Vladimir Soldatkin (Reuters) SOCHI, Russia Russian President Vladimir Putin and his Chinese counterpart Xi Jinping last week oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an economic and political boost to ties between Moscow and Beijing. The start of gas flows via the...
Raymond Zhong (New York Times) SHENZHEN, China Huawei, the Chinese technology powerhouse, is challenging the Federal Communications Commission in court for choking off its sales in the United States, the latest in the besieged company’s widening efforts to hit back at regulators and critics across the globe. The FCC voted last month...
LONDON, (Reuters) The Japanese yen fell to a six-month low and the Australian and New Zealand dollars rallied after an unexpected rebound in Chinese manufacturing activity raised hopes of a brighter outlook for the world economy. The euro was steady ahead of a testimony to the European parliament by the European...
Niyati Shetty (Reuters) Australian shares rose for a sixth straight session on Friday, driven by healthcare stocks and as prospects of local monetary policy easing buoyed risk sentiment. However, trading volumes were low in the region as U.S. financial markets were closed for a Thanksgiving holiday on Thursday. The S&P/ASX 200 index...
South Korea will idle up to a quarter of its coal-fired power plants between December and February to help limit air pollution, and the remaining plants should be enough to supply power over the winter, the country's energy ministry said on Thursday. The presidential committee recommended in September shutting down...
BRUSSELS European Union lawmakers approved an increase in U.S. beef imports to the EU on Thursday, a move likely to ease transatlantic tensions. But they also criticized tariffs imposed by U.S. President Donald Trump on metal imports and a threat he has made to target EU cars and car parts. The European...
LAUNCESTON Profits at Asian refineries are being buffeted by a combination of factors, chief among them uncertainty over how exactly new shipping fuel standards will play out and the rise of China as a product exporter. Refinery margins in Asia have been knocked to the lowest since the financial crisis in...
MELBOURNE Australia's minerals agency has signed a deal with its United States counterpart to jointly develop a better understanding of both countries' critical minerals reserves, Australia said on Tuesday. GeoScience Australia and the United States Geological Survey (USGS) signed the agreement, which did not mention any specific funding, that will also...
ATHENS Greece expects its economy to grow by 2.8 percent next year, driven by higher investments, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis. Data from the 2020 budget, formally submitted to parliament for approval on Thursday, also forecast a primary surplus of 3.56...
LONDON The dollar stabilized against a broad basket of other currencies on Tuesday after three consecutive days of losses as investors waited for the release of the minutes of the U.S. central bank meeting at end-October when policymakers had cut interest rates. Global macro hedge funds had ramped up their dollar...