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Sika targets growth from China renovation market, global data centres

Sika targets growth from China renovation market, global data centres

June 5 (Reuters) - Sika sees growth opportunities in China's renovation market and infrastructure construction in the U.S., the Swiss construction chemicals manufacturer's CEO Thomas Hasler said in an interview with Finanz und Wirtschaft published on Friday.

Rubio says China cannot erase memories of Tiananmen Square crackdown

Rubio says China cannot erase memories of Tiananmen Square crackdown

By Michael Martina WASHINGTON, June 3 (Reuters) - Beijing's censorship cannot erase memories of its 1989 military assault on peaceful demonstrators in Tiananmen Square, U.S. Secretary of State Marco Rubio said on Wednesday, ahead of the anniversary of China's violent suppression there.

Trump's latest tariff salvo no fix for global issue of forced labor

Trump's latest tariff salvo no fix for global issue of forced labor

By Olivia Le Poidevin, Christoph Steitz and Josephine Mason LONDON, June 5 (Reuters) - President Donald Trump's threat to slap new tariffs on trade partners the U.S. accuses of failing to crack down on forced labour will do little to fight modern slavery — and could even make things worse, experts,

Take Five: Houston, we have an IPO

Take Five: Houston, we have an IPO

June 5 (Reuters) - The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday seems nailed on.

China to tighten oversight of private investment funds

China to tighten oversight of private investment funds

BEIJING/SHANGHAI, June 5 (Reuters) - China on Friday tightened oversight of the country's 23 trillion yuan ($3.40 trillion) private fund industry, in a bid to reduce financial risks and channel money into technology innovation and emerging industries.

A Hong Kong artist trying to mark the Tiananmen crackdown is quickly stopped by police

A Hong Kong artist trying to mark the Tiananmen crackdown is quickly stopped by police

A performance artist in Hong Kong has tried to display a red thread to commemorate the victims of the 1989 Tiananmen Square crackdown in Beijing

Yen pinned near intervention zone; dollar boosted by Gulf tensions

Yen pinned near intervention zone; dollar boosted by Gulf tensions

By Amanda Cooper LONDON, June 5 (Reuters) - The Japanese yen tested the 160-per-dollar barrier on Friday, drawing sharp official warnings, as the dollar held firm ahead of key U.S. employment data and Middle East tensions underpinned safe-haven demand.

China's State Buyer CMRG Seeks Scrutiny of Fortescue's New Iron-Ore Product Amid Contract Negotiations

China's State Buyer CMRG Seeks Scrutiny of Fortescue's New Iron-Ore Product Amid Contract Negotiations

China Mineral Resources Group (CMRG), a state-backed iron-ore buyer, has instructed certain steel mills to inquire about the quality of Fortescue Metals Group's new low-grade iron-ore product, Fortune Fines. This development comes as negotiations for a long-term supply contract between CMRG and Fortescue face challenges. The Fortune Fines product, which has not yet been shipped, is under scrutiny as CMRG seeks to ensure its quality. Despite BHP Group successfully reaching a settlement with CMRG earlier this year, Fortescue's talks have not progressed as smoothly. The Australian miner is expected to finalize a long-term agreement with CMRG in the coming months, with current short-term arrangements extended during ongoing negotiations. Fortescue's spokesperson confirmed ongoing engagement with CMRG but declined to comment on the confidential discussions.

Oil market could be underpricing risks, Vitol's Bahrain chief says

Oil market could be underpricing risks, Vitol's Bahrain chief says

LONDON, June 2 (Reuters) - The oil market is underpricing some risks from the Iran war, global commodity trading house Vitol's managing director for Bahrain, Tom Baker, said on Tuesday.

A Hong Kong artist tries to mark the Tiananmen crackdown. He was quickly stopped by police

A Hong Kong artist tries to mark the Tiananmen crackdown. He was quickly stopped by police

A performance artist in Hong Kong has tried to display a red thread to remember the victims of the 1989 Tiananmen Square crackdown

Tesla extends Chinese-made EV growth as sales surge in May

Tesla extends Chinese-made EV growth as sales surge in May

BEIJING, June 2 (Reuters) - Tesla's Chinese-made electric vehicle sales jumped 39.4% from a year earlier in May, marking a seventh consecutive month of growth as it held its ground against Chinese rivals.

Analysis-China's real estate funk drags down yet another sector: property service providers

Analysis-China's real estate funk drags down yet another sector: property service providers

By Clare Jim and Liangping Gao June 3 (Reuters) - Providers of property services in China are struggling to collect management fees from disgruntled homeowners, threatening their revenue and house prices in general, while making them the latest victim of the country's prolonged real estate slump.