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The fallout has extended to Washington, where Republicans are hunting for evidence that could be used to impeach President Joe Biden. Republicans have highlighted a $200,000 personal check from Jim to Joe Biden on the same day — March 1, 2018 — that Jim Biden received an equal amount from Americore. Concerns that Jim Biden’s business ventures and missteps would cloud Joe Biden’s political career stretch back decades. Court records show the matter was dropped, and Jim Biden's representatives said the bill was paid. But he’s also angry at Jim Biden's brother.
Persons: ELLWOOD, Jim Biden, Joe Biden, Jim Biden wasn’t, Americore, It’s, Joe Biden’s, Hunter, Biden, Jim, , Paul Fishman, , Ian Sams, Republicans won’t, ” Jim Biden, James Comer, he’s, ” Comer, Jim Biden's, Sara, Joe, Jill, Jim Biden’s, Barack Obama’s, Narendra Modi, Valerie, Frank, Beau, Beau Biden, ” Hunter, Uncle Jim, Hollywood Roosevelt, , Let’s, ’ ”, Hurricane Irma, Tom Pritchard, Pritchard, ” Pritchard, Obama, Jim Biden “, ” Fishman, Michael Lewitt, Lewitt, Fishman, Biden’s, Grant White, ” White, Donald Trump, Scott Paglia, Paglia, ___ Suderman, Rhonda Shafner Organizations: ELLWOOD CITY, Health, House Republicans, Republicans, ., Democrats, Americore, Rep, Kentucky Republican, franchise, Senate, Delaware News, Oval, White, Indian, University of Delaware, Internal Revenue Service, CEFC China Energy . Records, American Express, U.S . Department of Veteran Affairs, Platinum Global Partners, Securities and Exchange Commission, Wall, Democratic, Associated Press Locations: Pa, Florida, Ellwood City, Pennsylvania, Washington, , China, Philadelphia, Delaware, Mississippi, California, Los Angeles, Qatar, Saudi Arabia, South Florida, Delray Beach , Florida, Richmond , Virginia, New York
Russia-China energy cooperation in focus as Putin visits Xi
  + stars: | 2023-10-15 | by ( ) www.reuters.com   time to read: +4 min
It insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses. According to China's customs data, the growth of China's exports and imports with Russia on a year-on-year basis quickened in September from August. China is Russia's second-largest buyer of Russian oil after India. Russia's main gas export route is a 4,000-km (2,500-mile) pipeline Power of Siberia that links East Siberian fields to northeast China. Russia aims to build a second gas pipeline to China, Power of Siberia 2, with capacity for 50 bcm a year to run via Mongolia.
Persons: Maxim Shemetov, Wang Wentao, Vladimir Putin's, Russia's Novatek, Vladimir Soldatkin, Guy Faulconbridge, Alison Williams Organizations: REUTERS, Rights, Commerce, Vortexa, Russia's, Reuters, European, VEB, Supplies, CNPC, Thomson Locations: Siberia, Svobodny, Amur, Russia, China, United States, Beijing, Moscow, Ukraine, Russian, India, Kpler, Kozmino, Baltic, Brazil, Urals, Oman, European Union, That's, Europe, Power, Mongolia, Sakhalin, Qatar
Following is a list of some other high-profile Chinese executives who have been investigated or arrested under Xi's leadership. BAO FAN, FOUNDER OF CHINA RENAISSANCEThe founder of China Renaissance Holdings (1911.HK) was detained in February and the investment bank said in August he was co-operating with authorities as investigations continued. Wu was arrested in June 2017 amid Beijing’s campaign to curtail big-spending conglomerates as it cracked down on financial risk. YE JIANMING, FOUNDER OF CEFC CHINA ENERGYIn 2017, Ye's CEFC agreed to buy a nearly $9.1 billion stake in Russian oil major Rosneft. A year later, he was investigated for suspected economic crimes and disappeared from public view in March 2018.
