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Activists: Morocco arrests Uyghur man at China’s request

This photo made available by Safeguard Defenders shows Yidiresi Aishan in Istanbul in 2019. Moroccan authorities have arrested the Uyghur activist in exile based on a Chinese terrorism warrant distributed by Interpol, according to information from Moroccan police and a rights group that tracks people detained by China. Activists fear Yidiresi Aishan will be extradited…

Starbucks forecasts steamy sales despite pressure in China

July 27 (Reuters) – Starbucks Corp (SBUX.O) forecast fourth-quarter sales above Wall Street estimates on Tuesday despite headwinds in China as travel restrictions related to COVID-19 loom longer than expected.The coffee chain forecast comparable sales for its current quarter to grow 18% to 21%, expecting strength in the Americas. Analysts on average expect growth of…

Sell-off in China shares extends rout in U.S.-listed shares

NEW YORK, July 27 (Reuters) – A sell-off in Chinese shares overnight in Asia extended the rout in U.S. markets on Tuesday, with a gap in volatility indexes signaling further weakness ahead, as tighter government regulations in China led investors to dump holdings.The iShares China Large-Cap ETF (FXI.P), which tracks an index of large Chinese…

Apple Floats Above China Technology Crackdown — For Now

A man uses a smartphone outside an Apple store in Beijing. (Photo by NICOLAS ASFOURI / AFP) (Photo credit should read NICOLAS ASFOURI/AFP via Getty Images) AFP via Getty ImagesThe Chinese government under President Xi Jinping has rattled investors in Chinese technology companies by announcing regulatory measures meant to curb the country’s fast-growing economy while…

China Bond Bulls Unfazed as Growing Crackdowns Spook Markets

(Bloomberg) — While Chinese markets might look bleak at the moment, the biggest government bond selloff of 2021 has some investors salivating at a buying opportunity.Risk aversion swept the country and spread globally this week after China cracked down on private-education firms. Although reassurance from state media on Wednesday helped stem a selloff in stocks,…

U.S. concern over China nukes buildup after new silos report

Military vehicles carrying DF-5B intercontinental ballistic missiles travel past Tiananmen Square during the military parade marking the 70th founding anniversary of People’s Republic of China, on its National Day in Beijing, China October 1, 2019. REUTERS/Jason Lee/File PhotoWASHINGTON, July 27 (Reuters) – The Pentagon and Republican congressmen on Tuesday aired fresh concerns about China’s build-up…

China state-owned daily urges calm after market rout

A man wearing a mask walks by the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, February 3, 2020. REUTERS/Aly SongSHANGHAI, July 28 (Reuters) – A Chinese state-owned securities newspaper urged calm on Wednesday after investors dumped mainland shares for a second day on worries over the impact of tighter government…