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Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSINGAPORE, Sept 15 (Reuters) - Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world's second-largest crude consumer will continue to surge. Brent crude futures rose 62 cents, or 0.7%, to $94.32 as of 0249 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 71 cents, or 0.8%, at $90.87. China's industrial output and retail sales grew at a faster-than-expected rate in August, suggesting that the recovery of the world's second-largest economy from the COVID-19 pandemic is stabilising. The International Energy Agency said this week it expects Saudi Arabia's and Russia's extended oil output cuts to result in a market deficit through the fourth quarter.

Persons: Agustin Marcarian, Edward Moya, Brent, WTI, Sudarshan Varadhan, Christopher Cushing Organizations: REUTERS, Rights, Brent, U.S . West Texas, National, International Energy Agency, Saudi, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights SINGAPORE, U.S, OANDA, China, Russia, Saudi Arabia

☆ Biden to address budget cuts, government shutdown in Thursday speech
▼ + stars: | 2023-09-14 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023. The White House and Senate leaders - including top Republican Mitch McConnell - have rejected that demand. "Today, the President will explain how these harmful cuts fit into the larger Republican budget plan...and what that plan would mean for the American people," the White House said in a statement. The White House will spend "much of this fall" laying out the Republican budget plan, which they say includes lowering taxes for the rich and cuts to programs such as Social Security and Medicare. In June, Biden tried to flip skeptical Americans on his economic plan by re-introducing his vision of middle-class American prosperity.

Persons: Joe Biden, JIM WATSON, Biden, Kevin McCarthy, Republican Mitch McConnell, Nandita Bose, Christian Schmollinger Organizations: White, Rights, Republican, Democratic, Republicans, Social Security, Research, Thomson Locations: Washington , DC, Washington

LAUNCESTON, Australia, Sept 14 (Reuters) - The spot price of iron ore has climbed to a five-month high amid improving sentiment and some supportive fundamentals in China, the world's top buyer of the steel raw material. China, which buys about 70% of global seaborne iron ore, imported 106.42 million metric tons in August, the most since October 2020, according to customs data. For the first eight months of the year, imports were 775.66 million metric tons, up 7.4% on the same period in 2022. The need to rebuild stockpiles and nascent signs of a recovery in the property sector do support the recent rally in iron ore prices. This works out at around 76.7 million metric tons a month, which is well below the 90.8 million produced in July.

Persons: It's, it's, SteelHome, Christian Schmollinger Organizations: Dalian Commodity Exchange, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Singapore, July's, Beijing

☆ CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugees
▼ + stars: | 2023-09-14 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies Accenture PLC FollowAirbnb Inc FollowAlphabet Inc Follow Show more companiesWASHINGTON, Sept 14 (Reuters) - Chief executives from a wide array of U.S. companies will meet White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States. They will meet Zients and other White House officials "to discuss specific ways we can continue to work together to support safe, orderly pathways for people in need of safety to come to the United States, including through refugee resettlement and new, expanded humanitarian sponsorship programs," a White House official told Reuters. The White House, which says it wants to partner with the private sector to build a humane immigration system, worked with Welcome.US to help Afghan refugees coming to the United States after Biden pulled U.S. troops out of Afghanistan in 2021.

Persons: Annegret, Jeff Zients, Alphabet's Sundar Pichai, Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores, Richard Dickson, Julie Sweet, David Risher, Hamdi Ulukaya, Mike Sievert, Goldman Sachs, Kathy Hochul, Zients, Biden, Donald Trump, Welcome.US, Jeff Mason, Christian Schmollinger Organizations: Google, Arena, REUTERS, Accenture, White, Welcome.US, Reuters, Lyft, Mobile, Blackstone, Comcast, Meta, Republicans, Democrat, Republican, Biden, Thomson Locations: Berlin, Germany, WASHINGTON, United States, Airbnb, New, New York City, United, Afghanistan

☆ China says it has not banned purchase, use of foreign phone brands
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China has not issued a ban on the purchase and use of foreign phone brands, the Chinese foreign ministry said on Wednesday, in response to media reports that said some government agencies and firms had told staff to stop using Apple's iPhones at work. "China has not issued laws, regulations or policy documents that prohibit the purchase and use of foreign brand phones such as Apple's," foreign ministry spokesperson Mao Ning told a regular press briefing when asked about the reports. The Chinese government attaches great importance to information and cyber security and treats both domestic and foreign companies as equals," she added. Mao said China hoped all mobile phone companies would strictly abide its laws and regulations, as well as "strengthen information security management". China has increasingly emphasized using locally-made tech products, as technology has become a major national security issue for Beijing and Washington.