Persons: Hui Ka Yan, Xi Jinping, ZHAO WEIGUO, Tsinghua Unigroup, Zhao, Bao, Morgan Stanley, Didi, XIAO JIANHUA, Xiao, CHEN FENG, TAN XIANGDONG, GROUP, Tan, WU XIAOHUI, Wu, JIANMING, Ye's CEFC, magazine's, Kane Wu, Selena Li, Anne Marie Roantree, Miyoung Kim, Lincoln Organizations: HK, Evergrande, TSINGHUA UNIGROUP, Tsinghua University, Tsinghua, OF CHINA, China Renaissance Holdings, Credit Suisse Group, OF, China's Communist Party elite, Reuters, HNA, Hainan Airlines, Deutsche Bank, Hilton Worldwide, Prosecutors, Thomson Locations: China, Chinese, Guangdong, Shanghai, Hong Kong, Hainan, CHINA
Chinese stock markets have failed to perform in 2023. All three major indexes have lost money for investors over the past week, month, three months, six months, and year. As a result, shorting the Chinese currency has been one of the most profitable investments this year, according to analysis by CNBC Pro of FactSet's ETF performance data. CNBC Pro screened for global China-focused ETFs that have posted positive returns this year to date. A weighted average analysts' price target for companies in the ETF points toward a further 22.4% upside over the next 12 months, according to FactSet data.
Persons: Thierry Wizman, Goldman Sachs, Brent Organizations: Shenzhen Component, Shanghai, Index, U.S, CNBC Pro, Singapore ., London Stock Exchange, U.S ., Macquarie, People's Bank of, China Energy, New York Stock Exchange, bbl, Goldman, Dragon, China Communication Services Locations: Shenzhen, China, New York, London, Amsterdam, Frankfurt, Singapore, People's Bank of China, Macquarie, Dragon China, U.S
The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward forecasts of China's peak gasoline demand by about a year to 2024, while Chinese state majors PetroChina and Sinopec (600028.SS) see it in 2025. The earlier halt in gasoline demand growth in the world's No. Reuters GraphicsAs a result of accelerating EV sales, Paris-based IEA now expects Chinese gasoline demand to peak in 2024 at about 3.7 million barrels per day (bpd), bringing forward an earlier projection of demand plateauing in 2025/2026. The research arm of China's state refiner CNPC expects gasoline demand to peak in 2025, citing accelerating sales of EVs, and sees gasoline demand shrinking 2.3% annually between 2026 and 2030. China's massive move into petrochemicals is already causing a glut globally, prompting companies to shift investments to high-end energy transition materials.
Persons: Aly, refiners, Toril Bosoni, EV's, Gaurav Batra, Mukesh Sahdev, Ma Yongsheng, Mohi Narayan, Carman Chew, Matthew Chye, Chen Aizhu, Zoey Zhang, Andrew Hayley, Florence Tan, Sonali Paul Organizations: Porsche, Auto Shanghai, REUTERS, International Energy Agency, Rystad Energy, China Association of Automobile Manufacturers, Reuters Graphics, Reuters, China, Shenghong Petrochemical, Energy, Graphics, Thomson Locations: Shanghai, China, Jan, Sinopec, Asia, Reuters Graphics China, Paris, U.S, North America, India, Sun, New Delhi, Singapore, Beijing
China Energy Investment Corporation, the world’s largest generator of coal-fired power, said its production of electricity reached a historic high on Monday. Kerry, 79, has traveled to China twice since being appointed as US President Joe Biden’s special climate envoy. Li, the Greenpeace analyst, said he would be closely watching who will meet with Kerry in Beijing. That would require the country to phase out coal power, which accounts for about 60% of its total electricity generation. “The expansion of coal is a grave challenge for China’s climate policy,” Li said.
Persons: John Kerry, , Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, , ” Wang Organizations: Hong Kong CNN, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, , Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP
China Energy Investment Corporation, the world’s largest generator of coal-fired power, said its production of electricity reached a historic high on Monday. Kerry, 79, has traveled to China twice since being appointed as US President Joe Biden’s special climate envoy. Li, the Greenpeace analyst, said he would be closely watching who will meet with Kerry in Beijing. That would require the country to phase out coal power, which accounts for about 60% of its total electricity generation. “The expansion of coal is a grave challenge for China’s climate policy,” Li said.
