China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meet points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more

China’s anti-lockdown protests shake stocks and oil

China’s anti-lockdown protests shake stocks and oil

China announces record new local COVID cases Commodities caught in selling Dollar extends gains against yuan SYDNEY/LONDON, Nov 28 (Reuters) – Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs hit growth expectations in the world’s second-largest economy. Clashes between police … Read more

China’s trade unexpectedly shrinks as COVID curbs, global slowdown jolt demand

China’s trade unexpectedly shrinks as COVID curbs, global slowdown jolt demand

China’s Oct exports, imports shrink unexpectedly Frail data further blow to struggling economy Global recession risks, COVID curbs in China darken outlook Analysts expect further weakness in exports and imports BEIJING, Nov 7 (Reuters) – China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as a perfect storm of … Read more

London’s FTSE 100 falls for second day as Shell weighs

London’s FTSE 100 falls for second day as Shell weighs

FTSE 100 down 0.8%, FTSE 250 adds 0.4% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s FTSE 100 index fell on Thursday with Shell weighing on the commodity-heavy index after the oil major said its third-quarter profits would … Read more

London copper price hits two-month low on strong dollar

London copper price hits two-month low on strong dollar

A worker checks copper wires at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam August 11, 2017. REUTERS/Kham Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – London copper prices hit a more than two-month low on Monday, as a stronger dollar made greenback-priced metals more expensive … Read more

London stocks fall 1% on weak global growth outlook

London stocks fall 1% on weak global growth outlook

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Register now for FREE unlimited access to Reuters.com Register Reckitt Benckiser falls as CEO Narasimhan steps down August manufacturing PMI data due at 0830 GMT FTSE 100 down 1.0%, FTSE 250 off 1.3% Sept 1 … Read more

Dollar higher on risk aversion; euro revisits parity

Dollar higher on risk aversion; euro revisits parity

Euro under pressure as Russia to halt gas supplies Yuan dips to nearly 2-year low as PBOC eases policy again NEW YORK, Aug 22 (Reuters) – The U.S. dollar rose across the board on Monday, briefly driving the euro back below parity, as investors shied away from riskier assets amid growing fears that interest-rate hikes … Read more

Column: U.S. hits the EV accelerator to cut Chinese metals ties: Andy Home

Column: U.S. hits the EV accelerator to cut Chinese metals ties: Andy Home

LONDON, Aug 16 (Reuters) – The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change”, according to President Joe Biden, who will sign the bill into law later on Tuesday. Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity … Read more

Eneos books strong Q1 results, CEO abruptly resigns

Eneos books strong Q1 results, CEO abruptly resigns

JX Nippon Oil & Energy Corp’s Eneos brand logo on a tanker lorry in a train at a station nearby its refinery in Yokohama, Japan February 7, 2017. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – Japanese oil and metals giant Eneos Holdings Inc (5020.T) announced on … Read more

Chile sinkhole grows large enough to swallow France’s Arc de Triomphe

Chile sinkhole grows large enough to swallow France’s Arc de Triomphe

A sinkhole is exposed at a mining zone close to Tierra Amarilla town, in Copiapo, Chile, August 1, 2022. REUTERS/Johan Godoy Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – A sinkhole in Chile has doubled in size, growing large enough to engulf France’s Arc de Triomphe and prompting officials to … Read more