China is further opening up several major state-dominated industries to private capital by raising the ownership limit and removing some investment barriers. China’s cabinet — the State Council — has unveiled a package of 13 measures to promote private investment, in an effort to revive a sector that’s struggled against the backdrop of sluggish demand…
Simmering tensions with China look poised to deliver another blow to European industry. In the latest flashpoint, the Dutch government’s move to sideline chipmaker Nexperia’s Chinese owners has triggered a response from Beijing that threatens to restrict key supplies for carmakers. As China cut Nexperia’s Chinese factory off from the Dutch parent, the company has…
US sanctions on a key Chinese oil import terminal are redirecting crude flows and threatening run cuts at several state-owned refineries. Last week’s blacklisting of the Rizhao Shihua Crude Oil Terminal, which handles about 9% of China’s crude imports, could force run cuts of up to 250,000 barrels a day at a handful of refineries…
Texas Senator Ted Cruz pledged deeper American investment in Africa’s energy industry, casting the US as a strategic alternative to China. Praising the African Energy Chamber advocacy group’s role in driving oil, gas and renewable projects, the chairman of the Senate foreign relations subcommittee on Africa urged closer collaboration between policymakers fro the continent and…
Welcome to our guide to the commodities markets powering the global economy. Today, senior reporter Dan Murtaugh writes on the energy triangle between China, India and Russia as their leaders meet in Tianjin. The Shanghai Cooperation Organization’s get-together could hardly have come at a better moment for China’s leader. At a time when the US…
Welcome to our guide to the commodities markets powering the global economy. Today, China-based energy reporter Dan Murtaugh asks what the rest of the world can learn from the nation’s success in deploying offshore wind turbines. It was only a few years ago that the offshore wind industry conjured a future with a near-limitless supply…
Welcome to our guide to the commodities markets moving the global economy. Today, reporter Dan Murtaugh takes a look at Washington and Beijing’s strategies to fuel the artificial-intelligence boom. The US and China have starkly divergent visions of the future of energy, and they’re bringing them to play in the race to power artificial intelligence….
US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent will lead the delegations through Tuesday in Stockholm — their third meeting in less than three months. The…
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for gasoline and diesel. In the post-pandemic period, as flights returned to the skies, jet fuel was a boon for domestic refiners struggling with a sputtering economic recovery,…
Good morning. Stock futures waver as Donald Trump hints at diplomacy with Iran. SoftBank’s founder eyes a $1 trillion AI hub in Arizona—and wants TSMC to chip in. And Lima now boasts the world’s top restaurant. Listen to the day’s top stories. Investors settled into wait-and-see mode on signs Donald Trump may give diplomacy a…