By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s steel exports climbed in July, continuing a record-breaking run despite growing trade barriers being thrown up by countries concerned about a flood of Chinese exports. Steel exports in July rose 1.7% from June to 9.84 million metric tons, taking total exports so far this year to …
China steel exports rise in July despite protectionist backlash Read More »
By Sudarshan Varadhan and Heekyong Yang SEOUL (Reuters) -Sweltering summers in South Korea are driving surging demand for air conditioners and electricity, with the country’s electronics heavyweights pushing home upgrades by touting power-saving technology. Samsung Electronics’ domestic home AC sales grew by 50% in the first quarter of 2025 ended March compared to the same …
Hot South Korean summer drives surge in aircon sales, power demand Read More »
(Corrects June export growth in paragraph 3 to 5.8% from 4.8%) (Reuters) -China’s imports of soybeans and crude oil rose in July from a year earlier, while those of coal and iron ore fell, customs data showed on Thursday. China’s exports topped forecasts last month, as manufacturers made the most of a fragile tariff truce …
China’s July imports of soybeans, crude oil rise Read More »
By Ella Cao and Lewis Jackson BEIJING (Reuters) -China’s soybean imports rose to the highest ever for the month of July, a Reuters calculation of customs data showed on Thursday, driven by strong Brazilian exports and ongoing China-U.S. trade uncertainties that have raised supply concerns. The world’s largest soybean consumer brought in 11.67 million metric …
By Amy Lv and Lewis Jackson BEIJING (Reuters) -Rare earth exports from China slumped 23% in July after hitting a record a month earlier, customs data showed on Thursday, although the preliminary data is too incomplete to draw firm conclusions about Beijing’s commitment to speed up shipments. The world’s largest producer of rare earths exported …
China rare earth exports slid in July after hitting peak in prior month Read More »
By Mikhail Flores and Karen Lema MANILA (Reuters) -The Philippine economy grew at its fastest annual pace in a year in the second quarter, buoyed by a sharp rebound in agriculture and resilient domestic consumption, offering the central bank greater flexibility in its monetary policy stance. Gross domestic product expanded by 5.5% year-on-year in the …
Philippines posts strongest growth in a year in second quarter, driven by farm output Read More »
By Sam Li and Lewis Jackson (Reuters) -China’s July crude oil imports rose 11.5% from the same month a year ago as state-owned refineries maintained high operating rates, although the inbound shipments slowed month-on-month after hitting their highest in nearly two years in June. The world’s largest crude oil importer brought in 47.2 million metric …
China’s July crude oil imports up 11.5% year-on-year Read More »
By Helen Reid LONDON (Reuters) -Caught between rising costs from tariffs and belt-tightening consumers, big retailers are clashing with the producers of consumer brands such as Nivea-maker Beiersdorf and brewer Heineken, as they look to avoid sticker shock that could hurt sales. The disputes – which have dented some brands’ sales – underscore the challenge for …
Wary of sticker shock, retailers clash with brands on price hikes Read More »
By Hyunjoo Jin, Heejin Kim and Nora Eckert (Reuters) -General Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles together as they seek to lower costs amid growing competition from nimble Chinese rivals, although some analysts questioned whether the plan would work. Four of the vehicles — a compact SUV/car/pickup, and a …
General Motors, Hyundai to develop vehicles together amid China EV competition Read More »
SEOUL (Reuters) -South Korea’s trade deal with the U.S. will “take a huge burden off” monetary policymakers at their upcoming meeting later this month, the country’s central bank governor said on Thursday. “I thought we would be in a difficult situation if things went wrong with tariffs before the policy meeting, and while there might …
Bank of Korea governor says US trade deal removes ‘huge burden’ Read More »