Persons: John Kerry, , Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, , ” Wang Organizations: Hong Kong CNN, Beijing Sunday, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, , Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP
CNN —A major Chinese power generator says its electricity production has reached a record high as the country grapples with a punishing heat wave. China Energy Investment Corporation, one of the world’s largest generators of coal-fired power, says the volume of electricity it produced on Monday had hit a daily record. It exceeded the previous record by 40 million kWh, it added, without specifying when that milestone was achieved. “Due to the continuous high temperatures, the electricity load in many parts of the country continues to rise,” China Energy said. China Energy did not say whether a surge in demand for air conditioning was behind the record power generation.
Organizations: CNN, China Energy Investment Corporation, China Energy, Global Energy Monitor Locations: China, Beijing
Gal Luft claims he has proof of Hunter Biden profiting off his family name in deals with China. Luft himself has been charged by the DOJ with false statements and being a foreign agent of China. After months of secrecy surrounding the charges against Luft, the indictment has been unsealed. Prosecutors allege Luft created a written "dialogue" between Woolsey and an associate at CEFC China Energy, a state-run energy company, which was then published in a Chinese newspaper online. Christopher Clark, a lawyer for Hunter Biden, did not immediately respond to Insider's request for comment.
Persons: Gal Luft, Hunter Biden, Luft, Hunter, , Trump, James Woolsey, Donald Trump's, Woolsey, LUFT, Biden, Biden's, Joe Biden's, Joe Biden, Christopher Clark, I'm Organizations: Service, DOJ, US, Monday, Foreign, Office, of, Luft Prosecutors, Global Security, New York Post, Central Intelligence Agency, Prosecutors, CEFC China Energy, United Arab, NY, China Energy, FBI, Biden, Washington Post, NY Post Locations: China, Wall, Silicon, Chinese, Cyprus, FARA, Southern, of New York, Libya, United Arab Emirates, Brussels, Belgium,
[1/5] Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. After securing an unprecedented third term as president earlier this year, Chinese President Xi Jinping made his first overseas trip to Moscow to meet his "dear friend" Putin. China "will be more cautious with its words and actions about Russia", said Shanghai-based international relations expert Shen Dingli. It was unclear if Yang's article was written before the Wagner rebellion and he did not respond to requests for an interview from Reuters. Other China-based academics, however, said Beijing would not change its stance on Russia as a result of the incident.
Persons: Vladimir Putin, Xi Jinping, Pavel Byrkin, Wagner, Vladimir Putin's, Shen Muhui, Alexander Neill, Yevgeny Prigozhin, Qin Gang, Putin, Shen Dingli, Yang Jun, Michal Meidan, Martin Quin Pollard, Yew, Tian, John Geddie, Alex Richardson Organizations: Kremlin, Sputnik, REUTERS, Moscow, U.S, Foreign, NATO, Beijing's China University of Political Science, Law, Reuters, The Oxford Institute for Energy Studies, European Union, Putin's, Australian National University, Shanghai, Thomson Locations: Moscow, Russia, Kremlin, China, Ukraine, Beijing, BEIJING, China's, Fujian, Singapore, United States, Shanghai, Japan, Putin's Russia
CNN —Hunter Biden, the son of President Joe Biden, will plead guilty to two tax misdemeanors and struck a deal with federal prosecutors to resolve a felony gun charge, the Justice Department said Tuesday in court filings. Trump criticized the Hunter Biden plea deal on Truth Social. Hunter Biden’s legal team sought a meeting with the Justice Department in April, which Weiss attended, and where Hunter Biden’s lawyers gave a presentation detailing why they believe Hunter Biden shouldn’t be charged. Part of their argument included that Hunter Biden paid back taxes owed, including penalties. Correction: This story has been updated to reflect that Hunter Biden is pleading guilty to two tax charges and struck a deal to resolve the gun charge.
