DIRS.INFO The most relevant business & tech news

☆ U.S. warship sails through sensitive Taiwan Strait; China angered
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Hugh Gentry/File PhotoWASHINGTON, Jan 5 (Reuters) - A U.S. warship sailed through the sensitive Taiwan Strait on Thursday, part of what the U.S. military calls routine activity but which has riled China. "Chung-Hoon’s transit through the Taiwan Strait demonstrates the United States’ commitment to a free and open Indo-Pacific," the statement added. The narrow Taiwan Strait has been a frequent source of military tension since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war with the communists, who established the People's Republic of China. The United States has no formal diplomatic relations with Taiwan, but is bound by law to provide the island with the means to defend itself. The close encounter followed what the United States has called a recent trend of increasingly dangerous behavior by Chinese military aircraft.

☆ U.S. warship sails through sensitive Taiwan Strait
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Hugh Gentry/File PhotoWASHINGTON, Jan 5 (Reuters) - A U.S. warship sailed through the sensitive Taiwan Strait on Thursday, part of what the U.S. military calls routine activity but which riles China. "Chung-Hoon’s transit through the Taiwan Strait demonstrates the United States’ commitment to a free and open Indo-Pacific," the statement added. The narrow Taiwan Strait has been a frequent source of military tension since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war with the communists, who established the People's Republic of China. The United States has no formal diplomatic relations with Taiwan, but is bound by law to provide the island with the means to defend itself. The close encounter followed what the United States has called a recent trend of increasingly dangerous behavior by Chinese military aircraft.

☆ One third of world economy expected to be in recession in 2023, says IMF chief
▼ + stars: | 2023-01-02 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN —This year is going to be tougher on the global economy than the one we have left behind, the International Monetary Fund’s (IMF) chief Kristalina Georgieva has warned. “Half of the European Union will be in recession,” Georgieva added. The IMF currently projects global growth to be at 2.7% this year, slowing from 3.2% in 2022. “For the first time in 40 years China’s growth in 2022 is likely to be at or below global growth,” Georgieva said. “Before Covid, China would deliver 34, 35, 40% of global growth.

☆ The Investing Club's top 5 things to watch in the market Thursday: Stocks, oil, Tesla
▼ + stars: | 2022-12-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

The Club's 5 things to watch Thursday, Dec. 29, 2022 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Cramer: Apple, Amazon, Microsoft and Google will fuel the next rally — but not in the usual way
▼ + stars: | 2022-12-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Those who fought this trend abandoned Twitter, hired bodyguards and tried to hide from the angry mob that was attempting to will stocks higher by savaging the sellers. As a result, they overran their brains and outsourced them to others who claimed to know more than they did. My point is this: The crypto con and the Robinhood dollar conflagration can't produce enough money to buoy stocks. We will hold Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) and Amazon , even as we've trimmed them higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ China c.bank says to support growth, sees moderate inflation in 2023
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Dec 2 (Reuters) - China's central bank will focus on supporting the slowing economy, People's Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation is likely to stay moderate in 2023. The central bank's accommodative policy will help support China's economic recovery and employment, Yi said in a video speech to the Bank of Thailand-BIS conference in Bangkok. "Our focus is growth right now," Yi said, adding that China's economic growth is slower than expected due to the impact from the COVID-19 pandemic and other headwinds. Yi said advanced and emerging-market economies should improve policy collaboration to cope with challenges facing the global economy. Reporting by Kevin Yao; Editing by Tom Hogue & Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: China has limited power, and perhaps little desire, to curb North Korea
▼ + stars: | 2022-11-22 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

China does not want to see a nuclear-armed North Korea, nor does it want to see U.S. nuclear weapons in the region, but the prospect of an expanding U.S. military footprint raises other priorities for China, said Jenny Town of 38 North, a Washington-based North Korea project. "They see the United States, South Korea and Japan forming as a security bloc, creating a need for a counter bloc, which would include North Korea," she said, referring to China. "Americans have perennially overestimated China's influence over North Korea," said John Delury, professor of Chinese studies at Yonsei University in Seoul. "Sanction North Korea, which cut itself off from the world for three years because of COVID and continued testing missiles? The whole point is China doesn’t control North Korea."

☆ Yellen Meets China’s Central Bank Governor as U.S. Seeks to Repair Ties With Beijing
▼ + stars: | 2022-11-16 | by ( Andrew Duehren | ) www.wsj.com time to read: 1 min

NUSA DUA, Indonesia—Treasury Secretary Janet Yellen held her first meeting with a top Chinese economic official since House Speaker Nancy Pelosi‘s visit to Taiwan, as the Biden administration works to restore communication lines and prevent a spiraling economic conflict with the world’s second-largest economy. Ms. Yellen met with People’s Bank of China Gov. Yi Gang for more than two hours on Wednesday on the sidelines of a summit of the Group of 20 major economies in Bali, Indonesia. They discussed the volatility in energy and commodity markets and the economic outlook for the two countries, according to a U.S. readout of the meeting. The People’s Bank of China called the exchange broad and constructive, but didn’t offer any further details.

