Both key benchmarks gained more than 1.5% on the day, helped by economic optimism out of China and lingering concerns about potential disruptions from the ongoing conflict in the Middle East.
BUSINESS
Column: China iron ore imports head for record even as steel output slips
A more sober reflection of when China’s stimulus is likely to actually result in increased steel demand may have led to iron ore prices moderating, but it’s worth noting they have still held onto most…
China Raises Crude Import Quota for Private Refiners
China has increased crude oil import quotas for private refiners by 6% for 2025, raising the total to 5.14 million barrels per day.
India-China Ties May See Thaw Four Years After Border Skirmish Froze Relations
The nuclear-armed neighbors have reached a breakthrough in discussions over their disputed Himalayan border, four years after a clash that saw security forces engage in hand-to-hand combat.
Ermenegildo Zegna sales down 7% in third quarter as China weighs
Organic revenues at Ermenegildo Zegna dropped 6.7% in the third quarter, hit by a 22% decrease in its Greater China region, the Italian luxury group said on Tuesday.
General Motors overcomes US sales drop and China losses to post 3rd quarter profit of $3 billion
U.S. sales are down and a once-profitable joint venture in China is losing money, but General Motors still managed to post $3 billion in net profits last quarter.
China resumes imports of Japanese koi fish
Imports were suspended in November 2023, when Chinese authorities stopped renewing import permits to fish farms once they expired.
China’s Q3 economic losses from natural calamities surge to $32.3 billion
In September, the financial hub of Shanghai was brought to a standstill by Typhoon Bebinca, the most powerful tropical cyclone to directly hit the city in 70 years. Earlier that month, Super Typhoon …
American buyers elusive at China’s largest trade fair, as tariffs cast a pall
But some Chinese businesses at the fair say they continue to set their sights on the US market. Read more at straitstimes.com.
China’s Horizon Robotics raises $696 million in biggest Hong Kong IPO of 2024, term sheet shows
Chinese autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion ($696 million) according to a term sheet seen by Reuters, making it the biggest …
China’s Horizon Robotics Set to Price Shares at Top of Range to Raise $696 Million in Hong Kong IPO, Sources Say
(Reuters) – Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to …
Apple CEO visits China for second time this year as sales slump
Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market.…
China’s Horizon Robotics set to raise $696 million in Hong Kong IPO, sources say
By Scott Murdoch and Kane Wu (Reuters) -Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public …
