Taiwan

Trade sources reported on Thursday that Saudi Arabia's crude shipments to China, its largest customer, will drop to the lowest level for more than a full year in April. This is partly due to maintenance programs at Sinopec-owned Chinese refineries. Data shows that the OPEC producer, Saudi Arabia, allocated 34 million barrels to its Chinese clients in April, down from 41 millions barrels the previous month. China's drop in demand for Saudi crude oil is despite the Organization of the Petroleum Exporting Countries (OPEC+) and its allies agreeing to continue with their plan to increase production in April. Sinopec intends...

Three trade sources on Tuesday said that Taiwan's CPC Corp. is looking to export jet fuel in March. This would be the first time in almost three years that it has made such an offer. They added that the state-owned oil company issued a tender for a combined cargo of 150,000 jet fuel barrels and 150,000 jet fuel barrels with 10ppm of sulphur. It was not possible to confirm exact loading details. One source stated that the tender will close on February 19, but it is valid until February 20. A second source said that the rare move was due...

U.S. utilities are signing concrete supply deals with datacenter operators as the artificialintelligence wave triggers a rise in power demand, leading the way for higher profits in the coming quarters. Information centers are anticipated to represent 8% of the power generated in the U.S. by 2030, compared to 3% in 2022, according to a Goldman Sachs report in May. Here are some deals revealed by energies in 2024 and 2025: PPL's Kentucky system, Louisville Gas and Electric Company, signed a power supply arrangement with property designers PowerHouse Data Centers and Poe Companies, who will be developing a 400 megawatts (MW)...

U.S. energies are lastly signing concrete supply deals with datacenter operators as the artificialintelligence wave triggers a rise in power need, paving the way for greater earnings in the coming quarters. Data centers are expected to represent 8% of the power produced in the U.S. by 2030, compared to 3% in 2022, according to a Goldman Sachs report in May. Here are some deals announced by utilities in 2024: Constellation Energy signed a special handle Microsoft to restart among the systems at the 3 Mile Island nuclear plant in Pennsylvania. Under the agreement, the utility will provide 835 megawatts (...

U.S. energies are finally signing concrete supply deals with datacenter operators as the artificialintelligence wave sparks a surge in power demand, leading the way for higher earnings in the coming quarters. Information centers are anticipated to account for 8% of the power created in the U.S. by 2030, compared with 3% in 2022, according to a Goldman Sachs report in May. Here are some deals revealed by energies in 2024: Constellation Energy signed an exclusive deal with Microsoft to reboot among the systems at the 3 Mile Island nuclear plant in Pennsylvania. Under the agreement, the energy will provide 835...

Hurricane Usagi damaged sharply on Friday after bearing down on the Philippines' northern towns, blowing away homes in its course as authorities brace for another storm that might hit the capital Manila over the weekend. Usagi, known locally as Ofel, magnified into an extremely tropical cyclone as it made landfall in the town of Baggao in Cagayan province on Thursday afternoon. Philippine meteorological firm Pag-asa stated that Usagi has because weakened and is now headed towards Taiwan. Usagi is the 15th cyclone to hit the Philippines this year. Authorities are currently bracing for another typhoon, Man-yi, which might strike eastern...

Saudi Arabia's crude oil supply to China is set to fall to about 36.5 million barrels in December, trade sources said on Monday, on weak need from the world's largest importer. This is a 2nd straight month of decline and the most affordable volume given that July, down from about 37.5 million barrels that Chinese refiners are expected to receive in November and about 46 million barrels in October, trade information collected showed. China's state majors Sinopec, PetroChina and Sinochem will be lifting less crude in December while Saudi supply to its joint venture Fujian refinery will rebound as the...

Japanese trading house Itochu on Wednesday published 438.4 billion yen ($ 2.9 billion) in net profit for the six months to endSeptember, up 6% from a year previously, on nonresource products consisting of food and the FamilyMart convenience store chain. Itochu kept its net earnings forecast for the fiscal year the same at 880 billion yen, of which 24% or 213 billion yen is predicted from food, fabrics and the 8th department to where FamilyMart belongs, overtaking the profit's largest factor, the metals and minerals department with a 200 billion yen projection. Over the previous number of years, Japanese trading...

