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” - 3 Biden - 3 “ - 2 Brent - 1 hasn’t - 1 Richard Bronze - 1 Raad Alkadiri - 1 Alkadiri - 1
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☆ Why Are Oil Prices Falling While War Rages in the Middle East?
  + stars: | 2023-11-09 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com   time to read: +5 min
Yet, after a few days of anxiety following the bloody Oct. 7 raids by Hamas militants in Israel, energy markets have been slumping. Mr. Alkadiri said that traders are unlikely to bid up prices unless they see “actual barrels removed” from the market. Saudi Arabia and other producers have been trying to support prices by reducing their oil output. Forecasters are warning that 2024 could be a difficult year in the oil markets. Haves and Have-notsAs the fighting continues, traders have figured out that when it comes to oil there are haves and have-nots in the Middle East.
Persons: Brent, hasn’t, ”, Richard Bronze, Raad Alkadiri, Alkadiri, Helima Croft, Croft, “, Biden, “ It’s Organizations: Eurasia Group, U.S . Energy Information Administration, ”, Group, American, RBC Capital Markets, Central Intelligence Agency Locations: Israel, London, China, Saudi Arabia, United States, East, Gaza, Iraq, Iran, Saudi, Hormuz, Ukraine, ”, Persian
☆ The US needs a stable Chinese economy. Will Biden’s commerce secretary offer help?
  + stars: | 2023-08-24 | by ( Laura He | ) edition.cnn.com   time to read: +7 min
Hong Kong CNN —US Commerce Secretary Gina Raimondo will travel to China next week, a visit that coincides with a worsening slowdown in the world’s second largest economy. Gina Raimondo, US commerce secretary, speaks during the SelectUSA Investment Summit in National Harbor, Maryland, US, on Tuesday, May 2, 2023. The Commerce Department announced on Monday that it was removing 27 Chinese companies from US export controls. China’s Ministry of Commerce welcomed the decision, saying it was conducive to trade and reflected the interests of both sides. That was followed earlier this month by President Biden signing an executive order that limits US investment in certain tech sectors of the Chinese economy, including AI and quantum computing.
Persons: Gina Raimondo, Raimondo, ”, Craig Singleton, Ting Shen, Trump, Biden, “, Washington, Donald Trump, It’s, Xi, Singleton, — Kylie Atwood, Jeremy Diamond Organizations: Hong Kong CNN — US, Washington, Foundation for Defense of Democracies, Commerce Department, Beijing, SelectUSA Investment, Bloomberg, Getty, China’s Ministry of Commerce, ” Eurasia Group, Apple, Nike, Intel, Microsoft, General Motors, US Treasury Department, Mintz Group, Bain & Company, Communist Locations: Hong Kong, China, Beijing, Washington, Shanghai, National Harbor , Maryland, United States, Europe, Japan, New York, court
☆ China just played a trump card in the chip war. Are more export curbs coming?
  + stars: | 2023-07-04 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
Beijing hit back Monday by playing a trump card: It imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry. Last October, the Biden administration unveiled a set of export controls banning Chinese companies from buying advanced chips and chip-making equipment without a license. Beyond China, Australian rare earths producers also advanced, as investors expected Beijing might extend export curbs to that group of strategically important minerals. “If this action doesn’t change the US-China dynamics, more rare earth export controls should be expected,” Jefferies analysts said. China cut its rare earths export quota in 2010 amid tensions with the United States.
Persons: ”, Biden, China’s, Janet Yellen, Jefferies, ” Jefferies, CNN’s Hanna Ziady, Xiaofei Xu Organizations: Hong Kong CNN, Jefferies, Micron Technology, Micron, China, Geological Survey, Eurasia Group, Group, United, Analysts Locations: Hong Kong, China, United States, Beijing, Washington, Netherlands, Japan, Australian, States, United Kingdom, Germany, Belgium
☆ His power secure at home, China’s Xi Jinping goes on a charm offensive abroad
  + stars: | 2022-12-06 | by ( Evelyn Cheng | Evelyn Cheng Is A News Associate With Cnbc. | ) www.nbcnews.com   time to read: +5 min
BEIJING — Now that he has consolidated power at home, Chinese President Xi Jinping is stepping out onto the world stage to strengthen relations with the U.S. and other countries. Most recently, Xi hosted European Council President Charles Michel in Beijing on Thursday. In a speech at the party congress, Xi said the party has “safeguarded China’s dignity” in the face of international changes and warned of “dangerous storms” ahead. The following week, the countries’ military leaders met for the first time since Pelosi’s controversial Taiwan visit in August. Heads of Japan, South Korea, Australia, Indonesia and Italy met with both Xi and Biden in the last several weeks, based on government announcements.
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