Chinese Refinery Run Rates Fall To 6-Year Low
Chinese oil refiners have cut their daily run rates further, to around 10 million bpd, which is the lowest since 2014, according to industry insiders who spoke to Bloomberg. Refiners Continue Reading
Another Major Car Maker Is Backing Hydrogen
The hydrogen fuel cell market has a serious player emerging in South Korean automaker Hyundai Motor Corp., which is jumping into the hydrogen truck market to compete with Nikola, Toyota, Continue Reading
China Keeps Churning Out Steel That No One Wants to Buy
China’s steelmakers face their biggest crisis in years, with demand frozen as factories and construction sites fall silent. But they’re still churning out metal. The collapse in economic activity amid China’s unprecedented Continue Reading
Manufacturers entangled in logistical nightmare as virus-hit China limps back to work
Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. The Chinese manufacturing engine that powers much of the world economy is struggling to restart after an Continue Reading
Foxconn says cautiously resuming China output, warns coronavirus will hit revenue
Taiwan’s Foxconn said on Thursday it would “cautiously” resume production at its main factories in China as the major Apple Inc supplier warned revenue will be hit this year by Continue Reading
China Jan new bank loans hit record, more policy support seen
New bank loans in China rose more than expected to a record high in January, as authorities step up support for an economy hit by trade tensions and facing a Continue Reading
Cases Top 75,500; South Korea Reports First Death: Virus Update
South Korea reported the first fatality from the coronavirus outbreak amid a surge of cases tied to a cluster from a religious sect, while Japan confirmed two deaths from a Continue Reading
Japan Sets Up Task Force to Deal With Virus Impact on Automakers
Japan’s auto industry and government are setting up a joint council for carmakers and auto parts suppliers as they face disruption due to the coronavirus outbreak. The group will share information Continue Reading
China Tells Farmers Not to Miss Planting Season Despite Virus
Chinese Premier Li Keqiang told local governments to make sure farmers don’t miss the crucial grain planting season during a critical time for controlling the spread of coronavirus. View full Continue Reading
Sick, but Not Coronavirus? China’s Other Patients Struggle to Get Care
China has poured doctors, drugs and other resources into Hubei province to battle the coronavirus outbreak at its source, but people with other conditions are struggling to get the urgent Continue Reading