China says U.S. will ‘pay the price’ for diplomatic boycott of Olympics

China says U.S. will 'pay the price' for diplomatic boycott of Olympics

BEIJING, Dec 7 (Reuters) – The United States will have to “pay a price” for its diplomatic boycott of the Winter Olympics in Beijing, China said on Tuesday, just weeks after talks aimed at easing tense relations between the two sides.The White House said on Monday U.S. government officials would boycott the Winter Olympics because … Read more

U.S. & European stock futures rise, oil bounces

U.S. & European stock futures rise, oil bounces

An electronic stock quotation board is displayed inside a conference hall in Tokyo, Japan November 1, 2021. REUTERS/Issei KatoRegister now for FREE unlimited access to reuters.comRegisterAsian stock markets :Asia shares ease, but U.S. futures bounceU.S. CPI seen sealing case for early Fed taperLonger-term Treasuries give up some gainsOil bounces as Saudi Arabia raises its pricesSYDNEY, … Read more

New York exit: Didi bows to regulatory pressure for U.S. delisting

New York exit: Didi bows to regulatory pressure for U.S. delisting

HONG KONG, Dec 3 (Reuters) – Just five months after its debut, ride-hailing giant Didi Global (DIDI.N) said it plans to withdraw from the New York stock exchange and pursue a Hong Kong listing, a stunning volte-face as it bends to Chinese regulators angered by its U.S. IPO.Its shares plunged 9% in premarket trading, after … Read more

Global stocks wobble as Didi delisting revives U.S.-China worries

Global stocks wobble as Didi delisting revives U.S.-China worries

Passersby wearing protective face masks walk past an electronic board displaying world stock indexes, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan November 1, 2021. REUTERS/Issei KatoRegister now for FREE unlimited access to reuters.comRegisterSYDNEY, Dec 3 (Reuters) – Stocks fell on Friday after Chinese ride-hailing giant Didi said it would delist in New York, … Read more

China asks Didi to delist from U.S. on data security fears – Bloomberg News

China asks Didi to delist from U.S. on data security fears - Bloomberg News

SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported.China’s tech watchdog wants the management to take the company off the U.S. bourse on worries … Read more

Stocks slip, havens rally as new COVID-19 variant spooks investors

Stocks slip, havens rally as new COVID-19 variant spooks investors

Passersby wearing protective masks are reflected on an electronic board displaying stock prices outside a brokerage amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan, September 29, 2021. REUTERS/Issei KatoRegister now for FREE unlimited access to reuters.comRegisterSYDNEY, Nov 26 (Reuters) – Asian stocks suffered their sharpest drop in two months on Friday after the detection … Read more

Japan working on release of oil reserves after U.S. request – sources

Japan working on release of oil reserves after U.S. request - sources

A branch of Cosmo Energy Holdings’ Cosmo Oil service station is seen in Tokyo, Japan, December 17, 2015. Picture taken December 17, 2015. REUTERS/Yuya Shino/File PhotoRegister now for FREE unlimited access to reuters.comRegisterTOKYO, Nov 22 (Reuters) – Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in … Read more

India’s Paytm crashes in market debut, business model questioned

India's Paytm crashes in market debut, business model questioned

MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 25% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO.While there had been some expectations that Paytm’s market debut could underwhelm, the steep plunge on Thursday was astonishing.Shares … Read more

Asian shares tick up on China property relief, focus shifts to Sino-U.S. talks

Asian shares tick up on China property relief, focus shifts to Sino-U.S. talks

A woman wearing a protective mask, amid the COVID-19 outbreak, walks past an electronic board displaying Japan and other countries’ stock indexes outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-HoonHONG KONG, Nov 16 (Reuters) – Asian shares were mostly higher on Tuesday, as relief in China’s property sector supported sentiment while investors … Read more

Toshiba says it plans to split into three firms, rejects calls to go private

Toshiba says it plans to split into three firms, rejects calls to go private

The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-HoonTOKYO, Nov 12 (Reuters) – Japanese industrial conglomerate Toshiba Corp (6502.T) outlined plans on Friday to break up into three independent companies by spinning off two core businesses – its energy and infrastructure business as well as … Read more