By Florence Tan SINGAPORE (Reuters) -Saudi Arabia’s crude oil exports to China are set to fall in September, slipping from a more than two-year high in August after the world’s largest exporter raised prices, several trade sources said on Monday. State oil firm Saudi Aramco will ship about 43 million barrels to China in September, …
Saudi crude oil supply to China set to fall in September, sources say Read More »
By Heekyong Yang and Max A. Cherney SEOUL/SAN FRANCISCO (Reuters) -South Korea’s SK Hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30% a year until 2030, a senior executive said in an interview with Reuters. The upbeat projection for global growth in high-bandwidth memory (HBM) for …
Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030 Read More »
By Nick Carey (Reuters) -Jameel Motors has signed a deal to distribute automaker Chery’s Omoda and Jaecoo brands in Iraq, the two companies said on Monday, joining other Chinese companies that have entered the country’s small but growing car market. Facing a brutal price war at home in China and effectively shut out of the …
Chinese Chery’s Omoda, Jaecoo brands launch in Iraq with Jameel as distributor Read More »
JAKARTA (Reuters) -Indonesia and Peru signed a free trade agreement on Monday to strengthen bilateral trade and investment relations, the leaders of both countries said at a signing ceremony in Jakarta. Indonesian exports to Peru totalled $331.2 million worth of goods in 2024, while imports from Peru stood at $149.6 million, according to Indonesian data. …
JAKARTA (Reuters) -Indonesia reaffirmed a plan to raise the mandatory palm oil content in its biodiesel to 50% starting from next year, but the programme known as B50 is unlikely to start in January, senior energy ministry official Eniya Listiani Dewi told reporters on Monday. Indonesia currently implements a mandatory bio content of 40% (B40) …
Indonesia aims to launch B50 biodiesel in 2026, but unlikely in January Read More »
By Ashley Tang and Rajendra Jadhav KUALA LUMPUR (Reuters) -Malaysia’s palm oil stocks rose for a fifth consecutive month in July to their highest level in almost two years as production growth outpaced exports, data from the industry regulator showed on Monday. The rise in inventory in the world’s second-biggest producer of the tropical oil …
Malaysia’s palm oil stocks rise to highest in nearly two years Read More »
NEW DELHI (Reuters) -The Indian alloy steel producers’ association has filed an anti-dumping petition with the federal trade ministry against cheap imports from China, its senior executive told Reuters on Monday. India, the world’s second-biggest producer of crude steel, has the capacity to make around 18 million to 20 million metric tons per annum of …
MANILA (Reuters) -The Philippine central bank signaled on Monday it may deliver the first of two remaining interest rate cuts this year at its August 28 policy meeting as inflation remained subdued. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said it was “quite likely” the bank would lower its key policy rate later this …
BEIJING (Reuters) -Nvidia’s H20 chips pose security concerns for China, a social media account affiliated with China’s state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said …
Chinese state media says Nvidia H20 chips not safe for China Read More »
By Scott Murdoch and Donny Kwok SYDNEY (Reuters) -Shares of China’s Ab&B Bio-Tech gained nearly 170% on Monday, as the vaccine development firm debuted on the Hong Kong Stock Exchange after it raised $55 million in an initial public offering. The retail tranche of the IPO was nearly 4,000 times oversubscribed by investors, the company’s …
China’s Ab&B Bio-Tech shares soar 170% driven by retail demand Read More »
