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    • China's industrial profits fall 22.9% in Jan-Feb y/y

      • BY Reuters|
      • Asia-Pacific , China |
      • 09:38 PM ET 03/26/2023

      Profits at industrial firms in China declined 22.9% in the first two months of 2023 from the year before, official data showed on Monday, as the factory sector struggles to claw its way out of the slump caused by COVID-related disruptions.

    • China, US should manage economic competition, boost cooperation - Asian Development Bank

      • BY Reuters|
      • Asia-Pacific , China |
      • 11:57 PM ET 03/25/2023

      China and the United States need to manage economic competition and strengthen cooperation, Ahmed Saeed, vice-president of the Asian Development Bank, said at a China Development Forum in Beijing on Sunday.

    • China implements effective solutions to development challenges - state planner

      • BY Reuters|
      • Asia-Pacific , China |
      • 10:45 PM ET 03/25/2023

      China's economic development faces challenges and it is implementing effective solutions to solve them, the head of the state planner said on Sunday. China will strengthen coordination of fiscal, monetary, employment, industrial, consumption and other policies, Zheng Shanjie, head of the National Development and Reform Commission, said at a China Development Forum in Beijing.

    • Brazil's Lula 'fine' after pneumonia diagnosis, will travel to China Sunday

      • BY Reuters|
      • Asia-Pacific , China , Latin America , Brazil |
      • 04:13 PM ET 03/24/2023

      Brazilian President Luiz Inacio Lula da Silva has been diagnosed with mild pneumonia and will delay a planned trip to China by a day, leaving on Sunday, the presidential palace and his doctor said. Lula's physician, Dr. Roberto Kalil, told Reuters that the president is in good health after undergoing hospital tests on Thursday night and is responding well to antibiotics.

    • China gobbles up US corn as prices fall

      • BY Reuters|
      • Asia-Pacific , China |
      • 12:57 PM ET 03/24/2023

      Falling prices have sparked a flurry of Chinese purchases of U.S. corn, as the world's top buyer of the grain scrambles to make up for a slow start to its import program, traders and analysts said. The latest deal, announced by the U.S. Department of Agriculture on Friday, saw China buying 204,000 tonnes of American corn, its eighth confirmed purchase in the past nine business days.

    • China regulator touts achievements in managing bank risks amid contagion fears

      • BY Reuters|
      • Asia-Pacific , China |
      • 08:56 AM ET 03/24/2023

      China's banking regulator said on Friday it had made remarkable progress in improving corporate governance and risk management in the banking sector, at a time when a banking crisis in the U.S. and Europe is stirring contagion fears.

    • METALS-Nickel surges as inventories slide and speculators wade in

      • BY Reuters|
      • Asia-Pacific , China |
      • 07:02 AM ET 03/24/2023

      By Eric Onstad. Nickel shot up on Friday after inventories in China tumbled, while some speculators took advantage of the metal's recent low price and others scrambled to cover bearish positions.

    • EMERGING MARKETS-Stocks subdued, still set for best week in 2 months

      • BY Reuters|
      • Asia-Pacific , China |
      • 06:16 AM ET 03/24/2023

      Emerging market stocks were subdued on Friday amid U.S.-China tensions and as concerns about the banking sector persisted, after three straight sessions of gains that positioned the main index for its best weekly performance in two months.

    • GLOBAL MARKETS-Asian shares slide on banking concerns, bonds bet on last rate hikes

      • BY Reuters|
      • Asia-Pacific , China |
      • 01:49 AM ET 03/24/2023

      * China shares ease on geopolitical concerns, Nikkei slid. * U.S. yields largely steady, heading lower for third week. * Yen, euro post strong weekly gains; dollar near 7-week low. * Markets price in aggressive rate cuts from Fed. By Stella Qiu.

    • GRAINS-Corn futures rise as China buying spree continues

      • BY Reuters|
      • Asia-Pacific , China |
      • 12:21 PM ET 03/23/2023

      * Corn higher on continued Chinese demand. * Markets digest Fed statement, U.S. export data. * Soybeans pressured by Brazil crop, spillover from wheat. By Cassandra Garrison. MEXICO CITY, March 23 - Chicago corn edged higher on Thursday, buoyed by another flash sale to China, while soybeans dipped on continued pressure from Brazil's ongoing harvest, analysts said.

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    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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