By Chen Aizhu SINGAPORE (Reuters) -China’s crude oil imports jumped in November from a year earlier for the first annual growth in seven months, data showed on Tuesday, driven by lower prices of Middle East supplies and additions to the national stockpile. The world’s top crude oil buyer took in 48.52 million metric tons last …
China’s Nov crude oil imports rebound on lower prices, stockpiling Read More »
BEIJING (Reuters) – China’s exports of rare earth minerals in November slipped 7.1% from October, customs data showed on Tuesday, as overseas restocking for meeting Christmas holiday production needs diminished. The world’s largest producer of rare earths shipped 4,416 metric tons of the 17 minerals that are used in the making of products ranging from …
China Nov rare earth exports slip as pre-holiday restocking slows Read More »
TAIPEI (Reuters) – The first agreement signed under a trade initiative between Taiwan and the United States will come into force on Tuesday, both governments announced, as Taipei hopes a raft of ongoing talks will eventually lead to a free trade deal. Taiwan was excluded from the U.S.-led Indo-Pacific Economic Framework, part of the Biden …
First agreement under Taiwan-US trade initiative to come into force Read More »
WASHINGTON (Reuters) – The U.S. State Department announced a slew of sanctions on Monday to mark International Anti-Corruption Day and the eve of Human Rights Day, targeting individuals from multiple countries, including the former CEO of SriLankan Airlines over Airbus purchases. Also targeted were North Macedonia’s former deputy prime minister, Artan Grubi, as well as Enver …
US sanctions targets include former SriLankan Airlines CEO over Airbus deal Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The Reserve Bank of Australia’s interest rate decision takes center stage on Tuesday, while debate intensifies over the likely success – or otherwise – of China’s surprise announcement that it plans to implement looser monetary and fiscal policy. The RBA is …
Morning Bid: RBA decides, debate sparks over China policy shift Read More »
By David Shepardson WASHINGTON (Reuters) -China-based DJI and Autel Robotics could be banned from selling new drones in the United States market under an annual military bill set to be voted on later this week by the U.S. House of Representatives. The 1,800-page bill says a national security agency must determine within one year if …
Congress could ban new drones from two Chinese manufacturers Read More »
By Hannah Lang NEW YORK (Reuters) -The dollar was up slightly in skittish trading on Monday as investors awaited U.S. inflation data later this week, while the Australian and New Zealand dollars rallied after China pledged an “appropriately loose” monetary policy next year. While markets have priced in a quarter-point interest-rate cut by the U.S. …
Dollar edges up as market looks to CPI data; Aussie, kiwi rise on China Read More »
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand has recorded a 20% drop in low-quality imports, mostly from China since introducing steps to curb cheap Chinese imports that were hurting business in Southeast Asia’s second-largest economy, a government spokesperson said on Monday. Cheap goods from China have upended local manufacturing and businesses, contributing …
Thailand posts 20% drop in low-quality Chinese imports, official says Read More »
(Reuters) – French nuclear group Orano announced on Monday the creation of two joint ventures with Chinese group XTC New Energy Materials for the production of EV battery components in Dunkirk, France. The plan calls for the creation of a Cathode Active Materials (CAM) manufacturing plant and a Precursor Cathode Active Material (PCAM) production plant, …
France’s Orano to set up two JVs with China’s XTC Read More »
MILAN (Reuters) -Hybrid technology will be key for the European expansion of Chinese EV giant BYD amid soft demand for fully-electric vehicles, the special adviser in the region for the manufacturer said on Monday. BYD, China’s top electric vehicle producer, entered Europe’s passenger car market in 2022. It has an aggressive product roll-out plan for …
China’s BYD to focus on plug-in hybrid cars in European expansion Read More »
