Issue 78 - 11.11.2019
11.11.2019

China signs nearly 200 deals for new Silk Road projects

China’s trillion-dollar Belt and Road Initiative (BRI), also known as One Belt, One Road,” has already attracted nearly 170 participants, Chinese President Xi Jinping has announced, vowing to further develop the project.

“To date, China has signed 197 documents on Belt and Road cooperation with 137 countries and 30 international organizations,” he said in the opening speech at the China International Import Expo in Shanghai on Tuesday.

The development of the initiative, which is aimed at boosting trade connections across the world and linking China with other countries, is a central part of plans to open up the Chinese market, according to Xi. Other proposed measures include boosting investment and imports, lowering tariffs, developing free-trade zones, improving business environment as well as deepening bilateral and multilateral cooperation.

“Standing at a new historical starting point, China will open its door only wider to the world,” Xi stated, calling for other countries to “stand firm against protectionism and unilateralism.”

The ambitious BRI, launched in September 2013 by President Xi, could cost Beijing up to $1.3 trillion by 2027, according to Morgan Stanley’s estimates. China’s cumulative investment in the BRI countries has already surpassed $100 billion, with the value of the construction projects exceeding $720 billion, Vice-Minister of Commerce Qian Keming said in September.

Reported on November 5 2019 by Russia Today.

EURASIA

11.11.2019

Power of Siberia gas pipeline to China to be put into operation on December 2

Gazprom and China have set the date for the official launch of the Power of Siberia gas pipeline for December 2, a source familiar with the company's plans told TASS.

Gazprom CEO Alexei Miller said earlier that the construction is ahead of schedule and gas deliveries to China via the northern...

Gazprom and China have set the date for the official launch of the Power of Siberia gas pipeline for December 2, a source familiar with the company's plans told TASS.

Gazprom CEO Alexei Miller said earlier that the construction is ahead of schedule and gas deliveries to China via the northern...

11.11.2019

Russia, China push global gold purchases to new highs

Global bullion holdings continued to rise in the third quarter of this year, with net purchases up 12 percent compared to last year, according to World Gold Council (WGC) data.

Central bank purchases of the precious metal totaled 547.5 tons, with more than 156 tons bought in three months from July...

Global bullion holdings continued to rise in the third quarter of this year, with net purchases up 12 percent compared to last year, according to World Gold Council (WGC) data.

Central bank purchases of the precious metal totaled 547.5 tons, with more than 156 tons bought in three months from July...

11.11.2019

China, Kazakhstan to expand cooperation in multiple area

Chinese Vice Premier Han Zheng met with Kazakhstan's First Deputy Prime Minister Alikhan Smailov Monday in Beijing, who also co-chaired the 9th meeting of the China-Kazakhstan Cooperation Committee.

Han, also a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee, said the development of bilateral...

Chinese Vice Premier Han Zheng met with Kazakhstan's First Deputy Prime Minister Alikhan Smailov Monday in Beijing, who also co-chaired the 9th meeting of the China-Kazakhstan Cooperation Committee.

Han, also a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee, said the development of bilateral...

11.11.2019

Kazakhstan ready to boost export to China by $1.6 billion

Kazakhstan is ready to increase export of its products to China by $1.6 billion, Minister of Trade and Integration of the country Bakhyt Sultanov said at the meeting with vice mayor of the city of Wuhan in the Hubei Province and vice mayor of Wuhan Xu Honglan, Sputnik Kazakhstan reports.

Sultanov...

Kazakhstan is ready to increase export of its products to China by $1.6 billion, Minister of Trade and Integration of the country Bakhyt Sultanov said at the meeting with vice mayor of the city of Wuhan in the Hubei Province and vice mayor of Wuhan Xu Honglan, Sputnik Kazakhstan reports.

Sultanov...

11.11.2019

Turkmenistan exports 1,800 tons of potassium to China

Turkmenistan shipped locally produced potassium to the port of Qingdao for the first time, Business Turkmenistan reports.

Turkmenistan exported 1,800 tons of potassium based on a bilateral agreement.

