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Oil prices rebound from China virus slump amid ginger recovery across markets

Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday's sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year......»»

Category: topSource: reutersFeb 3rd, 2020

Asia shares fragile amid China worries, oil sinks

A fragile calm gripped Asian shares on Tuesday as investors waited anxiously to see if Beijing could stem the rout in Chinese assets, while oil hit 13-month lows as the coronavirus throttled demand in the world's biggest importer of fuel......»»

Category: topSource: reutersFeb 3rd, 2020

Dow profit beats on Asia demand and cost cuts, sees recovery in 2020

Dow Inc beat Wall Street's estimates for quarterly profit and revenue on Wednesday, helped by growth in volumes in Asia as well as lower costs, and the chemicals maker pointed to a recovery in demand this year as trade tensions ease......»»

Category: topSource: reutersJan 29th, 2020

China flexes oil refining muscle, upping pain for Asian rivals

China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard-hit refining industry......»»

Category: topSource: reutersJan 29th, 2020

Metals Stocks: Gold climbs as spread of China flu fuels risk-off sentiment, boosting haven demand for the metal

Gold futures look to post their first gain in three sessions on Thursday, as the spread of the coronavirus in Asia feeds risk-off sentiment among traders, pressuring global stock markets and boosting haven demand for the precious metal......»»

Category: topSource: marketwatchJan 23rd, 2020

Americans won"t get a total reprieve after China trade deal as effects of lost factory jobs, pricier goods linger

Americans won't feel much of a financial reprieve from a trade truce with China. While further pain was avoided, U.S. consumers are still living with previous rounds of tariffs.   .....»»

Category: topSource: usatodayJan 15th, 2020

OPEC Forecasts Higher Demand for Crude as Global Economy Improves

The easing of trade tensions between the United States and China is expected to lift global economic growth in 2020. OPEC expects demand for oil to put a strain on supplies, raising prices for the........»»

Category: blogSource: 247wallstJan 15th, 2020

U.S. bike firms face uphill slog to replace Chinese supply chains

When Mehdi Farsi decided to shift production of State Bicycle Co's niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company......»»

Category: topSource: reutersJan 14th, 2020

China"s 2019 iron ore imports rise to second-highest ever

China's iron ore imports rose 0.47% in 2019 to hover just below their all-time annual peak, fueled by strong demand at steel mills and a second-half recovery in shipments from big miners after disruptions earlier in the year......»»

Category: topSource: reutersJan 14th, 2020

Semi equipment suppliers Acter, Nova positive for 2020

Clean room engineering specialist Acter and its factory equipment subsidiary Nova Technology both are positive about their business prospects for 2020 thanks to a significant pick-up in factory construction projects in Taiwan, China and Southeast Asia......»»

Category: topSource: digitimesJan 14th, 2020

China"s 2019 iron ore imports edge up to second-highest on record

China's iron ore imports rose 0.47% in 2019 to hover just below their all-time annual peak, fueled by strong demand at steel mills and a second-half recovery in shipments from big miners after disruptions earlier in the year......»»

Category: topSource: reutersJan 14th, 2020

China posts strong December exports as world awaits Sino-U.S. trade deal signing

China's exports rose for the first time in five months in December and by more than expected, signaling a modest recovery in demand as Beijing and Washington agreed to defuse their prolonged trade war......»»

Category: topSource: reutersJan 14th, 2020

China foundry sector on path to recovery, says SMIC co-CEO

Speaking at a high-tech forum held in Shanghai, Semiconductor Manufacturing International (SMIC) co-CEO Zhao Haijun remarked that China's IC foundry sector will stage a recovery in 2020 driven by chip demand for 5G related devices......»»

Category: topSource: digitimesJan 13th, 2020

Asia Optical to expand capacity in Myanmar

Asia Optical, in view of orders shifted from China-based makers amid the US-China trade disputes, will expand production capacity at its factory in Myanmar in 2020, according to company chairman Robert Lai......»»

Category: topSource: digitimesJan 7th, 2020

Pickup Demand Fails to Lift US Auto Sales in 2019

For the fifth consecutive year, new vehicle sales in the United States topped 17 million. Since the peak in 2016, however, sales are down 2.5%......»»

Category: blogSource: 247wallstJan 6th, 2020

China"s December factory activity set to expand for a second month: Reuters poll

China's factory activity likely expanded again in December on stronger external demand and an infrastructure push at home, but the pace of growth is set to ease as markets await more certainty on a U.S.-China trade truce, a Reuters poll showed......»»

Category: topSource: reutersDec 30th, 2019

China"s industrial profits grow at fastest in eight months, but sustained recovery uncertain

Profits at China's industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year......»»

Category: topSource: reutersDec 27th, 2019

China"s factory, retail sectors shine as trade tensions thaw

Growth in China's industrial and retail sectors beat expectations in November, as government support propped up demand in the world's second-largest economy and amid easing trade hostilities with Washington......»»

Category: topSource: reutersDec 16th, 2019

China copper imports hit 13-month high in November on improved factory activity

China's copper imports rose 12.1% in November from the previous month to their highest in more than a year, as an unexpected improvement in the manufacturing sector drove up demand......»»

Category: topSource: reutersDec 8th, 2019

Oil jumps amid hopes for further OPEC cuts, China factory growth

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year......»»

Category: topSource: reutersDec 2nd, 2019