SINGAPORE/BEIJING (Reuters) – China’s crude oil imports slipped 8% in May from an all-time peak hit the month before, customs data showed, as the world’s top importer of the commodity curbed shipments from Iran amid tightening U.S. sanctions on that country. C... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he may extend a March 1 deadline for reaching a trade deal with China while keeping current tariffs in place, adding that the negotiations are “very complicated.” “There is a possibility that I ... More »
DALIAN/MANILA (Reuters) – China plans to open more of its futures contracts to foreign investors, a senior official said on Friday, as Beijing launched its “internationalised” iron ore contract as part of a bid to boost its sway over pricing of major commodity... More »
FILE PHOTO: The Rio Tinto mining company’s logo is photographed at their annual general meeting in Sydney, Australia, May 4, 2017. REUTERS/Jason Reed/File Photo MELBOURNE (Reuters) – Australia’s corporate watchdog said on Friday it has launched court action ag... More »
China's strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree. More »
A unit of China's Fosun Group and Shanghai Pharmaceuticals Holding Co (601607.SS) are among bidders for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC, the companies said on Monday. More »
Basic resources and energy stocks helped European benchmarks build on the previous week's robust gains on Monday, as commodity prices climbed. More »
Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who bet against stocks. More »
U.S. President Donald Trump waves as he boards Air Force One at Joint Base Andrews outside Washington, U.S., before traveling to Bedminister, New Jersey for the weekend, June 9, 2017. REUTERS/Yuri Gripas The Trump administration intends to unveil this week a p... More »
FILE PHOTO: A woman walks past containers at a port in Shanghai January 13, 2009. REUTERS/Aly Song/File Photo China reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better tha... More »
China’s iron ore imports rose 5.5 percent in May from a year earlier, recovering from a six-month low in April, as mills in the top steelmaking nation scooped up more raw material as they posted strong profits. More »
FILE PHOTO: Logos of Tencent are displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu/File Photo Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising te... More »
FILE PHOTO: A worker packs pipelines onto a truck at a local plastic pipe factory in Donghegang village on the outskirts of Xiongxian county, one part of the new special economic zone Xiong’an New Area, Hebei province, China, April 6, 2017. REUTERS/Jason Lee/F... More »
Kosei Shindo, president of Nippon Steel & Sumitomo Metal Corp, makes a speech at a ceremony to welcome newly-hired employees in Tokyo, Japan April 3, 2017. REUTERS/Kim Kyung-Hoon Japanese steelmakers are concerned at “protectionism” by U.S. President Donald Tr... More »
An employee works at a steel factory in Dalian, Liaoning Province, China, July 4, 2016. China Daily/via REUTERS Washington’s move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to t... More »
FILE PHOTO – A worker verifies a product at a steel factory in Dalian, Liaoning province, China September 1, 2016. China Daily/via REUTERS China’s producer price inflation cooled for the first time in seven months in March as iron ore and coal prices tumbled, ... More »
A general view shows a residential area of Pudong district in Shanghai, China April 4, 2017. REUTERS/Aly Song China’s housing ministry has called on cities with large unsold housing inventories to reduce or suspend land supply for residential housing. More »
At least ten North Korean ships have arrived at a Chinese port after being stranded for the past three weeks following the top global coal consumer’s ban on imports of the fuel from its isolated neighbor, a report said on Friday. More »
FILE PHOTO: A worker works at a construction site in Shanghai, China March 3, 2017. REUTERS/Aly Song/File Photo Lin Wong More »
China will continue to cut excess capacity in the steel sector in 2018, National Development and Reform Commission (NDRC) Vice Chairman Ning Jizhe said at a news conference on Monday. More »
China will ensure prices stay basically stable this year while at the same time deepening price reform, a vice chairman at the state planner said on Monday. More »
The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company’s annual news conference in Essen, Germany, November 24, 2016. REUTERS/Wolfgang Rattay/File Photo Germany’s Thyssenkrupp (TKAG.DE) has looked at the option of splitting ... More »
Chimneys of a steel factory are pictured at an industrial area in Kawasaki, Japan, January 16, 2017. Picture taken January 16, 2017. REUTERS/Kim Kyung-Hoon Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to ... More »
A vendor waits for customers at his shop in a market in Beijing, February 18, 2016. REUTERS/Jason Lee China vowed on Tuesday to contain high company debt levels and further cut excess coal and steel capacity, as Beijing attempts to maintain solid and more bala... More »
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid U.S. voters’ decision to install Donald Trump in the White House may extend the life of the aging, se... More »
Republican presidential nominee Donald Trump arrives for his election night rally at the New York Hilton Midtown in Manhattan, New York, U.S., November 9, 2016. REUTERS/Andrew Kelly/File Photo Donald Trump’s surprise victory in the U.S. presidential race is pu... More »
George Twopointoh, brand ambassador for Genworth, speaks with Ugo Dumont, a volunteer for the Genworth R70i Aging Experience, during a demonstration at the Liberty Science Center in Jersey City, New Jersey in this file photo dated April 5, 2016. REUTERS/Shanno... More »
Banks in the central Chinese province of Henan have pledged to extend more than 450 billion yuan ($67.47 billion) in new loans to “key sectors” this year to aid their restructuring efforts, the local regulator said in a notice published on Sunday. More »
BEIJING Activity in China’s manufacturing sector eased unexpectedly in July as orders cooled and flooding disrupted business, an official survey showed, adding to fears the economy will slow in coming months unless the government steps up a huge spending spree... More »
BEIJING China’s Premier Li Keqiang told European Union officials on Wednesday that the country was committed to market reforms and remained determined to tackle a steel capacity glut that has sharpened tensions between the two sides. Li, speaking at an EU-Chin... More »
BEIJING European Commission President Jean-Claude Juncker told his Chinese counterparts on Wednesday that overcapacity in steel sector is a very serious problem. China is by far the world’s biggest steel producer and its annual output is almost double that of ... More »
SEOUL U.S. Treasury Secretary Jack Lew said on Friday China would see “very bad consequences” for its economy and bilateral U.S. relations if it backs away from its stated goals to open its markets and rebalance its economy toward consumer-led growth. Lew, in ... More »
DUBAI Dubai has opened what it said was the world’s first functioning 3D-printed office building, part of a drive by the Gulf’s main tourism and business hub to develop technology that cuts costs and saves time. The printers – used industrially and also on a s... More »
CUBATAO, Brazil On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. In the room, the board members grappled over whether to fire the company’s chief executive and two... More »
NEW YORK The steep decline and subsequent rebound in the U.S. stock market over the first three months of the year were a boon to U.S. small cap managers, who took advantage of what some considered a short window of low prices to add shares in companies rangin... More »
LONDON Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. The government is looking for ways t... More »
SHANGHAI/SINGAPORE China’s mutual fund industry is pushing to develop investment products linked to local commodity futures, betting that plans to fight chronic oversupply in the country’s mammoth resource sector will drive up prices for raw materials. The fun... More »
BEIJING China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given. It was the first time China has giv... More »
TOKYO Toyota Motor Corp (7203.T) said on Monday it would halt production at all car assembly plants in Japan from Feb. 8 to Feb. 13 due to a steel shortage following an explosion at a steel plant of one of its affiliates. The world’s biggest automaker said on ... More »
FRANKFURT Chinese investment group Fosun has withdrawn its offer for wealth management group BHF Kleinwort Benson, the Belgian stock market regulator said on Friday. Fosun had offered 5.10 euros per share for BHF, but its bid was challenged by French private b... More »