Transport and Logistics Center of Turkmenistan OJSC sent a cargo consisting of 45 containers loaded with 40 tons of potassium each from the Kelif...

Turkmenistan shipped locally produced potassium to the port of Qingdao for the first time, Business Turkmenistan reports.

Turkmenistan exported 1,800 tons of potassium based on a bilateral agreement.

Transport and Logistics Center of Turkmenistan OJSC sent a cargo consisting of 45 containers loaded with 40 tons of potassium each from the Kelif...

11.11.2019

Chinese ZTE, Huawei to launch electronic monitoring system at schools of Uzbekistan

The Ministry of Public Education (MPE) of Uzbekistan plans to implement E-education projects at schools with participation of Chinese companies ZTE and Huawei.

During the visit of the Chinese delegation headed by the Chinese State Council Premier Li Keqiang, the MPE signed agreements with Chinese companies on implementation of the projects...

The Ministry of Public Education (MPE) of Uzbekistan plans to implement E-education projects at schools with participation of Chinese companies ZTE and Huawei.

During the visit of the Chinese delegation headed by the Chinese State Council Premier Li Keqiang, the MPE signed agreements with Chinese companies on implementation of the projects...

11.11.2019

Uzbekistan to start agro-, horticulture items exports to China

Uzbekistan will start exporting pomegranates to China.

The respective agreement was signed during the official visit of Premier of China’s State Council Li Keqiang to Uzbekistan on November 1-2.

The agreements were also reached on export of fruits by road from Uzbekistan to China after several requirements are met.

When these requirements are...

Uzbekistan will start exporting pomegranates to China.

The respective agreement was signed during the official visit of Premier of China’s State Council Li Keqiang to Uzbekistan on November 1-2.

The agreements were also reached on export of fruits by road from Uzbekistan to China after several requirements are met.

When these requirements are...

11.11.2019

Uzbek-Chinese industrial park to be created in Navoi Free Economic Zone

Closer ties between China and Uzbekistan have substantially boosted scientific cooperation in recent years, says Shavkat Salikhov, director of the Institute of Bio-organic Chemistry at the Academy of Sciences of Uzbekistan, told Xinhua in a recent interview.

Scientists from both countries have been rapidly promoting bilateral cooperation over the past three...

Closer ties between China and Uzbekistan have substantially boosted scientific cooperation in recent years, says Shavkat Salikhov, director of the Institute of Bio-organic Chemistry at the Academy of Sciences of Uzbekistan, told Xinhua in a recent interview.

Scientists from both countries have been rapidly promoting bilateral cooperation over the past three...

Europe

11.11.2019

EU, China reach trade agreement on high quality food products

The European Union and China have reached an agreement to increase protection of trade in high-end agri-food products by several large orders, the European Commission announced Wednesday.

Known as Geographic Indications (GI), the products within the agreement come under special protections from imitations and usurpation in order to preserve reputational links....

The European Union and China have reached an agreement to increase protection of trade in high-end agri-food products by several large orders, the European Commission announced Wednesday.

Known as Geographic Indications (GI), the products within the agreement come under special protections from imitations and usurpation in order to preserve reputational links....

11.11.2019

China's issuance of euro-denominated sovereign bonds helps boost Sino-European financial cooperation

A ceremony was held here on Wednesday to mark the successful issuance by China of 4 billion euro-denominated sovereign bonds in Paris, the first such issuance in 15 years.

China's Vice Minister of Finance Zou Jiayi said at the ceremony that the issuance shows the great importance China attaches to and...

A ceremony was held here on Wednesday to mark the successful issuance by China of 4 billion euro-denominated sovereign bonds in Paris, the first such issuance in 15 years.

China's Vice Minister of Finance Zou Jiayi said at the ceremony that the issuance shows the great importance China attaches to and...

11.11.2019

China’s Huawei takes its business to Europe

Chinese telecom giant Huawei has revealed plans to spend tens of billions of dollars on technology supplies in Europe over the next five years after being blacklisted in the US.

In an interview with AFP, Huawei explained that the decision was a direct result of Washington banning American companies from selling...

