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December Brent crude futures , set to expire on Tuesday, rose 36 cents, or 0.41%, to stand at $87.81 a barrel by 0305 GMT. "If this evolves into a full-scale invasion and there is involvement from Iran, tighter supply worries could resurface." In a note, ING analysts said, "Disruptions to Iranian oil flows remain the most obvious risk to the market." Such lost supply could range between 500,000 barrels per day (bpd) and 1 million bpd if the United States strictly enforces sanctions once again, they added, although Middle East developments had yet to affect oil supply. Weaker-than-expected manufacturing and non-manufacturing activity data from China stoked fears of slowing fuel demand from the world's No.

Persons: Eric Gaillard, Brent, Leon Li, China stoked, CME's, Laura Sanicola, Trixie Yap, Clarence Fernandez Organizations: REUTERS, . West Texas, Federal Reserve, Markets, ING, U.S, Thomson Locations: Nice, France, China, Wednesday's U.S, Gaza, Iran, Shanghai, Israel, United States, Venezuela, riven

☆ Some Chinese institutions borrow at 50% rate as liquidity squeezed
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

The highest overnight rate for pledged repo - a short-term financing business - hit 50% on Tuesday, according to official interbank data, although the average rate remains modest at roughly 3.6%. Two-day repo rates jumped to as high as 30%, and the highest rate for seven-day repos was 12%. Several traders at small lenders were still seeking to borrow money in later afternoon trading when contacted by Reuters. The brokerage attributed the cash shortage to a "record supply" of government bonds, as well as restricted channels for banks to borrow money. The average seven-day repo rate - a widely watched indictor of short-term borrowing costs in China - remained modest at 2.0765% on Tuesday, meaning many institutions can still borrow money at relatively low rates.

Persons: Thomas White, repos, Fan, Ming Ming, Ed Osmond, Kirsten Donovan Organizations: REUTERS, Rights, Guolian Securities, Reuters, Caitong Securities, Citic Securities, Shanghai, Thomson Locations: China

☆ Chinese authorities crack down on dogs after a Rottweiler mauls a toddler. But some say they’ve gone too far
▼ + stars: | 2023-10-31 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —A shocking video of a Rottweiler mauling a 2-year-old girl in China has prompted a crackdown by local authorities on stray dogs that some argue has now gone too far. Since then, local authorities in a raft of provinces including Shandong, Jiangxi, Yunnan, Hunan, Anhui have stepped up law enforcement, some more heavy-handed than others. Stray dogs are the main targets, but pets who are unleashed can also be subject to control measures. The country is home to 40 million stray dogs, according to the 2021 China Pet Industry white paper. In defense of stray dogsThis is not the first time Chinese authorities have been accused of being heavy-handed with animals.

Persons: netizens, ”, Kevin Frayer, Xiao Huang, Shepherd, Cya Liu, “, Bo Ai Organizations: Hong Kong CNN, Authorities, Weibo, Industry, Beijing, Hong Kong, Bo Ai Animal Protection Locations: Hong Kong, China, Chongzhou, China’s, Sichuan, Shandong, Jiangxi, Yunnan, Hunan, Anhui, Beijing, Yanzhou, Chongqing, Weibo, Shanghai, Guangyuan

☆ Nathaniel Taplin — Asia Editor, Heard on the Street at The Wall Street Journal
▼ + stars: | 2023-10-30 | by ( Nathaniel Taplin | ) www.wsj.com time to read: +1 min

Nathaniel TaplinNathaniel Taplin is the main columnist on China's economy and political economy for Heard on the Street, The Wall Street Journal's economic and financial commentary section. Before moving to the Journal, he spent five years in Beijing and Shanghai with Thomson Reuters and the independent macro consultancy Gavekal Dragonomics. While in China he traveled widely and reported on issues ranging from local government debt to protests against financial products gone bust and the market crises of 2015 and 2016. At Gavekal, he headed up global commodities coverage and wrote extensively on China’s energy sector, industry and trade. Nathaniel is a two time finalist for the Society of Publishers in Asia award for excellence.

