World Archives - Page 251 of 282

Amid worsening ties, China expected to sanction Australian copper, sugar

3Nov

By Mike TrudellNo Comments

Asia, China, Market, World

Amid worsening ties, China expected to sanction Australian copper, sugar

As relations between China and Australia continue to get worse on a range of issues, importers across Beijing are expected to brace for a round of sanctions on copper ore and copper concentrate as well as sugar this week.The General Administration of Customs of China (GACC) has issued a notice to exporters claiming that it had found a pest in imported log timber from Queensland and has banned all log exports from the Australian state. It further claimed that it had found contamination in barley shipments from Australian grain exporter Emerald Grain as well.As per repots, bans on copper ore and copper concentrate, as well as sugar, are expected to be introduced this week.In September, China suspended barley imports from Australia’s largest grain exporter, CBH Group, after also detecting pes...

Oil gains nearly 2% as robust China trade data offsets returning supply

3Nov

By Desk TeamNo Comments

China, Market, World

Oil gains nearly 2% as robust China trade data offsets returning supply

An aerial drone view of a crude oil storage facility on April 23, 2020 in Cushing, Oklahoma. Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise. Brent crude futures were up 72 cents, or 1.7%, to $42.44 a barrel. West Texas Intermediate crude futures settled 77 cents, or 1.95%, higher at $40.20 per barrel. On Monday, both benchmarks fell nearly 3%. China, the world's top crude oil importer, took in 11.8 million barrels per day (bpd) of oil in September, up 5.5% from August and up 17.5% from a year earlier, but still below the record high level of 12.94 mln bpd in June, customs data showed. "Oil prices, which suffer...

Trump vs Biden: Potential implications for investors

3Nov

By Desk TeamNo Comments

Asia, China, Market, Singapore, World

Trump vs Biden: Potential implications for investors

As the clock ticks down to the US presidential election, Money Mind looks into the potential impact of a Trump or Biden victory, and what this means for investors. SINGAPORE: As the clock ticks down to the US presidential election on Nov 3, the intensity of the contest between Republican President Donald Trump and Democratic challenger Joe Biden is rising. For investors, the anticipation of the outcome has led to some wild rides in the markets. A survey conducted by wealth management firm UBS in September found that investors favoured Mr Trump for economic direction and job growth. However, Mr Biden was their pick to manage the COVID-19 downturn, foreign policy, and healthcare. Over the past month, much has happened. From a first presidential debate that some have called disastrous...

At least 25 dead, scores missing after Typhoon Molave lashes Vietnam

2Nov

By Desk TeamNo Comments

World

At least 25 dead, scores missing after Typhoon Molave lashes Vietnam

HANOI: Vietnam deployed hundreds of soldiers and heavy machinery on Thursday (Oct 29) to search for survivors after landslides triggered by torrential rains from Typhoon Molave, one of the strongest typhoons in the region in decades. The landslides, which hit remote areas in the central province of Quang Nam late on Wednesday, killed 13 with 40 missing as rescue efforts were hampered by bad weather at the tail end of the storm, the government said. State media said 12 fishermen died at sea. "We can forecast the storm path or the amount of rain, but can't predict when landslides happen," Deputy Prime Minister Trinh Dinh Dung said in a statement. "The road is covered under deep mud and heavy rains are still lashing the area, but rescue work has to be carried out quickly," Dung said. ...

Wall Street shares close higher on stimulus hopes

2Nov

By Desk TeamNo Comments

Market, World

Wall Street shares close higher on stimulus hopes

Wall Street's main indexes climbed on Tuesday on growing signs that U.S. lawmakers were making headway in their talks over stimulus to support an economic recovery from the impact of the COVID-19 pandemic. NEW YORK: Shares on Wall Street ended higher on Tuesday on growing optimism that talks among U.S. lawmakers are progressing with respect to a U.S. stimulus package aimed at cushioning the economic shock from the coronavirus pandemic. House of Representatives Speaker Nancy Pelosi said she was optimistic Democrats could reach a deal with the White House that could get aid out by early next month. She added there should be an indication of a possible agreement later on Tuesday. "I think no matter who gets elected, we will get the stimulus," said Brian Reynolds, chief market strategis...