Chinese telecom giant Huawei has revealed plans to spend tens of billions of dollars on technology supplies in Europe over the next five years after being blacklisted in the US.

In an interview with AFP, Huawei explained that the decision was a direct result of Washington banning American companies from selling...

11.11.2019

China and France sign deals worth $15 billion

China and France signed contracts totaling $15 billion during a visit by President Emmanuel Macron, a Chinese government official told a news briefing on Wednesday.

Deals were struck in the fields of aeronautics, energy and agriculture, including approval for 20 French companies to export poultry, beef and pork to China.

They also...

China and France signed contracts totaling $15 billion during a visit by President Emmanuel Macron, a Chinese government official told a news briefing on Wednesday.

Deals were struck in the fields of aeronautics, energy and agriculture, including approval for 20 French companies to export poultry, beef and pork to China.

They also...

11.11.2019

China-Greece ties paradigm for win-win cooperation between countries

China-Greece relations could serve as a paradigm for peaceful co-existence and win-win cooperation between countries of different sizes, systems or cultures, Chinese Ambassador to Greece Zhang Qiyue has said.

On the relations between China and Greece, Zhang said that mutual respect, trust, understanding and support have contributed to the steady and...

China-Greece relations could serve as a paradigm for peaceful co-existence and win-win cooperation between countries of different sizes, systems or cultures, Chinese Ambassador to Greece Zhang Qiyue has said.

On the relations between China and Greece, Zhang said that mutual respect, trust, understanding and support have contributed to the steady and...

China, Pacific

11.11.2019

China’s foreign trade maintains growth on all fronts

China's foreign trade registered stable growth in the first 10 months of 2019 by expanding 2.4 percent year on year, the General Administration of Customs (GAC) said Friday.

During the period, the total foreign trade volume reached 25.63 trillion Yuan (about 3.67 trillion U.S. Dollars). 

China's foreign trade registered stable growth in the first 10 months of 2019 by expanding 2.4 percent year on year, the General Administration of Customs (GAC) said Friday.

During the period, the total foreign trade volume reached 25.63 trillion Yuan (about 3.67 trillion U.S. Dollars). Exports climbed 4.9 percent while imports dropped 0.4 percent, GAC data showed.

China saw...

11.11.2019

China wants to set up $10 trillion Earth-Moon economic zone

As the Earth is apparently too small for China’s economic ambitions, the country is considering developing commerce beyond our planet and wants to create an economic zone in cislunar space by 2050.

The new zone will cover areas of space near Earth, the Moon, and in between, Bao Weimin, the head...

As the Earth is apparently too small for China’s economic ambitions, the country is considering developing commerce beyond our planet and wants to create an economic zone in cislunar space by 2050.

The new zone will cover areas of space near Earth, the Moon, and in between, Bao Weimin, the head...

11.11.2019

Beijing kick-starts development of 6G technology

Beijing has announced plans to develop 6G technology in the hope of cementing its supremacy in wireless connection amid a US-led crusade against Chinese companies over 5G networks.

China’s Science and Technology Ministry has set up two teams to develop a 6G network. The first group links several government agencies, while...

Beijing has announced plans to develop 6G technology in the hope of cementing its supremacy in wireless connection amid a US-led crusade against Chinese companies over 5G networks.

China’s Science and Technology Ministry has set up two teams to develop a 6G network. The first group links several government agencies, while...

11.11.2019

China posts record-high crude oil imports

Refinery start-ups and stabilizing refining margins drove China’s crude oil imports to a record high in October, Chinese customs data showed on Friday.

The world’s top oil importer increased its crude intake in October by 11.5 percent compared to the same month last year, to an average of 10.72 million...

Refinery start-ups and stabilizing refining margins drove China’s crude oil imports to a record high in October, Chinese customs data showed on Friday.

The world’s top oil importer increased its crude intake in October by 11.5 percent compared to the same month last year, to an average of 10.72 million barrels per day...

11.11.2019

MSCI quadruples weighing of China A-shares in its global benchmarks

Global index provider MSCI has quadrupled the weighing of Chinese mainland shares in its global benchmarks, increasing the inclusion factor of Chinese large-cap stocks to 20 percent now from 5 percent at the beginning of the year. 

