Category: Business

Shanghai Stocks Retreat from Decade High; HK Extends Losses on Mideast Conflict

Shanghai shares briefly touched a decade high before reversing to trade lower by midday on Tuesday, while Hong Kong stocks extended their decline, as the Middle East war dampened sentiment and fuelled risk aversion across regional markets. ** The U.S.-Israel ...

Shanghai Stocks Close at 10-Year High as Iran Conflict Boosts Energy and Gold Shares; HK Drops

Shanghai stocks closed at a 10-year high on Monday, bucking regional weakness in the wake of the Iran conflict as investors snapped up energy, gold and defense shares. Mainland sentiment was supported by expectations that Beijing may step in to steady markets ahead of a ...

China Stocks Steady as Surges in Energy, Defense Shares Offset Airline Losses; HK Drops

China's equity benchmarks were little changed on Monday in the wake of the Iran conflict as surges in energy, defense and gold stocks offset plunges in airline and tourism shares. Mainland sentiment was supported by expectations that Beijing may step in ...

Asian Oil Buyers Assess Stockpiles, Middle East Alternatives as Iran Conflict Escalates

By Heejin Kim and Nidhi Verma Asian governments and refiners rushed to assess oil stockpiles as well as alternative shipping routes and supplies as the Iran conflict disrupted shipping in the crucial 

Latin America Split Over How to Counter China’s Steel Surge

Argentina terminated anti-dumping duties on Chinese aluminum foil, removing trade barriers that had restricted shipments from China and reopening the market to Chinese producers. The move marks a notable shift in South America’s trade posture toward Chinese industrial exports, even as ...

Analysis from Cobus van Staden

China’s Relationship with Iran: More Balancing Act than All In

While China has expressed support for Iran as it faces attacks from Israel and the United States, readouts from Chinese Foreign Minister Wang Yi’s conversation with Iran’s Abbas Araghchi hint at a more complex position.
Wang’s emphasis on the securing of Chinese institutions and people, as well as his repeated references to respecting the rights of neighboring countries, show that China’s interests in the region go far beyond Iran.

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China Slowdown Hits Rio Tinto Earnings Despite Revenue Gains

Mining giant Rio Tinto's net profit fell in 2025 as costs climbed and it took a hit from a slump in the Chinese economy, company results showed Thursday. The British-Australian firm said the results "demonstrate clear progress as we embed our ...

Dangote Signs $400 Million Equipment Deal With China’s XCMG to Speed up Refinery Expansion

By Isaac Anyaogu Nigeria's Dangote Group has signed a $400 million equipment deal with China's Xuzhou Construction Machinery Group to speed up the expansion of its oil refinery toward a planned 1.4 million barrels per day, the company said on Tuesday.

Nigeria Opens Probe Into Temu Over Suspected Data Protection Breaches

Nigeria's data watchdog has opened a probe into Chinese-owned e-commerce giant Temu for suspected violations of data laws, the regulator said on Tuesday, a move that could lead to legal penalties in one of Africa's biggest markets. The Nigeria Data Protection ...

Q&A: The “Guanxi”: An Anthropological Look at the Chinese Businessman in Peru

The recent scandal dubbed “ Chifagate ” and the revelations about the so-called “ Dragon Club ” have once again put the relationship between Peruvian political power and Asian investments under scrutiny. However, beyond the anecdote of a dinner at a chifa or ...

China Flexes Its Muscle at Singapore Airshow as U.S. Isolated

China used this week's Singapore Airshow to flex its military and aviation muscle, drawing heavy attention from regional delegations as Beijing sharpens its bid for influence in Southeast Asia. The U.S. military has demonstrated its power this year through ...

U.S. Drone Makers Seek Asia Sales as China Threat Rises

Several U.S. drone firms made their debut at the Singapore Airshow this week, seeking to expand their business beyond the Pentagon into Asia, where countries are increasingly concerned about the threat posed by China's military build-up. The lethal success of drones on both ...

China’s BYD Designing New Model for India: Senior Official

China's BYD, the world's top electric carmaker, is preparing a new model for India as it looks to continue its rapid overseas growth, executive vice president Stella Li told AFP on Tuesday. Engineers at BYD's headquarters in Shenzhen, southern China, are ...
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