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Asian stocks see foreign outflows in May, India leads net selling Jun 6, 2024 04:24AM

By Gaurav Dogra

(Reuters) - Emerging Asian equity markets faced a second month of foreign outflows in May as robust U.S. economic data fuelled skepticism over Federal Reserve rate cuts.

Data from stock exchanges in India, Indonesia, Vietnam, Thailand, South Korea, the Philippines, and Taiwan revealed that overseas investors withdrew a net $3.58 billion out of regional equities last month, following a $4.92 billion worth of net selling in... (continue reading...)


China says it never uses EV subsidies barred by WTO Jun 6, 2024 04:14AM

BEIJING (Reuters) -China never makes use of subsidies for electric vehicles that have been prohibited by the World Trade Organization, a spokesperson for its foreign ministry said on Thursday.

Chinese companies are producing waves of low-priced EVs that some worry could harm big U.S. automakers, some of which have focused recently on big gasoline-powered sports utility vehicles.

"China's new energy products, including electric vehicles, are... (continue reading...)


China's Space Pioneer raises $207 million to fund rocket development Jun 6, 2024 04:10AM

BEIJING (Reuters) - Beijing-based rocket developer Space Pioneer said on Thursday that it had completed more than 1.5 billion yuan ($207 million) round of fundraising that will go towards financing the development of its reusable rockets.

Space Pioneer, also known as Beijing Tianbing Technology Co, is among a small group of rapidly growing private-sector rocket developers, spurred by the government's call to transform China into a major power in... (continue reading...)


A year after Greece migrant boat tragedy, answers and justice still out of reach Jun 6, 2024 04:08AM

By Karolina Tagaris , Renee Maltezou and Maya Gebeily

ATHENS/BEIRUT (Reuters) - Egyptian electrician Mahmoud Shalabi was the only person from his hometown to survive when a fishing trawler crammed with migrants capsized off Greece a year ago, killing hundreds in one of the deadliest recorded boat disasters in the Mediterranean.

Sixteen friends from Shalabi's neighborhood outside Cairo were never found. Today, their relatives call him... (continue reading...)


China says open to space cooperation with US but 'hurdles' remain Jun 6, 2024 03:54AM

BEIJING (Reuters) - China remains open towards cooperation with countries including the United States in space, the foreign ministry said on Thursday, following congratulations from U.S. space agency NASA on China's Chang'e-6 mission to the far side of the moon.

But the United States needs to remove obstacles towards further cooperation, Mao Ning, a spokesperson at the ministry, said at a regular news conference.

China is currently... (continue reading...)


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