Shanghai population to decline in 2022 after COVID lockdowns

HONG KONG, March 29 (Reuters) – The population of China’s commercial capital Shanghai fell in 2022 for the first time in five years, official data showed, after authorities imposed strict COVID-19 lockdowns and more than 250,000 migrant workers left. Data released by the Shanghai Bureau of Statistics on Tuesday showed that the densely packed center … Read more

China threatens retaliation if the speaker of the US House of Representatives meets with the president of Taiwan

BEIJING/TAIPEI, March 29 (Reuters) – China on Wednesday threatened retaliation if U.S. House Speaker Kevin McCarthy meets with Taiwanese President Tsai Ing-wen during her planned transit to the United States next month, saying any such move would be a “provocation.” . China, which claims democratically-ruled Taiwan as its own territory, has repeatedly warned US officials … Read more

Alibaba breaks up empire into six units, seeks IPO

March 28 (Reuters) – Alibaba Group ( 9988.HK ) plans to split its business into six main units spanning e-commerce to the cloud in the biggest restructuring in its 24-year history, five of which it said are exploring fundraising or public offerings. . The six units are Cloud Intelligence Group, Taobao Tmall Commerce Group, Local … Read more

US regulator to sue leading crypto exchange Binance CEO for ‘deliberate circumvention’

The CFTC accuses Binance of “intentionally circumventing” federal law. Binance’s compliance was “ineffective” under CEO – CFTC The CFTC is referring to a practice reported by Reuters last year March 27 (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) on Monday sued the world’s largest cryptocurrency exchange Binance and its CEO and founder Changpeng … Read more

North Korea shows off new nuclear warheads as US aircraft carrier arrives in South Korea

SEOUL/BUSAN, March 28 (Reuters) – North Korea unveiled new, smaller nuclear warheads and vowed to produce more weapons-grade nuclear material to expand the country’s arsenal, KCNA said on Tuesday as a U.S. aircraft carrier arrived in South Korea. for military exercises. KCNA released images of the warheads, dubbed Hwasan-31, as leader Kim Jong Un visited … Read more

“We are all Chinese,” Taiwan’s former president says during a visit to China

NANJING, China, March 28 (Reuters) – People on both sides of the Taiwan Strait are ethnically Chinese and share a common ancestor, Taiwan’s former president Ma Ying-jeou said on Tuesday at the start of a historic visit to China that has drawn criticism from Taiwan’s ruling party. Ma, who served from 2008 to 2016, is … Read more

Stocks are rising, yields on US government bonds are rising as the fear of banks subsides

HONG KONG, March 28 (Reuters) – Global stocks and U.S. bond yields rose on Tuesday as a U.S. regulator-backed deal by First Citizens BancShares to buy failed Silicon Valley Bank calmed broader concerns about the industry’s troubles. MSCI’s broadest index of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) rose 0.3% in early morning Hong Kong … Read more

The US and Japan sign a trade agreement on minerals for electric vehicle batteries

WASHINGTON, March 28 (Reuters) – The United States and Japan announced a trade deal on minerals for electric vehicle batteries on Tuesday, key to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 U.S. electric vehicle tax credit. The quickly negotiated agreement prohibits the two countries from enacting bilateral … Read more

Taiwan told to pack up and leave Honduras after the break in relations

TEGUCIGALPA, March 27 (Reuters) – Taiwan must hand over its embassy in Honduras within 30 days, a senior Honduran official said on Monday, after President Xiomara Castro cut ties with Taiwan in favor of China to win more investment and jobs from Asians. giant. Deputy Foreign Minister Antonio Garcia issued the order on local television … Read more

China’s industrial profit slump deepens due to soft demand and high costs

China’s January-February industrial profits -22.9% y/y vs -4.0% in 2022 The recovery is far from stable, demand and cost problems continue BEIJING, March 27 (Reuters) – A slump in Chinese industrial profits deepened in the first two months of 2023, weighed down by weak demand and stubbornly high costs, as the world’s second-largest economy struggled … Read more