China Archives - globaltimes.pk

Beijing confirms President Xi to visit Moscow next week

Beijing confirms President Xi to visit Moscow next week

Chinese President Xi Jinping will make a state visit to Moscow next week, where he will hold talks with his strategic ally Vladimir Putin just over...

Can China broker peace between Russia and Ukraine?

World1 week ago

Can China broker peace between Russia and Ukraine?

Putin congratulates Xi on new term, hails 'strengthening' ties

World2 weeks ago

Putin congratulates Xi on new term, hails ‘strengthening’ ties

Putin congratulates Xi on new term, hails 'strengthening' ties

Studying Ukraine war, China's military minds fret over US missiles, Starlink

World3 weeks ago

Studying Ukraine war, China’s military minds fret over US missiles, Starlink

Studying Ukraine war, China's military minds fret over US missiles, Starlink

World4 weeks ago

What is China’s game plan in Ukraine?

What is China's game plan in Ukraine?

Any China lethal aid to Russia would come at real costs, U.S. says

World4 weeks ago

Any China lethal aid to Russia would come at real costs, U.S. says

China has not moved toward providing lethal aid that would help Russia in its invasion of Ukraine and the United States has made clear behind closed...

How China's balloon sent the US on a hunt for flying objects

World1 month ago

How China’s balloon sent the US on a hunt for flying objects

After the U.S. government announced last week that a fleet of Chinese spy balloons had visited the United States undetected in recent years, the military had...

Punjab interim CM expresses desire to use Chinese technology to curb smog

pakistan2 months ago

Punjab interim CM expresses desire to use Chinese technology to curb smog

Punjab interim Chief Minister (CM) Mohsin Naqvi on Wednesday expressed the desire to use Chinese technology to curb smog at a meeting with Chinese consul general...

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. Brent crude futures rose 82 cents, or 1.01%, to $81.81 per barrel by 0300 GMT, while West Texas Intermediate futures rose 82 cents, or 1.11%, to $74.93 per barrel. "Crude prices are rising on expectations that China's recovery will take hold and on supply outages from the earthquake that devastated Turkey," said Edward Moya, analyst at OANDA. The International Energy Agency (IEA) expects half of this year's global oil demand growth to come from China, the agency's chief said on Sunday, adding that jet fuel demand was surging. Saudi Arabia, the world's top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid expectations of oil demand recovery, especially from China. Operations at Turkey's 1 million barrel per day (bpd) oil export terminal in Ceyhan were halted after a major earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed on Feb. 6-8. Daniel Hynes, senior commodity strategist at ANZ bank in Sydney, also pointed to the shutdown of the 535,000-bpd Phase 1 of the Johan Sverdrup oil field in Norway's area of the North Sea as a major driver of prices. The oil markets will closely watch the U.S. Federal Reserve's chair Jerome Powell's speech on Wednesday, analysts said. Interest rate hikes typically strengthen the dollar, which could make crude more expensive for non-American buyers. "The rebound in oil prices is more like a cautious move ahead of Fed Powell's speech tomorrow, when the Fed chairman may provide more clues on the future rate hike path," Tina Teng, an analyst at CMC Markets,

Business2 months ago

Oil rises on China outlook, supply worries after Turkey earthquake

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown...

Chill pervades China's tech firms even as crackdown eases

Tech2 months ago

Chill pervades China’s tech firms even as crackdown eases

A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth...