Chinese credit card processor rebuffs Russian banks
China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Continue Reading
Market forecasts China’s 2022 soybean demand falling up to 6% as feed requirements dip
Demand for soybeans from China — the world’s biggest importer of soybeans — is forecast to fall 3.5%-6.1% year on year in 2022 due to lower demand from the downstream Continue Reading
For oil refiners, now is the summer of distillate content
Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of Continue Reading
China Says it Will Keep Boosting Strategic Ties With Russia
Xi Says China Has ‘No Limits’ Partnership With Russia China will continue strengthening strategic ties with Russia, a senior diplomat said, showing the relationship remains solid despite growing concerns over Continue Reading
Data shows China’s imports of Russian LNG steady in March despite overall decline
China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the Continue Reading
China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs
Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14%, Reuters’ calculations Continue Reading
Shanghai hopes COVID tide turning, with fewer cases outside quarantine areas
China’s commercial capital of Shanghai reported no new COVID-19 infections outside quarantine areas in two districts on Wednesday, fanning hopes that the tide is turning in its pandemic battle, as Continue Reading
China Buys Cheap Russian Coking Coal as World Shuns Moscow
China more than doubled imports of steel-making coal from Russia in March, procuring the fuel at a discount as other nations move to ban deliveries due to the war in Continue Reading
Shanghai allows 4 million out of homes as virus rules ease
Shanghai allowed 4 million more people out of their homes Wednesday as anti-virus controls that shut down China’s biggest city eased, while the International Monetary Fund cut its forecast of Continue Reading
Shanghai’s auto makers set to resume production despite rising infections: sources
Automobile makers face production hurdles amid pandemic Raw material, auto parts shortages reported The automobile manufacturers in Shanghai are likely to restart production in the week ending April 23, although Continue Reading