Persons: Nathaniel Taplin Nathaniel Taplin, Heard, Nathaniel Organizations: Thomson Reuters, Society of Publishers Locations: Asia, China, Taiwan, Hong Kong, Beijing, Shanghai, Gavekal

☆ Watch Gavin Newsom accidentally tackle a kid while playing basketball in China
▼ + stars: | 2023-10-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Gavin Newsom plowed into a student while playing basketball in China. On Friday, Newsom and his wife, Jennifer Siebel Newsom, visited the Beijing Yuying School. As part of his official duties, he toured the school's farm-to-school and agricultural science programs, a representative for Newsom told Insider. California Governor Gavin Newsom accidentally topples little kid during pickup game of basketball in Beijing. We are interdependent," Newsom told Amanpour.

Persons: Gavin Newsom, Newsom, —, Gavin Newsom's, Jennifer Siebel Newsom, Mike Sington, Xi Jinping, Xi, CNN's Christiane Amanpour, Amanpour Organizations: Service, Beijing Yuying School, Economic Cooperation, Politico Locations: California, China, Beijing, Hong Kong, Shanghai, Guangdong, Jiangsu, Asia, San Francisco

HONG KONG (AP) — Asian shares were mixed on Monday ahead of a Federal Reserve decision this week on interest rates. U.S. futures gained while oil prices fell more than $1 a barrel. That’s particularly concerning for the Fed, which fears such expectations could lead to a vicious cycle that worsens high inflation. The Shanghai Composite index rose 0.3% to 3,025.76. As one of the most massive companies on Wall Street, Amazon’s stock movements carry huge weight on the S&P 500 and other indexes.

Persons: Netanyahu, Australia’s, Stocks, Russell, Ford, Brent Organizations: Federal, Federal Reserve, U.S, Nikkei, Bank of Japan, China, Dow Jones, Nasdaq, Wall, Intel, United Auto Workers, Treasury, New York Mercantile Exchange, U.S . Locations: HONG KONG, Israel, Israeli, Gaza, China, Shanghai, Hong Kong, Bangkok

Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Oct 30 (Reuters) - China's economy tsar He Lifeng has been appointed director of a key ruling Communist Party economic body, matching his high-profile predecessor Liu He with a particularly powerful portfolio covering economic policy, the financial sector and trade ties with Washington. He, who had previously headed the state planning agency, became one of China's four vice premiers in March when he replaced Liu He, who retired. He has now also replaced Liu as director of the office of the Central Finance and Economic Affairs Commission, a party body headed by President Xi Jinping. He could emerge as head of the resurrected Central Financial Work Commission, when state leaders, regulators and top bankers gather for a quinquennial, closed-door national financial work conference.

Persons: Lifeng, Florence, Liu, Liu He, Xi Jinping, Xi, Li Qiang, Janet Yellen, Valdis Dombrovskis, Joe Cash, Simon Cameron, Moore Organizations: REUTERS, Rights, Communist Party, Washington, Central Finance, Economic Affairs Commission, U.S, Treasury, EU Trade, Harvard, Financial Work Commission, Bloomberg News, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, Shanghai, China's, U.S

☆ Xi says China's women must start 'new trend of family'
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Doing a good job in women's work is not only related to women's own development, he said but also related to "family harmony, social harmony, national development and national progress". Factors including high childcare costs, career hindrance, gender discrimination and not wanting to get married have deterred many young Chinese women from having children. The number of births is closely tied to marriage rates because official policies make it hard for single women to have children. China's National Bureau of Statistics in January reported the first population drop in six decades and the country's population is rapidly ageing. The state media has often linked population development to the strength and "rejuvenation" of the country.

Persons: Wang Dan, Aly, Xi Jinping, Farah Master, Barbara Lewis Organizations: REUTERS, Xinhua, China Women's Federation, Communist Party, China's National Bureau of Statistics, Thomson Locations: Shanghai, China, HONG KONG, Beijing

☆ China EV maker BYD reports record quarterly profit of $1.42 bln in Q3
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

BYD electric vehicles are seen at a BYD dealership in Brasilia, Brazil October 24, 2023. Net profit for the third quarter reached 10.41 billion yuan ($1.42 billion), a 82.2% increase from a year earlier, on a 38.5% rise in revenue to 162.2 billion yuan, BYD said in a market filing. It flagged earlier this month that third-quarter net profit could as much as double. That was a smaller increase than the second quarter when profit was up 145%. The third-quarter earnings was within its forecast range of between 9.55 billion yuan and 11.55 billion yuan.