Persons: Andrew Kelly, Mao Ning, Mao, Ethan Wang, Bernard Orr, Christian Schmollinger Organizations: Apple, REUTERS, Rights, Reuters, Thomson Locations: Manhattan , New York City, U.S, Rights BEIJING, China, Beijing, Washington

☆ China agrees to rare visit by Vatican envoy for Ukraine talks
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - The Chinese foreign ministry said on Wednesday that Vatican envoy Cardinal Matteo Zuppi will visit China for talks on resolving the conflict in Ukraine, despite the lack of formal bilateral relations between Beijing and the Holy See. Li Hui, China's Special Envoy for Eurasian Affairs, will meet with Zuppi, foreign ministry spokesperson Mao Ning told a regular news conference. "On the issue of Ukraine, China has always been committed to promoting peace talks," said Mao. Zuppi will be in China from Wednesday to Friday as part of a diplomatic push to facilitate peace in Ukraine, the Vatican said on Tuesday. The Chinese foreign ministry did not give details on Zuppi's schedule or say whether he would meet China's top officials.

Persons: Cardinal Matteo Zuppi, Pope Francis, Maxim, Li Hui, Mao Ning, Mao, Li Qiang, Archbishop Paul Gallagher, Wang Yi, Ryan Woo, Ethan Wang, Christian Schmollinger, Mark Heinrich Our Organizations: Italian Episcopal Conference, REUTERS, Rights, Eurasian Affairs, Kyiv, Vatican, Repubblica, Foreign, Thomson Locations: Moscow, Russia, Rights BEIJING, China, Ukraine, Beijing, Russian, Italian, Washington, Taiwan, Europe, Taipei, Munich

REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsTAIPEI, Sept 13 (Reuters) - Taiwan's defence ministry said it spotted 28 Chinese air force planes in its air defence zone on Wednesday morning, part of what Taipei calls regular harassment by Beijing amid heightened tensions across the Taiwan Strait. Taiwan's defence ministry said that beginning at around 6 a.m. (2200 GMT Tuesday), Chinese warplanes, including J-10 fighters, had flown into the southwestern corner of the island's air defence identification zone, or ADIZ. China's defence ministry did not immediately respond to a request for comment. Taiwan's forces monitored the situation, including sending up its own air force planes and activating air defence systems, the ministry added, using the normal phrasing for its response to such Chinese incursions. A Chinese naval formation led by the Shandong entered the western Pacific for training, Taiwan's defence ministry said on Monday.

Persons: Dado Ruvic, Yimou Lee, Ben Blanchard, Christopher Cushing, Christian Schmollinger, Michael Perry, Mark Heinrich Our Organizations: REUTERS, Rights, Taipei, Self, Defense Force, Pacific, Reuters, U.S . Navy, U.S, Beijing, Thomson Locations: Rights TAIPEI, Beijing, Taiwan Strait, Taiwan, China, Shandong, Pacific, Miyako, Japan, Miyako Strait, United States, Philippines, Borneo, U.S, Canadian, India, South China, Tokyo

☆ North Korea fires two ballistic missiles with leader Kim away in Russia
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Sept 13 (Reuters) - North Korea fired two ballistic missiles off its east coast, South Korea's Joint Chiefs of Staff and the Japanese Coast Guard said on Wednesday, just hours before leader Kim Jong Un was expected to meet President Vladimir Putin in Russia. It was the first such launch to occur while Kim was abroad for a rare trip, analysts said. Japan's Chief Cabinet Secretary Hirokazu Matsuno told reporters that Japan had lodged a protest against North Korea through diplomatic channels in Beijing. The nuclear-armed North has conducted regular launches of everything from short-range and cruise missiles to massive intercontinental ballistic missiles (ICBMs) that can strike the continental United States. In 2018 and 2019 he visited China, South Korea, Singapore, Vietnam and Russia in nine separate trips, but his current visit in Russia is the first since then.

