Explainer: How will China’s latest oil probe affect the world’s biggest crude importer?
This year China’s government has been gradually ramping up scrutiny of its sprawling oil industry, reinforcing its authority with new taxes on refined products while investigating crude imports by state energy giants and independent refiners.
U.S. chip subsidy effort faces pushback over China issues
A series of amendments for a $190 billion U.S. Senate bill aimed at countering China’s technology challenge are in limbo after business groups protested proposals intended to ensure that none of the money finds its way to China or other U.S. rivals.
EXCLUSIVE China bars banks from selling commodities-linked products to retail buyers -sources
China’s banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb investment losses amid volatile commodity prices.
Asian shares step back from 2-wk highs, dollar firm
Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top.
U.S. trade chief Tai says U.S. faces ‘very large challenges’ on China
U.S. Trade Representative Katherine Tai said on Wednesday that the United States still faces “very large challenges” in its trade and economic relationship with China that require the Biden administration’s attention across the board.
EXCLUSIVE Hyundai to slash combustion engine line-up, invest in EVs – sources
Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters.
HK’s Next Digital shares soar as trading resumes after Jimmy Lai assets frozen
Shares in jailed tycoon Jimmy Lai’s Next Digital Ltd (0282.HK) soared on Thursday, the first day of trading after a suspension of longer than a week following a freeze in the pro-democracy activist’s assets under the national security law.
China’s crypto crackdown speeds shift to central Asia, North America mining
A crackdown by Beijing is rapidly accelerating a shift in focus by makers of machines that ‘mine’ cryptocurrencies like bitcoin from China to North America and Central Asia as Chinese clients face an uncertain future.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
EXCLUSIVE China bars banks from selling commodities-linked products to retail buyers -sources
China’s banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb investment losses amid volatile commodity prices.