Persons: Adriano Machado, BYD, Qiaoyi Li, Zhang Yan, Brenda Goh, Jamie Freed, Louise Heavens Organizations: REUTERS, Rights, Thomson Locations: Brasilia, Brazil, Rights BEIJING, SHANGHAI

☆ More China companies buyback shares as Beijing seeks to stabilise market
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Oct 30 (Reuters) - More than 30 Chinese listed companies unveiled share buyback and purchase plans over the weekend while major mutual fund house E Fund Management Co said it would invest in its own product as Beijing steps up efforts to put a floor under a sliding stock market. China has already announced a slew of measures, including share purchases by state fund Central Huijin, to stem declines in a stock market (.CSI300) that last week hit the lowest level since 2019. Amid government calls to revive the market, more than 20 listed companies, including Hainan Mining Co (601969.SS), Vatti Corp (002035.SZ) and Zhejiang Sanmei Chemical (603379.SS), unveiled share buyback plans or proposals late on Sunday. In addition, companies such as CRRC Corp (601766.SS) and Wuxi Lead Intelligent Equipment (300450.SZ) disclosed share purchase plans by their controlling shareholders. ($1 = 7.3145 Chinese yuan renminbi)Reporting by Samuel Shen and Tom Westbrook; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Samuel Shen, Tom Westbrook, Lincoln Organizations: E Fund Management, Central, Hainan Mining Co, Vatti Corp, Chemical, CRRC, E, CSI, Huijin, Shanghai Securities, Thomson Locations: SHANGHAI, Beijing, China, Hainan, Zhejiang, Wuxi

REUTERS/Claro Cortes/File Photo Acquire Licensing RightsLONDON, Oct 30 (Reuters) - China's imports of tin concentrates collapsed in September, reflecting the suspension of mining activity in the semi-autonomous Wa state in neighbouring Myanmar. China's imports of tin concentrates from Myanmar and other sourcesIMPORT SLUMPChina imported 7,300 metric tons of tin concentrates in September, which was the lowest monthly count since February 2019. Imports from Myanmar slumped to just 1,421 metric tons after a mini surge over July and August ahead of the mining ban. The Myanmar ban has to date had little impact on either China's production of refined tin or the tin price. The boom in tin usage for home electronics during lockdown in 2020-2021 has given way to a prolonged downturn.

Persons: Claro, that's, Jan Harvey Organizations: REUTERS, United Wa State Army, Democratic, London Metal Exchange, International Tin Association, Reuters, Thomson Locations: Shanghai, Claro Cortes, Wa, Myanmar, China, Tanintharyi, Democratic Republic of Congo, Bolivia, Brazil, Russia

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING/SHANGHAI, Oct 30 (Reuters) - China will send Wu Zhaohui, a Vice Minister of Science and Technology, to a global summit on artificial intelligence this week in Britain, two sources familiar with the matter said. Former Prime Minister Tony Blair visited Beijing earlier this month and met Chinese Foreign Minister Wang Yi, as Beijing seeks to boost ties with the Labour party ahead of a general election likely next year. China's science ministry and foreign ministry, as well as the Chinese Academy of Sciences, did not respond immediately to faxed requests for comment. Wu was appointed to his role in the science ministry in December 2022. Like many countries around the world, China has been caught up in a global craze over generative AI following the popularity of OpenAI's ChatGPT last year.

Persons: Dado Ruvic, Wu Zhaohui, James, Boris Johnson, Tony Blair, Wang Yi, Wu, Xi Jinping, OpenAI's ChatGPT, Laurie Chen, Brenda Goh, Miral Organizations: REUTERS, Rights, Science, Technology, Labour, Chinese Academy of Sciences, HK, Foreign, Commonwealth, Development, Thomson Locations: Rights BEIJING, SHANGHAI, China, Britain, Beijing, British, London, Hong Kong, United States, Shanghai

☆ Billionaire hedge fund boss Ken Griffin pays for 1,200 staff and family members to visit Disney Tokyo and hear performances by Maroon 5 and Calvin Harris
▼ + stars: | 2023-10-30 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Citadel's Ken Griffin treated roughly 1,200 staffers and family members to a visit to Tokyo Disneyland. The event, honoring Citadel's 30th anniversary and Citadel Securities' 20th, also included a Maroon 5 concert. Griffin, worth $35.4 billion, treated staff to a Disney World trip and Coldplay concert last year. AdvertisementAdvertisementHedge fund boss Ken Griffin paid for more than 1,000 Citadel and Citadel Securities employees and family members to go to Disney in Tokyo last week in honor of the companies' recent anniversaries. The roughly 1,200 attendees, including about 300 children, received tickets to Walt Disney World Tokyo, including Tokyo Disneyland and DisneySea, and saw musical performances by Maroon 5 and Calvin Harris, the company told Insider.