☆ Yellen to seek clarity from China on COVID, property -officials
▼ + stars: | 2022-11-13 | by ( David Lawder | ) www.reuters.com time to read: +2 min

NUSA DUA, Indonesia, Nov 13 (Reuters) - U.S. Treasury Secretary Janet Yellen will seek clarity on China's plans to ease its COVID-19 restrictions and deal with problems in its property sector when she meets on Monday with China's central bank chief, Treasury officials said on Sunday. Yellen is prepared to discuss with Peoples Bank of China Governor Yi Gang the outlook for U.S. inflation and growth, but will likely leave monetary policy plans to the Federal Reserve, the officials said. The Treasury officials said they do not plan to offer advice to China on its COVID restrictions or its property sector woes, but to understand Chinese officials' approach so they can better interpret the impact of policy changes. Yellen also will also meet with French Finance Minister Bruno Le Maire and new Italian Minister of Economy and Finance Giancarlo Giorgetti. Yellen also will urge her European counterparts to keep up strong fiscal support for Ukraine in a transparent and predictable way, the officials said.

☆ Asia stocks resilient as Wall Street slips, China trade disappoints
▼ + stars: | 2022-11-07 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." A little of that reversed on Monday, with the Aussie down 0.7% at $0.6421 after jumping 3% on Friday. S&P 500 futures dipped 0.2%, while Nasdaq futures lost 0.3%. EUROSTOXX 50 futures lost 0.2% and FTSE futures 0.6% amid reports the UK government was planning tax rises and spending cuts. Oil futures lost some of their recent gains with Brent off $1.07 at $97.50, while U.S. crude dropped $1.26 to $91.35 per barrel.

☆ U.S. stocks slip as China sticks to pandemic policy
▼ + stars: | 2022-11-07 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." A little of that reversed on Monday, with the Aussie down 0.4% at $0.6440 after jumping 3% on Friday. The dollar was just a shade former on the yen at 146.77 yen , while the euro eased a fraction to $0.9944 . Markets are now waiting on Chinese trade data due later in the session for a guide on global demand. Oil futures lost some of their gains with Brent off $1.66 at $96.91, while U.S. crude dropped $1.85 to $90.76 per barrel.

☆ U.S. stocks dip, dollar up as China sticks to pandemic policy
▼ + stars: | 2022-11-06 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." It also sent the yuan surging and triggered a round of profit taking on long U.S. dollar positions, particularly against commodity sensitive currencies such as the Australian dollar. The U.S. dollar index bounced 0.4% having dived almost 2% at the end of last week. Median forecasts are for annual CPI inflation to slow to 8.0% and for the core to dip a tick to 6.5%. Oil futures lost some of their gains with Brent off $1.79 at $96.78, while U.S. crude dropped $1.71 to $90.90 per barrel.

☆ Oil slips as China COVID curbs outweigh concerns over U.S. output
▼ + stars: | 2022-10-31 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

SINGAPORE, Oct 31 (Reuters) - Oil prices fell on Monday on concerns that widening COVID-19 curbs in China will curtail demand, offsetting signs that output at the top U.S. shale field is losing steam. Brent crude futures dropped 36 cents, or 0.4%, to $95.41 a barrel by 0151 GMT after slipping 1.2% on Friday. U.S. West Texas Intermediate (WTI) crude was at $87.67 a barrel, down 23 cents, or 0.3%, after settling down 1.3% on Friday. Wider COVID curbs in China invariably raise concerns over demand from the world's top crude importer, Stephen Innes of SPI Asset Management said. read moreThe warnings came just as U.S. oil exports rose to a record last week, partly pushed WTI prices up 3.4%.

☆ Oil slips as China Covid curbs outweigh concerns over U.S. output
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: +1 min

Oil prices fell on Monday on concerns that widening Covid-19 curbs in China will curtail demand, offsetting signs that output at the top U.S. shale field is losing steam. Brent crude futures dropped 36 cents, or 0.4%, to $95.41 a barrel by 0151 GMT after slipping 1.2% on Friday. U.S. West Texas Intermediate (WTI) crude was at $87.67 a barrel, down 23 cents, or 0.3%, after settling down 1.3% on Friday. Wider Covid curbs in China invariably raise concerns over demand from the world's top crude importer, Stephen Innes of SPI Asset Management said. The warnings came just as U.S. oil exports rose to a record last week, partly pushed WTI prices up 3.4%.

