Friday 27 March 2015
 
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China’s luxury market shows shift in ties to GCC

China’s luxury market is undergoing a fundamental shift, brought on by evolving customer dynamics, an influx of new, emerging luxury labels, an economic slow-down and ties to the GCC. According to Bain & Company’s

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China a big buyer of Yemen oil as export risks rise

Oil prices have surged on growing conflict in Yemen, though trade sources said there was ample crude supply in global markets to replace any drop in exports to buyers such as China as long as the conflict did not cause broader disruption.

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Yemen shuts major sea ports

Yemen shut its major seaports on Thursday, industry and local sources said, after neighbouring Saudi Arabia and Arab allies struck the Iran-allied Houthi forces who have been fighting Yemen's Western-backed president. "Al

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China unlikely to increase oil imports this year

China's commercial and strategic oil storage is almost full, a Sinopec trading executive said at an industry forum on Wednesday, leaving little room for the world's No. 2 oil consumer to increase its crude imports this year.

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EU to impose duties on China, Taiwan stainless steel

The European Union will impose punitive anti-dumping duties from Thursday on imports of stainless steel cold-rolled sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. The EU will appl

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Chinese factory activity hits 11-month low

Activity in China's factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing t

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China's Iran crude oil imports down 3.7pc

China's crude imports from Iran fell 3.7 per cent in February from a year ago, in line with expectations for the world's second largest crude importer, customs data showed on Monday. The imports last month from Iran were 2

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Global industrial robot sales up 27pc in 2014

Sales of industrial robots worldwide rose 27 per cent in 2014, driven by demand from the automotive and electronics industries, especially in China and South Korea. The International Federation of Robots said about 225,000 robots

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Oil glut set to grow as China slows crude imports

A global oversupply of oil is set to rise as China pauses in the build-up of its strategic reserves and Asian refineries slow crude imports ahead of the spring maintenance season, putting more downward pressure on prices. China

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Oil glut set to grow as China slows crude imports

A global oversupply of oil is set to rise as China pauses in the build-up of its strategic reserves and Asian refineries slow crude imports ahead of the spring maintenance season, putting more downward pressure on prices. China

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