Category: Commodities News
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SingaporeCOMMODITIES-trading giant Trafigura's presence in China provided crucial heads-up on the demand and supply oil shocks awaiting the world as the pandemic reared its head last year. The on-the-ground intel it received enabled the Singapore-headquartered trader to pull off...
The ASX is rising on Thursday as Joe Biden's inauguration boosts global sentiment and local data shows the Australian unemployment rate is dropping.As of 12:00pm, the ASX 200 was up 0.6 per cent to 6,814.The All Ords was also up 0.6 per cent.Market snapshot at 10:30am (AEDT):ASX 200 +0.8pc at 6,821AUD: 77.44 US cents, 56.74 British pence, 63.95 Euro cents, 80.18 Japanese yen, $NZ1.08US: Dow Jones +0.8pc at...
NEW YORK (BLOOMBERG) - BYD, a Chinese electric-vehicle manufacturer backed by Warren Buffett, raised HK$29.9 billion (S$5.1 billion) from an upsized sale of its Hong Kong-listed shares, capitalising on rising demand for new-energy vehicles and a blistering stock rally. The company agreed to sell 133 million shares at HK$225 each, representing a discount of 7.8 per cent to Wednesday's (Jan 20) closing price of HK$244, according to a...
By Reuters Staff2 Min ReadFILE PHOTO: A 3D-printed coronavirus model is seen in front of a British flag on display in this illustration taken March 25, 2020. REUTERS/Dado RuvicLONDON (Reuters) - Rapid lateral flow tests will likely identify the most infectious COVID-19 cases with higher viral loads despite concerns over the overall sensitivity of the tests, Oxford University researchers said on Thursday, as the British government eyes mass...
- President Xi inspects Olympic preparations in Beijing and Zhangjiakou. -- China will host a spectacular Games with unique characteristics. -- The high-speed rail that marks essential progress in the Olympic preparations is hailed as a successful demonstration of China's independent innovation. BEIJING, Jan. 20 (Xinhua) -- President Xi Jinping has called for advancing preparation work for the Beijing 2022 Olympic and Paralympic Winter Games against difficulties and...
Evangelical Christian leaders are applauding President Joe Biden's day-one efforts to fix "our nation's broken immigration system." Biden has rescinded his predecessor's "Muslim ban" and moved to preserve protections for immigrants brought to the US as children. Biden is also proposing a path to citizenship for more than 11 million undocumented people. Visit Business Insider's homepage for more stories. President Joe Biden's immediate steps to undue his predecessor's...
New China Life Insurance Co. (NCI) Chairman Liu Haoling will resign for work-related reasons, the company said Wednesday. Another executive from the company’s largest shareholder might replace him, sources told Caixin. Liu was appointed by China Investment Corp. (CIC) as deputy general manager and chief risk officer in December. Central Huijin Investment Co. Ltd., a subsidiary of CIC, owns a 38% stake in NCI. The news came one...
NEW YORK/BOSTON (Reuters) - Jack Ma’s 50-second video reappearance may have buoyed Alibaba Group’s shares, yet it has done little to resolve the Chinese e-commerce giant’s troubled relationship with regulators that is making some investors hesitate about owning its stock.FILE PHOTO: Jack Ma, chairman of Alibaba Group arrives at the "Tech for Good" Summit in Paris, France May 15, 2019. REUTERS/Charles Platiau/File PhotoThe company’s American Depositary Receipts (ADRs)...
Australian shares have risen in early trade on Thursday as the local market takes a positive lead from the start of a new era in the United States.As of 10:30am, the ASX 200 was up 0.8 per cent to 6,821.The All Ords is also up 0.8 per cent.Market snapshot at 10:30am (AEDT):ASX 200 +0.8pc at 6,821AUD: 77.44 US cents, 56.74 British pence, 63.95 Euro cents, 80.18 Japanese yen,...
Kerala-headquartered Federal Bank Ltd’s December quarter metrics ticked all the right boxes and investors rewarded the performance by driving up shares on Wednesday. The private sector lender showed the benefits of a recovering economy and a bounce-back in retail loans. Operating profit for the quarter grew at a healthy 29% to ₹963 crore as core interest income rose by 24%. Retail loans and loans to small businesses showed...
Tom Daly and Emily ChowAAPCamera IconThe last time China had no imports of copper concentrate from Australia was in April 2004. Credit: TheWestShare to FacebookShare to TwitterEmail UsCopy the Link China’s imports of copper concentrate from Australia dried up completely in December, customs data shows, as smelters shun Australian suppliers amid rising tensions between the two nations.It marks the first time in more than 16 years that monthly...
The Northern Star Resources Ltd (ASX: NST) share price is charging higher today following the release of its quarterly update. At the time of writing the Northern Star share price is up 2.5% to $13.75. How is Northern Star performing? Northern Star had a strong three months in what could be its last full quarter as a standalone company ahead of its proposed merger with Saracen Mineral Holdings...