Persons: CNN — Hunter Biden, Joe Biden, Hunter Biden, Biden, Donald Trump, Trump, David Weiss, Hunter, Christopher Clark, Department’s, “ Hunter, ” Clark, ” “, , Ian Sams, Hunter Biden’s, Weiss, Hunter Biden shouldn’t, Prosecutors, Clark, , Garland, Justice Department wouldn’t, Christopher Wray, he’s, Beau . Hunter Biden, Melissa Cohen, Jake Tapper, , He’s, ” Joe Biden, Department’s prosecutorial, “ I’m, I’m, Tapper, “ That’s, it’s, General Merrick Garland, Justice Department’s, CEFC, Obama Organizations: CNN, Justice Department, Internal, Service, Trump, Government, House, Truth, Biden DOJ, Republican, Democratic, IRS, FBI, Department, people’s Justice Department, Hunter, Justice, CEFC China Energy, White, Yorker, State Department Locations: Delaware, Wilmington, China, Ukraine, United States
Following is a list of some other high-profile Chinese executives who have abruptly gone missing from public view in recent years. Three months later, On Nov. 27, the company said Yang had resumed his duties after assisting an investigation in China. Shares and bonds related to CEFC China Energy plunged on the news, which was first reported by Chinese magazine Caixin. Chinese financial regulators in 2020 took over brokerages, trust companies and insurers linked to the group. Reporting by Brenda Goh and Xie Yu; Editing by Sumeet Chatterjee and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
China energy rethink can keep Europe warm
  + stars: | 2023-02-07 | by ( Yawen Chen | Thomson Reuters | Beijing | ) www.reuters.com   time to read: +3 min
HONG KONG, Feb 7 (Reuters Breakingviews) - Beijing's energy policy will indirectly support Europe. The European Union imported a record 131 bcm of LNG last year, 60% more than in 2021, Kpler data show. That’s why Chinese LNG imports are forecast to rise just 7% this year to 94 bcm, according to data provider OilChem China, or 14% below their 2021 peak. While strengthening its own energy security, China may accidentally help keep Europe warm. Chinese LNG imports are expected to rise 7% to 94 billion cubic metres in 2023 from a year before, according to data provider OilChem China.
SINGAPORE, Jan 9 (Reuters) - The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output. "Many miners would welcome the opportunity to renew their commercial relationships in China for both metallurgical coal and thermal coal." read moreAmong them, China Energy Investment Corp has placed an order to import Australian coal which could load later this month. read moreMarket participants expect more firms to be granted permission to buy Australian coal in the coming months. HIGHER QUALITYChina purchased more than 30 million tonnes of coking coal and nearly 50 million tonnes of thermal coal from Australia before buying stopped.
SYDNEY, Jan 9 (Reuters) - A venture headed by China's Tianqi Lithium (002466.SZ) made an A$136 million ($94.07 million) bid to buy Australian lithium developer Essential Metals (ESS.AX), in a big test of Australian regulators' appetite for Chinese-led foreign investment. Tianqi Lithium Energy Australia (TLEA), which is 51% owned by Shenzhen- and Hong Kong-listed Tianqi Lithium Corporation and 49% by Australian miner IGO Ltd (IGO.AX), set the bid at 50 Australian cents per share. The deal requires the approval of Australia's Foreign Investment Review Board (FIRB), with Treasurer Jim Chalmers having the ultimate say. Essential Metals' shares surged as much as 40% on Monday, trading as high as 48.50 Australian cents. It expects the Essential Metals deal to be completed by May 2023.
India's share of Australian coal increased to 15.7% in 2022 from 12.3%, while Europe's share increased to 8% from 4.6%, the Kpler data showed. "Australian thermal coal is of better quality and is expensive. Global prices of both coking and thermal coal shot up after Russia's invasion of Ukraine last year. Analysts and traders expect the return of Australian coal to challenge the market share of suppliers such as Russia and add to pressure on prices in the longer term. "Entry of Australian coal into Chinese markets could ease coking coal prices, which are currently on the higher side," an Indian coal trader said.
BEIJING, Jan 2 (Reuters) - China Energy Investment Corporation said on Monday China's National Development and Reform Commission in Qinghai province has approved a hydro power plant worth 17 billion yuan ($2.46 billion) on Dec. 30 in the province. The plant is a so-called pumped storage hydropower facility that is used to pump water from a lower reservoir to an upper reservoir during periods of high electrical demand. The plant will start full production in 2028. ($1 = 6.8972 Chinese yuan)Reporting by Beijing Newsroom; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
5 key takeaways from Xi’s trip to Saudi Arabia
  + stars: | 2022-12-10 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +11 min
Here are five key takeaways from Xi’s visit to Saudi Arabia. Saudi Press Agency//ReutersDuring Xi’s visit, Saudi Arabia and China released a nearly 4,000-word joint statement outlining their alignment on a swathe of political issues, and promising deeper cooperation on scores of others. China is the world’s biggest buyer of oil, with Saudi Arabia being its top supplier. China is also keen to cooperate with Saudi Arabia on security and defense, an important field once reserved for the kingdom’s American ally. Saudi Arabia was, however, keen to reject notions of polarization, deeming it unhelpful.
