Asia security summit begins amid US-China tensions

Asia security summit begins amid US-China tensions

(1/8) Singapore’s Minister of Defense Dr Ng Eng Hen meets with U.S. Secretary of Defense Lloyd Austin on the sidelines of the 20th Shangri-La Dialogue in Singapore June 2, 2023. Singapore Ministry of Defense/Handout via REUTERS SINGAPORE, June 2 (Reuters) – Asia’s highest security meeting opened on Friday, with heightened competition between the United States … Read more

Exclusive: US seeks explosives in Japan for Ukrainian artillery shells

Exclusive: US seeks explosives in Japan for Ukrainian artillery shells

TOKYO, June 2 (Reuters) – The United States seeks to secure Japan’s supply of TNT for 155mm artillery shells, as Washington sends weapons and ammunition to Ukraine for a counter-offensive against Russian forces, two people familiar with the matter told Reuters. For war-absent Japan, any purchase would test its willingness to court controversy to help … Read more

North Korea promises another spy satellite launch attempt

North Korea promises another spy satellite launch attempt

(1/3) A still photograph shows what appears to be North Korea’s new Chollima-1 rocket launched in Cholsan County, North Korea on May 31, 2023 in this image released by Korea Central News Agency. North and taken from a video. KCNA via REUTERS SEOUL, June 1 (Reuters) – North Korea’s Kim Yo Jong, sister of leader … Read more

Chinese tech entrepreneurs keen to ‘de-China’ as tensions with US soar

Chinese tech entrepreneurs keen to ‘de-China’ as tensions with US soar

SHENZHEN, China, May 31 (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the United States is becoming increasingly difficult. Prior to 2019, there were few major barriers to a Chinese company doing business in the United States from China. But amid escalating trade tensions between the United States and China, particularly after Washington … Read more

North Korea launches space satellite; warnings lifted in South Korea and Japan

North Korea launches space satellite;  warnings lifted in South Korea and Japan

SEOUL/TOKYO, May 31 (Reuters) – North Korea launched what it calls a space satellite southwards on Wednesday, the South Korean military said, triggering emergency alerts and brief warnings of evacuation in parts of South Korea and Japan. North Korea had said it would launch its first military reconnaissance satellite between May 31 and June 11 … Read more

Asian stocks plunge as investors ponder consequences of US debt deal

Asian stocks plunge as investors ponder consequences of US debt deal

SYDNEY, May 30 (Reuters) – Asian stocks lost their first gains on Tuesday as relief that a possible U.S. government default had been averted gave way to fears that the debt ceiling suspension agreement is not a compromise that would have negative consequences. The package still needs to be approved by the Republican-controlled House of … Read more

Stocks rise on US debt ceiling deal, but China lags

Stocks rise on US debt ceiling deal, but China lags

Asian scholarships: Nikkei jumps 1% to new 33-year high as US futures rise The dollar remains high and hits a 6-month high against the yen Closure of Treasury treasuries, rise in oil prices Markets return to price of Fed rate hike next month SYDNEY, May 29 (Reuters) – Asian stocks and Wall Street futures rose … Read more

China urges Japan to lift export restrictions on chips

China urges Japan to lift export restrictions on chips

BEIJING, May 29 (Reuters) – Chinese Commerce Minister Wang Wentao has urged Japan to suspend controls on semiconductor exports, calling it a “wrongdoing” that “seriously violates” economic rules and international trade, said a statement from his ministry on Monday. China’s latest condemnation of the export restrictions came during Wang’s talks with Japanese Commerce Minister Yasutoshi … Read more

Singapore’s Temasek slashes pay for staff responsible for FTX investment

Singapore’s Temasek slashes pay for staff responsible for FTX investment

No misconduct from the Temasek investment team The team, senior management took “collective responsibility” Temasek did not specify the amount of the reduced compensation May 29 (Reuters) – Singaporean state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in cryptocurrency exchange FTX, now bankrupt, as … Read more

North Korea notifies Japan of plans to launch satellite

North Korea notifies Japan of plans to launch satellite

SEOUL/TOKYO, May 29 (Reuters) – North Korea has notified Japan of plans to launch a satellite between May 31 and June 11, a Japanese coastguard official said on Monday. Analysts say the military satellite is part of efforts by nuclear-armed North Korea to advance surveillance technology, including drones, to improve its ability to strike targets … Read more