Thursday 26 May 2016
 
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China

Oil prices top $50, Asian shares struggle

Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about US interest rates and China's slowing economy keeping many investors on the sidelin

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Steel industry calls on G7 to protect it from China

Twelve global steel associations urged the Group of Seven advanced economies, which meet in Japan this week, to prevent cheap Chinese steel distorting world markets and inflicting further pain on producers. Steelmakers have been h

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Oman, China plan to set up industrial city in Duqm

Oman and China plan to sign a usufruct agreement aimed at establishing a major industrial city in Duqm, which is expected to attract as much as $10 billion worth in investments by 2022, said a report. The agreement for the China-O

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$458bn for China poverty reduction

Agricultural Development Bank of China, one of the country's main policy lenders, plans to lend 3 trillion yuan ($458.12 billion) up to 2020 as part of government efforts to reduce poverty, state media reported.  

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China to support steel exports as US imposes hefty tariffs

China said it would persist with controversial tax rebates to steel exporters to support the sector's painful restructuring programme, defying a US move to impose punitive import duties on Chinese steel products. A worldwide s

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Iran signs oil sales deal with Sinopec

National Iranian Oil Company (NIOC) has signed a new crude and condensate sales agreement with Sinopec of China, a report said. "Oil sales to Chinese firms was not halted even during the years of sanctions and negotiations ar

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China's Geely cars think big with Volvo makeover

The Briton who smoothed out Volvo's boxy lines and put signature radiator grilles on Lincolns for Ford is aiming to give China's Geely range global appeal by ditching its utilitarian image. Peter Horbury is central to effo

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Venezuela reaches 'better' oil loans deal with China

Venezuela has reached a deal with its main financier China to improve the conditions of an oil-for-loans deal, giving the Opec member's crisis-hit economy "oxygen" ahead of heavy debt payments, its top economic official said.

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Venezuela reaches 'better' oil loans deal with China

Venezuela has reached a deal with its main financier China to improve the conditions of an oil-for-loans deal, giving the Opec member's crisis-hit economy "oxygen" ahead of heavy debt payments, its top economic official said.

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China stocks fall for fourth straight week amid economic worries

China stocks closed at their lowest level in two months on Friday, with the benchmark index registering its fourth week of declines, amid increasing concerns that a recent pick-up in economic activity may be fizzling out. The Shan

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