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Updated: 23 hours 25 min ago

Xi says China could have set GDP growth goal around 6% had there been no coronavirus

Sun, 05/24/2020 - 17:22
Chinese President Xi Jinping said China's annual economic growth target could have been set around 6% had the new coronavirus epidemic not happened, according to state media reports on Saturday.

Hyundai India, Maruti workers get coronavirus, showing restart risks

Sun, 05/24/2020 - 17:20
Workers at two of India's biggest carmakers have tested positive for the novel coronavirus days after restarting operations, exposing the risks companies and the government face in kickstarting the economy.

Three Hyundai India workers get coronavirus, showing restart risks

Sun, 05/24/2020 - 16:28
Three employees at Hyundai Motor Co's Indian plant have tested positive for the coronavirus, the company said on Sunday, days after the South Korean automaker resumed operations after a near two-month lockdown.

Major Indian states seek delay in restarting flights as coronavirus cases rise

Sun, 05/24/2020 - 14:56
Three large Indian states have sought to delay the planned opening of their airports on Monday as new cases of the novel coronavirus jumped by a record, complicating the federal government's plan to resume flights after a two-month lockdown.

Reliance launches JioMart online grocery service, challenging Amazon, Flipkart

Sun, 05/24/2020 - 14:49
Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling's local unit and Walmart Inc's Flipkart in the huge Indian market.

China, U.S. to gain from cooperation, lose from confrontation - senior Chinese diplomat

Sun, 05/24/2020 - 14:22
The Chinese government's top diplomat, Wang Yi, said on Sunday that China and the United States both stand to gain from cooperation and would lose from confrontation, adding both sides must find a way for peaceful co-existence.

Bain Capital confirms second-round bid for Virgin Australia

Sun, 05/24/2020 - 11:46
Bain Capital on Sunday said it was preparing a second-round proposal to buy Virgin Australia Holdings Ltd, as the private equity group positioned itself as the "strongest" suitor to turn around the bankrupt airline.

China's efforts to resolve financial risks slowed by virus - local central bank head

Sun, 05/24/2020 - 11:01
China's efforts to resolve risks among high-risk financial institutions have been hampered by slower economic conditions caused by the outbreak of the new coronavirus, the head of a provincial branch of the central bank told Reuters.

Iraqi, Saudi energy ministers say committed to output cuts

Sun, 05/24/2020 - 10:32
Iraq and Saudi Arabia agreed on Saturday to continue working to re-balance markets and stressed their commitment to output cuts agreed by the Organization of the Petroleum Exporting Countries, Russia and other allies, Saudi state news agency SPA said.

China state planner confident consumption to show improvement in May

Sun, 05/24/2020 - 10:16
Chinese consumption will show signs of improvement in May as new forms of consumption such as e-commerce are encouraged, the state economic planner said on Sunday.

British lawmaker says UK must defend its companies against overseas takeovers - FT

Sun, 05/24/2020 - 09:25
Britain must defend its companies against overseas takeovers in the aftermath of the crisis caused by the coronavirus outbreak, a senior British lawmaker said, adding that China's state-owned companies have drawn on state banks to outbid rivals.

Maruti Suzuki employee at Manesar plant tests positive for COVID-19

Sun, 05/24/2020 - 07:16
An employee at car maker Maruti Suzuki's plant in the city of Manesar tested positive for COVID-19, the company said on Saturday.

Argentina, creditors get ready to resume debt talks after ninth sovereign default

Sat, 05/23/2020 - 23:02
A major Argentina creditor group said on Saturday it had been invited to sign a non-disclosure agreement by Argentina's government, signaling that talks could be moving to the next phase after the South American country defaulted a day earlier.

Beijing says new Hong Kong laws won't harm investors, urges countries to stop "meddling"

Sat, 05/23/2020 - 20:27
China's foreign ministry branch in Hong Kong dismissed concerns that its proposed national security laws for the city would harm foreign investors, hitting back at "meddling" countries as Beijing's ties with Washington soured further.

Jaguar seeks state loan as coronavirus pandemic takes toll - Sky News

Sat, 05/23/2020 - 20:18
Jaguar Land Rover is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News said on Saturday, a report the company said was inaccurate.

Xi makes high-stakes power play in move to subdue Hong Kong

Sat, 05/23/2020 - 19:26
For Chinese leader Xi Jinping it is a high-stakes power play. His move to impose tough national security laws on Hong Kong risks reigniting pro-democracy protests that plunged the city into chaos last year, increasing tensions in an already fraught relationship with the United States and undermining Hong Kong's status as a global financial hub.

China must adhere to multilateralism, market forces: Xi

Sat, 05/23/2020 - 17:40
China must adhere to multilateralism and remain open even though protectionist thinking is on the rise internationally, state broadcaster reported the country's President Xi Jinping said on Saturday, state media reported.

Criticising "meddling", Beijing says Hong Kong security laws won't harm investors

Sat, 05/23/2020 - 17:30
China's foreign ministry branch in Hong Kong hit back on Saturday at "meddling" countries and said proposed national security laws would not harm the interests of foreign investors in the city.

China could set-up Hong Kong intelligence agency under security law - former leader

Sat, 05/23/2020 - 17:30
China's new national security law may be used to establish a domestic intelligence agency in Hong Kong similar to the colonial-era Special Branch, the territory's former leader, Leung Chun-ying, said on Saturday.

Exclusive: Malaysia's Axiata in talks to buy smaller Indonesia telecom rival - CEO

Sat, 05/23/2020 - 16:57
Malaysian telecommunications company Axiata Group Bhd is in talks to buy a smaller rival in Indonesia in a share-swap deal to cut costs and competition in its biggest market, as COVID-19 hammers businesses, its CEO told Reuters.