By Daphne Zhang, Ella Cao and Corina Pons BEIJING/MADRID, Dec 16 (Reuters) – China on Tuesday sharply reduced tariffs on European Union pork imports worth over $2 billion in the final ruling of an anti-dumping investigation seen as a response to the bloc’s duties on Chinese electric vehicles. Some from the European pork industry voiced …
China lowers EU pork tariffs in final ruling after 18-month probe Read More »
By Yuka Obayashi TOKYO, Dec 16 (Reuters) – Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The sale is part of JX’s effort to reorient its portfolio toward …
JX unit sells stake in Peruvian mine to Glencore Read More »
BEIJING, Dec 16 (Reuters) – A Chinese court imposed jail sentences and fines on Tuesday on 27 people for shipping antimony ingots out of the country without export licences, in a ruling that highlights how China is tightening enforcement of its controls on strategic minerals. China is the world’s largest producer of antimony, which is …
Chinese court sentences 27 people for smuggling antimony ingots Read More »
JAKARTA, Dec 16 (Reuters) – Indonesia is auctioning from Tuesday about 629,000 metric tons of bauxite stockpiles taken over by the government, which stand to earn it about 200 billion rupiah ($12 million), an energy ministry official said. The southeast Asian nation banned exports of the aluminium raw material in mid-2023 to encourage domestic processing …
Indonesia auctions 629,000 metric tons of bauxite stockpile Read More »
Dec 16 (Reuters) – Morgan Stanley on Tuesday projected gold prices would see smaller gains in 2026 as central banks and exchange-traded funds reduce purchases, but anticipated rate cuts and a weaker dollar would sustain upward momentum. The bank forecast gold prices at $4,800 an ounce by the fourth quarter, citing stronger Chinese retail demand, …
Morgan Stanley flags slower gains for gold in 2026, sees $4,800/oz by fourth quarter Read More »
TOKYO, Dec 16 (Reuters) – Total spending in Japan’s draft budget for fiscal 2026 will likely exceed 120 trillion yen ($775 billion) to hit a new record, two government sources familiar with the matter said on Tuesday. It would top the 115-trillion-yen annual budget for the current fiscal year, the sources said, confirming an earlier …
Japan’s fiscal 2026 budget to include record spending, sources say Read More »
By Yuka Obayashi TOKYO, Dec 16 (Reuters) – Japanese companies will get more control over liquefied natural gas joint ventures with state-backed JOGMEC and recover investments faster under measures aimed at strengthening the nation’s energy security, the industry ministry said on Tuesday. The Ministry of Economy, Trade and Industry (METI) told a committee on resource …
Japanese firms to get more control in LNG JVs with state-backed group Read More »
By America Hernandez PARIS, Dec 16 – TotalEnergies has agreed to sell an indirect stake of almost 10% in a Malaysian offshore gas block to Thailand’s state-backed PTTEP for an undisclosed sum, the French oil major said on Tuesday. TotalEnergies will retain a 30.002% interest in Block SK408 after the deal closes, it said. The …
TotalEnergies to sell stake in Malaysian gas block to Thailand’s PTTEP Read More »
HONG KONG, Dec 16 (Reuters) – Hong Kong’s seasonally adjusted unemployment rate held steady at 3.8% in September to November, as compared to the preceding three-month period, the government said on Tuesday. “The solid expansion of the Hong Kong economy and the improving consumer confidence should continue to render support to the overall labour market,” …
Hong Kong unemployment holds steady at 3.8% in September-November Read More »
By Cynthia Kim SEOUL, Dec 16 (Reuters) – Most Bank of Korea board members were worried about a weaker won fueling financial instability and price pressure as they kept interest rates unchanged on November 27, minutes of the meeting showed, signalling that the current easing cycle could end soon. “High volatility in the foreign exchange …
Bank of Korea board members wary of FX risks, preserving policy room, minutes show Read More »