Persons: Kim Jong Un, Vladimir Putin, Kim, Hirokazu Matsuno, Kim didn’t, Soo, hyang Choi, Josh Smith, Komiya, Chang, Ran Kim, Tom Hogue, Christian Schmollinger, Gerry Doyle Organizations: South Korea's, Chiefs, Staff, Japanese Coast Guard, Japan's Coast Guard, North, United Nations, Thomson Locations: SEOUL, North Korea, South, Russia, Japan, Beijing, United States, China, Moscow, South Korea, Singapore, Vietnam, Seoul, Tokyo

☆ Japan PM to keep his chief cabinet secretary in cabinet reshuffle -Yomiuri
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Sept 12 (Reuters) - Japanese Prime Minister Fumio Kishida has decided to keep Hirokazu Matsuno in his current post as chief cabinet secretary, a key ministerial position, during a cabinet reshuffle, the Yomiuri newspaper reported on Tuesday. The Yomiuri said core members of his cabinet and party leadership will remain unchanged, as Kishida also plans to keep former premier Taro Aso as party vice president and former foreign minister Toshimitsu Motegi as party secretary-general. Kishida, also the head of the ruling Liberal Democratic Party (LDP), has said he plans to reshuffle his cabinet and conduct a personnel change of party leadership as early as Wednesday. Shinzo Abe and Yoshihide Suga, two prime ministers before Kishida, both served as chief cabinet secretary before becoming premier. Reporting by Kiyoshi Takenaka; Editing by Christian Schmollinger and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Fumio Kishida, Kishida, Taro Aso, Toshimitsu Motegi, Shinzo Abe, Yoshihide Suga, Kiyoshi Takenaka, Christian Schmollinger, Christopher Cushing Organizations: Yomiuri, Liberal Democratic Party, Kishida, Thomson Locations: TOKYO

☆ India minister to propose higher diesel vehicle tax, warns automakers
▼ + stars: | 2023-09-12 | by ( Aditi Shah | ) www.reuters.com time to read: +2 min

A worker switches on a fuel pump before filling a car with diesel at a fuel station in New Delhi September 13, 2012. REUTERS/Mansi Thapliyal/File photo Acquire Licensing RightsNEW DELHI, Sept 12 (Reuters) - India's road transport minister, Nitin Gadkari, on Tuesday said he will propose an additional 10% tax on diesel vehicles and warned automakers of even higher levies to cripple their ability to sell such high-polluting vehicles. Gadkari said he will later in the day ask the finance minister for an "additional 10%" goods and services tax on diesel vehicles to tackle problems related to pollution. The Indian government currently imposes a 28% tax on diesel cars and an additional so-called "cess" is levied depending on the vehicles' engine capacity. Shares in Indian automakers Tata Motors, Mahindra and Mahindra, Ashok Leyland (ASOK.NS), and Eicher Motors (EICH.NS) fell between 1.5% and 4.5%.

Persons: Mansi, Nitin Gadkari, Gadkari, Maruti Suzuki, Ashok Leyland, Aditi Shah, Tanvi Mehta, Christian Schmollinger, Tom Hogue Organizations: REUTERS, New, Tata Motors, Mahindra, Maruti, Volkswagen, automakers Tata Motors, Eicher Motors, Thomson Locations: New Delhi, DELHI, India

☆ Exclusive: China's central bank to scrutinise bulk dollar purchases - sources
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING/SHANGHAI, Sept 11 (Reuters) - China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when the Chinese currency faces mounting depreciation pressure. The central bank has warned some lenders of their huge dollar purchases on behalf of their corporate clients, according one of the other sources. The PBOC had no immediate comment on plans to increase its scrutiny of dollar purchases when contacted by Reuters. Earlier this month, it announced it would increase the supply of dollars by lowering the amount of foreign exchange that banks must set aside.

