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EU financial services chief favours banning sales inducements on investment products

A European Union ban on inducements for recommending sales of financial products could cut costs for retail customers by more than a third, the...

China: Cancelled the approval for shift change seafarer, no more centralized quarantine

The Ministry of Transport of China, the Ministry of Foreign Affairs of China, the National Health Commission of China, the General Administration of Customs...

2023 energy outlook: Favoring crude oil

Crude oil: Still constructive We expect crude oil prices to rise in 2023 for several reasons. With China reopening, oil demand looks set to exceed...

More Foreign Workers Anticipated in Shipbuilding Industry

The Ministry of Justice announced on Jan. 5 that the annual E-7-4 visa quota has been adjusted from 2,000 to 5,000 so that shipbuilders...

U.S. likely headed for economic ‘soft landing’ -White House’s Boushey

The U.S. economy appears headed for a soft landing, with recent economic data pointing to an ongoing recovery, not a recession, White House economist...

NY Fed says China’s COVID woes are pressuring supply chains

Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported...

China Energy places order to import Australian coal, sources say

China Energy Investment Corp has placed an order to import Australian coal, three sources familiar with the matter said on Friday, in one of...

Oil prices post weekly loss amid worries on demand and global economic slowdown

Oil prices posted losses at the end of the first trading week of 2023 as demand concerns continue to weigh on the market amid...

China’s Xi calls for greater cooperation with Turkmenistan on natural gas

Chinese President Xi Jinping said on Friday he wants more cooperation with Turkmenistan on energy, Chinese state television reported. Turkmenistan, a Central Asian nation of...

Shale producer Pioneer expects OPEC to boost oil prices as Brent tumbles

The Organization of the Petroleum Exporting Countries (OPEC) will likely take steps to boost oil prices, which started the year in free-fall, the chief...
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