Persons: Citadel's Ken Griffin, Citadel's, Griffin, —, Ken Griffin, Maroon, Calvin Harris, We've, Coldplay Organizations: Citadel Securities, Disney, Coldplay, Service, Citadel, Walt Disney World, Bloomberg, Disney World, Universal Studios Locations: Tokyo, Asia Pacific, Hong Kong, Singapore, Sydney, Shanghai, Canada, Europe, Asia

☆ Chinese consumer stocks that analysts like for their global potential
▼ + stars: | 2023-10-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"We expect Miniso to report another strong quarter in 1QFY24," Jefferies analysts wrote in an Oct. 24 report. Xiaomi shares are up more than 20% so far this year despite a more than 10% slump in the broader Hong Kong stock market. "We believe good shipment momentum and resilient margins could support a strong 3Q23," the Morgan Stanley report said. The analysts have an overweight rating on Xiaomi shares with a 15 Hong Kong dollar price target — up 11% from Friday's close. Shares of Transsion, not covered in the Morgan Stanley report, are up nearly 70% so far this year.

Persons: Miniso, Jefferies, Xiaomi, Morgan Stanley, Canalys, Morgan, Andre Chang, Chang, —, JD.com —, — CNBC's Michael Bloom Organizations: Hong Kong Locations: 1QFY24, China, New York, Hong Kong, Canalys, Friday's, Shanghai, Shenzhen, Africa, India, Morgan China

☆ Flights in China to increase 34% above pre-pandemic levels
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Edgar Su/File Photo Acquire Licensing RightsBEIJING, Oct 28 (Reuters) - China's aviation regulator said it will increase domestic flights to 34% above pre-pandemic levels, a move that will further boost the recovery of Chinese airlines. There will be 96,651 domestic flights a week, or 34% higher than the same period four years ago, with 7,202 new weekly flights brought on by the opening of 516 new domestic routes. The increase in domestic flights focuses on connections between regional and hub airports like Shanghai, Beijing and Guangzhou, the regulator said. In the next five months there will be 16,680 weekly flights, with passenger flights expected to reach 71% of the total four years ago. Flights to and from 22 countries, including Britain and Italy, have neared or overtaken pre-pandemic levels, the regulator said.

Persons: Edgar Su, Eduardo Baptista, William Mallard Organizations: REUTERS, Rights, Civil Aviation Administration, CAAC, Thomson Locations: Air China, Beijing, China, Rights BEIJING, Shanghai, Guangzhou, Britain, Italy, United States

☆ Elon Musk appears to have given up on trying to camouflage his private-jet travels with an FAA program used by Jeff Bezos and Taylor Swift
▼ + stars: | 2023-10-28 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +6 min

Last year, Elon Musk stopped using an FAA program allowing jet owners to fly incognito, JetSpy said. REUTERS/Aly SongThe FAA launched the PIA program in 2019 and has issued 390 alternate ID codes since the program began, an FAA spokesperson told Insider. Musk used his first alternate ID through the PIA program about a month later. The incognito registration number also doesn't prevent Sweeney from tracking the private jet via ADS-B Exchange, a public flight-tracking database. AdvertisementAdvertisement"The PIA program limits the ability to identify an aircraft in real-time using inexpensive, commercially available receivers," an FAA spokesperson told Insider.

Persons: Elon Musk, JetSpy, Musk, —, hasn't, Jack Sweeney, Sweeney, he's, LADD, it's, Elon, Aly Song, Forbes, Jeff Bezos, Taylor Swift, Christian Renneissen, Collins Organizations: FAA, Service, Twitter, Federal Aviation Administration, PIA, University of Central Florida, Gulfstream, Elon Locations: California, Texas, SpaceX's, Brownsville, Hawthorne, Shanghai, Rome

☆ Inflation to dog world economy next year, postponing rate cuts: Reuters poll
▼ + stars: | 2023-10-27 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Despite broad success in bringing inflation down from its highs - the easier bit - prices are still rising faster than most central banks would prefer and hitting their inflation targets is likely to be tough. The Reserve Bank of New Zealand, which often leads the interest rate cycle, was also forecast to wait until July-September 2024 before cutting. The majority backing no cuts until the second half of 2024 has also grown stronger for the Reserve Bank of Australia, Bank Indonesia and the Reserve Bank of India. Even the Bank of Japan, the outlier sticking to ultra-loose policy through this entire round of inflation, is now expected to abandon negative interest rates next year. Crucially, most economists agree the first easing steps will not be the beginning of a rapid series of cuts.