The MSCI move, coupled with the Chinese regulator's removal of quota caps via the...

Global index provider MSCI has quadrupled the weighing of Chinese mainland shares in its global benchmarks, increasing the inclusion factor of Chinese large-cap stocks to 20 percent now from 5 percent at the beginning of the year. 

The MSCI move, coupled with the Chinese regulator's removal of quota caps via the...

11.11.2019

Chinese stocks, currency ride high on upbeat mood regarding US trade war end

China stocks ended higher on Monday, helped by increasing optimism about the prospects for a Sino-U.S. trade deal.

The blue-chip CSI300 index rose 0.7% to 3,978.12, while the Shanghai Composite Index added 0.6% to 2,975.49.

The United States and China on Friday said they made progress in talks aimed at defusing a...

China stocks ended higher on Monday, helped by increasing optimism about the prospects for a Sino-U.S. trade deal.

The blue-chip CSI300 index rose 0.7% to 3,978.12, while the Shanghai Composite Index added 0.6% to 2,975.49.

The United States and China on Friday said they made progress in talks aimed at defusing a...

11.11.2019

Chinese stocks held by overseas investors hit 1.77tr yuan

Chinese stocks held by overseas institutions and individuals reached 1.77 trillion yuan (about 250 billion U.S. dollars) by the end of September, data from China's central bank showed.

Overseas investors put a total of 2.18 trillion yuan into China's bond market as of the end of the third quarter, the People's...

Chinese stocks held by overseas institutions and individuals reached 1.77 trillion yuan (about 250 billion U.S. dollars) by the end of September, data from China's central bank showed.

Overseas investors put a total of 2.18 trillion yuan into China's bond market as of the end of the third quarter, the People's...

11.11.2019

China’s central SOEs maintain high-quality development

China's centrally administered state-owned enterprises (SOEs) have maintained a steady pace in pushing upgrades and reforms as the economy shifts toward high-quality growth.

Centrally administered SOEs registered upgrades in quality and efficiency with their profit growth outpacing revenue increases in 2017 and 2018, said a report released by the research center...

China's centrally administered state-owned enterprises (SOEs) have maintained a steady pace in pushing upgrades and reforms as the economy shifts toward high-quality growth.

Centrally administered SOEs registered upgrades in quality and efficiency with their profit growth outpacing revenue increases in 2017 and 2018, said a report released by the research center...

11.11.2019

China's CPI expected to edge up in October

China's consumer price index (CPI), a main gauge of inflation, was forecasted a faster growth in October, according to a recent research report.

The CPI was expected to rise 3.2 percent year on year in October, 0.2 percent higher than the figure recorded in September, a report from the Bank of...

China's consumer price index (CPI), a main gauge of inflation, was forecasted a faster growth in October, according to a recent research report.

The CPI was expected to rise 3.2 percent year on year in October, 0.2 percent higher than the figure recorded in September, a report from the Bank of...

11.11.2019

Mistrust in Trump&Co presses Chinese stocks down

China shares reversed gains to end lower on Friday as a Reuters report suggesting White House officials opposed rolling back tariffs on Beijing raised uncertainty around the first phase of a trade deal.

The Shanghai Composite index closed down 0.5% at 2,964.18, the lowest close since November 1. The index inched...

China shares reversed gains to end lower on Friday as a Reuters report suggesting White House officials opposed rolling back tariffs on Beijing raised uncertainty around the first phase of a trade deal.

The Shanghai Composite index closed down 0.5% at 2,964.18, the lowest close since November 1. The index inched...

11.11.2019

China announces 20 policies to upgrade business environment for foreign investors

China has rolled out 20 measures friendly to foreign investors, including further removing business restrictions and leveling the playing field for foreign businesses, to safeguard a more "fair, transparent and predictable" business environment for foreign enterprises.

The State Council, China's Cabinet, released a guideline on further improving the utilization of foreign...

