Oil prices dipped on Monday in choppy trade as China’s ailing property sector sparked demand worries, while rising tensions over the weekend in the Middle East intensified oil supply concerns. Brent crude futures LCOc1 were down62 cents to $82.93 a barrel by 1430 GMT while U.S. West Texas Intermediate crude futures CLc1were down59 cents to […]
Read MoreEmbattled Chinese development company, Evergrande, has been ordered to liquidate by a Hong Kong court after an 18-month long hearing. Evergrande, which holds the ignominious title of the world’s most indebted property developer with about $300bn in liabilities, failed to convince the court that it had a viable restructuring plan, after having been given seven […]
Read MoreChinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing, four Iranian sources and a diplomat familiar with the matter said. The discussions about the attacks and trade between China and Iran took place at several […]
Read MoreChinese President Xi Jinping said Sunday that his country would “surely be reunified” with Taiwan during his New Year’s address. His comments are likely to further inflame tensions with Taiwan, which Beijing sees as a Chinese province. The self-ruled island is set to hold presidential elections on 13 January. What did Xi Jinping say about […]
Read MoreChina’s state-run TV station says a top political consultative body has revoked the seats of three senior executives of military-related companies. Some foreign media are linking the move to a corruption investigation reportedly under way. China Central Television said the Chinese People’s Political Consultative Conference dismissed the three at a meeting on Wednesday. The broadcaster […]
Read MoreNEW YORK, Nov. 29 (Xinhua) — China is ready to elevate China-Malaysia relations to higher levels, said Chinese Foreign Minister Wang Yi on Tuesday. China is ready to work with Malaysia to further deepen exchanges and cooperation in various fields under the guidance of jointly building a China-Malaysia community of shared future, said Wang, also […]
Read MoreHuawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said. The Chinese company said on Sunday it will spin off its four-year-old Intelligent Automotive Solution […]
Read MoreAt a gleaming new metro station on the edge of Shenzhen, the local government is promoting “carbon coins” to commuters to earn and trade for shopping vouchers and travel cards in a push to get households to join China’s fight against climate change. The southeastern city’s “Carbon Road for Everyone” scheme, which rewards people for […]
Read MoreISTANBUL : As the world grapples with increasing tensions stemming from Israel’s aggression in Gaza, the Russia-Ukraine war, instability in the Sahel region, and other conflicts, prospects for global peace are slimmer than ever. But there is another region that is boiling, albeit in a cooler fashion: East Asia. While US warships continue to sail through […]
Read MoreChinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China’s commerce ministry said. Wang said China-Vietnam trade cooperation had already achieved “fruitful results” and would include strategic areas such as the digital economy, green […]
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