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

Exclusive: EU antitrust regulators ramp up Microsoft scrutiny, probe likely – sources

BRUSSELS, Nov 24 (Reuters) – Microsoft ( MSFT.O ) is likely to face an EU antitrust investigation as regulators intensify their scrutiny into its practices in a case triggered by Salesforce.com’s ( CRM.N ) workspace messaging app Slack, people familiar with the matter said on Thursday. Last year, Slack complained to the European Commission, saying … Read more

Weapons industry booms as Eastern Europe arms Ukraine

E. Europe arms companies step up production for Ukraine Hope to find new markets as defense spends rise Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among big suppliers of military aid to Kyiv Industry’s history stretches from the 1800s and through the Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern Europe’s arms … Read more

Exclusive: Russians, Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

RIYADH, Nov 24 (Reuters) – Representatives from Russia and Ukraine met in the United Arab Emirates last week to discuss the possibility of a prisoner-of-war swap that would be linked to a resumption of Russian ammonia exports, which go to Asia and Africa, via a Ukrainian pipeline, three sources with knowledge of the meeting said. … Read more

Indian tycoon Adani’s mega port hangs in the balance as a fishing community protests

VIZHINJAM, India, Nov 23 (Reuters) – On the main road to billionaire Gautam Adani’s planned Vizhinjam mega port on the southern tip of India, a shelter built by the coastal region’s Christian fishing community blocks the entrance, preventing further construction. The simple 1,200 square-feet structure with a corrugated-iron roof has since August stood in the … Read more

Explainer: Who is Malaysia’s king and why is he picking the prime minister?

KUALA LUMPUR, Nov 22 (Reuters) – Malaysian King Al-Sultan Abdullah Sultan Ahmad Shah is in the spotlight as he mulls his choice on who will be the country’s next prime minister, after an election left no party with a majority in parliament and coalition talks failed. Al-Sultan Abdullah on Tuesday said he would “soon” decide … Read more

Exclusive: China set to fine Ant Group over $1 trillion, signaling revamp nears end-sources

HONG KONG, Nov 22 (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The People’s Bank of China (PBOC), which has been driving … Read more

Children at school among 162 dead in Indonesia earthquake

Death toll from 5.6-magnitude earthquake expected to rise Dozens remain trapped in the rubble – officials President CIANJUR, Indonesia, Nov 22 (Reuters) – Children killed when their schools collapsed accounted for many of the 162 dead in an earthquake that devastated a town on Indonesia’s main island of Java, an official said on Tuesday, as … Read more

EXCLUSIVE Bankman-Fried’s FTX, parents bought Bahamas property worth $121 million

FTX unit bought 7 condos in high-end resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 … Read more