Persons: Dado Ruvic, Christian Schmollinger, Christina Fincher Organizations: REUTERS, Rights, People's Bank of China, U.S, Reuters, Shanghai, Thomson Locations: Rights BEIJING, SHANGHAI, China, Beijing

While domestic travel has rebounded, thereby lifting demand for gasoline and jet fuel, there are other factors at work driving China's crude imports. The question then becomes why did crude imports drop in July even though refinery processing rates remained robust? This means that China's crude imports in September may be robust, but arrivals from October onwards would have been bought at higher prices. The strength in coal imports is being driven by factors largely unrelated to the state of the economy. With crude oil, coal and iron ore all having dynamics separate to the overall state of China's economy, the commodity that appears most correlated with the outlook is copper.

Persons: Aly, Refiners, refiners, Brent, China's, Russia's, Christian Schmollinger Organizations: REUTERS, Rights, Administration of Customs, Imports, Reuters, Thomson Locations: Zhuhai, China, Rights LAUNCESTON, Australia, COVID, Saudi Arabia, OPEC, Russia, Ukraine, Beijing

☆ Nvidia's dominance in AI chips deters funding for startups
▼ + stars: | 2023-09-11 | by ( Max A. Cherney | ) www.reuters.com time to read: +5 min

U.S. chip startups have raised $881.4 million through the end of August, according to PitchBook data. Nvidia has "indirectly" contributed to overall AI chip fundraising woes, because investors want "Home run only type investments with a huge investment, huge return," Mythic CEO Dave Rick said. About two years ago, new investments in chip startups were often $200 million or $300 million. At least two AI chip startups have overcome investor reluctance by trumpeting potential customers or their relationships with well-known executives. While these chip makers in Nvidia's shadow struggle, startups in AI software and related technologies do not face the same constraints.

Persons: Ann Wang, Nvidia’s, Greg Reichow, Dave Rick, Rick, Rivos, Brendan Burke, Tenstorrent, Jim Keller, Max A, Kenneth Li, Cynthia Osterman Organizations: REUTERS, Nvidia, Eclipse Ventures, Apple, Devices, Microsoft, AMD, Intel, Thomson Locations: Taipei, Taiwan, Santa Clara , California, U.S, San Francisco

☆ Putin, China's Vice Premier to Discuss High-Level Contacts for End of Year
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Russian President Vladimir Putin and Chinese Vice Premier Zhang Guoqing will discuss during their meeting bilateral contacts at the "highest-level" by the end of the year, Russian agencies cited Kremlin's spokesman as saying on Tuesday. Putin is to meet the Chinese vice premier in Vladivostok where Russia is holding a major economic forum this week. "[This is] another opportunity to quickly compare notes, including in the context of bilateral contacts at the highest level planned before the end of this year," Russian agencies cited spokesman Dmitry Peskov as saying. Kremlin foreign policy adviser Yury Ushakov said in July that Putin planned to visit China in October at the time of its third "Belt and Road" forum, responding to an invitation issued by Xi during a high-profile state visit to Russia in March. (This story has been corrected to fix the title to China's vice premier, not vice president, in the headline and paragraphs 1 and 2)(Reporting by Lidia Kelly in Melbourne; Editing by Christian Schmollinger)

Persons: Vladimir Putin, Zhang Guoqing, Putin, Dmitry Peskov, Yury Ushakov, Xi, Lidia Kelly, Christian Schmollinger Organizations: Reuters Locations: Vladivostok, Russia, Kremlin, China, Melbourne

☆ Crimean Bridge traffic reopens after temporary halt -operator
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: 1 min

