China continued to see a deficit in foreign service trade in November but the volume has narrowed, data from the State Administration of Foreign Exchange (SAFE) showed on Wednesday. The deficit came in at 15.6 billion U.S. dollars, ...
Tags: Trade Deficit
China on Wednesday lowered its current account surplus for the third quarter and revised its estimate for the capital and financial account from a deficit to a surplus. The third-quarter surplus under the current account was cut to 60.3 ...
Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...
Tags: Gasoil, sulfur gasoil
The just-concluded 14th Shanghai Cooperation Organization (SCO) prime ministers' meeting has once again drawn global attention to China's endeavor to export its surplus industry capacity to meet demand in other countries. A statement ...
The mainland company Unigroup's investment in Taiwan's semiconductor industry is purely commercial and should not be politicized, a mainland official said Wednesday. Unigroup, controlled by the prestigious Tsinghua University, is buying ...
Tags: Unigroup, semiconductor
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
Bulgaria and the European Commission have agreed to establish a joint working group to support the development of a gas hub in Bulgaria designed to serve the whole Balkan region. Gas infrastructure in southeast Europe is poorly ...
Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
Premier Li Keqiang has pledged "firmer resolve and greater efforts" to tackle the long-standing problem of industrial overcapacity as "old growth drivers" such as manufacturing and investment continue to struggle. China is experiencing a ...
Tags: high-tech industries, Overcapacity
Polyethylene shipments from Singapore to India are expected to pick up in the long term following a free trade agreement taking effect December 1, sources said Friday. But sources in both markets do not expect this to have much impact ...
Tags: Polyethylene, Polymer, LLDPE plant
UK day-ahead power prices were mixed on Tuesday, moving in opposite directions for the second consecutive day this week, as healthy wind supply and weak NBP spot market offset bullish influence of rising demand. At the Platts 1100 GMT, ...
Tags: gas-fired power, coal-fired power, NBP gas
The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...
Tags: RBOB, gasoline, Renewable Fuels