Friday, August 23, 2019
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HONG KONG/FRANKFURT (Reuters) - Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said. The move by VW, the largest foreign automaker in China, to buy...
JAKARTA (Reuters) - Shanti Ramchand learned quickly what was expected when she began campaigning in Jakarta for Indonesia’s national parliament – distribute envelopes of cash at a small campaign event, and gift a motorcycle or an airconditioning unit to the community leader. Ramchand, an aspiring politician from the National Democrat Party, part of...
WASHINGTON (Reuters) - South Korean President Moon Jae-in will meet U.S. President Donald Trump on Thursday hoping to help put denuclearization talks with North Korea back on track after a failed summit between the United States and North Korean leaders in February. Moon arrived in Washington late on Wednesday and is due to...
JERUSALEM (Reuters) - Both Prime Minister Benjamin Netanyahu and his main challenger Benny Gantz claimed victory in Israel’s election but early results indicated on Wednesday the veteran right-wing leader was on course for a record fifth term. Partial results with 95 percent of votes counted showed Netanyahu’s Likud party tied with Gantz’s...
SEOUL (Reuters) - North Korea will hold a plenary session of its ruling party’s central committee on Wednesday, a day after leader Kim Jong Un chaired a politburo meeting to discuss ways to make progress under the “prevailing tense situation”, state media reported. The plenary session, which occurs regularly, comes in the wake of...
TOKYO (Reuters) - Search and rescue teams found wreckage belonging to a Japanese Lockheed Martin F-35 stealth fighter that disappeared on Tuesday over the Pacific Ocean close to northern Japan, a military spokesman said on Wednesday. “We recovered the wreckage and determined it was from the F-35,” a spokesman for the Air Self...
HONG KONG (Reuters) - News outlet Caixin Media Company Ltd, founded by one of China’s most respected journalists, Hu Shuli, is seeking to raise up to $200 million in its latest funding round to finance growth, said two people with direct knowledge of the matter. The Beijing-based firm is looking to raise $100 million...
HONG KONG (Reuters) - A Hong Kong court found leaders of the 2014 “Occupy” civil disobedience movement guilty on Tuesday of public nuisance charges during the mass protests, in a landmark verdict that comes as the China-ruled city’s freedoms come under strain. Scores of supporters clapped in support of the nine defendants including a...
(Reuters) - The U.S. economy is strong and Wall Street has reformed practices that contributed to the financial crisis a decade ago, chief executives of some of the largest U.S. banks said in prepared testimony released by the House Financial Services Committee late on Monday. But in discussing all the progress that has been...
BEIJING (Reuters) - China will relax residency curbs in many of its smaller cities this year and increase infrastructure spending, the state planner said on Monday, in a fresh push to boost the urban population and revive slowing economic growth. The National Development and Reform Commission (NDRC) said it aims to increase China’s...

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