Chinese President Xi travels overseas to promote his strategic role

BEIJING (AP) — President Xi Jinping is using his first overseas trip since the start of the pandemic to promote China’s strategic ambitions during a summit with Russia’s Vladimir Putin and other leaders of a Central Asian security group. Chinese leader promotes ‘Global Security Initiative’ announced in April following formation of Quad by Washington, Japan, … Read more

Hong Kong’s Hang Seng rises 2%, leads Asian markets higher after Powell’s inflation comments

HSBC says latest inflation readings from China allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to remain dovish,” said China economist Erin Xin. Xin added … Read more

Xi and Putin set to meet for the first time since the war in Ukraine | Business and economy

Chinese and Russian leaders are expected to meet on the sidelines of the Shanghai Cooperation Organization summit in Uzbekistan. Chinese President Xi Jinping and Russian President Vladimir Putin are set to meet next week in Uzbekistan, as Beijing and Moscow step up economic cooperation in the face of Western censorship and sanctions. The two leaders … Read more

Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Hong Kong court finds five guilty of sedition over sheep books | Politics News

The five people will be sentenced on Saturday and face up to two years in prison for publishing books aimed at explaining the democratic movement to children. A Hong Kong court has convicted five speech therapists of sedition over a series of illustrated children’s books depicting the city’s pro-democracy supporters as sheep defending their village … Read more

Putin says Russia has ‘lost nothing’ on Ukraine stocks as country looks east for economic aid

Speaking at an economic forum in the Far Eastern city of Vladivostok, Putin tried to defend the costs of what he called his country’s “special military operation” in Ukraine, despite recent reports from the Western intelligence services indicating that Russia is facing severe shortages military personnel and equipment. “We have not lost anything and are … Read more

Chinese Xi and Russian Putin will meet next week in Central Asia (Russian state media)

The scheduled meeting at the Shanghai Cooperation Organization (SCO) summit would be the first face-to-face between the two leaders, who have established a close relationship, since the Russian invasion of Ukraine earlier this year. It would also be Xi’s first overseas trip since the early days of the coronavirus pandemic, and would come just weeks … Read more

Asia-Pacific markets are trading lower; China’s trade data in August beats expectations

Pakistan pays price for climate crisis caused by other countries: minister Pakistan is facing the worst consequences of the climate crisis, thanks in part to actions by the developed world, Finance Minister Miftah Ismail has said, as the country battles the worst floods in its history. Ismail joins a chorus of supporters from the flooded … Read more

Asia-Pacific markets are trading lower; China’s trade data in August beats expectations

Pakistan pays price for climate crisis caused by other countries: minister Pakistan is facing the worst consequences of the climate crisis, thanks in part to actions by the developed world, Finance Minister Miftah Ismail has said, as the country battles the worst floods in its history. Ismail joins a chorus of supporters from the flooded … Read more