Page 55 - Additional Reporting News Today

OPEC+ sees oil market deficit despite weaker demand OPEC+ expects deep output cuts will keep the global oil market in deficit throughout the year, even though the producer group has revised down 2021 demand growth, a document seen by Reuters shows. A Joint Technical Committee (JTC) of the alliance, which met on Tuesday, reviewed the demand outlook and countries’ compliance with agreed output cuts. A ministerial panel meets to review the market on Wednesday. Under a base case scenario, the JTC...

4 Min Read WASHINGTON/MOSCOW (Reuters) - The United States and Russia said on Wednesday they had extended the New START arms control treaty for five years, preserving the last treaty limiting deployments of the world’s two largest strategic nuclear arsenals. Newly confirmed U.S. Secretary of State Antony Blinken addresses reporters during his first press briefing at the State Department in Washington, U.S., January 27, 2021. REUTERS/Carlos Barria/Pool/Files The pact, due to expire on Friday, ...

3 Min Read WASHINGTON (Reuters) - The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with the matter said, providing a brief reprieve to Beijing’s top corporates amid a broader crackdown by Washington. Washington nonetheless plans to move forward this week with a bid to add as many as nine other Chinese companies to the list, one of the people said. The decision to shelve plans to add the Chinese tech giants is a blow ...

FILE PHOTO: Buildings of residential compounds are seen in Shanghai BEIJING (Reuters) – China’s home prices are expected to rise at a slower pace this year while sales will likely remain steady, as Beijing shifts its focus to tackling rising debt risks in the sector as the economy recovers, a Reuters poll showed. The residential property market recovered quickly in 2020 benefiting from lower mortgage interest rates and a marginal relaxation of some official curbs on buyers, offering muc...

Growth in Chinas home prices to cool in 2021, sales flat 01/31/2021 | 11:35pm EDT Send by mail : Message : * Sales seen flat with last year, property investment up 6.4% * Property market restrained by stringent regulatory curbs BEIJING, Feb 1 (Reuters) - Chinas home prices are expected to rise at a slower pace this year while sales will likely remain steady, as Beijing shifts its focus to tackling rising debt risks in the sector as the economy recovers, a Reuters poll showed. The residential pr...

British online fashion retailer ASOS is on the verge of a deal to buy Topshop and Miss Selfridge from the administrators of British tycoon Philip Greens Arcadia Group for almost 300 million pounds... | February 4, 2021

IQiyi, China's answer to Netflix, will offer free movies and television shows in some areas over the Lunar New Year holiday, after Beijing urged platforms to drop their paywalls with many people stuck at home to help combat the pandemic.

LONDON (Reuters) - British airline easyJet reported an 88% slump in quarterly revenues as passenger numbers collapsed 87%, hit by the second wave of the

The Biden administration will work to safeguard American telecoms networks from "untrusted vendors" like Huawei Technologies Co Ltd that threaten ...

27 Jan 2021 / 17:11 H. * Consortium did not meet requirements - governor * Cancellation setback for Presidents China policy * Chinas CCCC among U.S. blacklisted firms * China urges fair treatment for its companies (Recasts, adds details, background throughout) By Neil Jerome Morales and Karen Lema MANILA, Jan 27 (Reuters) - A Philippine province has cancelled a decision to award $10 billion airport project to a consortium led by a Chinese state firm, dealing a blow to President Rodrigo Duterte...