A view shows the Crimean bridge connecting the Russian mainland with the peninsula across the Kerch Strait, Crimea, July 17, 2023. REUTERS/Stringer/File Photo Acquire Licensing RightsSept 12 (Reuters) - Traffic on the main bridge linking the Russian mainland with the Crimean Peninsula, which Russia annexed from Ukraine in 2014, has reopened after a temporary suspension, the Russian-installed operator of the bridge said early on Tuesday. The administration did not disclose the reason for the suspension in the statement on its Telegram messaging channel. The Crimean Bridge has been a target of increased air and sea drone attacks in recent months. Reporting by Lidia Kelly in Melbourne and Ron Popeski in Winnipeg; Editing by Chris Reese and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Stringer, Lidia Kelly, Ron Popeski, Chris Reese Organizations: REUTERS, Thomson Locations: Kerch, Crimea, Crimean, Russia, Ukraine, Russian, Melbourne, Winnipeg

REUTERS/Dado Ruvic/Illustration/Files Acquire Licensing RightsSummary Crude imports jump 30.9% from last year to 12.43 million bpdNatural gas imports up 22.7% from last yearRefined fuel exports rise month-on-monthBEIJING, Sept 7 (Reuters) - China's crude oil imports surged in August, customs data showed on Thursday, as refiners built inventories and increased processing to benefit from higher profits from exporting fuel. China's imports have increased from last year since domestic fuel demand is no longer being suppressed by widespread curbs to tackle the COVID-19 pandemic. However, the broader outlook for China's economy remains gloomy, with a weaker property sector and sluggish domestic consumption weighing on fuel demand. read moreAt the same time, oil product exports are rising as refiners cash in on rising profit margins from selling fuel overseas. Refined fuel exports last month rose to 5.89 million tons, customs said, up from 5.31 million tons in July and 23.3% than a year earlier.

Persons: Dado Ruvic, Xu Peng, Xu, Andrew Hayley, Tom Hogue Organizations: REUTERS, Administration, Customs, Citi, Thomson Locations: BEIJING, China, Beijing

☆ China, Australia Hold First High-Level Dialogue in Three Years in Beijing
▼ + stars: | 2023-09-07 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

By Joe CashBEIJING (Reuters) - China and Australia should "seriously consider" what they have learned from halting their high-level dialogue over the past three years, Li Zhaoxing, a former foreign minister, said on Thursday, as the talks restarted in Beijing. China accounts for nearly one-third of Australian trade, while Australia is China's eighth-largest trade partner. Diplomatic exchanges have been ramping up since Australia elected a Labor government in May 2022 and China lifted tariffs on its barley exports. "Over the past decades... China has not posed any threat to Australia, and will not do so in the future. The Australian delegation also includes former Liberal foreign minister Julie Bishop, whose inclusion was to show bipartisan political support, the statement said.

Persons: Joe Cash, Li Zhaoxing, Li, Craig Emerson, Penny Wong, Julie Bishop, Emerson, Anthony Albanese, Li Qiang, Whitlam’s, " Albanese, Kirsty Needham, Christian Schmollinger Organizations: Joe Cash BEIJING, Australia, Labor, Australian, Australian Foreign, Liberal, Australia's, ASEAN Locations: China, Australia, Beijing, Canberra, Jakarta, Sydney

☆ South China soaks as rains from Haikui continue to pound region
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] An aerial view shows flooded villages in Minhou county after heavy rains brought by typhoon Haikui, in Fuzhou, Fujian province, China September 5, 2023. cnsphoto via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. Acquire Licensing RightsBEIJING, Sept 7 (Reuters) - The remnants of Typhoon Haikui drenched China for a third day since making landfall, as moisture-laden clouds dumped rain onto the country's south despite weakening cyclonic winds. Later this week, the storms are expected to continue in Guangxi bringing the southwestern region extreme rainfall on Friday and Saturday before potentially dissipating on Sunday. Haikui's storms flooded parts of southeastern Fujian province where it landed early on Tuesday, forcing 294,100 people to evacuate, inundated 9,949.7 hectares (24,586.24 acres) of crops and damaged nearly 2,540 homes. Intense rains in the city of Fuzhou shattered 12-year-old rainfall records, surpassing the amount brought by Typhoon Doksuri late July.