Persons: Sarah Silbiger, Christine Lagarde, Douglas Porter, it's, Nathan Sheets, Hari Kishan, Ross Finley, Tomasz Janowski Organizations: El Progreso Market, Washington , D.C, REUTERS, Reuters, U.S . Federal Reserve, European Central Bank, ECB, Fed, BMO, Reserve Bank of New, Reserve Bank of Australia, Bank, Reserve Bank of India, Bank of Japan, Citi, Thomson Locations: Mount Pleasant, Washington ,, BENGALURU, Reserve Bank of New Zealand, Bank Indonesia, Bengaluru, Buenos Aires, Cairo, Istanbul, Johannesburg, London, Shanghai, Tokyo

☆ CNBC Daily Open: Is trouble on the horizon?
▼ + stars: | 2023-10-27 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Seattle-based online retail giant reported third-quarter earnings and revenue that sailed past analysts' estimates. Its ad business recorded $12.06 billion in revenue during the third quarter, marking a 26% jump from the year-earlier period. Cost cuttingIntel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as overall revenue declined.

Persons: Andy Jassy, axing, Li Keqiang, Li Organizations: CNBC, Nasdaq, Dow Jones, Web Services, Ford, United Auto Workers union, Intel Locations: Asia, Pacific, Seattle, North America, Shanghai

☆ Li Keqiang: China’s former Premier dead at 68 according to state media
▼ + stars: | 2023-10-27 | by ( Simone Mccarthy | Steven Jiang | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Former Chinese Premier Li Keqiang, once seen as a reform-minded contender to the country’s top leadership role, died of a sudden heart attack early Friday in Shanghai, state media reported. 2 leader until late last year, served as the country’s premier – traditionally in charge of the economy – for a decade from 2013 to March this year under strongman leader Xi Jinping. Under Hu, Li was named to the party’s top central leadership body the Politburo Standing Committee in 2007. Then 67, Li was one year short of the unofficial retirement age for senior Chinese Communist Party leaders. He was succeeded as premier earlier this year by former Shanghai party chief and Xi loyalist Li Qiang.

Persons: Hong Kong CNN —, Li Keqiang, Li, Xi Jinping, ” Li, “, Xi, Xi’s, Hu Jintao, Hu, nodded, Mao Zedong, China’s princelings, Li Qiang Organizations: Hong Kong CNN, Hong Kong CNN — Former, Peking University, Communist Party’s Youth League, Communist Party Congress, Dongling, Brigade, Communist Youth League Central Committee, Communist Party, party’s, Chinese Communist Party Locations: Hong Kong, Shanghai, United States, China, Liaoning, Henan, Anhui

☆ China's former premier Li Keqiang has died, state media reports
▼ + stars: | 2023-10-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

China's Premier Li Keqiang waves as leaving the annual news conference following the closing session of the National People's Congress at the Great Hall of the People on March 16, 2016 in Beijing, China. China's former premier Li Keqiang died just past midnight after suffering a heart attack while in Shanghai, Chinese state broadcaster CCTV reported Friday. That sometimes put Li at odds with Hu's successor, Chinese President Xi Jinping. Li also inspired the unofficial "Li Keqiang Index," which uses electricity consumption, rail cargo and bank lending as a proxy on the economy. While premier, Li pushed for promoting trade cooperation between China and other countries, as well as removing restrictions on the flow of people and goods within China.

