Cuba wins China debt relief, new funds

Cuba wins China debt relief, new funds

HAVANA, Nov 27 (Reuters) – China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders. Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to help the country cope with … Read more

Morning Bid: China crisis brewing

Nov 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the key economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets in … Read more

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a “disruptive” China while working with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined C$2.6 billion ($1.9 billion) spending, including to boost Canada’s military presence and cyber security in the … Read more

Venezuela’s frozen funds to be gradually released for humanitarian aid

MEXICO CITY, Nov 26 (Reuters) – Venezuela’s government and opposition have asked the United Nations to manage a fund for trillions of dollars now held in foreign banks, which will be gradually unfrozen to combat a humanitarian crisis in the oil-rich nation, delegates announced in Mexico City on Saturday. Sources told Reuters last month the … Read more

US Black Friday online sales hit record $9 billion despite high inflation – Adobe Analytics

Nov 26 (Reuters) – US shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3% on Black Friday, Adobe Inc’s (ADBE.O) data and insights arm Adobe Analytics said, … Read more

OPEC+ meeting to take into account market conditions – Iraqi official

CAIRO, Nov 26 (Reuters) – The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq’s state news agency quoted Saadoun Mohsen, a senior official at the country’s state oil marketer SOMO, as saying on Saturday. OPEC+’s October decision to reduce production by two million barrels per day (bpd) … Read more

Taiwan president quits as party head after China threat fails to win votes

TAIPEI, Nov 26 (Reuters) – Taiwan President Tsai Ing-wen resigned as head of the ruling Democratic Progressive Party (DPP) on Saturday after her strategy to frame local elections as showing defiance to China’s rising bellicosity failed to pay off and win public support . The elections for mayors, county chiefs and local councilors are ostensibly … Read more

Musk says he will support DeSantis if the Florida governor runs for president

WASHINGTON, Nov 25 (Reuters) – Billionaire Elon Musk said on Friday he would support Ron DeSantis in 2024 if the Florida governor, who recently coasted to a second term, were to run for president. DeSantis earlier this month defeated Democratic opponent Charlie Crist by nearly 20 percentage points to be re-elected as Florida governor and … Read more

India’s first private rocket company looks to slash satellite costs

BENGALURU, Nov 26 (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do so at half the cost of established launch companies, the founders of Skyroot Aerospace told Reuters in an interview. The Hyderabad-based company, backed by Singapore’s sovereign … Read more

Nasdaq ends down as investors eye Black Friday sales, China infections

Retailers in focus as Black Friday sales start Activision down on likely FTC lawsuit to block Microsoft deal Apple ties, Foxconn China plant sees lower shipments Indexes: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc (AAPL.O) in a … Read more