China has rolled out 20 measures friendly to foreign investors, including further removing business restrictions and leveling the playing field for foreign businesses, to safeguard a more "fair, transparent and predictable" business environment for foreign enterprises.

The State Council, China's Cabinet, released a guideline on further improving the utilization of foreign...

11.11.2019

China maintains balance in cross-border trade, investment

China maintained a balance in cross-border trade and investment in the first three quarters, indicated by a $143.2 billion surplus in the current account and $27.7 billion net inflows of foreign direct investment, the State Administration of Foreign Exchange reported on Friday.

The current account surplus was mainly due to the...

China maintained a balance in cross-border trade and investment in the first three quarters, indicated by a $143.2 billion surplus in the current account and $27.7 billion net inflows of foreign direct investment, the State Administration of Foreign Exchange reported on Friday.

The current account surplus was mainly due to the...

11.11.2019

China’s logistics activities pick up in October

China's logistics activities picked up their pace in October, according to industry data.

The logistics performance index for October came in at 54.2 percent, 0.4 percentage points higher than that in September, according to the China Federation of Logistics and Purchasing.

A reading above 50 percent indicates expansion while a reading below...

China's logistics activities picked up their pace in October, according to industry data.

The logistics performance index for October came in at 54.2 percent, 0.4 percentage points higher than that in September, according to the China Federation of Logistics and Purchasing.

A reading above 50 percent indicates expansion while a reading below...

South Asia, Middle East

11.11.2019

China-funded road in Mongolia opens to traffic

A road rehabilitated with the Chinese government's soft loan in Mongolia opened to traffic on Monday.

The two-way four-lane Nalaikh road has a total length of 20.9 km, according to the Mongolian Ministry of Road and Transport Development.

Mongolian Prime Minister Ukhnaa Khurelsukh attended the opening ceremony, together with the country's Transport...

A road rehabilitated with the Chinese government's soft loan in Mongolia opened to traffic on Monday.

The two-way four-lane Nalaikh road has a total length of 20.9 km, according to the Mongolian Ministry of Road and Transport Development.

Mongolian Prime Minister Ukhnaa Khurelsukh attended the opening ceremony, together with the country's Transport...

11.11.2019

China-Laos railway tunnel construction making breakthroughs

The China-Laos railway tunnels' construction has been continuing to make lots of breakthroughs as one more major tunnel was drilled through on Friday in the tropical mountains of northern Laos.

A Chinese railway engineering company, namely China Railway No. 8 Engineering Group (CREC-8), on Friday bored Ban Ka No. 1 Tunnel...

The China-Laos railway tunnels' construction has been continuing to make lots of breakthroughs as one more major tunnel was drilled through on Friday in the tropical mountains of northern Laos.

A Chinese railway engineering company, namely China Railway No. 8 Engineering Group (CREC-8), on Friday bored Ban Ka No. 1 Tunnel...

11.11.2019

China boosts presence in Pakistan following frontier security commitments

China and Pakistan have signed a slew of projects under the multi-billion China-Pakistan Economic Corridor (CPEC), including the Gwadar Master Plan. Pakistan has sought $9 billion from China to finance the Main Railway Line (ML-1) and other infrastructure projects in the project’s Phase 2.

While announcing that the 9th Joint Cooperation...

China and Pakistan have signed a slew of projects under the multi-billion China-Pakistan Economic Corridor (CPEC), including the Gwadar Master Plan. Pakistan has sought $9 billion from China to finance the Main Railway Line (ML-1) and other infrastructure projects in the project’s Phase 2.

While announcing that the 9th Joint Cooperation...

11.11.2019

Iraq eyes key role in developing China’s clout in Mid-East

Iraq today is seen by China as being central to the success of its global development strategy, known as the Belt and Road Initiative (BRI), in the Middle East. Beijing’s economic expansion in the region, however, may force Baghdad to look for a new balance in its relations with China...

Iraq today is seen by China as being central to the success of its global development strategy, known as the Belt and Road Initiative (BRI), in the Middle East. Beijing’s economic expansion in the region, however, may force Baghdad to look for a new balance in its relations with China...

