Business News Beijing

  • *Brazil stocks down after four sessions of record highs. *Brazil central bank cut largely expected on Wednesday. A Wall Street Journal report said that U.S. and Chinese trade negotiators were discussing a delay on a round of tariffs set to kick in on Dec. 15.

  • *Gazprom Neft's CEO predicts oil prices at $55- $65 in Q1 2020. LONDON/ SINGAPORE, Dec 10- Oil prices slipped for a second straight day on Tuesday as a slowing global demand outlook outweighed OPEC's deal with associated producers last week to deepen output cuts in 2020.. Brent crude was down 11 cents, or 0.2%, at $64.14 per barrel by 1445 GMT, and West Texas Intermediate...

  • *GRAPHIC: China's economy and trade: http://tmsnrt.rs/2iO9Q6a. LAUNCESTON, Australia, Dec 10- The growth rate of China's imports of major commodities has accelerated in recent months, indicating Beijing's stimulus efforts may be bearing fruit and that the impact of its trade dispute with the United States may not be as bad as feared. On the surface, China's...

  • SHANGHAI, Dec 10- Hong Kong shares finished lower on Tuesday as investors waited to see if the United States would slap fresh tariffs on Chinese goods this weekend, a move that was likely to complicate efforts to defuse the protracted trade war. **A Chinese official said on Monday that Beijing hopes to make a trade deal with Washington as soon as possible before new...

  • BEIJING/ HONG KONG, Dec 10- Shares in Postal Savings Bank of China made a subdued Shanghai debut on Tuesday after a $4 billion share sale, underlining growing investor concerns about the health of the banking sector in a slowing economy. The benchmark Shanghai index closed up 0.1%. Zheshang Bank Co Ltd, for example, rose less than 1% on its debut in Shanghai on Nov. 27...

  • SHANGHAI, Dec 10- China stocks were nearly flat on Tuesday and trading was thin, as investors waited to see if the United States would slap fresh tariffs on Chinese goods on Dec. 15, a move that was likely to complicate efforts to defuse the prolonged trade war. **Investors remain circumspect after data showed China's producer prices fell for the fifth consecutive...

  • *Rising non- OPEC output undermine efforts to limit supplies. "The euphoria was short lived, with an unexpected fall in exports from China highlighting the impact of the trade conflict," said ANZ Bank in a note on Tuesday. That weakness came amid fresh fronts in the trade war between Washington and Beijing that has stymied global economic growth coming up fast:...

  • TOKYO, Dec 10- Japanese shares edged lower on Tuesday as the deadline neared for a fresh round of U.S. tariffs on Chinese imports, against the backdrop of positive comments from Washington and Beijing on progress in the trade talks. In the run-up to new tariffs on $156 billion worth of Chinese imports on Dec. 15, both China and the United States have made...

  • SHANGHAI, Dec 10- China and Hong Kong stocks dipped on Tuesday, as investors waited to see if the United States would slap fresh tariffs on Chinese goods on Dec. 15, a move that was likely to complicate efforts to defuse the protracted trade war. **Sentiment also suffered as data showed China's producer prices fell for the fifth consecutive month in November, while...

  • *Rising non- OPEC output undermine efforts to limit supplies. "The euphoria was short lived, with an unexpected fall in exports from China highlighting the impact of the trade conflict," said ANZ Bank in a note on Tuesday. That weakness came amid fresh fronts in the trade war between Washington and Beijing that has stymied global economic growth coming up fast:...

  • *Rising non- OPEC output undermine efforts to limit supplies. "The euphoria was short lived, with an unexpected fall in exports from China highlighting the impact of the trade conflict," said ANZ Bank in a note on Tuesday. That weakness came amid fresh fronts in the trade war between Washington and Beijing that has stymied global economic growth coming up fast:...

  • BEIJING, Dec 10- China's consumer inflation climbed to nearly eight-year peaks in November as pork prices doubled, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist. Beijing is under pressure to unleash more stimulus to boost industrial activity, but high...

  • However, in case the U.S. and China can't reach any resolution and tariffs kick in, traders will move back to the safe-haven gold, "said Margaret Yang Yan, a market analyst at CMC Markets. Both the United States and China have adopted a reconciliatory tone, with China saying it hoped to make a deal as soon as possible. President Donald Trump has said he was working with...

  • *China says it wants to make a trade deal as soon as possible. *U.S. official says Trump wants' movement' from China to avoid tariffs. Agriculture Secretary Sonny Perdue on Monday that while President Donald Trump did not want to implement tariffs, he did want to see "movement" from China.

  • TOKYO, Dec 10- Japanese shares edged lower on Tuesday on lingering doubts about a fresh round of U.S. tariffs on Chinese imports against the backdrop of positive commentary from Washington and Beijing on progress in trade talks. In the run-up to new tariffs on $156 billion worth of Chinese imports on Dec. 15, both China and the United States have made...

  • *GRAPHIC: China's economy and trade: http://tmsnrt.rs/2iO9Q6a. LAUNCESTON, Australia, Dec 10- The growth rate of China's imports of major commodities has accelerated in recent months, indicating Beijing's stimulus efforts may be bearing fruit and that the impact of its trade dispute with the United States may not be as bad as feared. On the surface, China's...

  • BEIJING, Dec 10- China's producer prices fell in annual terms for the fifth consecutive month in November while consumer prices spiked as food costs climbed, data showed on Tuesday, complicating policymakers' efforts to boost demand as economic growth slows. Sluggish manufacturing activity from U.S. trade pressures and weakening demand at home have put...

  • SYDNEY, Dec 10- U.S. soybeans edged higher on Tuesday, extending gains for a sixth consecutive session, as Chinese purchases buoyed hopes of a trade deal between Washington and Beijing, pushing prices towards a more than two-week high. *The U.S. soybean sales to China, for shipment in January and February, came after Beijing offered the buyers at least 1 million...

  • Brent futures were down 11 cents, or 0.2%, at $64.14 per barrel by 0204 GMT while West Texas Intermediate oil futures were down 7 cents, or 0.1% to $58.95 a barrel. "The euphoria was short lived, with an unexpected fall in exports from China highlighting the impact of the trade conflict," said ANZ Bank in a note on Tuesday. Agriculture Secretary Sonny Perdue said on...

  • *China said on Monday that it hoped to make a trade deal with the United States as soon as possible, while President Donald Trump said Washington is doing well in hammering out a trade agreement with Beijing, ahead of possible new tariffs on $156 billion worth of Chinese imports. *The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge...