Chinese property developer Shimao misses repayment on $1 billion bond

Chinese property developer Shimao misses repayment on $1 billion bond

HONG KONG, July 3 (Reuters) – Chinese property developer Shimao Group (0813.HK) has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China’s embattled property market. The non-repayment was the first missed public offshore payment for the Shanghai-based developer. With an outstanding $6.1 billion … Read more

WHO: Monkeypox Cases in Europe Have Tripled in Last 2 Weeks

The World Health Organization’s Europe chief warned Friday that monkeypox cases in the region have tripled in the last two weeks and urged countries to do more to ensure the previously rare disease does not become entrenched on the continent. And African health authorities said they are treating the expanding monkeypox outbreak as an emergency, … Read more

Nadal steps over the mark as he gives Sonego a dressing down

Nadal steps over the mark as he gives Sonego a dressing down

LONDON, July 2 (Reuters) – Playing Rafael Nadal on clay is considered to be one of the most frustrating challenges in tennis. On Saturday’s evidence, playing him on grass can be just as infuriating – just ask Lorenzo Sonego. The Italian had boldly talked up his chances of halting the Spaniard’s charge towards a rare … Read more

Boeing disappointed after China’s top three airlines buy 300 Airbus planes

Boeing disappointed after China's top three airlines buy 300 Airbus planes

The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker// Register now for FREE unlimited access to Reuters.com Register July 1 (Reuters) – Boeing Co (BA.N) said on Friday “it is disappointing that geopolitical differences continue to constrain … Read more

Russia seizes control of Sakhalin gas project, raises stakes with West

Russia seizes control of Sakhalin gas project, raises stakes with West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening Western sanctions Move raises risks for Western firms still in Russia Shell was already in talks to sell up Sakhalin stake TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with the West and its … Read more

Vatican runner to compete in half marathon at Med Games

Vatican runner to compete in half marathon at Med Games

VATICAN CITY (AP) — The daughter of a Vatican employee will represent “the pope’s team” by competing in the half marathon at the Mediterranean Games in Oran, Algeria, on Friday. It will mark the biggest event yet for Vatican Athleticsthe latest iteration of the Holy See’s longstanding promotion of sport as an instrument of dialogue, … Read more

Stocks swing higher as China eases quarantine rules

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory … Read more

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first … Read more

WHO panel: Monkeypox not a global emergency ‘at this stage’

WHO panel: Monkeypox not a global emergency 'at this stage'

LONDON (AP) — The World Health Organization said the escalating monkeypox outbreak in more than 50 countries should be closely monitored but does not warrant being declared a global health emergency. In a statement Saturday, a WHO emergency committee said many aspects of the outbreak were “unusual” and acknowledged that monkeypox — which is endemic … Read more

Did corporate greed fuel inflation? It’s not biggest culprit

Did corporate greed fuel inflation? It's not biggest culprit

WASHINGTON (AP) — Furious about surging prices at the gas station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits. Responding to that sentiment, the Democratic-led House of Representatives last month passed on a party-line vote — most Democrats … Read more