11.11.2019

Frequent mutual visits boost Egypt-China ties

The exchange of visits between Egyptian and Chinese officials over the past few years has greatly boosted the fast-growing bilateral relations.

China's Ministry of Foreign Affairs announced on Thursday that the country's top political adviser Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party...

The exchange of visits between Egyptian and Chinese officials over the past few years has greatly boosted the fast-growing bilateral relations.

China's Ministry of Foreign Affairs announced on Thursday that the country's top political adviser Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party...

11.11.2019

Turkey to benefit more from BRI as China-Europe freight trains run through Bosphorus tunnel

A mammoth Chinese cargo train has arrived in Turkey, en route to Europe, becoming the first freight train to pass uninterrupted under the Bosphorus Strait, using the Marmaray tunnel as part of the China-proposed Belt and Road Initiative (BRI).

Experts hail that a critical phase of the BRI, a huge infrastructure...

A mammoth Chinese cargo train has arrived in Turkey, en route to Europe, becoming the first freight train to pass uninterrupted under the Bosphorus Strait, using the Marmaray tunnel as part of the China-proposed Belt and Road Initiative (BRI).

Experts hail that a critical phase of the BRI, a huge infrastructure...

Africa, Americas

11.11.2019

Stronger cooperation with China to bring more high-quality jobs to Mozambique

Deepened practical cooperation between China and Mozambique will bring more high-quality job opportunities to the southeast African country, said Chinese ambassador Su Jian on Friday.

He made the remarks at a ceremony to present the yearly Ambassador Scholarship to 12 Mozambican students.

"As Mozambique has reached consensus with China on deepening practical...

Deepened practical cooperation between China and Mozambique will bring more high-quality job opportunities to the southeast African country, said Chinese ambassador Su Jian on Friday.

He made the remarks at a ceremony to present the yearly Ambassador Scholarship to 12 Mozambican students.

"As Mozambique has reached consensus with China on deepening practical...

11.11.2019

China, Namibia to enhance cooperation using FOCAC, BRI platforms

Namibia and China agree to boost cooperation through the Forum on China-Africa Cooperation (FOCAC) and the Belt and Road Initiative (BRI) to promote the development of their comprehensive strategic and cooperative partnership, visiting Chinese Vice Premier Sun Chunlan said here on Thursday.

Sun made the remark when meeting with Namibian Deputy...

Namibia and China agree to boost cooperation through the Forum on China-Africa Cooperation (FOCAC) and the Belt and Road Initiative (BRI) to promote the development of their comprehensive strategic and cooperative partnership, visiting Chinese Vice Premier Sun Chunlan said here on Thursday.

Sun made the remark when meeting with Namibian Deputy...

11.11.2019

China, Jamaica pledge to enhance cooperation

Chinese Premier Li Keqiang held talks Friday with Jamaican Prime Minister Andrew Holness, and the two sides agreed to promote bilateral cooperation. Hailing the development of bilateral ties, Li noted that China-Jamaica practical cooperation has great potential and broad prospects, and expected the two sides to seek synergy between each...

Chinese Premier Li Keqiang held talks Friday with Jamaican Prime Minister Andrew Holness, and the two sides agreed to promote bilateral cooperation. Hailing the development of bilateral ties, Li noted that China-Jamaica practical cooperation has great potential and broad prospects, and expected the two sides to seek synergy between each...

11.11.2019

China admits imports of Canadian beef, pork

Chinese Foreign Ministry’s spokesperson Geng Shuang confirmed at the regular press conference today that China will resume imports of beef and pork from Canada. Recently, the Canadian side has proposed a corrective action plan for the issuance of certificates for their meat products, after the assessment from the Chinese side.

It...

Chinese Foreign Ministry’s spokesperson Geng Shuang confirmed at the regular press conference today that China will resume imports of beef and pork from Canada. Recently, the Canadian side has proposed a corrective action plan for the issuance of certificates for their meat products, after the assessment from the Chinese side.

It...

11.11.2019

China & US agree to roll back tariffs on each other’s goods in phases

China's Commerce Ministry said on Thursday that an agreement has been reached with the United States to proportionally cancel existing tariffs between the two countries in phases.

