India has eased environment approvals for coal mine expansions to boost output amid fuel shortages that have triggered hours-long blackouts . Some existing sites will be able to raise production Continue Reading
Indian Railways’ supply of trains to Coal India (COAL.NS) for transporting coal has fallen short of its monthly targets for more than a year, government data showed, highlighting the problems Continue Reading
The head of the World Health Organization said on Tuesday China’s zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by Continue Reading
Tesla Inc (TSLA.O) has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, Continue Reading
If Xi Jinping was hoping for an uneventful and stable 2022 before his planned “re-election” this fall, he must be disappointed. In January I wrote that “China’s economic future isn’t Continue Reading
Shanghai officials said on Wednesday that half the city had achieved “zero COVID” status, but uncompromising restrictions had to remain in place under a national policy that the head of Continue Reading
A United Nations Weibo post on the World Health Organization chief’s comments that China’s zero-tolerance COVID-19 policy is not sustainable was removed from the Chinese social media platform on Wednesday Continue Reading
Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares slip 5% FY oper pft target, Q4 result both Continue Reading
Record-high April temperatures over Pakistan melted glaciers faster than normal, triggering a flash flood Saturday in a village in the northern region of the country that wiped out part of Continue Reading
China’s crude oil imports in January-April fell 4.8% year on year despite inflows rising 6.6% to 10.51 million b/d in April as a recovery from the previous lows in March Continue Reading
A survey showed U.S. firms in China are lowering revenue projections amid Beijing’s stringent Covid Zero strategy. Enda Curran reports. China is tightening pandemic restrictions in Shanghai and expanding a Continue Reading
China car sales plunged the most in two years in April as Covid-19 lockdowns in the auto industry hubs of Shanghai and Jilin province smashed production and kept buyers out Continue Reading
Teams in white protective suits are entering the homes of coronavirus-infected people to spray disinfectant as Shanghai tries to root out an omicron outbreak under China’s strict “zero-COVID” strategy. City Continue Reading
Authorities in Shanghai have again tightened anti-virus restrictions, just as the city was emerging from a month of strict lockdown due to a COVID-19 outbreak. Notices issued in several districts Continue Reading
ENEOS, Idemitsu suspend signing new Russian oil import contracts Russian supply accounts for 4% of Japan’s oil imports Japan will ban “in principle” Russian oil imports following the latest commitment Continue Reading
Jan-Apr imports down 1% on year to 28.36 mil mt Crush margins negative on poor hog margins China’s soybean imports in April fell 8.5% year on year to 8.08 million Continue Reading
Exports at 4.9 mil mt, down from estimated 6 mil-7 mil mt Logistics hurdles to weigh on buyers’ enthusiasm China’s finished steel exports rose 0.7% on the month to 4.977 Continue Reading
India’s liquefied natural gas importers are purchasing extra volumes from Russia at a discount as most other spot buyers shun the fuel. Companies including Gujarat State Petroleum Corp. and GAIL Continue Reading
April imports estimated at 650,000 bpd – Vortexa Q1 Iran exports average 840,000 bpd, almost all to China – Kpler Independent refiners face shrinking margins Displaced Russian Urals crude heading Continue Reading
China’s two biggest cities tightened COVID-19 curbs on their residents on Monday, raising new frustration and even questions about the legality of its uncompromising battle with the virus. As authorities Continue Reading
If Shanghai Communist Party chief Li Qiang has been politically bruised by the city’s struggle to tame a COVID-19 outbreak that has infuriated residents and caused severe economic damage, there Continue Reading
Chinese imports from Russia surged to a record in April, likely due to soaring global energy prices, while exports fell to the lowest level since the early months of the Continue Reading
Toyota Group plans to invest 48 billion rupees ($624 million) to make electric vehicle components in India, as the Japanese carmaker works toward carbon neutrality by 2050. Toyota Kirloskar Motor Continue Reading
For weeks, Beijing has teetered on the edge of a hard, Covid-induced lockdown. For the most part, citizens are unruffled, confident that the restrictions that have paralyzed Shanghai for six Continue Reading
The director of the CIA said that Chinese President Xi Jinping has been “unsettled” by the war in Ukraine, which had demonstrated that the friendship between Beijing and Moscow had Continue Reading
