IN ASIA

Shanghai population to decline in 2022 after COVID lockdowns

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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

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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

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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’

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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

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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

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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

St. Louis joins other U.S. cities in suing Hyundai and Kia over car theft

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WASHINGTON, March 27 (Reuters) – The city of St. Louis, Missouri, said on Monday it is joining several major U.S. cities in suing Korean automakers Hyundai Motor ( 005380.KS ) and Kia Corp ( 000270.KS ). they fail to install anti-theft technology in millions of their vehicles. The lawsuit, filed in the U.S. District Court … Read more

Russia fired a supersonic anti-ship missile at a dummy target in the Sea of ​​Japan

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March 28 (Reuters) – Russia’s navy fired anti-submarine missiles at a dummy target in the Sea of ​​Japan, the Russian Defense Ministry said on Tuesday. “In the waters of the Sea of ​​Japan, Pacific Fleet missile ships fired Moskit cruise missiles at a mock enemy sea target,” it said in a statement on its Telegram … Read more

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

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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

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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