Trump presidency to create high anxiety among Asian allies
Republican Donald Trump's victory in the U.S. presidential election will deepen Asian allies' anxiety about Washington's commitment to post-war security arrangements in the face of a rising China and volatile North Korea, and could bolster calls from conservatives in Tokyo for a more robust defense policy.
In China trade dispute, EU accuses government mouthpiece of censoring envoy
The European Union on Tuesday accused a Chinese government mouthpiece of censoring and twisting the words of its ambassador, amid a flare-up in trade disputes between the two economic giants.
Oil down as Iraq says no cuts; Wall Street, Cushing draw limit loss
Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.
ChemChina, Sinochem in talks on possible $100 billion merger
Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertilizer and oil giant with almost $100 billion in annual revenue, three sources familiar with the matter said.
China says EU duties on Chinese steel are unfair
China's Commerce Ministry has expressed concern and regret after the European Union set provisional import duties on two types of Chinese steel coming into the bloc, calling its investigation methods "unfair".
China eyes progress at APEC for China-backed free trade area
China hopes to see progress at next month's summit in Peru of the Asia Pacific Economic Cooperation (APEC) bloc in pushing ahead with a Chinese-backed trade liberalization framework, China's foreign minister said while on a trip to Lima.
OPEC set for no deal as Iran rejects Saudi oil output offer
Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
Saudi Arabia, Russia sign oil pact, may limit output in future
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.
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