The European Union, rushing to develop a 9 million euro joint getting mechanism for important minerals and energy, is choosing between 8 bidders competing to develop a platform, documents revealed and sources with direct understanding told Reuters. The bloc's reasoning for pooling together buying orders is that it would hand individuals more take advantage of to attain more beneficial deals and rates for crucial minerals necessary for the green shift that sell thin and nontransparent markets frequently controlled by China. The EU aims to sign an agreement by the end of the year and begin establishing areas of the platform...

U.S. energies are lastly signing concrete supply deals with datacenter operators as the artificialintelligence wave triggers a surge in power need, paving the way for higher earnings in the coming quarters. Data centers are anticipated to account for 8% of the power created in the U.S. by 2030, compared with 3% in 2022, according to a Goldman Sachs report in May. Here are some offers announced by utilities in 2024: Constellation Energy signed an exclusive handle Microsoft to reboot among the systems at the Three Mile Island nuclear plant in Pennsylvania. Under the arrangement, the energy will supply 835 megawatts...

Asian refiners' margins slumped to their lowest seasonal levels considering that 2020 today as supplies of diesel and fuel rose after peak summertime travel need ended, market officials and analysts stated on Friday. Consistent weak margins might trigger refiners to trim their output once again, adding to a round of cuts that happened earlier in the year when margins were also low and curbing crude need in Asia, the region that contributes most to international oil demand development. Asia has been cutting runs considering that May, 400,000-500,000. barrels daily, consisting of China, said Amrita Sen, founder and. director of Research...

Canada's big 6 banks will probably reserved an overall of C$ 4.5 billion in loan loss arrangements in the third quarter, analysts forecasted, up nearly 27% from a year ago, as insolvencies increase and lending institutions prepare for charge card and other delinquencies in a difficult economy. The banks, which control a huge piece of the country's. banking market share, might feel the impact of raised borrowing. costs, slowing work and possibility of an economic downturn. weighing on consumer and organization sentiment. Third-quarter results are likely to reflect a challenged. Canadian economy, with banks expected to report slow loan. growth,...

Since returning to office in January, Donald Trump has issued numerous tariff threats. These range from a duty on all imports to a targeted tariff on certain sectors or countries. Trump's threats changed over time. This left other nations and business unclear as to what was next. It also created uncertainty for consumers and triggered a recent stock-market selloff. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual roll-out of tariffs that will apply to all U.S. imported goods. Last month, Trump asked his team of economists to...

As major producers around the world prepare for Wednesday's increased tariffs, two major South Korean steelmakers have been evaluating their options to invest in new facilities. They said that the options included investing in operations in the U.S. The U.S. President Donald Trump’s decision to increase protection for American producers of steel and aluminum restores global tariffs that are effective at 25% on all metal imports. It also extends these duties to hundreds downstream products, such as nuts and bolts, bulldozers blades and cans. Canada, the largest foreign supplier of aluminium and steel to the U.S.A., Brazil, Mexico, and South...

Since returning to office in January, Donald Trump has issued numerous tariff threats. These range from a duty on all imports to a targeted tariff on certain sectors or countries. Trump's threats changed over time. This left other nations and business unclear as to what was next. It also created uncertainty for consumers and triggered a recent stock-market sell-off. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual roll-out of tariffs that will apply to all U.S. imported goods. Last month, Trump asked his team of economists to...

The trade ministry announced on Friday that Vietnam would levy a temporary antidumping tax of up to 27,83% on certain hot-rolled coils steel products from China. In a statement, the Ministry said that the tariff would be effective on March 7, and it will last for 120 days. Baoshan Iron & Steel, Maanshan Iron & Steel are among the companies affected by these duties Vietnam launched an investigation into anti-dumping in July after complaints by Vietnamese producers. After business hours, the Chinese ministries of foreign affairs and commerce did not respond to faxed comments. Hanoi's decision comes after the U.S....