☆ Dutch probe 'illegal' China gov't offices in Netherlands
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Oct 26 (Reuters) - The Netherlands is investigating offices that have been operating illegally in the country on behalf of the Chinese government, the Foreign Ministry said on Wednesday. The investigation follows reports by RTL Nieuws and website "Follow The Money" that two such offices have carried out functions, including remotely renewing Chinese citizens drivers' licences. The Chinese Embassy said in an emailed reaction to Reuters questions it "was not aware of the issue ... and not involved in it". "China`s judicial and law-enforcement authorities strictly abide by international rules and fully respect the judicial sovereignty of other countries," it said. "What is correct is that the Chinese government never informed us about the centres via diplomatic channels so that makes them illegal to begin with," Hovenkamp said.

She also outlined steps to boost the military including with mass production of precision missiles and warships. Xi is widely expected to win his third term at the one-every-five-years party congress. "When we say achievement, for Taiwan it's definitely not a good sign, it's not a good thing," Lin said. One senior Taiwanese security official said Xi's third term would bring "unpredictable tensions" across the strait. But China has refused to speak to his successor, Tsai, since she was first elected in 2016, believing her to be a separatist.

☆ Meta says it removes China-based propaganda operation targeting U.S. midterms
▼ + stars: | 2022-09-27 | by ( Katie Paul | ) www.reuters.com time to read: +3 min

Sept 27 (Reuters) - Meta Platforms (META.O) said on Tuesday it disrupted the first known China-based influence operation focused on targeting users in the United States with political content ahead of the midterm elections in November. Another Meta executive at the briefing said the company did not have enough evidence to say who in China was behind the activity. A Twitter spokesperson said the company was aware of the information in Meta's report and also took down the accounts. According to Meta's report, the Chinese fake accounts posed as liberal and conservative Americans in different states. That operation primarily targeted users in Germany, as well as France, Italy, Ukraine and the United Kingdom, and spent more than $100,000 on ads promoting pro-Russian messages.

☆ Meta says removes China-based propaganda operation targeting U.S. midterms
▼ + stars: | 2022-09-27 | by ( Katie Paul | ) www.reuters.com time to read: +2 min

Woman holds smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/IllustrationSept 27 (Reuters) - Meta Platforms (META.O) said on Tuesday it disrupted the first known China-based influence operation focused on targeting users in the United States with political content ahead of the midterm elections in November. Another Meta executive at the briefing said the company did not have enough evidence to say who in China was behind the activity. The fake accounts posed as liberal and conservative Americans in different states, posting memes and lurking in the comments of public figures' posts since November 2021, according to the report. Register now for FREE unlimited access to Reuters.com RegisterReporting by Katie Paul; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ China softens Taiwan rhetoric as U.S. and Canadian warships sail through strait
▼ + stars: | 2022-09-21 | by ( ) www.nbcnews.com time to read: +3 min

The comments came a day after U.S. and Canadian warships sailed through the Taiwan Strait in their second joint transit in less than a year. Taiwan’s government says that as the island has never been ruled by the People’s Republic of China, its sovereignty claims are void. A U.S. Navy warship and a Canadian frigate made a routine transit through the Taiwan Strait on Tuesday, the militaries of both nations said. “This operation though the Taiwan Strait is, even more, a concrete demonstration of the resolute opposition of democratic allies to China’s expansion attempts,” it said. The narrow Taiwan Strait has been a frequent source of military tension since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war with the communists, who established the People’s Republic of China.

☆ Taiwan 'proud' of its efforts to help Ukraine, says President Tsai
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 20 (Reuters) - Taiwan is "proud" of its efforts to help Ukraine in the country's struggle to defend itself and those efforts must continue, President Tsai Ing-wen told a conference taking place in New York. We must continue with our efforts," Tsai said in remarks pre-recorded from her office and played at the Concordia Summit on Monday. Taiwan President Tsai Ing-wen gives a speech at a navy base in Penghu Islands, Taiwan, August 30, 2022. Taiwan held China's United Nations seat under its formal name the Republic of China until 1971, when it was replaced by the People's Republic of China. The defeated Republic of China government fled to Taiwan in 1949 after losing a civil war to Mao Zedong's communists.

☆ U.S., Canadian warships carry out Taiwan Strait transit
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe USS Higgins is docked in the northern Israeli city of Haifa September 6, 2009. REUTERS/Baz Ratner/File PhotoSept 20 (Reuters) - A U.S. Navy warship and a Canadian frigate carried out a routine transit of the Taiwan Strait on Tuesday, the U.S. military said. Register now for FREE unlimited access to Reuters.com Register"Cooperation like this represents the centerpiece of our approach to a secure and prosperous region," the Navy statement added. The narrow Taiwan Strait has been a frequent source of military tension since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war with the communists, who established the People's Republic of China. Register now for FREE unlimited access to Reuters.com RegisterReporting by Idrees Ali; additional reporting by Michael Martina; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "China Go"

21 mentions found