China iron ore imports in June fall to lowest since Feb 2016
China's iron ore imports in June fell from a year ago, touching their lowest since February 2016, customs data showed on Friday, as supply declined from top miners in Brazil and Australia.
China's iron ore imports in June fell from a year ago, touching their lowest since February 2016, customs data showed on Friday, as supply declined from top miners in Brazil and Australia.
China's crude oil imports on a daily basis in June rose 15.2% from a year earlier, customs data showed on Friday, as the start up of new large-scale refiners spurred demand for feedstocks.
China's June coal imports fell 1.4% from May to 27.1 million tonnes, official data showed on Friday, as local miners boosted output to ensure adequate supply ahead of summer.
China's soybean imports fell 11.5% in June from May, customs data showed on Friday, as the Sino-U.S. trade war and an outbreak of deadly African swine fever curb demand.
China's rare earth exports rose by 9% in June from May, customs data showed on Friday, snapping two months of declines that had stoked worries over supply from the world's top producer of the materials amid the Sino-U.S. trade dispute.
New bank loans in China rose to a three-month high in June as policymakers sought to keep ample funds in the financial system to support the slowing economy amid rising U.S. trade pressure.
The sun is shining but shorter days and holiday expenses are coming.
Dutch housing cooperation Vestia said on Friday Deutsche Bank would pay it 175 million euros ($197 million) to settle claims the German bank had improperly sold it interest rate derivatives.
U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in services, leading to the smallest annual increase in producer inflation in nearly 2-1/2 years.
Consumers are taking on more debt at higher interest rates, and for a longer time, to afford the latest models.
Oil prices inched higher on Friday and were on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.
Ford and Volkswagen joined forces to develop autonomous and electric cars on Friday and said they were also looking at other areas of cooperation, deepening a global alliance to slash development and manufacturing costs.
Volkswagen AG's $2.6-billion investment in Ford Motor Co's Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector.
The S&P 500 and Dow indexes hit a record high at the open on Friday, after Federal Reserve Chairman Jerome Powell's dovish remarks this week boosted bets of an interest rate cut this month.
Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs.