Sunday 21 December 2014
 
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China

China ends near decade of rising Iraq crude oil orders

Chinese oil firms will keep the amount of crude they buy from Iraq unchanged in 2015 for the first time in almost a decade, as the need for imports falls and concerns over the quality of the oil persist, five sou

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China, India to become biggest trading partners for GCC

Developing countries in Asia—particularly China and India—are rapidly becoming the biggest trading partners with Gulf Co-operation Council (GCC) countries ahead of other regions, according to a new report released by the Economist In

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China industrial activity shrinks in December

Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing.

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Kufpec inks China exploration contracts

Kuwait Foreign Petroleum Exploration Company (Kufpec) said its Chinese subsidiary has signed three production sharing contracts (PSCs) covering exploration blocks located in the South China Sea adjacent to the Yacheng pipeline.  

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WTO talks on duty-free IT goods collapse

Talks on cutting trade tariffs on hundreds of information technology products collapsed on Friday, delaying and potentially scuppering a deal estimated to be worth $1 trillion to global trade. "We are disappointed not to be c

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US miner Freeport inks deal with Chinese smelters

US miner Freeport-McMoRan Copper & Gold has agreed to pay 16.3 per cent more in annual processing charges to large Chinese copper smelters in 2015, with the 10-year high fee likely to set the benchmark for China. The increase

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China's Hebei in key steel sector upgradation

Northern China's Hebei province, the country's dominant steel producing region, is set to move 16 million tonnes of output capacity to the coast in a step aimed at "upgrading" the sector. According to a document

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China's Hainan in talks to buy Thai rubber

China's Hainan Rubber Industry Group is in talks with the Thai government about buying a further 200,000 tonnes of rubber, a source with knowledge of the matter said on Tuesday, but no deal has been done yet. Thailand's de

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Heinz opens infant cereal plant in China

H J Heinz Company has opened its largest infant cereal production factory in Foshan City, Guangdong Province, China. The opening of the 80,000-sq-m factory coincides with the 30th anniversary of Heinz’s presence in China, wh

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Heinz opens infant cereal plant in China

H J Heinz Company has opened its largest infant cereal production factory in Foshan City, Guangdong Province, China. The opening of the 80,000-sq-m factory coincides with the 30th anniversary of Heinz’s presence in China, wh

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