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Chinese firms say EU business conditions have deteriorated for sixth year

BRUSSELS (Reuters) -Chinese companies in the European Union say business conditions in the bloc have deteriorated for a sixth consecutive year, with rising labour costs and political challenges pressuring their operations, according to a survey published on Wednesday. The survey for the China Chamber of Commerce to the EU of 200 Chinese companies and organisations …

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Australian spy chief says Chinese hackers probing telecoms, key facilities

By Kirsty Needham SYDNEY (Reuters) -Australia’s spy chief said on Wednesday hackers working for China’s government and military had probed the country’s telecoms network and key infrastructure, warning against the risk of economic disruption from sabotage. China dismissed the remarks as a “false narrative”, however. Mike Burgess, the director general of security for the Australian …

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Chinese refiners’ term oil volumes from Saudi Arabia to drop in December, sources say

By Siyi Liu and Florence Tan SINGAPORE (Reuters) -Saudi Arabia is expected to export at least 36 million barrels of crude oil to China, slightly less than the previous month, several sources with knowledge of the matter said on Wednesday. The expected drop in supply from the world’s top exporter to the world’s largest oil …

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Analysis-China’s soybean glut could defeat US export hopes after trade thaw

By Naveen Thukral and Ella Cao SINGAPORE/BEIJING (Reuters) -China is grappling with a glut of soybeans after months of record imports, curbing prospects for U.S. exports despite a recent trade truce that Washington said includes a pledge by Beijing to resume heavy purchases. Traders and analysts warn that vast stockpiles at ports and in state …

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Japan to pledge bold spending increase in stimulus package, draft shows

By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government will pledge to increase spending “without hesitation” to support an economy on the cusp of emerging from stagnation, according to a draft of premier Sanae Takaichi’s stimulus package seen by Reuters on Wednesday. While the draft does not mention the size of spending, it calls for “bold and …

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Japan prime minister ‘strongly hopes’ BOJ achieves wage-driven inflation

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi said she “strongly hopes” the central bank achieves inflation driven by wages rather than primarily through rising food costs, signaling her administration’s preference for interest rates to stay low. Speaking in parliament on Wednesday, Takaichi said Japan still faced the risk of …

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Thai king’s historic state visit to China signals closer ties

By Panu Wongcha-um BANGKOK (Reuters) -When King Maha Vajiralongkorn arrives in Beijing on Thursday, he will become the first reigning Thai monarch to make a state visit to China, in what analysts say is a sign of the Asian giant’s increasing influence on his kingdom. A constitutional monarchy since 1932, Thailand has used royal visits …

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Gulfstream says US business jet demand strong but China slow due to trade tensions

By Allison Lampert (Reuters) -U.S. trade tensions have slowed opportunities for business jet deals in China, the president of corporate planemaker Gulfstream Aerospace said, in a rare case of demand softening in an otherwise upbeat global market for private aircraft. U.S.-based Gulfstream Aerospace, a division of General Dynamics, is set to grow output of its …

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Australia’s MinRes inks $765 million deal with POSCO for lithium JV stake, shares surge

MELBOURNE (Reuters) -Australia’s Mineral Resources said on Wednesday it would sell a 30% stake in part of its lithium business to South Korea’s POSCO for $765 million to reduce debt, sending its shares to a more than one-year high. MinRes shares gained as much as 10.8% to hit their highest since October 11 last year, …

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Asian equities witness over $10 billion foreign outflows in November as AI rally stalls

(Reuters) -Asian equities witnessed steep cross-border outflows in the first week of November as investors booked profits on caution over lofty tech valuations and uncertainty about the sustainability of an extended market rally. Foreigners divested approximately $10.18 billion worth of stocks in Taiwan, South Korea, India, Thailand, Indonesia, Vietnam and the Philippines for the week …

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