By Naveen Thukral and Ella Cao SINGAPORE/BEIJING (Reuters) -China has begun modest purchases of U.S. farm products after the leaders of both countries met last week, but traders still await significant soybean buys after the White House said Beijing pledged to buy 12 million tons by year-end. The top market for U.S. farmers, China has …
China begins limited purchases of U.S. farm goods after Trump-Xi meet Read More »
BEIJING (Reuters) -China’s commerce ministry on Thursday flagged fresh prospects for a trade or investment agreement with the European Union, raising the idea of negotiations for a deal similar to a landmark investment pact whose ratification was frozen in 2021. “China is willing to deepen mutually beneficial cooperation with the EU and explore the possibility …
China talks up EU trade deal, years after investment pact was frozen Read More »
By Kane Wu and Scott Murdoch (Reuters) -Pony Ai and WeRide stocks plunged around 10% each Thursday as the Chinese autonomous driving developers started trading in Hong Kong, with analysts pinning the blame on new-listing oversupply as well as the firms’ overseas share performance. WeRide shares closed down 10% from their issue price while Pony …
Pony Ai, WeRide shares tank as Hong Kong investors digest rush of listings Read More »
By Kane Wu and Scott Murdoch (Reuters) -Pony Ai and WeRide stocks plunged around 10% each Thursday as the Chinese autonomous driving developers started trading in Hong Kong, with analysts pinning the blame on new-listing oversupply as well as the firms’ overseas share performance. WeRide shares closed down 10% from their issue price while Pony …
Pony Ai, WeRide shares tank as Hong Kong investors digest rush of listings Read More »
By Sam Li and Chen Aizhu (Reuters) -State-owned major PetroChina plans to permanently shut 19 ageing refining and chemical units as part of Beijing’s campaign to curb overcapacity and boost profitability, according to analysts. The world’s second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet …
PetroChina to phase out 19 old refining, chemical units to curb sector glut Read More »
By Casey Hall SHANGHAI (Reuters) -China’s state-owned COFCO held a soybean procurement signing ceremony on Thursday morning, the head of a Chinese agriculture business association told a U.S.-China forum. Cao Derong, the president of the China Chamber of Commerce for the Import and Export of Foodstuffs, Native Produce and Animal By-Products, made the comment at …
By Helen Reid and Mimosa Spencer PARIS (Reuters) -France started proceedings on Wednesday to suspend online fast-fashion retailer Shein after childlike sex dolls and weapons were found being sold on its site, marring the opening of the Chinese company’s first shop in a Paris department store. The discovery of the dolls on Shein’s website by …
France moves to suspend Shein over sex dolls and weapons on day Paris store opens Read More »
(Reuters) -China did not publish gold data for the latest quarter as it usually does in late October, prompting industry speculation that the world’s top producer of the precious metal may have ceased publication altogether. China – also the world’s largest consumer of gold – typically releases output and consumption data for the first three …
China has yet to release gold output data for latest quarter Read More »
KUALA LUMPUR (Reuters) -Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday, as expected by economists, amid subdued inflation and steady economic growth. Bank Negara Malaysia kept its overnight policy rate at 2.75%, as had been expected by all 27 economists surveyed in a Reuters …
Malaysia’s central bank holds key rate at 2.75%, as expected Read More »
By Khanh Vu and Francesco Guarascio HANOI (Reuters) – Vietnam’s exports fell in October from a month earlier, with shipments to the U.S. dropping faster as the trade-reliant country adapts to American tariffs, according to official data released on Thursday. The Southeast Asian nation is still in talks with Washington over a possible trade deal. …
Vietnam exports to US fall in October for third straight month Read More »
