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☆ Apple's quarter eases concerns about mobile device demand, with a China sales beat to boot
▼ + stars: | 2023-05-04 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Revenue in Apple's fiscal second quarter of $94.84 billion dropped 3% year-over-year but beat expectations of $92.96 billion. Bottom line Apple bounced back nicely from the supply-constrained December quarter to deliver record March quarter results across a few key categories and metrics. It's hard to tell if Apple's results were enough to send shares in the near term back to all-time highs of about $176 each, set back in August. In its March quarter, Apple returned $23 billion via the repurchase of 129 million shares valued at $19.1 billion and $3.7 billion in dividends. For the current June quarter, Apple expects year-over-year revenue performance to be similar to the March quarter result, assuming no worsening macro outlook.

☆ McDonald's earnings beat estimates as U.S. traffic grows despite price hikes
▼ + stars: | 2023-04-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

All three of its divisions reported same-store sales growth of 12.6%. In its home market, higher menu prices and increased traffic fueled same-store sales growth, which topped StreetAccount estimates of 7.9%. McDonald's U.S. traffic rose for the third consecutive quarter, bucking the industry trend of slipping traffic as menu prices rise. Its international operated markets, which include the United Kingdom, France, Germany and Australia, beat StreetAccount estimates of 8.5% same-store sales growth. Its international developmental licensed markets segment, which includes China and Japan, topped same-store sales expectations of 10.5%.

☆ Morning Bid: Purchasing managers of the world, diverge
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

Softening second-tier data in the U.S. on Thursday put a bid under bonds for the first time in a few weeks, while bitcoin was clobbered. Purchasing manager's index data are the next set of economic figures due as market focus flings back on growth. British (GBPMMF=ECI) and euro zone (EUPMMF=ECI) manufacturing surveys are seen stuck in contraction territory. European and British services PMIs are seen steady and staying in expansion mode. British retail sales are expected to fall, adding up to a somewhat confounding picture.

☆ Bearish bets on Asian FX return on renewed woes over Fed rate hikes - Reuters poll
▼ + stars: | 2023-02-23 | by ( Tejaswi Marthi | ) www.reuters.com time to read: +3 min

[1/4] A Singapore dollar note is seen in this illustration photo May 31, 2017. However, recent comments from the Fed about hiking rates for longer dampened sentiment. They turned bearish on the Thai baht , Asia's best-performing currency this year, the Singapore dollar and the Malaysian ringgit for the first time in three months. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3. The survey findings are provided below (positions in U.S. dollar versus each currency):Reporting by Tejaswi Marthi in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Blinken Trip to China Postponed After Spy Balloon Spotted Over U.S.
▼ + stars: | 2023-02-03 | by ( Vivian Salama | ) www.wsj.com time to read: 1 min

WASHINGTON—The State Department has indefinitely postponed Secretary of State Antony Blinken’s trip to Beijing after what U.S. officials identified as a Chinese reconnaissance balloon was detected loitering above the continental U.S., a U.S. official said. U.S. officials on Thursday said the craft was loitering over Montana having earlier crossed Alaska’s Aleutian Islands and Canada. The Pentagon scrambled jets and at one point considered shooting down the balloon, the officials said, though didn’t over concerns that the debris posed a risk to people on the ground.

WASHINGTON—The Biden administration said that a suspected Chinese reconnaissance balloon drifting over the continental U.S. violated American sovereignty, and indefinitely postponed a scheduled visit to Beijing by Secretary of State Antony Blinken aimed at easing the acrimony in the nations’ relationship. Officials pulled the plug on the trip hours before Mr. Blinken was set to depart, underscoring the enormous challenges of finding areas of constructive cooperation, even as both capitals reiterated on Friday their commitment to reviving talks at a later date.

☆ Oil mixed amid weak China economic data, sustained hopes for 2023
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: +2 min

An aerial view of Phillips 66 oil refinery in the United States. There was no settlement on Monday due to the United States having a holiday for Martin Luther King Day. The poor economic data still beat analysts' earlier forecasts as Beijing's roll back of its zero-Covid policy in December shored up consumption. But Peng warned that China still faced considerable headwinds, including likely recessions in the United States and Europe this year. A rise in the dollar off seven-month lows also put pressure on oil prices, as a stronger greenback makes oil more expensive for those holding other currencies.

