/BEIJING, Nov 30 (Reuters) – People in Guangzhou’s Chinese manufacturing center clashed with riot police in white safety gear on Tuesday evening, videos posted on social media showed, as frustration over strict COVID-19 rules escalated three years after the pandemic. The clashes in the southern city marked an escalation of protests in the commercial hub … 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

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

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