Edition:
United Kingdom

Shivani Singh

China traders cut back Iran iron ore purchases ahead of tariff hike

21 Sep 2019

BEIJING China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export tariffs due to be imposed by Tehran have dampened risk appetites in the world's biggest steelmaker.

China's top steelmaking city Tangshan tightens pollution controls

12 Sep 2019

BEIJING The Chinese city of Tangshan has ordered steel mills and other industrial companies to curb output or emissions for four days as the mid-autumn public holidays begin, according to two sources and a document seen by Reuters, continuing wider efforts to tackle air pollution.

China Minmetals unit buys Fanya metal exchange antimony, rare earth stocks

01 Sep 2019

BEIJING The rare earths arm of state-owned China Minmetals Corp on Sunday bought metal and rare earth inventories formerly held by the defunct Fanya Metal Exchange as the sole bidder in online auctions, paying 780.4 million yuan (89.6 million pounds).

China's Zhaojin Mining eyes doubling of gold output via overseas M&A - executive

26 Aug 2019

BEIJING Zhaojin Mining, one of China's biggest gold miners, aims to double production of the precious metal as early as 2024 on the back of overseas acquisitions and may look for deals below $500 million, the head of its international arm said.

AbbVie prices new rheumatoid arthritis drug at $59,000 a year

16 Aug 2019

AbbVie Inc has priced its new rheumatoid arthritis treatment at $59,000 a year after gaining U.S. approval on Friday, a big boost for the drugmaker struggling with rising competition for Humira, its blockbuster therapy for the same condition.

Glencore starts copper concentrates blending facility in Taiwan

26 Jul 2019

Glencore has started a new copper concentrates blending facility in Taiwan to mix clean material with ores containing high levels of arsenic, three sources familiar with the matter said.

Boston Scientific's narrow profit beat fails to excite investors

24 Jul 2019

Boston Scientific Corp narrowly beat Wall Street estimates for quarterly profit on Wednesday, helped by higher sales of its surgical products used to treat urological and pelvic conditions.

China's soybean crushers in no rush to buy from U.S. despite Beijing tariff offer: sources

24 Jul 2019

BEIJING Despite the carrot of a potential exemption from import tariffs, Chinese soybean crushers are unlikely to buy in bulk from the United States any time soon as they grapple with poor margins and longer-term doubts about Sino-U.S. trade relations, people familiar with the matter said.

RPT-The pits: How China's U.S. tariff jab choked a cherry import boom

23 Jul 2019

* Whole trade decimated after U.S. import tariffs hiked to 50%

The pits: How China's U.S. tariff jab choked a cherry import boom

22 Jul 2019

BEIJING For public relations officer Rachel Li, paying top dollar for "beautiful" cherries imported from the United States was a no-brainer.

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