China’s independent refineries raised run rates to a fresh record high of 77.9% in May, with refining margins remaining thick throughout the month, according to S&P Global Platts calculations based Continue Reading
As rates of coronavirus infections ease in places such as New York and Illinois and onetime hot spots move into new phases of reopening, parts of the country that had previously Continue Reading
The U.S., reeling from the coronavirus, has suffered its worst surge in unemployment since the Great Depression. By contrast, the pandemic has barely touched China’s official jobless rate, which inched Continue Reading
Foreign demand for Chinese goods cooled off in May, a sign that the coronavirus-driven global slowdown is weighing on the world’s second-largest economy even as it reports stronger business activity Continue Reading
Under continued fire for its early mishandling of the coronavirus, the Chinese government vigorously defended its actions in a new, detailed account on Sunday that portrays the country’s approach to combating the outbreak as Continue Reading
Japan’s economy braced for its worst postwar slump even as first-quarter GDP contracted less than initially thought, as the cornonavirus crisis slams the brakes on global growth and raises pressure Continue Reading
Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest auto market is rebounding from the coronavirus crisis and the Continue Reading
A wedding party contributed to a new surge in coronavirus infections in Iran, President Hassan Rouhani said on Saturday but insisted the country had no option but to keep its Continue Reading
Angola is reducing oil shipments to China with which it pays part of its debt to its biggest creditor as the African OPEC member looks for debt relief from its Continue Reading
India reported a record 9,887 new coronavirus cases in one day on Saturday and overtook Italy as the world’s sixth-biggest outbreak, two days before the relaxing of lockdown with the Continue Reading