Persons: Li, Li Keqiang, Hu Jintao, Xi Jinping, Xi, Li Qiang Organizations: National People's, of, State, Communist Party Locations: Beijing, China, Shanghai

☆ Tesla raises price of high-performance Model Y in China by 14,000 yuan
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: 1 min

Visitors check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker's showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/FIle Photo Acquire Licensing RightsCompanies Tesla Inc FollowBEIJING, Oct 27 (Reuters) - Tesla Inc has increased the price for its Model Y high-performance version SUV in China by 14,000 yuan ($1,913.88) from Friday, it said on a social media notice. ($1 = 7.3150 Chinese yuan renminbi)(This story has been corrected to say SUV, not sedan, in paragraph 1)Reporting by Shanghai newsroom and Liz Lee Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, Liz Lee, Shri Navaratnam Organizations: REUTERS, Inc, BEIJING, Tesla Inc, Shanghai, Thomson Locations: China, Beijing

[1/3] China's Premier Li Keqiang waves as he arrives for a news conference after the closing ceremony of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. Li was premier and head of China's cabinet under Xi for a decade until stepping down from all political positions in March. Adam Ni, an independent China political analyst, described Li as "a premier who stood powerless as China took a sharp turn away from reform and opening". A glowing 2014 state media profile of Li, praising him as "a calm and tough wall-breaker", went viral shortly after his death was announced. Li's frequent visits to disaster sites and his easy camaraderie when speaking to ordinary people were also highlighted on Chinese state media.

Persons: Li, Damir Sagolj, Li Keqiang, Xi Jinping, Xi, Deng Xiaoping, Alfred Wu, Lee, Zhu Rongji, Wen Jiabao, Wu, Adam Ni, Jiang Zemin, Deng, Li Yining, Hu Jintao, Cheng Hong, Laurie Chen, Tian, William Mallard Organizations: People's Congress, of, People, REUTERS, Rights, Communist Party, CCTV, Weibo, Australian National University, Lee Kuan Yew, of Public Policy, Peking University, Communist Party's Youth League, Youth League, Shanghai, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai, Singapore, Social, Anhui, Henan, Liaoning

REUTERS/Ilya Naymushin - S1AETWEXAZAA Acquire Licensing RightsLONDON, Oct 27 (Reuters) - China's exports of refined lead hit a 15-month high in September with year-to-date shipments already exceeding last year's total. China's net trade in refined leadEXPORTS ACCELERATEChina exported 35,400 metric tons of refined lead in September, which was the highest monthly tally since June of last year. LME lead three-month price, cash-3s spread and stocksLME STOCKS REBUILDThe relocation of stocks from China to the West has seen LME stocks rebuild from their depleted year-start levels. Headline stocks of 125,225 metric tons are up by 100,075 metric tons on January and are the highest they've been in almost three years. The LME stocks rebuild has been driven by repeated bouts of tightness across the front part of the forward curve in recent months.

Persons: Ilya Naymushin, Sharon Singleton Organizations: REUTERS, London Metal Exchange, Shanghai Futures Exchange, Shanghai, Reuters, Thomson Locations: Novoangarsk, Russia, China, Shanghai, Europe, Stolberg, Germany, Taiwan, South Korea, Thursday's, London

HONG KONG (AP) — Asian shares advanced Friday after the latest tumble on Wall Street, where the S&P 500 fell to its lowest level in five months. But investors are more concerned about what will happen rather than what has passed, and worry that a solid economy could continue to push prices higher. That could push the Fed to keep rates high for a long time to curb inflation. Higher interest rates could mean eventual weakness for the economy and corporate profits. And high bond yields make investors less willing to pay high prices for stocks and other investments.

Persons: Australia’s, Taiex, haven’t, Wall, Brent Organizations: Nikkei, Statistics, Big Tech, Nasdaq, Dow Jones, Facebook, Treasury, Federal Reserve, New York Mercantile Exchange Locations: HONG KONG, Gaza, Tokyo, Hong Kong, Shanghai, Seoul, Israel, U.S

☆ Huawei's surprise 5G smartphone helped it grow quicker than Apple in China
▼ + stars: | 2023-10-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

CFOTO | Future Publishing | Getty ImagesHuawei was the fastest-growing smartphone maker in China in the third quarter after the company released a smartphone with a surprisingly advanced chip inside. That growth is propelling Huawei to being within touching distance of the top five smartphone makers by market share in China once more. It commanded a 12.9% market share in the quarter, up from 9.1% in the same period last year. Sales of Honor, the largest smartphone maker by market share, rose just 3% year on year. The market research firm did not provide the number of units that were sold per company.

Organizations: Getty, Huawei, Counterpoint Research, Apple, Research, Kirin, 5G Locations: Shanghai, China, Shenzhen

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