By Naveen Thukral and Bernadette Christina SINGAPORE/JAKARTA (Reuters) -A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable …
curbs
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Business News
Malaysia says it could stop palm oil exports to EU after new curbs
by Reutersby ReutersBy Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia said on Thursday it could stop exporting palm oil to the European Union in response to a new EU law aimed …
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Business News
China officially launches WTO dispute against U.S. chip export curbs
by Reutersby Reuters(Reuters) – China has officially launched a trade dispute at the World Trade Organization (WTO) against the United States, challenging Washington’s chip export curbs, the WTO said on Thursday. The …
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Business News
Asian FX bulls return as easing China COVID curbs improves outlook: Reuters poll
by Reutersby ReutersBy Upasana Singh (Reuters) – Investors were most bullish on the Singapore dollar and the Thai baht since the Russia-Ukraine conflict broke out in February, as China easing its strict …
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Business News
China fuel demand outlook brightens as road, air traffic jump after COVID curbs ease
by Reutersby ReutersBy Muyu Xu SINGAPORE (Reuters) – Road and air traffic in China, the world’s second-biggest oil consumer, has rebounded sharply after a significant easing in the country’s COVID-19 restrictions, boosting …
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Business News
Apple supplier Foxconn’s founder pushed China to ease COVID curbs – WSJ
by Reutersby Reuters(Reuters) -Apple supplier Foxconn’s founder Terry Gou had warned China that the government’s zero-COVID stance would threaten the position of the world’s second-largest economy in the global supply chain, the …
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Business News
Investors bet China’s rally on easing COVID curbs will be furious but fleeting
by Reutersby ReutersBy Jason Xue and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Investors piling into China’s tourism, catering and beverage stocks as Beijing eases strict COVID-19 curbs are also keeping an eye …
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SHANGHAI (Reuters) – China’s yuan firmed past the closely watched 7-per-dollar level on Monday, hitting its strongest since mid-September, as Beijing eased some of its strict COVID-19 curbs, potentially attracting …
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Business News
China’s factory activity shrinks in Nov amid widespread COVID curbs – Caixin PMI
by Reutersby ReutersBEIJING (Reuters) – China’s factory activity shrank in November as widespread COVID-19 curbs disrupted manufacturers’ output, a private sector survey showed on Thursday, weighing on employment and economic growth in …
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Business News
Bank of Russia open to relaxing curbs on non-residents transactions if sanctions eased
by Reutersby ReutersMOSCOW (Reuters) – Russia is open to relaxing restrictions on transactions by so-called unfriendly non-residents in exchange for the un-freezing of Russian assets abroad, its central bank said on Tuesday. …
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US and World News
China’s rich provinces post slower growth than national economy on COVID curbs
by Reutersby ReutersBEIJING (Reuters) – Some of China’s most affluent regions reported slower growth in the first three quarters of the year than the national economy, as COVID-19 curbs disrupted factory and …
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US and World News
Estee Lauder cuts forecasts on China curbs, tightening inventories
by Reutersby ReutersBy Ananya Mariam Rajesh (Reuters) -Estee Lauder Cos Inc cut its full-year forecasts on Wednesday ahead of the most important holiday season, blaming lockdowns in China and American retailers cutting …
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US and World News
China COVID curbs exact wider business toll on Yum, EV maker Nio
by Reutersby ReutersSHANGHAI (Reuters) – Chinese electric vehicle maker NIO suspended production at its plants in the eastern city of Hefei as rising COVID-19 cases and China’s heavy-handed response to outbreaks exact …
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US and World News
China’s Oct factory activity shrinks as COVID curbs hit output, demand – Caixin PMI
by Reutersby ReutersBEIJING (Reuters) – China’s factory activity weakened in October as protracted COVID-19 restrictions disrupted production and subdued demand, a private-sector survey showed on Tuesday, suggesting a weaker economic recovery in …
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US and World News
Marketmind: Fed peak rate talk meets China curbs, grain strain
by Reutersby ReutersA look at the day ahead in U.S. and global markets from Mike Dolan. A potentially pivotal week for U.S. monetary policy has been given a new twist from fresh …
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US and World News
Taiwan Q3 GDP grows faster than expected on lifting of COVID curbs
by Reutersby ReutersTAIPEI (Reuters) -Taiwan’s economy grew much faster than expected in the third quarter and at its fastest pace since the last three months of 2021, boosted by a revival of …
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US and World News
Foxconn says production normal at iPhone plant in China despite COVID curbs
by Reutersby Reuters(Reuters) -Taiwan electronics manufacturer Foxconn said on Friday production at its largest iPhone factory remains normal, despite tightening COVID-19 restrictions at the plant in the Chinese city of Zhengzhou this …
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US and World News
Lam Research warns of up to $2.5 billion revenue hit from U.S. curbs on China exports
by Reutersby Reuters(Reuters) – Chip-making technology provider Lam Research Corp on Wednesday warned of a $2 billion to $2.5 billion revenue hit in 2023 from U.S. curbs on exports of high-end technology …
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US and World News
Britain’s markets watchdog ups curbs on retail investment firms
by Reutersby ReutersLONDON (Reuters) – Britain’s markets watchdog curbed activities of twice as many consumer investment firms in the last financial year as the previous year, it said on Tuesday, as it …
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US and World News
Exclusive-KLA to stop sales and service to China to comply with U.S. export curbs – source
by Reutersby ReutersBy Josh Horwitz SHANGHAI (Reuters) – U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance …
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US and World News
EU takes step to ease proposed curbs on foreign banks, document shows
by Reutersby ReutersBy Huw Jones LONDON (Reuters) – Foreign bank branches in the European Union would not automatically become a costlier subsidiary if their business reached a certain “systemic” size, the Czech …
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US and World News
Australia rules out curbs on gas exports after producer deal
by Reutersby ReutersBy Sonali Paul MELBOURNE (Reuters) -Australia will not put curbs on gas exports after reaching a deal with its three east coast producers of liquefied natural gas (LNG) to avert …
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US and World News
EU eyes oil price cap, more high-tech export curbs in new Russia sanctions -sources
by Reutersby ReutersBy Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) -The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals, …
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US and World News
KLM disappointed with new passenger curbs at Schiphol airport
by Reutersby Reuters(Reuters) – Airline company KLM, which is part of Air France-KLM, criticised as “disappointing” on Friday a decision by Amsterdam’s Schiphol airport to place further curbs on the number of …
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SHANGHAI (Reuters) – Chinese battery maker Contemporary Amperex Technology Co’s Yibin plant, which mainly supplies battery cells to Tesla Shanghai, said it is operating in compliance with COVID-19 control measures …