Hong Kong court finds five guilty of sedition over sheep books | Political news

The five people will be sentenced on Saturday and face up to two years in prison for publishing books aimed at explaining the democratic movement to children. A Hong Kong court has convicted five speech therapists of sedition over a series of illustrated children’s books depicting the city’s pro-democracy supporters as sheep defending their village … Read more

Populous Chinese cities including Shenzhen speed up COVID restrictions

BEIJING, Aug 30 (Reuters) – Several major Chinese cities stepped up COVID-19 restrictions on Tuesday, with Shenzhen closing more businesses and Dalian locking down millions, renewing economic uncertainty and delaying the start of the school year for some. The new measures, which are expected to last only a few days for now, reflect China’s insistence … Read more

Stocks slide and dollar firm ahead of Jackson Hole conference

Fed sticks to hawkish tone – analysts U.S. Terminal Rate Expectations Rise, Dollar Gains New swings hit property stocks in China SINGAPORE, Aug 24 (Reuters) – Asian stock markets fell for an eighth consecutive session on Wednesday as investors worried about the scale of the problems in China’s property sector and braced for a hawkish … Read more

Eurozone slide into recession puts euro at 20-year low

PMI data bolsters European recession expectations Dollar leads after euro hits 20-year low, sterling slips Investors ask how hawkish the Fed will be in Jackson Hole Oil rebounds as Saudis talk production cuts US PMI expected just after Wall Street opens LONDON, Aug 23 (Reuters) – The contraction of the euro zone economy for a … Read more

Asia shares mixed shares, China cuts rates as data disappoints

FILE PHOTO – People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edge higher, S&P 500 futures plunge PBOC lowers key rates, Chinese data sorely lacking in forecasts Eyes … Read more

Five Chinese state-owned companies under US scrutiny will pull out of the New York Stock Exchange

SHANGHAI/HONG KONG/NEW YORK, Aug 12 (Reuters) – Five U.S.-listed Chinese state-owned companies whose audits are being scrutinized by the U.S. securities regulator said on Friday they would voluntarily withdraw from the New York stock exchange. The oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS)Aluminum Corporation of China (Chalco) (601600.SS)PetroChina (601857.SS) and a separate entity … Read more

China withdraws its promise not to send troops to Taiwan if it takes control of the island

Troops in military vehicles take part in the military parade marking the 70th anniversary of the founding of the People’s Republic of China, on its National Day in Beijing, China October 1, 2019. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register BEIJING, Aug 10 (Reuters) – China has withdrawn its promise not … Read more

EXCLUSIVE Tencent seeks to increase stake in ‘Assassin’s Creed’ maker Ubisoft – sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in the French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired … Read more

HSBC hangs up on Ping An break call, lifts payment and profit target

HSBC will return to paying quarterly dividends from 2023 Aims to attract investors with a higher profitability target Splitting up Asian companies carries huge risks London shares rise 6% LONDON/SINGAPORE, August 1 (Reuters) – HSBC (HSBA.L) rejected a proposal from major shareholder Ping An Insurance Group Co of China (601318.SS) to split the lender, a … Read more