☆ China's exports, imports shrink again in Dec on weakening global demand
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +4 min

SummarySummary Companies China's Dec exports worst since Feb 2020, slightly better than forecastImports tumble by smaller margin amid lacklustre demandDomestic demand should slowly recover after zero-COVID scrappedExport outlook gloomy in 2023, major threat to China's growthBEIJING, Jan 13 (Reuters) - China's exports shrank sharply in December as global demand cooled, missing their typical year-end bounce, while imports tumbled again as surging COVID-19 infections and a property downturn weighed heavily on domestic demand. WEAK GLOBAL DEMAND COULD TEMPER ECONOMIC RECOVERYChina's commerce ministry said on Thursday that slowing external demand and the rising risks of a global recession are posing the biggest pressures to the country's trade stabilisation, leaving "arduous tasks." REBOUNDAnalysts polled by Reuters expect China's economic growth to rebound to 4.9% in 2023, before steadying in 2024, a Reuters poll showed. Jin Chaofeng, whose company in the east coast city of Hangzhou exports outdoor rattan furniture, said he has no market expansion or hiring plans for 2023 as he remains cautious about the global demand outlook. "With the lifting of COVID curbs, domestic demand is expected to improve but not for exports...," he said.

South Korea on Tuesday hit back at claims that its Covid rules for Chinese travelers are "discriminatory," saying more than half of its imported cases are coming from China. Citing South Korea's proximity to China, Choi said a surge in infections in China could put South Korea at risk. But South Korea and Japan — two top destinations for Chinese travelers — said they are not increasing flights in response to China's border reopening. China's embassies in South Korea and Japan announced Tuesday that they would stop issuing visas to "Korean nationals" and "Japanese citizens." Choi said South Korea's new Covid travel restrictions are "only temporary" and were made to "place the highest priority on the health and safety of people residing in South Korea."

☆ Stocks rally sputters as growth fears deepen
▼ + stars: | 2022-12-07 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

"We might be transitioning from a situation of worrying about inflation and interest rates, to one where the negatives become weakening growth and falling profits." The growth fears rallied longer-dated bonds and helped the safe-haven U.S. dollar to pause its recent retreat. That is more than 80 bps below the two-year yield as investors reckon on high rates hurting growth. The Australian dollar was broadly steady at $0.6696 despite Australian third-quarter growth coming in a bit below forecasts. The Canadian dollar hovered at 1.3644 per dollar ahead of an expected rate hike from the Bank of Canada later on Wednesday.

☆ China's Nov exports and imports shrink further, worse than forecasts
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Dec 7 (Reuters) - China's exports in November contracted 8.7% from a year earlier, while imports tumbled 10.6%, both missing expectations by large margins, customs data showed on Wednesday. Analysts in a Reuters poll had expected exports to shrink 3.5% after a 0.3% loss in October due to cooling global demand. Imports were forecast to have contracted by an even larger 6.0% from a 0.7% fall in October, hurt by sluggish consumption at home amid widespread COVID-19 restrictions and a protracted property slump. China posted a trade surplus of $69.84 billion in November, compared with a forecast $78.1 billion surplus in the poll and a $85.15 billion surplus in October. Reporting by Ellen Zhang and Ryan Woo Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Covid protests escalate in Guangzhou as China lockdown anger boils
▼ + stars: | 2022-11-30 | by ( ) www.nbcnews.com time to read: +6 min

TwitterSocial media posts said the clashes took place on Tuesday night and were caused by a dispute over lockdown curbs. China Dissent Monitor, run by U.S. government-funded Freedom House, estimated at least 27 demonstrations took place across China from Saturday to Monday. In Zhengzhou, the site of a big Foxconn factory making Apple iPhones that has been the scene of worker unrest over Covid, officials announced the “orderly” resumption of businesses, including supermarkets, gyms and restaurants. Data on Wednesday showed China’s manufacturing and services activity for November posting the lowest readings since Shanghai’s two-month lockdown began in April. Chinese stocks were steady, with markets weighing endemic economic weakness against hopes that the public pressure could push China to eventually reopen.

[1/6] Police arrive at a protest against coronavirus disease (COVID-19) restrictions after a vigil for the victims of a fire in Urumqi, as outbreaks of COVID-19 continue, in Beijing, China, November 28, 2022. Social media posts said the clashes took place on Tuesday night and were caused by a dispute over lockdown curbs. In Zhengzhou, the site of a vast Foxconn factory making Apple iPhones that has been the scene of worker unrest over COVID, officials announced the "orderly" resumption of businesses, including supermarkets, gyms and restaurants. White House national security spokesperson John Kirby said on Tuesday that protesters in China should not be physically harmed or intimidated. The head of the International Monetary Fund Kristalina Georgieva flagged a possible downgrade in the fund's economic growth forecasts for China.