China lobbying to obtain French nuclear technology for ‘debt-trap diplomacy’: Report

2Nov

By Mike TrudellNo Comments

China, World

China lobbying to obtain French nuclear technology for ‘debt-trap diplomacy’: Report

A US-based news organization has claimed that China has intensified lobbying and "backchannel negotiation" in its attempts to obtain billions of dollars of nuclear technology, which it can use as a new tool in its "debt-trap diplomacy"Under the "guise of ameliorating Franco-Sino bilateral relations", the Chinese government has recently intensified lobbying campaign targeting important French politicians in an increasingly "frenetic bid to obtain billions of dollars of nuclear technology", which intelligence sources fear Beijing will use to expand its global influence.Senior intelligence sources said Beijing was currently "lobbying hard" in order to secure a future visit by French President Emmanuel Macron in the recent future.China is seeking to "rekindle a 10-billion euro deal" between Ch...

2Nov

By Desk TeamNo Comments

Asia, China, World

China reports 10 COVID-19 cases

BEIJING: China reported 10 new COVID-19 cases on Oct 1, down from 11 a day earlier, the country's health authority reported on Friday (Oct 2). The National Health Commission said in a statement all new cases were imported infections involving travellers from overseas. The number of new asymptomatic cases, which China does not count as confirmed COVID-19 cases, rose to 33 from 10 a day earlier. The total number of COVID-19 infections in China now stands at 85,424, while the total number of deaths remained unchanged at 4,634. Download our app or subscribe to our Telegram channel for the latest updates on the coronavirus outbreak: https://cna.asia/telegram

Wall Street closes higher as stimulus talks progress

2Nov

By Desk TeamNo Comments

China, Market, World

Wall Street closes higher as stimulus talks progress

U.S. stocks jumped on Wednesday as fresh hopes for a new pandemic relief package and upbeat economic data set the major indexes on course to end the quarter on a high note. NEW YORK: U.S. stocks closed solidly higher on Wednesday as government leaders continued talks for a new pandemic relief package and positive economic data helped the major indexes end the third quarter in positive territory. All three major indexes surged after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both expressed hope for a breakthrough in partisan stimulus negotiations. But the indexes pared gains after Senate Majority Leader Mitch McConnell warned the sides remain "far apart" in their talks. "We had the economic news which was pretty good, and continued discus...

Jakarta governor to take protesters’ demand to repeal labour law to President Widodo

1Nov

By Desk TeamNo Comments

USA, World

Jakarta governor to take protesters’ demand to repeal labour law to President Widodo

JAKARTA: The governor of Indonesia's capital on Friday (Oct 9) said he would inform President Joko Widodo of protesters' demand for a polarising new labour law to be repealed, as a growing number of regional leaders oppose the new legislation. Thousands took to the streets of cities across Indonesia in the past three days, part of protests and national strikes against a law they say undermines labour rights and weakens environmental protections. Clashes erupted in some cities, including in Jakarta where protesters burnt public transport facilities and damaged police posts. "Yesterday I also met with the protesters and we had brief discussion with them, I'd told them that we had listened to your voices and I will convey the message," Jakarta Governor Anies Baswedan told Reuters. He d...

New 3.5km path linking Changi Airport and East Coast Park opens, featuring dinosaur exhibits

1Nov

By Desk TeamNo Comments

Singapore, World

New 3.5km path linking Changi Airport and East Coast Park opens, featuring dinosaur exhibits

related media assets (image or videos) available. Click to see the gallery. 2 related media assets (image or videos) available. Click to see the gallery. SINGAPORE: Here’s another one to add to your list of day trips – 22 "life-sized" dinosaur models along the Changi Airport Connector, a new 3.5km path that links the airport to East Coast Park. The cycling and walking path, which starts at Terminal 2, opened on Sunday (Oct 11). It runs parallel to offices providing ground handling services, Terminal 4 and Tanah Merah Country Club. The Changi Jurassic Mile – a permanent outdoor display of 22 dinosaurs from nine species – is located between the Terminal 4 pit stop and the entrance to East Coast Park. Information panels have been put up to educate visitors about these prehistor...

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