Persons: Typhoon Doksuri, Liz Lee, Christian Schmollinger Organizations: cnsphoto, Rights, China Meteorological Administration, Authorities, Thomson Locations: Minhou county, Fuzhou, Fujian province, China, CHINA, Rights BEIJING, downpours, Guangdong, Tangxi, Jiangxi, Hunan province, Guangxi, Hainan, Guilin, Laibin, Fujian, Xiamen, Shanghai

☆ Lithium developer Liontown backs Albemarle's sweetened $4.3 billion offer
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

A sign at the approach road leads to Albemarle's lithium evaporation ponds at its facility in Silver Peak, Nevada, U.S., January 9, 2019. REUTERS/Ernest Scheyder/File Photo Acquire Licensing RightsSept 4 (Reuters) - Australian lithium developer Liontown Resources (LTR.AX) said on Monday its board had recommended an improved takeover proposal from the world's biggest lithium producer Albemarle Corp (ALB.N) valuing the company at A$6.6 billion ($4.26 billion). Liontown said its board intended to unanimously recommend shareholders vote in favour of the new takeover proposal, adding that an independent expert concluded that it was in the best interests of shareholders. Albemarle's latest offer for Liontown was its fourth, having also proposed A$2.20 per share on Oct. 20 last year and A$2.35 per share earlier in March before its rejected A$2.50 a share offer was made public. Liontown said Greenhill & Co and UBS would act as financial advisers and Allens as its legal adviser in relation to the revised proposal.

Persons: Ernest Scheyder, Liontown, Kathleen, Greenhill, Poonam Behura, Kim Coghill, Christian Schmollinger, Jamie Freed Organizations: REUTERS, Liontown Resources, Albemarle Corp, Co, UBS, Thomson Locations: Silver, , Nevada, U.S, Albemarle, Australian, Western Australia

☆ Japan's Mitsubishi Heavy reschedules moon rocket launch for Thursday
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

The logo of Mitsubishi Heavy Industries is seen at the company headquarters in Tokyo, Japan December 8, 2022. REUTERS/Kim Kyung-Hoon/file photo Acquire Licensing RightsTOKYO, Sept 4 (Reuters) - Japan's Mitsubishi Heavy Industries (7011.T) said on Monday it planned to launch its H-IIA rocket carrying a moon lander on Thursday morning, after unfavourable wind conditions led to a postponement last month. The new schedule was announced a week after the previous launch attempt, which would have carried Japan's first spacecraft to land on the moon, was suspended because of high winds. H-IIA, jointly developed by JAXA and MHI, has been Japan's flagship space launch vehicle, with 45 successful launches in 46 tries since 2001. After JAXA's new medium-lift H3 rocket failed on its debut in March, the agency postponed the launch of H-IIA No.

Persons: Kim Kyung, JST, Rocky Swift, Mariko Katsumura, Christian Schmollinger, Gerry Doyle Organizations: Mitsubishi Heavy Industries, REUTERS, Rights, Japan Aerospace Exploration, JAXA, Yomiuri, Thomson Locations: Tokyo, Japan

☆ China's Premier Li Qiang will attend ASEAN summit - foreign ministry
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: 1 min

Chinese Premier Li Qiang attends a meeting with U.S. Special Presidential Envoy for Climate John Kerry (not pictured) at the Great Hall of the People in Beijing, China July 18, 2023. REUTERS/Florence Lo/Pool/File Photo Acquire Licensing RightsBEIJING, Sept 1 (Reuters) - China's Premier Li Qiang will attend a summit of the Association of Southeast Asian Nations (ASEAN) being held Sept. 5-8, the Chinese foreign ministry said on Friday. While at the summit, Li will attend several meetings, including the East Asia Summit and a key meeting that includes Japan and South Korea. Reporting by Beijing newsroom; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, John Kerry, Florence Lo, Li, Christian Schmollinger Organizations: U.S, of, People, REUTERS, Rights, Association of Southeast Asian Nations, East Asia Summit, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Japan, South Korea

☆ China to cut banks' FX reserve ratio to rein in yuan weakness
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

The headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. The People's Bank of China (PBOC) said it would cut the foreign exchange reserve requirement ratio (RRR) by 200 basis points (bps) to 4% from 6% beginning Sept. 15, according to an online statement. That would effectively free up $16.4 billion worth of foreign exchange with China's FX deposits standing at $821.8 billion at end-July. The PBOC said its move was to "improve financial institutions' ability to use foreign exchange funds". Cheung added that Friday's announcement reinforced the central bank's stance to defend a weakening yuan but was "unlikely to reverse the bearish picture of the yuan."