Since Donald Trump returned to office in the United States last month, he has imposed numerous tariffs on imported goods and threatened to do so more frequently. These can be broad - such as a tariff on all imported goods from abroad - or targeted at certain sectors, countries, or regions to try and get them to comply with his demands. Trump's threats are constantly changing, and other nations and businessmen are unsure of what to expect next. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual rollout...

A government spokesperson announced that Karnataka, a state in southern India, had received investment proposals totaling nearly 10 trillion rupees (115.31 billion dollars) as the country attempts to boost its manufacturing sector and create jobs in an economy slowing down. At the Invest Karnataka event held on Tuesday, a spokesperson stated that the proposed investments would be focused on renewable energy, automobiles, steel, semiconductors, and other areas. Not all of the proposals have been approved and the government does not provide a timetable for these investments. New Indian Express reported last week that the state government plans to implement 70%...

Since Donald Trump returned to office in the United States last month, he has imposed numerous tariffs on imported goods and threatened to do so more frequently. These can be broad - such as a tariff on all imported goods from abroad - or targeted at certain sectors, countries, or regions to try and get them to comply with his demands. Trump's threats changed over the years, from small levies up to those exceeding 200%. Other nations and businesses are unsure of what will happen next. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS...

China stated on Thursday it would use provisional responsibilities on imports of industrial plastics from the United States, European Union, Japan and Taiwan after a. monthslong antidumping investigation. The provisional anti-dumping levies on polyacetal copolymers. range from 3.8% to 74.9% depending upon the nation and business. and will commence from January 24, the Commerce Ministry stated in. a declaration. China launched the examination in May, the same week that. U.S. treked tariffs on Chinese electric vehicles and the European. Union introduced a trade examination into certain Chinese steel. imports. The nine-month investigation revealed its findings days. before Donald Trump is...

U.S. President Joe Biden on Sunday met essentially with his equivalents from Japan and the Philippines to advance cooperation amongst the three countries, the White Home stated. The 3 leaders discussed trilateral maritime security and economic cooperation, and China's unsafe and unlawful habits in the South China Sea, it said in a statement. The three leaders agreed on the significance of continued coordination to advance a complimentary and open Indo-Pacific. Biden spoke with Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. late on Sunday, a week before Biden leaves office and hands power to President-elect Donald Trump...

Donald Trump has actually been chosen U.S. president, topping an amazing comeback 4 years after he was voted out of the White Home. Here is what business in Asia have bought the United States, what Trump has stated about them and what possible U.S. service policy changes would mean for Asian companies. SEMICONDUCTORS Asian chipmakers, led by Taiwan's TSMC and South Korea's Samsung Electronics, have jointly invested a minimum of $117 billion in the U.S., encouraged by the current U.S. administration's essential initiative aimed at lowering its dependence on Asia for high-end chips. In return, they have gotten or been...

A fire at a major Tata Electronic devices plant manufacturing elements for Apple iPhones in southern India halted production on Saturday, the most current in a series of events disrupting Apple's facilities in the area. It is not yet clear what caused the blaze in Tata's Tamil Nadu plant. Apple has been considering a large manufacturing base in India since it began iPhone assembly in the country in 2017. Presently, its products are produced through contracts with companies consisting of Foxconn and Tata Electronics. The level of the fire's effect on Tata's products is still unknown. One structure where iPhone...

Financiers are piling into exchange traded funds concentrated on business that are restoring or expanding production in the U.S. and benefiting from federal government subsidies. Some $2.25 billion has streamed into a little group of ETFs highlighting the so-called reshoring theme this year, bringing their total assets to a record $9.67 billion by the end of August. Companies keep describing reshoring as a long-lasting driver of their development, and our goal is to find beneficiaries or enablers of that pattern before that theme is mainstream, said Chris Semenuk, who oversees the actively managed Tema American Reshoring ETF, introduced last year....