Factbox: Saudi-China energy, trade and investment ties
  + stars: | 2022-12-06 | by ( ) www.reuters.com   time to read: +4 min
Below are some details about oil, trade and security relations between China and Saudi Arabia. OIL TRADEChina is Saudi Arabia's largest trading partner, with bilateral trade worth $87.3 billion in 2021. Chinese exports to Saudi Arabia reached $30.3 billion, while China's imports from the kingdom totalled $57 billion. REFINERIESAramco in early 2022 made a final investment decision to build a $10 billion refinery, petrochemical complex in northeast China, marking its single largest investment in China. Named Huajin Aramco Petrochemical Company, the joint venture groups Aramco, Huajin Chemical Industries Group Corporation (000059.SZ) -- a unit of defence conglomerate Norinco-- and Panjin Xincheng Industrial Group.
China is sending a large delegation to the United Nations climate summit in Egypt, but it is unlikely to bow to demands to strengthen its pledge to reduce greenhouse-gas emissions, China energy experts say. The country wants to appear independent, rather than in collaboration with the U.S., when it makes any new climate commitments, they say. It is facing criticism from the U.S. and other countries that its pledges to reduce greenhouse-gas emissions aren’t aggressive enough.
Китайские компании заинтересованы в масштабных инвестиционных проектах в энергетическом и медицинском секторах Молдовы. Посол сказал, что интерес Китая к инвестированию в Молдову растет, отчасти из-за выгодного географического положения страны, пишет mybusiness.md со ссылкой на zf.ro. Интерес Китая возник после того, как посольство Молдовы в Пекине предложило инвестиционные проекты в Молдове на сумму около 1 миллиарда долларов, что составляет около 10% ВВП Молдовы. По его словам, в Молдове благоприятная налоговая система и инвестиционные платформы, такие как свободные экономические зоны, индустриальные парки и IT-парки. В апреле 2019 года предыдущее правительство во главе с Павлом Филипом организовало двусторонний молдавско-китайский форум с участием 12 важнейших китайских компаний и 100 молдавских компаний.
Persons: Думитру Брагиш, Брагиш, Павел Филип Organizations: Balkan, China, China Sinopharm International Corporation, Wall Motors, Huawei, China Hyway, China Railway Group, Министерство экономики и инфраструктуры, Китайская корпорация зарубежное экономическое сотрудничество, Китайскоевропейская ассоциация техническое и экономическое сотрудничество Locations: China Energy, China, Молдова, Пекин, Китай, Азия, Европа, Ближний Восток, Африка
Посол сказал, что интерес Китая к инвестированию в Молдову растет, отчасти из-за выгодного географического положения страны. По его словам, China Energy хочет заключить соглашение о сотрудничестве с министерством экономики и инфраструктуры Молдовы, а China Sinopharm International Corporation выразила заинтересованность в сотрудничестве с молдавской компанией для реализации проекта развития в области лучевой терапии и химиотерапии. Интерес Китая возник после того, как посольство Молдовы в Пекине предложило инвестиционные проекты в Молдове на сумму около 1 миллиарда долларов, что составляет около 10% ВВП Молдовы. По его словам, в Молдове есть благоприятная налоговая система и инвестиционные платформы, такие как свободные экономические зоны, индустриальные парки и IT-парки. В апреле 2019 года предыдущее правительство во главе с Павлом Филипом организовало двусторонний молдавско-китайский форум с участием 12 важнейших китайских компаний и 100 молдавских компаний.
Persons: Думитру Брагиш, Брагиш, Павел Филип Organizations: Balkan, China, China Sinopharm International Corporation, Wall Motors, Huawei, China Hyway, China Railway Group, Китайская корпорация зарубежное экономическое сотрудничество, Китайскоевропейская ассоциация техническое и экономическое сотрудничество Locations: China Energy, China, Молдова, Пекин, Китай, Азия, Европа, Ближний Восток, Африка
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