China’s Rural Banking Smash-Up
More trouble for China’s rural commercial banks is more or less inevitable unless the property market turns around soon. A protest by bank depositors in the province of Henan has Continue Reading
China plans ‘great efforts’ to consolidate economic recovery
BEIJING, July 22 (Reuters) – China will make great efforts to consolidate its economic recovery particularly in the crucial third quarter, putting a priority on stabilising employment and prices, state Continue Reading
Honda to cut output by up to 30% at Japan plants on supply snag
Honda Motor Co (7267.T) said it would slash production by up to 30% in Japan next month against original plans due to persistent supply chain and logistical issues. Two lines Continue Reading
China Is Preparing to Step In to Curb Soaring Solar Prices
Photovoltaic modules at a solar power plant near Golmud, Qinghai province, China. Photographer: Qilai Shen/Bloomberg Bloomberg News China’s government is preparing to intervene to halt soaring polysilicon prices that have Continue Reading
Singaporeans Need a Record $82,000 for the Right to Buy a Car
Vehicles travel along the Pan Island Expressway in Singapore. The cost for the right to buy a car in Singapore has reached a record high for large automobiles and risen Continue Reading
CHINA DATA: H1 fuel oil exports slip 7% on year to 9.09 mil mt
China’s fuel oil exports over January-June slumped 7.3% year on year to 9.09 million mt (318,982 b/d), pressured by a sharp rise in domestically produced barrels amid ambitious plans to Continue Reading
Japan’s Russian crude oil imports fall to zero in June
Top two refiners suspend purchase of Russian crude Russian coal imports plunge 60%, LNG imports hike 26% in June Japan’s Russian crude oil imports fell to zero in June, while Continue Reading
India’s Economic Recovery Falters as High Prices Start to Bite
India’s economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month. Softer Continue Reading
Australia battles fresh Omicron outbreak as COVID deaths rise
Customers queue outside a Western Sydney chemist to purchase Rapid Antigen Test kits in the wake of the coronavirus disease (COVID-19) pandemic in Sydney, Australia, January 5, 2022. REUTERS/Jaimi Joy Continue Reading
Coal’s Dominance in China Will Endure for a Decade or More
Bloomberg News For those dismayed at the searing heat afflicting much of the planet, some sobering news from the world’s biggest coal industry: the dirtiest fossil fuel will remain China’s Continue Reading