According to the ministry’s spokesman Gao Feng, the amount of tariff relief that will come in the first phase will depend on the content...

China's Commerce Ministry said on Thursday that an agreement has been reached with the United States to proportionally cancel existing tariffs between the two countries in phases.

According to the ministry’s spokesman Gao Feng, the amount of tariff relief that will come in the first phase will depend on the content...

11.11.2019

US-China trade down $67 billion this year, hurting both economies

Commerce between the world’s two largest economies, the United States and China, has fallen sharply in the first nine months of this year amid the ongoing trade war.

US imports from China plunged $53 billion to around $342 billion. In September, the US imported just over $40 billion of goods, down...

Commerce between the world’s two largest economies, the United States and China, has fallen sharply in the first nine months of this year amid the ongoing trade war.

US imports from China plunged $53 billion to around $342 billion. In September, the US imported just over $40 billion of goods, down...

Markets

11.11.2019

Greenback regains some ground as monetary arm-twisting eases

The dollar on Monday was broadly higher against safe-haven currencies such as the yen and Swiss franc, bolstered by higher risk appetite due to U.S.-China trade hopes and Friday's generally upbeat U.S. non-farm payrolls report for October.

"Market trends are being influenced by a better risk mood overall," said Shaun Osborne,...

The dollar on Monday was broadly higher against safe-haven currencies such as the yen and Swiss franc, bolstered by higher risk appetite due to U.S.-China trade hopes and Friday's generally upbeat U.S. non-farm payrolls report for October.

"Market trends are being influenced by a better risk mood overall," said Shaun Osborne,...

11.11.2019

Brent edges up, China cliché invoked

Brent crude futures for January rose 80 cents to $62.49 a barrel by 1203 GMT, erasing earlier losses and reaching peaks last seen on Sept. 27. December U.S. crude futures also swung back into positive territory, up 64 cents at $56.84 a barrel.

Chinese President Xi Jinping and U.S. President Donald...

Brent crude futures for January rose 80 cents to $62.49 a barrel by 1203 GMT, erasing earlier losses and reaching peaks last seen on Sept. 27. December U.S. crude futures also swung back into positive territory, up 64 cents at $56.84 a barrel.

Chinese President Xi Jinping and U.S. President Donald...

11.11.2019

Winter weather entry pushes North Sea region’s natural gas prices up

British wholesale gas prices rose on Monday morning as demand for heating and from gas-to-power plants increased.

Gas for immediate delivery rose by 1.00 pence to 29.50 pence per therm by 0900 GMT.

Gas for day-ahead delivery was 2.00 pence higher at 30.50 p/therm.

Consumption is higher than Friday due to colder weather...

British wholesale gas prices rose on Monday morning as demand for heating and from gas-to-power plants increased.

Gas for immediate delivery rose by 1.00 pence to 29.50 pence per therm by 0900 GMT.

Gas for day-ahead delivery was 2.00 pence higher at 30.50 p/therm.

Consumption is higher than Friday due to colder weather...

11.11.2019

Bulls turn to higher-flying assets, leaving bullion edging down, platinum, palladium untouched

Gold inched lower on Monday on increasing risk appetite amongst investors, driven by optimism on U.S.-China trade talks and fading fears of a global economic slowdown.

Spot gold fell 0.1% to $1,511.44 per ounce at 1220 GMT. U.S. gold futures edged 0.2% higher at $1,513.70.

“Gold has been caught in a range...

Gold inched lower on Monday on increasing risk appetite amongst investors, driven by optimism on U.S.-China trade talks and fading fears of a global economic slowdown.

Spot gold fell 0.1% to $1,511.44 per ounce at 1220 GMT. U.S. gold futures edged 0.2% higher at $1,513.70.

“Gold has been caught in a range...

11.11.2019

Benchmark non-ferrous base metals mixed as China syndrome hangs in the air

Copper prices extended gains on Monday, boosted by hopes of a resolution to the protracted trade conflict between the United States and China.

The world’s two largest economies said they had made progress in negotiations to end the damaging dispute, while upbeat manufacturing data from top metals consumer China added to...

