Venezuela's crude oil exports

    US oil refiners win, Chinese rivals lose in Trump’s Venezuela strike

    LONDON, Jan 4 (Reuters) – The U.S. military’s ouster of Venezuelan President Nicolás Maduro is set to swiftly reroute the country’s oil exports back toward the United States – and away from China. That will give U.S. refiners an immediate boost, but President Donald Trump’s plans to revive production in the Latin American country may…

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    Brenda Goh

      South Korea’s Lee begins China state visit after North fires missiles

      SHANGHAI, Jan 4 (Reuters) – South Korean President Lee Jae Myung began a state visit to China on Sunday, hoping to promote peace on the Korean Peninsula hours after rival North Korea launched ballistic missiles. The visit, Lee’s first to China since taking office in June, comes amid heightened global tensions after Pyongyang’s aggressive display,…

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        Taiwan vows to defend sovereignty after China’s military drill

        Taiwan president determined to boost defend sovereignty Proposal to boost military spending stuck in parliament Lai says 2026 a crucial year for Taiwan China’s Xi says ‘reunification’ cannot be stopped TAIPEI, Jan 1 (Reuters) – Taiwan President Lai Ching-te said on Thursday the island is determined to defend its sovereignty and boost its defence in…

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        Map showing five zones around Taiwan marked by China for December 30 military drills, and past drill areas.

          Taiwan stays on high alert as Chinese ships pull back after massive drills

          China’s drills involved rockets, warships, and aircraft near Taiwan Taiwan condemned drills as threat to regional security China’s exercises follow US arms package announcement for Taiwan Ambassadors from Quad nations meet in Beijing on Tuesday TAIPEI/BEIJING, Dec 31 (Reuters) – Taiwan remained on high alert on Wednesday after China staged massive military drills around the…

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          Map showing five zones around Taiwan marked by China for December 30 military drills, and past drill areas.

            China fires rockets towards Taiwan in war games simulating blockade

            China carrying out 10 hours of live-firing drills around Taiwan Chinese military rehearsing blockade of island’s north and south Taiwan watching if China fires missile over island, source says Taiwan says China is simulating strikes on U.S.-made weapons system TAIPEI/BEIJING, Dec 30 (Reuters) – China fired rockets toward Taiwan on Tuesday and deployed new amphibious…

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            Ryan Woo

              China’s industrial profits tumble at fastest pace in over a year

              Industrial profits fell 13.1% in November, biggest drop in 14 months Automotive and high-tech sectors show profit growth Weak domestic demand offsets strong exports; no new stimulus introduced BEIJING, Dec 27 (Reuters) – Profits at China’s industrial firms in November fell at their fastest pace in over a year, as weak domestic demand offset resilience…

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              Akash Sriram

                US delays announcement of China chip tariffs until 2027

                USTR says will impose new tariffs on Chinese chips in June 2027 Biden launched ‘Section 301’ probe into Chinese legacy chips a year ago Trump administration delay of chips tariffs aims to preserve China trade truce Dec 23 (Reuters) – President Donald Trump’s administration on Tuesday said it will slap tariffs on Chinese semiconductor imports…

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