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(Corrects spelling in paragraph 3 to “Hongzhong” and adds dropped word “minister” in paragraph 1) SEOUL (Reuters) – North Korean leader Kim Jong Un met with Russia’s defence minister Sergei Shoigu on Wednesday who was on a rare visit to the isolated country during which both sides pledged to boost ties, state media KCNA reported. Shoigu handed Kim a letter from Russian President Vladimir Putin, the report said. Kim in […]

By Hannah Lang WASHINGTON (Reuters) -A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry. The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies. The bill […]

(Reuters) – Australian investment bank Macquarie Group flagged a lower quarterly profit on Thursday, sending its shares over 4% lower in early trade, as contributions from its asset management business as well as banking and financial services fell. Macquarie did not disclose the profit figure in its quarterly update, but said low green energy investment-related income at its asset management arm weighed on earnings. With a softer first quarter, it […]

SYDNEY (Reuters) – U.S. Secretary of State Antony Blinken said on Thursday the door was open for New Zealand to engage with the AUKUS project as appropriate. The multi-stage AUKUS project announced in March is planned to culminate in the late 2030s and early 2040s with British and Australian production and operation of a new submarine class – SSN-AUKUS – and include “cutting edge” U.S. technologies. “The door’s very much […]

By Hannah Lang WASHINGTON (Reuters) -A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry. The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies. The bill […]

By Joyce Lee and Ju-min Park SEOUL (Reuters) -Samsung Electronics flagged on Thursday a gradual global chip demand recovery after an ongoing glut led to continued losses in the technology giant’s key business in the June quarter, despite a production cut. “Looking to the second half of the year, the (memory chip) market is expected to gradually move toward stability considering increasing production cuts in the industry,” the world’s biggest […]

By Hannah Lang WASHINGTON (Reuters) -A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry. The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies. The bill […]

WELLINGTON (Reuters) – U.S. Secretary of State Antony Blinken on Thursday called for the immediate release of Niger President Mohamed Bazoum. Bazoum has been removed from power, according to a group of soldiers who appeared on the West African nation’s national television late on Wednesday, hours after the president was held in the presidential palace. “Whether this constitutes a coup technically or not, I can’t say, that’s for the lawyers […]

By Summer Zhen and Patturaja Murugaboopathy HONG KONG (Reuters) – Global investors are increasingly choosing to bypass China’s markets in favour of other emerging countries that are either gaining from the geopolitical and growth risks stalking the world’s second-biggest economy or are far removed from them. Reuters analysis shows a massive jump in the assets of emerging market (EM) mutual funds and exchange traded funds (ETFs) that exclude China as […]