World stock markets rally, treasury yields fall on inflation data

US consumer spending increases, rise in inflation slows Wall Street rallies, snaps weekly losing streak Treasury yields fail Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark US Treasuries fell after data showed that US consumer spending rose in April and … Read more

China strategy is about rules-based order, not ‘new Cold War,’ Blinken says

Blinken calls China the most serious challenge to global order In response, China says both stand to gain from cooperation WASHINGTON, May 26 (Reuters) – The United States will not block China from growing its economy, but wants it to adhere to international rules, Secretary of State Antony Blinken said on Thursday in a long-awaited … Read more

Exclusive: China seeks Pacific islands policing, security cooperation

Chinese Foreign Minister Wang Yi poses for a picture prior to meeting US Secretary of State Antony Blinken on the sidelines of the G20 summit in Rome, Italy October 31, 2021. Tiziana Fabi/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register SYDNEY, May 25 (Reuters) – China will seek a region-wide deal … Read more

Stocks slump on growth concerns, bond yields slip

Stocks slide on bearish earnings, economic data China talks stimulus, but economic damage already done Euro near 4-week high as Lagarde flags July rate hike NEW YORK/LONDON, May 24 (Reuters) – Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and slowed manufacturing output, while Treasury yields dipped as … Read more

Japan scrambles jets after Russian, Chinese warplanes near airspace during Quad

TOKYO, May 24 (Reuters) – Japan scrambled jets after Russian and Chinese warplanes neared its airspace on Tuesday, when Tokyo was hosting the leaders of the Quad grouping of countries that includes the United States, Defense Minister Nobuo Kishi said. Tokyo conveyed “serious concerns” to both Russia and China through diplomatic channels, Kishi said at … Read more

Biden says no change on ‘strategic ambiguity’ as Taiwan overshadows Quad talks

TOKYO, May 24 (Reuters) – President Joe Biden said on Tuesday there was no change to a US policy of “strategic ambiguity” on Taiwan, a day after he angered China by saying he would be willing to use force to defend the democratic island . The issue of Taiwan loomed over a meeting in Tokyo … Read more

Asia stocks stifled by inflation, China concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 23 (Reuters) … Read more

US, Japan, Australia, and India to launch tracking system to monitor illegal fishing by China, Financial Times reports

Fishing boats with Chinese national flags are seen at a harbor in Tanmen, Hainan province, April 5, 2016. REUTERS/Megha Rajagopalan Register now for FREE unlimited access to Reuters.com Register May 21 (Reuters) – US, Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to curb illegal fishing in the … Read more

Australia ousts conservatives after nine years, Albanese to be prime minister

Climate key issue as conservatives punished in urban seats Morrison to quit as Liberal Party leader after loss Greens and ‘teal’ independents put on a strong showing Treasurer Frydenberg looks set to lose seat SYDNEY, May 21 (Reuters) – Australia’s Labor Party was set to end almost a decade of conservative rule as the government … Read more

US, others walk out of APEC talks about Russia’s Ukraine invasion

BANGKOK, May 21 (Reuters) – Representatives of the United States and several other nations walked out of an Asia-Pacific trade ministers meeting in Bangkok on Saturday to protest Russia’s invasion of Ukraine, officials said. The walkout was “an expression of disapproval at Russia’s illegal war of aggression in Ukraine and its economic impact in the … Read more