Persons: Jason Lee, Ken Cheung, Cheung, Winni Zhou, Tom Westbrook, Christian Schmollinger, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, Mizuho Bank, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, United States

☆ Pope Francis lands in Mongolia, home to tiny Catholic flock
▼ + stars: | 2023-09-01 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

[1/10] Pope Francis tastes dried yoghurt as part of a welcome tradition as he arrives at the Chinggis Khaan International Airport during his Apostolic Journey in Ulaanbaatar, Mongolia September 1, 2023. Vatican Media/Handout via REUTERS Acquire Licensing RightsULAANBAATAR, Mongolia, Sept 1 (Reuters) - Pope Francis arrived in Mongolia on Friday to greet its tiny Catholic contingent, having earlier sent a blessing of "unity and peace" from his plane to China, with which the Vatican has had difficult relations. As is customary, Francis issued greetings to every country he flew over on his way to Mongolia including China, with which the Vatican has had difficult relations. "I send greetings of good wishes to your excellency and the People of China," the Pope said in the telegram addressed to Chinese President Xi Jinping. Mongolia was part of China until 1921 and has political and economic ties with Beijing.

Persons: Pope Francis, Francis, Pope, Xi Jinping, China’s, Philip Pullella, John Geddie, Christian Schmollinger, Robert Birsel Organizations: Vatican, Handout, REUTERS Acquire, ITA Airways, Communist Party, Thomson Locations: Ulaanbaatar, Mongolia, ULAANBAATAR, China, Western Europe, of China, Taiwan, Beijing

☆ Tesla releases refreshed Model 3 with longer driving range in China
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

Visitors check a Tesla Model 3 car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. The updated version of the Model 3 was Tesla's first new or restyled car since it launched its global best-seller, the Model Y, in 2020. The new Model 3 promises a longer driving range for China, according to the company's website. Reuters first reported last November that Tesla was developing a revamped version of the Model 3 in a project codenamed "Highland". In China, the new Model 3 starts at 259,900 yuan ($35,807.78), the company's website showed on Friday.

Persons: Florence Lo, Tesla, Zhang Yan, Hyunjoo Jin, Daniel Leussink Brenda Goh, Christian Schmollinger, Kevin Krolicki Organizations: Tesla, U.S, REUTERS, Rights, EV, China Passenger Car Association, Volkswagen, Mercedes, Reuters, Thomson Locations: Beijing, China, Europe, East, Australia, Japan, Shanghai, Fremont , California, Munich

A man walks at the headquarters of Bank of Japan in Tokyo, Japan, January 18, 2023. The central bank would take time to determine whether it can raise interest rates as it waits for evidence that a sustained economic recovery will eradicate Japan's deflationary mindset, he said. "The key is for the economy to keep recovering," Nakamura told a news conference, when asked about the conditions for ending negative interest rates. We therefore need more time before shifting to monetary tightening," he said, adding the key was to determine whether companies' growth expectations were heightening. Markets are divided on whether the BOJ could remove the yield cap before raising short-term rates, ditch both simultaneously, or keep the yield cap when ending negative rates as a precaution against an abrupt rise in long-term yields.

Persons: Issei Kato, Nakamura, Toyoaki Nakamura, Japan's, we're, Naoki Tamura, Kazuo Ueda, Leika Kihara, Christian Schmollinger, Navaratnam, Gerry Doyle Organizations: Bank of Japan, REUTERS, Hitachi Ltd, Thomson Locations: Tokyo, Japan, GIFU, Gifu

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