BEIJING (Reuters) -China’s car sales accelerated in September, the traditional peak season for the auto market, as dealers and consumers took advantage of trade-in subsidies before more local governments suspended the incentives. Domestic car sales rose 6.6% year-on-year to 2.27 million units, following a 4.9% increase in August, data from the China Passenger Car Association …
China’s car sales pick up speed in ‘Golden September’ Read More »
(Corrects to show China’s seaborne crude oil imports fell in September on the month to their lowest since January, not May, after a senior Kpler analyst revised statement, in paragraph 7) By Sam Li and Lewis Jackson BEIJING (Reuters) -China’s crude oil imports rose 3.9% in September from a year earlier as refineries operated at …
China’s September oil imports rise 3.9% on year, drop 4.5% from August Read More »
By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s iron ore imports in September climbed 10.6% from the month before to hit a record high for a single month, as improving demand and higher prices spurred miners to step up shipments. The world’s largest iron ore consumer brought in 116.33 million metric tons of the …
China’s iron ore imports rise to a record in September Read More »
BEIJING (Reuters) -China’s coal imports rose to a nine-month high in September as rising domestic prices made imported coal more competitive, but shipments remained below year-earlier levels, customs data showed on Monday. Coal imports by China, the world’s largest consumer of the fuel, totaled 46 million metric tons last month, according to China’s General Administration …
China’s September coal imports rise to nine-month high Read More »
By Scott Murdoch (Reuters) -China Vanke Chairman Xin Jie resigned on the weekend, the state-backed property developer said on Monday, sending its shares lower in early trading. Director and audit committee member Huang Liping will take over as the developer’s chairman, Vanke said in a Hong Kong Stock Exchange announcement. Huang has been a director …
China property developer Vanke chairman quits, shares down Read More »
BEIJING (Reuters) -China’s export growth picked up pace in September, expanding 8.3% from a year earlier in dollar value terms, while imports grew 7.4%, customs data showed on Monday. Outbound shipments were expected to have risen an annual 6.0%, according to a Reuters poll of economists, up from a 4.4% gain in August. Imports were …
China’s September dollar-denominated exports rise 8.3% y/y, imports up 7.4% Read More »
(Reuters) -Several cargoes of BHP iron ore were put up for sale in China on Thursday and at least one was sold to a local trader, potentially defusing concerns in Australia that Beijing had imposed a ban on iron ore sales from the world’s biggest miner. BHP sold a 170,000-metric-ton cargo to a Chinese trader …
China’s state iron ore buyer offers BHP cargoes for sale amid ban fears Read More »
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -Battery maker LG Energy Solution (LGES) said on Monday its third-quarter operating profit likely rose 34% as U.S. consumers rushed to buy electric vehicles to take advantage of government incentives that expired on September 30. The South Korean company, which supplies EV batteries to General Motors and …
LG Energy Solution Q3 profit likely up 34% on US EV sales rush Read More »
By Claire Fu and Xinghui Kok SINGAPORE (Reuters) -A record number of Chinese restaurants and cafes have flooded Singapore over the past year, using the island as a test bed for global expansion as they escape pallid consumer demand, extreme price competition and super-squeezed profit margins back home. Well-known firms such as Luckin Coffee and …
Chinese food and beverage firms flock to Singapore as first step in expansion drive Read More »
(Reuters) -Three workers have died since Hyundai Motor started construction of its $7.6 billion auto plant in Georgia in 2022, the Wall Street Journal reported on Sunday, citing a review of federal records. Apart from the deaths, more than a dozen workers have suffered serious injuries, including from falling without wearing harnesses and getting crushed …
