By Ashley Tang and Rajendra Jadhav KUALA LUMPUR/MUMBAI (Reuters) – Malaysia’s palm oil stockpiles slipped in November for a second consecutive month, as production dropped more than expected to its lowest level for the month in four years, according to the country’s industry regulator on Tuesday. The drop in inventories could fuel the rally in …
Malaysian palm oil inventories drop as Nov output hits 4-year low Read More »
By Chen Aizhu and Florence Tan SINGAPORE (Reuters) – Private Chinese refiner Hengli Petrochemical has snapped up Middle East crude, six traders familiar with the matter said, mostly from TotalEnergies after the French major amassed a large volume of the oil and as Iranian supply to China has tightened. The purchases follow Hengli receiving an …
China’s Hengli uses extra import quota to buy Mideast oil from Total, traders say Read More »
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) -Southeast Asia’s second- and fifth-largest banks Oversea-Chinese Banking Corp and CIMB are vying for a controlling stake in Bank Pan Indonesia (Panin Bank), three people with knowledge of the matter said. Singapore-based OCBC and Malaysia’s CIMB have submitted non-binding offers for the stake offered by Australian …
Indonesia’s Panin Bank stake sale draws Southeast Asia lenders, sources say Read More »
By Ariba Shahid KARACHI (Reuters) – Pakistan’s largest conglomerate Engro Corp, through it’s strategic partnership with Veon, is eyeing expanding telecom tower-sharing coverage in Pakistan and exploring different use cases in telecom infrastructure. “Pakistan is a very large market in terms of telecom, which keeps growing larger,” Samad Dawood, vice chairman of Dawood Hercules Corp, …
Pakistan’s largest conglomerate Engro Corp eyes tower sharing expansion with Veon tie-up Read More »
BEIJING (Reuters) – Chinese President Xi Jinping said on Tuesday that China had full confidence in achieving this year’s economic growth target and in continuing to play the role of the world’s largest engine of economic growth. Xi also said he hoped the United States, the world’s largest economy, would work with China, according to …
China has full confidence in achieving this year’s growth target, says Xi Read More »
SHANGHAI/SINGAPORE (Reuters) -China’s November copper imports hit a one-year high, customs data showed on Tuesday, fueled by firm demand and lower inventories, as well as more shipments from Africa. Imports of unwrought copper and products stood at 528,000 tons last month, up 4.3% from October’s imports, data from the General Administration of Customs showed. The …
By Liam Mo and Brenda Goh BEIJING (Reuters) -China said on Monday it has launched an investigation into Nvidia over suspected violations of the country’s anti-monopoly law, a probe widely seen as a retaliatory shot against Washington’s latest curbs on the Chinese chip sector. The statement from the State Administration for Market Regulation announcing the …
China targets Nvidia with antitrust probe, escalates US chip tensions Read More »
(Reuters) – China’s exports grew at a slower pace in November than the previous month, while imports shrank, signalling concerns for the world’s No. 2 economy as U.S. President-elect Donald Trump’s imminent return to the White House introduces new trade risks. Outbound shipments from China grew 6.7% year-year-on-year last month, customs data showed on Tuesday, …
Instant view: China’s November export growth slows ahead of Trump tariffs Read More »
By Mei Mei Chu BEIJING (Reuters) – China brought in 7.15 million metric tons of soybeans in November, less than expected due to a decrease in Brazillian arrivals, but the world’s biggest oilseed buyer remains set for record annual imports. November arrivals dropped 9% from 7.92 million tons in the same month a year earlier, …
China soybean imports slip 9% in Nov but on course for record annual high Read More »
By Amy Lv and Mei Mei Chu BEIJING (Reuters) -China’s iron ore imports in November fell 1.91% from October, customs data showed on Tuesday, as shipments slowed ahead of the slow season for steel demand when colder weather disrupts construction work in the country’s north. The world’s largest iron ore consumer imported 101.86 million metric …
China Nov iron ore imports drop on expectation of weak seasonal demand Read More »