☆ China records drop in new daily COVID cases for Nov. 28
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

On Monday, China posted a record daily high of 40,347 cases – 3,822 symptomatic and 36,525 asymptomatic infections, which China counts separately. As of Nov. 28, mainland China had confirmed a total of 315,248 COVID cases with symptoms. On Monday, China's capital Beijing reported 957 symptomatic and 3,429 asymptomatic cases, compared with 840 symptomatic and 3,048 asymptomatic cases the previous day, local government data showed. Financial hub Shanghai reported 20 symptomatic cases and 158 asymptomatic cases, compared with 16 symptomatic cases and 128 asymptomatic cases a day before, the local health authority reported. Chongqing reported 209 new symptomatic locally transmitted COVID-19 infections and 8,583 asymptomatic cases, compared with 238 symptomatic and 9,447 asymptomatic cases the previous day, local government authorities said.

☆ China COVID cases hit fresh record high after weekend of protests
▼ + stars: | 2022-11-28 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +4 min

REUTERS/Thomas PeterBEIJING, Nov 28 (Reuters) - China posted another record high COVID-19 infections on Monday, after an extraordinary weekend of protests across the country over restrictive coronavirus curbs, in scenes unprecedented since President Xi Jinping assumed power a decade ago. The deadly fire fuelled speculation that COVID curbs in the city, parts of which had been under lockdown for 100 days, had hindered rescue and escape, which city officials denied. China has stuck with Xi's zero-COVID policy even as much of the world has lifted most restrictions. China on Monday reported a fifth straight daily record of new local cases of 40,052, up from 39,506 a day earlier. Reporting by Martin Pollard; Writing by Tony Munroe and Brenda Goh; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ China's COVID protests weigh on European shares
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 index (.STOXX) slipped 0.5%, tracking a sharp decline in Asian stocks. China posted record-high COVID-19 infections on Monday, after a weekend of protests, raising worries about the management of the country's zero-COVID policy and its impact on the world's second-largest economy. Other European sectors exposed to China, including automakers (.SXAP) and luxury, also fell in morning trade. European Central Bank chief Christine Lagarde will testify before the European parliament later in the day. Shares of Adler Group (ADJ.DE) surged 61.5% after the German property firm secured a deal with bondholders over $971 million debt.

☆ China locks down major iPhone making city as Covid cases jump to a record high, sparking concerns that lockdowns could stretch beyond 2023
▼ + stars: | 2022-11-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China posted a record number of daily Covid cases on Wednesday, amid a surge in the Omicron strain. It stepped up lockdowns in affected areas such as Zhengzhou, home to the world's largest iPhone plant. The restrictions come amid a surge of COVID-19 infections in China. China reported a record high 31,444 local infections for Wednesday, including asymptomatic cases, according to the country's National Health Commission. Despite the surge in COVID-19 infections in China, the Chinese and Hong Kong markets are flat at midday on Thursday.

☆ Trump's White House blocked government websites aimed at helping Americans vote, fighting human trafficking, easing homelessness, and stopping fraud, federal records show
▼ + stars: | 2022-11-20 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +13 min

Federal agencies asked the Trump White House to approve dozens of new ".gov" websites. Such custom ".gov" website domains enhance government agencies' ability to effectively provide and market services to an American public that's all but universally connected to the internet. On December 23, 2019, the CIA asked Trump's White House to approve the website domain DataTransport.gov. Chiu/APBlock and delayIn at least one case, Trump's White House denied a website request — the United States Agency for International Development-sponsored ProsperAfrica.gov — that Biden's White House later approved. In March 2021, Office Management and Budget officials denied Insider's FOIA request, stating that "no responsive records were located."

☆ COP27 climate talks seen as key to success at next month's U.N. nature summit
▼ + stars: | 2022-11-16 | by ( Gloria Dickie | ) www.reuters.com time to read: +5 min

"Climate change is one of the big drivers of biodiversity loss," said David Cooper, the deputy chief of U.N.'s Convention on Biological Diversity. "If we don't have successful outcomes in the climate process, then we cannot halt biodiversity loss," Cooper said. "You cannot have a dream of coping with climate change only through the emissions," Virginijus Sinkevičiu, European Commissioner for Environment, Oceans and Fisheries, told Reuters. "If ecosystems are not able to cope, you don't have a success story" in fighting climate change. President Xi Jinping has not attended the climate talks in Sharm el-Sheikh and is also not expected to attend COP15.

