China's ruling Communist Party must keep pace with changing circumstances while safeguarding the advances it has made, President Xi Jinping said on Wednesday during celebrations for its 105th founding anniversary.Xi did not identify specific opportunities or risks in his 40-minute speech at Beijing…
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By Richard CowanAnti-establishment progressives racked up another good night in Democratic primary contests on Tuesday, toppling seasoned office-holders in Colorado as the party continues its internal battle over how far left it can go without ruining its prospects for taking control of the U.S. Co…
China stocks rose on Wednesday, encouraged by robust factory activity data and President Xi Jinping reiterating a promise of "high-quality development", even as concerns remain over the economy's uneven growth.** The large-cap index CSI300 SZSE:399300 gained 0.4% by the lunch break, while the Shang…
The Australian and New Zealand dollars skidded on Wednesday after a bruising month of losses, as markets wagered on near-term U.S. rate hikes while paring back expectations for tightening at home.Bond markets were also under pressure after U.S. Treasury yields spiked overnight as futures narrowed t…
French container shipping group CMA CGM is nearing a deal to buy FedEx's NYSE:FDX third-party logistics business for $1.4 billion in cash, the Financial Times reported on Wednesday, citing people familiar with the matter.
KKR PLOTS ENTRY INTO UK AND EUROPEAN PENSION BUYOUTS- FT
By Emily Ou YongIron ore futures fell on Wednesday as new European Union trade barriers on steel imports darkened the demand outlook, dragging steelmaking ingredients and steel benchmarks lower across the board.The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) C…
CMA CGM NEARS $1.4BN DEAL FOR FEDEX LOGISTICS UNIT- FT
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Indonesia's annual inflation rate accelerated to 3.34% in June from 3.08% the previous month, data showed on Wednesday, higher than the median forecast in a Reuters poll and moving closer to the top end of the central bank's target range.The poll had expected an inflation rate of 3.20%. Bank Indone…
The International Energy Agency has forecast U.S. based spending on power plants fuelled by coal and gas will reach $50 billion this year, more than China for the first time in decades, the Financial Times reported on Wednesday.
By Timothy GardnerCommonwealth Fusion Systems, a U.S. company attempting to generate electricity by replicating the process that fuels the stars, said on Wednesday it is joining a UK government program to demonstrate production of fuel for fusion reactors.
By Nell Mackenzie and Iain WithersThe majority of publicly traded business development companies (BDCs) — the visible part of the private credit market — have turned unprofitable due to falling asset values and rising costs, a Reuters analysis shows, in the latest sign of pressure building in this…
By Julie ZhuOman Air is looking to capitalise on the Gulf state's appeal as a largely untapped tourism destination as it launches flights from Muscat to Singapore on Thursday and considers an expansion to North Asia over the next year, its CEO said.The new nonstop Singapore service is underpinned b…
Indian shares opened marginally higher on Wednesday, helped by gains in auto stocks as June sales data trickled in, while lingering caution around a lack of progress in U.S.-Iran negotiations capped gains.The benchmark Nifty 50 NSE:NIFTY rose 0.22% to 23,919 and the BSE Sensex BSE:SENSEX edged 0.26…
By Miho Uranaka and Sam NusseyJapan's Kawasaki Heavy Industries TSE:7012 is finalising plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter.The company will decide on the detai…
Taiwan's Financial Supervisory Commission (FSC) has launched an on-site inspection of Cathay Financial Holding's TWSE:2882 fund arm, FSC chief Peng Jin-lung said at a parliament session on Wednesday.
By Mohi NarayanOil prices rose on Wednesday on concerns breakdowns in discussions between Iran and the U.S. for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.Brent futures ICEEUR:BRN1! rose 33 cents, or 0.45%, to $73.28 a barrel at 0339 GMT…
