BEIJING (Reuters) – China’s copper imports declined 6.3% in 2023, customs data showed on Friday, as domestic production increased and a firmer U.S. dollar raised import costs. Imports of unwrought copper and copper products were 5.5 million metric tons last year, data from the General Administration of Customs showed. The data includes anode, refined, alloy …
China 2023 copper imports decline amid rising domestic output Read More »
BEIJING (Reuters) – China’s iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and higher-than-expected steel exports. The world’s largest iron ore consumer brought in a total of about 1.18 billion metric …
China’s 2023 iron ore imports hit a record high on rising demand Read More »
(Reuters) – China’s crude oil imports in 2023 hit an all-time high for a year, customs data showed on Friday, as fuel demand recovered from a pandemic-induced slump despite economic headwinds. China imported 11% more crude oil last year versus 2022 at 563.99 million metric tons, equivalent to 11.28 million barrels per day (bpd), up …
China’s 2023 crude oil imports hit record as fuel demand recovers Read More »
BENGALURU (Reuters) – India’s benchmark Nifty 50 index is set for a muted open on Friday, with focus on information technology stocks after top companies TCS and Infosys flagged weak client spending in their quarterly results. India’s GIFT Nifty was trading at 21,720.50 as of 8:18 a.m. IST, suggesting the NSE Nifty 50 will open …
India’s Nifty 50 set for muted start with IT stocks in focus Read More »
HANOI (Reuters) – Indonesia’s President Joko Widodo, also known as Jokowi, on Friday will meet Vietnamese top leaders during a state visit to Hanoi aimed at promoting cooperation between the two Southeast Asian partners on security in the South China Sea and trade. Ahead of Jokowi’s trip, Indonesia’s Foreign Minister Retno Marsudi said the country …
Indonesia’s Jokowi visits Vietnam to talk South China Sea security, trade Read More »
BEIJING (Reuters) – China’s exports grew 2.3% in December from a year earlier, customs data showed on Friday, adding to signs global trade is slowly turning a corner with the prospect of lower borrowing costs on the horizon, but deflationary pressures still loom. The trade report and separate data showing persistence of deflationary pressures in …
China’s Dec trade, CPI paint mixed economic picture at start of 2024 Read More »
BEIJING (Reuters) -China’s consumer prices declined for a third month in December while factory-gate prices extended their prolonged slide, highlighting persistent deflationary pressures in an economy struggling to mount a solid recovery. The consumer price index (CPI) shed 0.3% in December from a year earlier, and was up 0.1% month-on-month, data from the National Bureau …
China’s economy faces growing deflationary pressures as prices extend fall Read More »
WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken will meet senior Chinese official Liu Jianchao in Washington on Friday, the State Department said in his official schedule, the talks coming just a day ahead of elections in Taiwan that will test efforts to ease U.S.-China tensions. The Jan. 13 presidential and parliamentary contests in …
Blinken to meet senior Chinese official ahead of Taiwan elections Read More »
TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it detected five Chinese balloons flying over the Taiwan Strait over the past 24 hours, one of which crossed the island, the latest in a spate of such balloons the ministry says it has spotted over the past month. The ministry this month accused China of …
Taiwan says it spotted more Chinese balloons over strait, a day ahead of vote Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan logged its largest current account surplus for the second consecutive month in November, as the trade deficit narrowed while its service balance turned surplus due to increased inbound tourism after pandemic controls were lifted last year. The current account data should offer relief to policymakers concerned about the …
Japan current account logs record surplus for second month Read More »