☆ China's Oct exports and imports contract, missing expectations
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 7 (Reuters) - China's exports in October dropped 0.3% from a year earlier, while imports shrank 0.7%, both missing expectations, customs data showed on Monday. Analysts in a Reuters poll had expected exports to increase 4.3% after a 5.7% rise in September due to softening external demand. China posted a trade surplus of $85.15 billion last month, versus a forecast for a $95.95 billion surplus in the poll. The country reported a $84.74 billion surplus in September. Reporting by Ellen Zhang and Ryan Woo; Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ China posts 6-month high COVID count as it sticks with strategy
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +3 min

At a news conference on Saturday, health officials reiterated their commitment to the "dynamic-clearing" approach to COVID cases as soon as they emerge. China's anti-COVID measures are "completely correct, as well as the most economical and effective", said disease control official Hu Xiang. China's capital Beijing reported 43 symptomatic and six asymptomatic cases, compared with 37 symptomatic and five asymptomatic cases the previous day. Still, the annual Beijing marathon took place on Sunday morning under strict COVID protocols, after being cancelled the previous two years. Reporting by Ella Cao and Tony Munroe; Editing by Michael Perry and William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ China posts 6-month high Covid count as it sticks with strategy
▼ + stars: | 2022-11-06 | by ( ) www.cnbc.com time to read: +2 min

China recorded 4,420 new locally transmitted Covid-19 infections on Saturday, the National Health Commission said, the most since May 6 and compared up from 3,659 new local cases a day earlier. At a news conference on Saturday, health officials reiterated their commitment to the "dynamic-clearing" approach to Covid cases as soon as they emerge. China's anti-Covid measures are "completely correct, as well as the most economical and effective", said disease control official Hu Xiang. China's capital Beijing reported 43 symptomatic and six asymptomatic cases, compared with 37 symptomatic and five asymptomatic cases the previous day. Still, the annual Beijing marathon took place on Sunday morning under strict Covid protocols, after being cancelled the previous two years.

☆ European shares dip as commodity stocks weigh ahead of inflation data
▼ + stars: | 2022-10-31 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +2 min

The STOXX 600 index (.STOXX) had slipped 0.1% by 0925 GMT after closing higher on Friday, with miners (.SXPP) down 0.1% while energy stocks (.SXEP) fell 0.2%. Meanwhile, euro zone inflation is seen hitting a record 10.2% in October, in what will likely make for yet another uncomfortable reading for the European Central Bank (ECB), which is targeting a 2% price growth. Among individual stocks, Credit Suisse (CSGN.S) rose 2.5% as it unveiled details of its plan to raise 4 billion francs ($4.01 billion) from investors. Fresenius Medical Care (FMC) (FMEG.DE) jumped 4.4% after the German dialysis provider on Sunday reported third-quarter earnings above market expectations. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Dhanya Ann Thoppil and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Omicron subvariants pose a new threat to people with immune deficiencies
▼ + stars: | 2022-10-23 | by ( Benjamin Ryan | ) www.nbcnews.com time to read: +7 min

Troubling recent reports reveal the emergence of new omicron subvariants that not only evade AstraZeneca’s Evusheld, the antibody drug authorized to prevent Covid infection, but also the sole antibody drug that has retained effectiveness as treatment for Covid, Eli Lilly’s bebtelovimab. Doctors have cautioned that should Laura get Covid, this could aggravate her autoimmune disease and lead to catastrophic kidney damage. Evusheld is a long-acting antibody injection given every six months that studies have suggested provides a robust buffer to the immunosuppressed. For now, immunocompromised people are anxiously watching the pandemic forecast to see if the subvariants that research indicates evade monoclonal antibodies will become predominant. “If fewer people are prescribed Evusheld,” she said, “there’s less incentive for drug companies to start developing newer therapeutics.

☆ NM Espresso: о продлении в Молдове режима ЧС, стоимости визита Санду в Киев и о посылках из Китая
▼ + stars: | 2021-01-14 | by ( ) newsmaker.md time to read: +4 min

Коронавирус: сводкаxВ Молдове за последние сутки сделали 3436 тестов и выявили 808 новых случаев коронавируса, в том числе у 43 медиков. Продолжают лечение в больницах и дома 7536 заболевших, из которых 214 в крайне тяжелом состоянии, 42 подключены к аппаратам ИВЛ. Санду: по итогам визита в КиевПрезидент Майя Санду рассказала на брифинге об итогах своего визита в Киев. А в администрации президента рассказали, что визит Санду в Киев обошелся в 28,9 тыс. Санду сказала, что самый короткий путь к досрочным выборам — самороспуск парламента: «Подождем, что скажет об этом Конституционный суд.

Persons: Санду, Майя Санду, Владимир Зеленский, Ренато Усатого, Юрие Повар, Ион Штефэницэ Organizations: China, Нашей партия, Конституционный суд, Национальный совет исторических памятников, Тень, КитаяЖители, Почта Молдовы, Ландромат, Бессарабия бывшие политзаключенные и депортированные» Locations: —, Коронавирус сводкаВ Молдова, Молдова, КиевПрезидент, Киев, Украина, Кишинев, Китай, МолдовеСегодня, Бессарабия, Кетросу, Новоаненский район

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