By Jamie McGeever ORLANDO, Florida (Reuters) – A burst of optimism and relief over U.S.-China trade talks provided the fuel to lift global stocks to new highs on Monday, while Argentine markets rose after a resounding midterm election victory for President Javier Milei’s ruling party. In my column today I warn that when it comes…
AMSTERDAM (Reuters) – The Netherlands’ decision to take control of chipmaker Nexperia in September was prompted by fears that the company’s former chief executive was already dismantling the company’s European operations and moving production to China, four sources in The Hague familiar with the government’s thinking said on Monday. A month-long standoff between China and…
Two US Navy aircraft crashed in the South China Sea in separate incidents within 30 minutes of each other, according to the US Pacific Fleet. US President Donald Trump described the back-to-back crashes as “very unusual” and suggested a possible fuel problem while speaking to reporters aboard Air Force One on Monday during his flight…
HONG KONG (AP) — China’s ambition to challenge Boeing and Airbus with its own passenger jet is running into turbulence, with deliveries of finished planes likely to fall well short of its announced target for this year. The C919 aircraft, a single-aisle airliner intended to rival Boeing’s 737 and Airbus A320, is manufactured by state-owned…
With their distinctive shaggy orange manes, pale blue faces, and dense fur covering their hands and feet, it’s hard to confuse China’s endangered golden snub-nosed monkeys with any other animal. These rare and charismatic monkeys, unique to the frigid mountains of central China, have recently joined the country’s famous pandas as furry envoys to Europe’s…
By Rozanna Latiff and David Lawder KUALA LUMPUR/WASHINGTON (Reuters) – Top U.S. and Chinese economic officials will arrive in Kuala Lumpur on Friday for talks aimed at avoiding an escalation of the trade war and keeping next week’s meeting between U.S. President Donald Trump and Chinese President Xi Jinping on track. US Treasury Secretary Scott…
China has significantly increased its crude oil reserves this year. Crude import volumes from the world’s largest importer have remained relatively strong despite tepid demand and a looming spike in demand for road transport fuels. China’s crude reserves have supported international oil prices to the range of $60 to $70 a barrel, despite trade wars,…
(Bloomberg)– US sanctions on Russia’s energy giants are sending shock waves deep into the heart of China’s oil industry, where both state-owned and private refiners face increased pressure to maintain supply and avoid sanctions. Up to 20% of China’s crude oil imports – about 2 million barrels a day in the first nine months of…
By Che Pan and Wen-Yee Lee BEIJING/TAIPEI (Reuters) – The Chinese unit of Dutch chipmaker Nexperia has resumed supplying semiconductors to local distributors, according to two people briefed on the matter, after previously halting all shipments when Beijing banned exports following an ownership dispute. But as part of the resumption, which is limited to domestic…
Last year, China’s battery industry’s average utilization rate plummeted to just a third of peak capacity amid serious overcapacity after years of massive investment and expansion. This put smaller manufacturers under severe pressure and drove further consolidation of the industry, while forcing producers to increasingly look for markets abroad. Fortunately, these efforts appear to be…
