The yuan’s the new dollar as Russia rides to the redback

The yuan’s the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov … Read more

BBC says Chinese police assaulted one of its journalists at Shanghai protest

BBC says Chinese police assaulted one of its journalists at Shanghai protest

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

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

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

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a “disruptive” China while working with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined C$2.6 billion ($1.9 billion) spending, including to boost Canada’s military presence and cyber security in the … Read more

NBA champion Golden State Warriors are sued over FTX collapse

NBA champion Golden State Warriors are sued over FTX collapse

Nov 21 (Reuters) – The Golden State Warriors were sued on Monday by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency exchange. Elliott Lam, a Canadian citizen and Hong Kong resident, filed his proposed class-action lawsuit in San Francisco federal court on behalf of “thousands, if … Read more

Qatar seals 27-year LNG deal with China as competition heats up

Qatar seals 27-year LNG deal with China as competition heats up

Talks with other Chinese, European buyers ongoing -Kaabi Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as … Read more

Younger Chinese are spurning factory jobs that power the economy

Younger Chinese are spurning factory jobs that power the economy

SHENZHEN, Nov 21 (Reuters) – Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province. For his father’s generation, factory work was a lifeline out of rural poverty. For Zhu, and … Read more

China says Xi was not criticizing Trudeau in meeting at G20

China says Xi was not criticizing Trudeau in meeting at G20

BEIJING, Nov 17 (Reuters) – China’s foreign ministry on Thursday said Chinese President Xi Jinping was not criticizing Canadian Prime Minister Justin Trudeau, a day after Xi was seen confronting him at the G20 summit over alleged leaks from a meeting they held. Chinese foreign ministry spokesperson Mao Ning told a regular media briefing that … Read more

Russia’s war on Ukraine latest news: Zelenskiy welcomes US-China statements on nuclear threats

Russia’s war on Ukraine latest news: Zelenskiy welcomes US-China statements on nuclear threats

Nov 15 (Reuters) – Ukrainian President Zelenskiy said he welcomed statements from the United States and China at meetings in Asia on the inadmissibility of threats to use nuclear weapons. * US President Biden and Chinese President Xi agreed that nuclear war must never be fought, according to the White House, and opposed the threat … Read more

Alameda, FTX executives knew crypto exchange was using customer funds – WSJ

Alameda, FTX executives knew crypto exchange was using customer funds – WSJ

Nov 12 (Reuters) – FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities, the Wall Street Journal reported on Saturday. Reuters reported Friday that FTX founder and former CEO Sam Bankman-Fried had secretly transferred … Read more

Taiwan belongs to Taiwanese, president says in fiery pre-election rebuff to China

Taiwan belongs to Taiwanese, president says in fiery pre-election rebuff to China

Taiwan president: our existence not a provocation to anyone China has been increasing military pressure on Taiwan Taiwan to hold local elections on Nov. 26 TAIPEI, Nov 12 (Reuters) – Taiwan President Tsai Ing-wen said on Saturday her mission in life was to ensure the island continued to belong to its people and that Taiwan’s … Read more