China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial sector, people with knowledge of the matter said.
Brazilian President Luiz Inacio Lula da Silva said on Tuesday that Danish Prime Minister Mette Frederiksen has told him that her country wants to contribute to the Amazon Fund, a Brazil-led initiative aimed at fighting deforestation.
Tropical storm Talim strengthened into a typhoon early on Monday and is set to be the first this year to make landfall in China, the national weather forecaster said, while authorities cancelled flights and urged residents to stay at home.
China's National Meteorological Center expects Typhoon Talim to move to the Beibu Gulf in the South China Sea, and says it may make a second landfall in the coastal area of Guangxi Zhuang Autonomous Region on Tuesday morning, state media Xinhua reported.