Copper prices extended gains on Monday, boosted by hopes of a resolution to the protracted trade conflict between the United States and China.

The world’s two largest economies said they had made progress in negotiations to end the damaging dispute, while upbeat manufacturing data from top metals consumer China added to...

11.11.2019

Grain markets in quiet waters as weather conditions put cap on speculations

Chicago corn futures eased for a second session on Monday after leading analysts raised their forecasts for U.S. harvest yields, countering support from adverse harvest weather.

Chicago wheat also edged lower, curbed by technical resistance after a rally on Friday and news of weekend rain relief in drought-hit eastern Australia. Soybeans...

Chicago corn futures eased for a second session on Monday after leading analysts raised their forecasts for U.S. harvest yields, countering support from adverse harvest weather.

Chicago wheat also edged lower, curbed by technical resistance after a rally on Friday and news of weekend rain relief in drought-hit eastern Australia. Soybeans...

11.11.2019

Greenback gathers steam amidst political confusion

The dollar rose to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies took a step back amid renewed uncertainty about the rollback of existing tariffs, a major component of a preliminary U.S.-China trade deal.

The yen, another safe haven, rose as well. U.S. President...

The dollar rose to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies took a step back amid renewed uncertainty about the rollback of existing tariffs, a major component of a preliminary U.S.-China trade deal.

The yen, another safe haven, rose as well. U.S. President...

11.11.2019

Brent gains clout, Washington’s contradictions pointed at

Oil prices edged higher on Friday, after falling more than 1% following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China. Brent crude futures rose 22 cents to settle at $62.51 a barrel. West Texas Intermediate (WTI) crude rose 9 cents to...

Oil prices edged higher on Friday, after falling more than 1% following comments from U.S. President Donald Trump that he has not agreed to roll back tariffs on China. Brent crude futures rose 22 cents to settle at $62.51 a barrel. West Texas Intermediate (WTI) crude rose 9 cents to...

11.11.2019

North Sea region’s natural gas benchmarks rise as Norway keeps hand on tap

Britain’s prompt gas prices rose on Friday as cold temperatures increased demand for gas-fired power, offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

Gas for within-day delivery was 2.95 pence higher at 38.00 pence/therm by 0850 GMT.

Day-ahead gas rose by 1.95 pence to 38.55 pence/therm.

Gas for weekend...

Britain’s prompt gas prices rose on Friday as cold temperatures increased demand for gas-fired power, offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

Gas for within-day delivery was 2.95 pence higher at 38.00 pence/therm by 0850 GMT.

Day-ahead gas rose by 1.95 pence to 38.55 pence/therm.

Gas for weekend...

11.11.2019

Precious metals lose ground, observers lack market-oriented arguments

Gold prices fell on Friday and were on track for their biggest weekly decline in almost 3 years as a stronger dollar weighed, while optimism around U.S.-China trade talks dented bullion’s safe-haven appeal.

Spot gold was down 0.6% at $1,458.52 per ounce at 1309 GMT, poised for its biggest weekly drop...

Gold prices fell on Friday and were on track for their biggest weekly decline in almost 3 years as a stronger dollar weighed, while optimism around U.S.-China trade talks dented bullion’s safe-haven appeal.

Spot gold was down 0.6% at $1,458.52 per ounce at 1309 GMT, poised for its biggest weekly drop...

11.11.2019

Expensive US dollar, stagnant sales pull base metal prices down

Aluminium prices slipped from a near two-month peak on Friday  as analysts warned that producers were on the sidelines ready to hedge.

The price of aluminium had rallied 6% over the past two weeks, largely fuelled by bearish investors buying back their short positions.

But the global market is expected to flip...

Aluminium prices slipped from a near two-month peak on Friday  as analysts warned that producers were on the sidelines ready to hedge.

The price of aluminium had rallied 6% over the past two weeks, largely fuelled by bearish investors buying back their short positions.

But the global market is expected to flip...

11.11.2019

US wheat benchmark futures fail to strengthen for lack of market signals

U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand.

Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor...

U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand.

Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor...