(Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged real estate slump and trade tensions hurt demand, keeping pressure on authorities to deliver more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing…
(Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged real estate slump and trade tensions hurt demand, keeping pressure on authorities to deliver more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing…
President Trump and Australian Prime Minister Anthony Albanese on Monday signed the critical minerals agreement framework that aims to boost US access to both the mining and processing of Australian rare earth resources. It was a move aimed squarely at China, which recently moved to choke off its own exports of rare earth minerals, and…
Shares of Cleveland-Cliffs (CLF) rose as much as 24% early Monday morning after the company announced it would redouble efforts related to the extraction of rare earth minerals, which has become one of the hottest commodities trades on Wall Street this year. “Beyond steel production, the renewed importance of rare earths has led us to…
By Ella Cao and Lewis Jackson BEIJING (Reuters) – China imported no soybeans from the United States in September, the first time since November 2018 that shipments fell to zero, while South American shipments rose from a year earlier as buyers rejected U.S. shipments during the ongoing trade dispute between the world’s two largest economies….
By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose on Monday, buoyed by reasons to be a little more optimistic about its biggest trading partner, China, with data showing its economy is reasonably resilient to U.S. tariffs and President Donald Trump toning down some of his trade rhetoric. The yen initially weakened when Sanae…
By Joe Cash BEIJING (Reuters) – Chinese exports of rare earth magnets fell in September, reigniting fears that the world’s top supplier could exert its dominance over a key component for U.S. defense companies and makers of items from cars to smartphones as leverage in trade negotiations. In April and May, Beijing pressured global automakers…
WASHINGTON (AP) — China likes to condemn the United States for reaching too far outside its borders to make demands on non-U.S. companies. But when it tried to strike back at American interests this month, Beijing did exactly the same thing. Expanding rare earth export rules, Beijing announced for the first time that it will…
American soybean farmers approached harvest season facing a problem possibly more daunting than a drought or a tornado. China, the world’s top buyer of soybeans, has turned away from American beans at the height of the sales season. During this spring’s trade war, China imposed reciprocal tariffs on American agricultural products, erasing the previous price…
By Raquel More BERLIN (Reuters) – European carmakers could face major manufacturing disruptions without a quick resolution to a trade and intellectual property dispute over chipmaker Nexperia between China and the Dutch government, an industry association warned on Thursday. The dispute could cause further strain on Europe’s auto sector, whose manufacturers and suppliers are already…
