BEIJING/NEW YORK (Reuters) - The CEO of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested by U.S. police on suspicion of criminal sexual conduct and later released in what police said was an ongoing investigation. JD.com said in a statement that the accusation against Liu, 45, was unsubstantiated and “local police quickly determined…
Image copyright Reuters Image caption President Rouhani visited Sarpol-e Zahab on Tuesday - the buildings behind him highlight the difference in damage between privately-built and state-built homes Iranians living outdoors in bitterly cold temperatures after an earthquake are making desperate pleas for help.About 540 people were killed and close to 8,000 injured when the quake…
WASHINGTON — Diplomatic pressure from the United States and Britain, Saudi Arabia’s biggest arms suppliers, abruptly intensified on Wednesday for a cease-fire in the Yemen war, the world’s worst man-made humanitarian disaster. The calls for a halt to the three-and-a-half-year-old conflict — made by Secretary of State Mike Pompeo, his British counterpart, Jeremy Hunt, and…
WHEN an emerging market loses favour with its creditors, how should its government respond? The policy prescriptions do not typically include intimidating the central bank, railing against the “interest-rate lobby”, falling out with allies, eschewing the IMF’s help, pouring scorn on the dollar or appointing the president’s son-in-law as finance minister. Turkey has done all…
WASHINGTON — The Justice Department has secretly filed criminal charges against the WikiLeaks founder, Julian Assange, a person familiar with the case said, marking a drastic escalation of the government’s yearslong battle with him and his anti-secrecy group. Top Justice Department officials told prosecutors over the summer that they could start drafting a complaint against…
Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday. “The US-China conflict—it’s not a positive, it’s not something that is going to help growth [in China] but neither is it going to necessarily impact the overall macro economy,” said Jonathan…
DEBT stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the…
BRAZILIANS FACE an awful choice. One candidate in the presidential run-off on October 28th is Jair Bolsonaro, a seven-term congressman who venerates dictators and guns, goads police to kill suspected criminals, threatens to banish opponents and belittles women, blacks and gays. His rival is Fernando Haddad, the nominee of the leftist Workers’ Party(PT). Its 13…
How has the king of buy-and-hold investment fared in China? Not bad, based on a bet Warren Buffett made a decade ago. On Sept. 26, 2008, Berkshire Hathaway Inc. (brk-b) agreed to buy what is now equivalent to 24.59% of BYD Co.’s Hong Kong-traded stock. Those shares in what is now China’s biggest maker of…
Brendan McDermid/Reuters Stocks staged a recovery early on Friday following tame inflation data. The Dow Jones industrial average fell more than a thousand points between Tuesday and Thursday. Watch US indexes trade in real time here. Following the worst couple of days on Wall Street since February, stocks staged a recovery on Friday amid signs…