China’s lockdowns to contain Covid have snarled operations at the world’s largest port in Shanghai and stalled activity in major cities, affecting the supply chains of businesses from Tesla Inc. Continue Reading
Shanghai authorities were tightening the city-wide COVID lockdown they imposed more than a month ago, prolonging into late May an ordeal that China’s capital Beijing was desperate to avoid by Continue Reading
A growing food security threat is set to push Indian Prime Minister Narendra Modi into a conundrum: continue sending wheat to countries hit by dwindling supplies from the war in Continue Reading
China is setting up thousands of permanent PCR testing stations, with 9,000 already completed in Shanghai alone, as authorities seek to “normalise” tough pandemic controls even after the current round Continue Reading
Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion. Several Continue Reading
The number of people who died as a result of the coronavirus pandemic by the end of last year may be nearly three times higher than thought, according to estimates Continue Reading
Almost three times as many people have died as a result of COVID-19 as official data show, according to a new World Health Organization (WHO) report, the most comprehensive look Continue Reading
India is planning to reopen more than 100 coal mines previously considered financially unsustainable, a government official said on Friday, as a power crisis forces the world’s third-biggest greenhouse gas Continue Reading
India’s government ordered coal-fired power plants that run on imported fuel to operate at full capacity to address an escalating energy crisis that’s threatening economic growth. The government took the Continue Reading
Several states yet to act on imports States asked to import 21.8 mil mt, private plants 15.9 mil mt Country invokes rarely used fiat to increase power generation India’s power Continue Reading
Russia’s Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country’s top refiner, two traders familiar Continue Reading
Highlights China’s manufacturing activity further contracts in April Overseas demand for Chinese manufactured goods shrinks More easing expected in infrastructure, property sectors Steel demand from China’s manufacturing sector is expected Continue Reading
PetroChina said it plans to boost its exploration and production efforts. Bloomberg News PetroChina Co. isn’t seeking any discounted Russian oil and gas and is only purchasing fuel from the Continue Reading
Xi Jinping has reaffirmed his commitment to China’s controversial zero-Covid strategy, warning against “any slackening” in the effort and vowing to crack down on criticism of the policy despite signs Continue Reading
On a sweltering afternoon in this southern Chinese city, a young woman sat at a stand of giveaways aimed at convincing some of the city’s remaining unvaccinated residents to get Continue Reading
A power crisis in India that’s delivering hours-long blackouts , halting manufacturing lines and triggering street protests is forecast to continue for months, adding pressure on the nation’s economic rebound. Continue Reading
India defended its continued purchases of Russian oil on Wednesday , saying they were part of its long-standing effort to diversify its supplies and arguing a sudden halt to imports Continue Reading
Hong Kong’s retail sales plummeted 13.8% in March, the first back-to-back contraction in more than a year as stringent virus restrictions weighed heavily on the economy and crushed consumer spending. Continue Reading
Activity in China’s services sector fell in April to its weakest level since the early days of the pandemic, according to one indicator, as lockdowns aimed at containing Covid-19 shut Continue Reading
The European Commission on Wednesday proposed one of the most sweeping changes to global energy flows in history. But the oil price barely responded. Brent, the international benchmark, rose 3.8 Continue Reading
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with Continue Reading
India registered about 475,000 more total deaths in 2020 than the previous year, government data released months ahead of schedule on Tuesday showed, as the World Health Organization readies its Continue Reading
India this year experienced its hottest March in 12 decades of records, and one of its driest. Next came the third-hottest April, after 2010 and 2016. Then it got even Continue Reading
India is boosting coal production to record highs in an effort to overcome a fuel shortage that has strained the power supply, leading to blackouts during a searing heatwave on Continue Reading
Output may decline by 5 million-6 million mt: government estimates Heat waves seen hitting yields in key states like Punjab, Haryana Dwindling output may limit export opportunity India’s wheat output Continue Reading
