China has also ramped up its refined fuel export quotas, potentially indicating a surplus in crude stockpiles due to waning demand. Hawkish signals from the Federal Reserve drove up fears of a …
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Dollar rises as China COVID worries spur safe-haven buying
The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. China is battling …
Hunan Sanan Secures Order for $524 Million from a Leading NEV Brand
On November 7, Sanan Optoelectronics, a publicly traded company, issued an announcement that Hunan Sanan, its subsidiary, signed a procurement letter of intent (LOI)agreement with a strategic …
BYD to introduce 2 new brands next year
BYD Co., China’s largest electrified-vehicle manufacturer, plans to introduce two new brands in 2023 to target premium markets for plug-in hybrids and electric vehicles. The first to launch will be a …
China to grant zero-tariff treatment to 98% of imports from Uganda
Speaking at the public unveiling of the Special Preferential Tariff Treatment of Ugandan Exports to China, Zhang Lizhong, Chinese Ambassador to Uganda, said the expansion follows commitments made by …
Dollar Gains As China COVID Worries Spur Safe-haven Buying
China’s capital Beijing reported two deaths for Nov. 20 … FTX owes its 50 biggest creditors nearly $3.1 billion, according to bankruptcy filings, as the collapsed crypto exchange undertakes a …
Rishi Sunak expected to take ‘mature’ China stance
At the G20 summit in Sunak called China a “systemic threat”, a subtle change from former PM Liz Truss saying Beijing was a “threat”. Stephen Perry, chairman of the 48 Group Club, an independent …
Dollar edges higher as China COVID worries spur defensive buying
The U.S. dollar started the week on the front foot, boosted by defensive buying as investors remained on edge following a spike in COVID-19 cases in some cities in China that prompted officials to …
US-China relation is the biggest geopolitical risk for business in 2023: Control Risks
Angela Mancini from the Control Risks says there will only be more tension in the U.S.- China relations next year. She adds that the risk of military conflict around Taiwan is much lower however there…
China’s imports of Russian oil, gas grow for 7th month
China continued to import more Russian energy in October, with oil and gas shipments both up for a seventh straight month.
China’s Spending on Russian Energy Nears $60 Billion Since War
China continued to boost Russian energy imports last month, as purchases of natural gas, coal, crude oil and oil products increased to nearly $60 billion since the invasion of Ukraine, from about $35 …
Beijing Stock Exchange launches benchmark index as it seeks to lure investors
The Beijing Stock Exchange’s (BSE) benchmark index opened up 2% on its Monday debut as the year-old market tasked with fostering innovative small companies attempts to build liquidity and narrow the …
UPDATE 1-China’s Lygend Resources targets nearly $600 mln in Hong Kong IPO
Chinese nickel producer and trader Lygend Resources is aiming to raise around $600 million in a Hong Kong initial public offering (IPO), according to its prospectus published on Monday.
