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The Australian Ministry for Industry, Innovation and Science expects steel production in China to reach a peak of 886 million tons in 2018, and then to decline in 2019 to 861 million tons due to weaker domestic demand, which will be observed in 2020. According to the ministry, this will lead to a decrease in steel production in the country to 842 million tons in 2020. The ministry’s quarterly report notes that the downward trend in the Chinese steel industry may affect the situation in the world market, since China accounts for half of global steel production. However, the ministry expects a stable state of steel production in the world in 2020 due to increased production outside China.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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