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

China’s COVID infections hit a record as economic outlook worsens

China hit record high during the Shanghai outbreak in April Cabinet hints at reduction of reserve ratio requirement (RRR) Nomura cuts China’s GDP targets as lockdowns expand Chinese stocks fall, lagging rise in global stocks BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

China widens COVID sidewalks, Apple factory unrest adds to economic concerns

COVID restrictions are increasing as the number of cases increases iPhone factory unrest adds to economic concerns, highlights frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to curb rising coronavirus cases, heightening investor concerns about the economy as new unrest at the world’s … Read more

Asian stocks gain despite rising numbers of Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly upbeat on Wednesday, despite mounting cases of COVID-19 in mainland China, leaving investors unsure about the extent to which the new outbreaks will affect the reopening of the second-largest economy in the world could slow down. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) … Read more

Wall Street opened higher, but the US recession was priced in

US yield curve most inverted since 1981 MSCI world stock up 0.33%, eye drops weekly FTSE 100 hits two-month high Brent crude hits 4-week low LONDON, Nov 18 (Reuters) – US stock index futures rose on Friday, pointing to a higher open on Wall Street as investors process US Federal Reserve officials’ warnings about US … Read more

G20 summit deplores war in Ukraine ‘in the strongest terms’

G20 says ‘most members’ condemn war in Ukraine Threat of use of nuclear weapons ‘impermissible’ statement Agreement to calibrate monetary tightening NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) countries deplored Russian aggression in Ukraine “in the strongest terms” on Wednesday and demanded its unconditional withdrawal in a statement … Read more

Asian Stocks Shocked by Poland Explosion; dollar profits

HONG KONG, Nov 16 (Reuters) – Asian stocks fell and the dollar gained on Wednesday after an explosion in Poland that Ukrainian and Polish authorities say was caused by a Russian-made missile. Concerns about a potential increase in geopolitical tensions drove MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) down 1%. Australian stocks (.AXJO) … Read more

Division at G20 overbid to condemn Russian invasion of Ukraine

Most G20 members would strongly condemn the war in Ukraine Zelenskiy urges the G20 to help end the war according to his plan Indonesia urges action on global economic problems China’s Xi to hold meetings with several other leaders NUSA DUA, Indonesia, Nov 15 (Reuters) – A summit of the Group of 20 (G20) on … Read more

Biden and Xi meet ahead of G20

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping arrives on the Indonesian island of Bali on Monday for a much-anticipated meeting with US President Joe Biden ahead of a Group of 20 (G20) summit. tense over the Russian invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more