BEIJING/HONG KONG (Reuters) – A top executive at China International Capital Corp (CICC) is set to join Chinese sovereign wealth fund CIC after exiting the investment bank to avoid a potential conflict of interest given his brother now heads China’s securities regulator, six sources said. Wu Bo, who was most recently the president and chief …
By Mei Mei Chu BEIJING (Reuters) -China’s soybean imports in March tumbled to their lowest for the month in four years, data showed on Friday, as high prices and poor hog margins discouraged crushing for feed consumption. Total imports for the month came to 5.54 million metric tons, down nearly 20% from the same period …
China March soybean imports shrink to lowest in four years Read More »
BEIJING (Reuters) – China’s iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday break as steelmakers typically ramp up production. The world’s largest iron ore consumer brought in 100.72 million metric tons of the …
China March iron ore imports edge up, steel exports near 8-year high Read More »
By Phuong Nguyen, Kane Wu and Yantoultra Ngui HANOI/HONG KONG (Reuters) – CVC Capital Partners has exited Vietnam’s fourth-biggest private commercial lender, Asia Commercial Bank (ACB), after its investment unit disposed of its remaining 4.99% stake for around $220 million, three people with knowledge of the matter said. The Europe-based alternative investment firm had disposed …
CVC Capital Partners exits Vietnam’s Asia Commercial Bank, sources say Read More »
Verona, Italy (Reuters) – China is puzzled by the European Union’s decision to open probes into some of the products it exports to the bloc, including electric cars, Commerce Minister Wang Wentao said on Friday. “We fail to understand how the EU commission carries the banner of sustainable and green development and then takes protectionist …
China puzzled by EU probes on EVs, solar panels, wind turbines, minister says Read More »
BEIJING (Reuters) -China’s crude oil imports in March fell from high levels a year earlier but remained strong amid a surge in Russian shipments, official data showed on Friday. Crude imports in March totalled 49.05 million metric tons, or about 11.55 million barrels per day (bpd), data from the General Administration of Customs showed. That …
China’s March crude imports slip 6% but rise slightly in Q1 Read More »
By Ellen Zhang and Joe Cash BEIJING (Reuters) -China’s March exports contracted sharply, while imports also unexpectedly shrank, both undershooting market forecasts by big margins, customs data showed on Friday, highlighting the stiff task facing policymakers as they try to bolster a shaky economic recovery. Shipments from China slumped 7.5% year-on-year last month, marking the …
China’s March exports and imports shrink, miss forecasts by big margins Read More »
(Reuters) – China’s imports of copper and iron ore rose in March from a year earlier, while those of crude oil and soybeans fell, data from the General Administration of Customs showed on Friday. China’s March exports fell 7.5% year-on-year, while imports unexpectedly shrank 1.9%, both undershooting market forecasts by large margins, the customs data …
Instant View: China’s March imports of copper and iron ore rise y/y Read More »
By Ellen Zhang and David Kirton BEIJING (Reuters) – Foreign buyers will throng the vast halls of China’s biggest trade expo from Monday, scouting for deals on Chinese goods that U.S. and European governments complain are flooding global markets. The 135th Canton Fair comes as China is making a strategic policy shift, accelerating resource distribution …
‘Low price’ is the word at China’s largest trade show Read More »
By Khanh Vu HANOI (Reuters) -A court in Vietnam handed the death sentence on Thursday to real estate tycoon Truong My Lan for her role in a 304-trillion-dong ($12.5-billion) financial fraud, the country’s biggest on record, state media said. Her trial, begun on March 5 and ending earlier than planned, was one dramatic result of …
Vietnam tycoon sentenced to death in $12.5 billion fraud case Read More »
