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Search resuls for: "Ana Nicolaci Da Costa"


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☆ Hong Kong will scrap COVID hotel quarantine from Sept. 26
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +4 min
Travellers queue up for shuttle bus to quarantine hotels at the Hong Kong International Airport, amid the coronavirus disease (COVID-19) pandemic, in Hong Kong, China, August 1, 2022. REUTERS/Tyrone SiuHONG KONG, Sept 23 (Reuters) - Hong Kong will scrap its controversial COVID-19 hotel quarantine policy for all arrivals from Sept. 26, more than 2.5 years after it was first implemented, in a long-awaited move for many residents and businesses in the financial hub. The former British colony is a global outlier outside mainland China in imposing hotel quarantine for international arrivals, in line with the country's "dynamic zero" COVID strategy. Both events have been widely seen as a bid to show that Hong Kong can resume business as usual. Hong Kong has reported more than 1.7 million COVID infections and 9,934 deaths since the pandemic began.
☆ Take Five: Intervention watch is here
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +5 min
Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. Election results from Italy, euro area inflation numbers and U.S. and Chinese data also give investors plenty to chew over. Japan's authorities finally had enough of a weak yen and intervened to stem a sharp decline against the dollar. Investors have already ramped up expectations for another 75 bps, ECB rate hike in October, so the data shouldn't change the near-term rate outlook. How a new government navigates an energy crunch that is pushing highly-indebted Italy into recession will also be under scrutiny.
☆ Japan 'most certainly' will intervene in FX market if needed -top FX diplomat
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterA Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File PhotoTOKYO, Sept 22 (Reuters) - Japan has not intervened in the currency market yet but will "most certainly" do so when necessary, the country's top currency diplomat, Masato Kanda, said on Thursday. "Markets are making very volatile moves," Kanda, vice finance minister for international affairs, told reporters. "We cannot tolerate excess volatility and disorderly currency moves," he said when asked about the yen's recent slide to fresh 24-year lows. Kanda declined to comment, when asked whether authorities conducted rate checks in the foreign exchange market.
☆ Washington Monument vandalized, one man taken into custody
  + stars: | 2022-09-21 | by ( Kanishka Singh | ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterCars pass by the Washington Monument at night in Washington, U.S., October 24, 2021. REUTERS/Sarah Silbiger/File PhotoWASHINGTON, Sept 20 (Reuters) - A man has been taken into custody after the Washington Monument was vandalized late on Tuesday, police said, adding that the area around the base of the monument has been temporarily closed. "Area around base of the Washington Monument temporarily closed. NPS (National Park Service) conservators will work on restoration process," the United States Park Police (USPP) said on Twitter. Images posted on Twitter by local media showed red paint smeared on the west side of the monument's base.
☆ German police storm estate of Russian oligarch Usmanov - media reports
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterRussian President Vladimir Putin (L) shakes hands with Russian businessman and founder of USM Holdings Alisher Usmanov during an awarding ceremony at the Kremlin in Moscow, Russia November 27, 2018. Sputnik/Alexei Nikolsky/Kremlin via REUTERS/File PhotoBERLIN, Sept 21 (Reuters) - German police conducted raids targeting a Russian citizen over suspected sanctions violations on Wednesday morning, with German media reporting that the operation centred on oligarch Alisher Usmanov. The Munich state prosecutor said comprehensive raids had taken place at the residence of a Russian citizen and four other suspects. Register now for FREE unlimited access to Reuters.com RegisterGerman broadcasters BR and MDR reported that one of the locations targeted was Usmanov's villa on Tegernsee lake in the southern state. Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More; Editing by Paul Carrel and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.
☆ Asian stocks sink, yields rise as markets brace for aggressive Fed
  + stars: | 2022-09-21 | by ( Kevin Buckland | ) www.reuters.com   time to read: +4 min
Register now for FREE unlimited access to Reuters.com RegisterMSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) lost 1%. Sweden's Riksbank surprised markets overnight with a full percentage-point hike, and warned of more to come over the next six months. Markets are pricing in an 81% chance of another 75-basis-point increase, and see a 19% probability of a full percentage point rise. The Bank offered to buy 250 billion yen of bonds in an unscheduled operation on Wednesday to keep yields in check. Meanwhile, crude oil continued its decline amid worries that aggressive tightening by the Fed and other central banks would crimp growth and curb demand.
☆ Electric vehicles row overshadows S.Korean president's first U.S. visit
  + stars: | 2022-09-20 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +5 min
He will fly to Canada on Thursday for the last leg of his trip before returning home on Saturday. Seoul officials have asked Washington to postpone the new rules until Hyundai completes building its Georgia factory in 2025. A number of high-level South Korean officials have been mobilised in recent weeks to relay concerns to their U.S. counterparts and press for exemptions, though solutions are far from clear. Trade Minister Lee Chang-yang will travel to the United States this week to discuss the IRA, the ministry said on Tuesday. However, the South Korean government is focusing on bilateral dialogue for now, he said, when answering a lawmaker's question in parliament.
☆ Apple helps Taiwan export orders resume growth in August, outlook mixed
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +3 min
Orders for telecommunications products rose 3.1% in August from a year ago due mostly to cellphone orders, the ministry said. A trend of working and studying from home that started during the COVID-19 pandemic has fuelled a growth in orders for Taiwanese electronics for more than two years. The ministry said it expected this month's export orders to be between 7% and 9.4% lower than those of September 2021. Taiwan's August orders from China fell 25.5% from a year earlier, compared with an annual fall of 22.6% in July. Export orders from Europe rose 14.6%, versus an annual contraction of 5.1% in July, while those from Japan rose 2.2%.
☆ EXCLUSIVE U.S. Treasury official criticizes China's 'unconventional' debt practices
  + stars: | 2022-09-20 | by ( Andrea Shalal | ) www.reuters.com   time to read: +4 min
Yellen's counselor Brent Neiman plans to criticize China's "unconventional" debt practices and its failure to move forward with debt relief at an event at the Peterson Institute for International Economics, a text of his prepared remarks obtained by Reuters shows. Neiman's critique of China's debt practices marks the latest salvo by Western officials and the leaders of the World Bank and International Monetary Fund, who have grown weary of delays and broken promises by China and private lenders. He noted that China had engaged in "unconventional" practices that had allowed the IMF to move forward without obtaining standard financing assurances. "In many of these cases, China is not the only creditor holding back quick and effective implementation of the typical (debt restructuring) playbook. But across the international lending landscape, China’s lack of participation in coordinated debt relief is the most common and the most consequential."
☆ Row over EV subsidy rules overshadows S.Korean president's first U.S. visit
  + stars: | 2022-09-19 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +4 min
The KIA logo is seen on the new KIA Niro during a press day at the 2021 Seoul Mobility Show in Goyang, South Korea, November 25, 2021. Yoon, who was in London for the funeral of Britain's Queen Elizabeth, departed for New York late on Monday to attend the U.N. General Assembly. He will fly to Canada on Thursday for the last leg of his trip before returning home on Saturday. A number of high-level South Korean officials have been mobilised in recent weeks to relay concerns to their U.S. counterparts and press for exemptions, though solutions are far from clear. Yoon has also been struggling to make headway on other key diplomatic and security issues such as improving relations with Japan and enticing North Korea back to denuclearisation talks.
☆ EXCLUSIVE Kaisa offshore creditors offer $2 bln to take over stalled projects - sources
  + stars: | 2022-09-19 | by ( Clare Jim | ) www.reuters.com   time to read: +5 min
A sign of the Kaisa Holdings Group is seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. It also comes as authorities are scrambling to contain a mortgage boycott by homebuyers against stalled projects. The offshore bondholder group, which is being represented by financial advisory group Lazard Ltd, made the offer to acquire Kaisa's stalled projects to the developer's advisor CITIC Securities, said the people. As most of Kaisa's projects are in top-tier Chinese cities, where housing prices are relatively resilient, bondholders expect to reap the profits after the completion of the stalled projects, said the two people. It is unclear how many stalled projects would be covered by the bondholder group's offer, and how many of them meet the purchase criteria laid out by the group.
☆ Exclusive: Kaisa offshore creditors offer $2 billion to take over stalled projects
  + stars: | 2022-09-19 | by ( Clare Jim | ) www.reuters.com   time to read: +5 min
A sign of the Kaisa Holdings Group is seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. It also comes as authorities are scrambling to contain a mortgage boycott by homebuyers against stalled projects. The offshore bondholder group, which is being represented by financial advisory group Lazard Ltd, made the offer to acquire Kaisa's stalled projects to the developer's advisor CITIC Securities, said the people. As most of Kaisa's projects are in top-tier Chinese cities, where housing prices are relatively resilient, bondholders expect to reap the profits after the completion of the stalled projects, said the two people. It is unclear how many stalled projects would be covered by the bondholder group's offer, and how many of them meet the purchase criteria laid out by the group.
☆ Explainer: Does China need more Russian gas via the Power-of-Siberia 2 pipeline?
  + stars: | 2022-09-15 | by ( ) www.reuters.com   time to read: +4 min
Negotiations will be complex, however, not least because China is not expected to need additional gas supply until after 2030, industry experts said. The proposed pipeline would bring gas from the huge Yamal peninsula reserves in west Siberia - the main source of gas supply to Europe - to China, the world's top energy consumer and growing gas consumer. The idea gained impetus when the first pipes of the currently operational Power of Siberia pipeline were laid in Russia's eastern Yakutia region in 2014. DOES CHINA NEED MORE RUSSIAN GAS? Russia's Gazprom already supplies gas to China through the first Power of Siberia pipeline under a 30-year, $400 billion deal, which was launched at the end of 2019.
☆ South Korea's Yoon to attend Queen Elizabeth's funeral, U.N. General Assembly
  + stars: | 2022-09-12 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +2 min
[1/5] South Korea's President Yoon Suk-yeol holds first official news conference, after taking office in May, to mark 100 days in office, in Seoul, South Korea August 17, 2022. Chung Sung-Jun/Pool via REUTERS - RC21YV9WUCRJSEOUL, Sept 12 (Reuters) - South Korea's President Yoon Suk-yeol will visit London, New York and Canada next week in his first trip to those countries, primarily to attend the funeral of Britain's Queen Elizabeth and visit the U.N. General Assembly, Yoon's office said on Monday. The decision to attend the funeral on Sept. 19 reflected the historical importance of South Korea's bilateral ties with Britain, the achievements of Queen Elizabeth, and the affection the monarch had shown South Korea since her visit in 1999, Kim said. Yoon will then travel to New York to attend the U.N. General Assembly, where he is expected to give a keynote speech on Sept. 20, Kim said. Yoon's U.N. speech would be aimed at presenting South Korea's role as "a global leader country that contributes to resolving international issues and establishing a global order based on universal values," he said.
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