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...Corporate results: Chinese tech company Meituan, Zijin Mining Group, property developer Longfor and China Petroleum and Chemical (Sinopec) announce results....
...China has long been the largest market for Japan’s robot companies....
...The Wolfsburg-based group was one of the first western companies to enter China in the late 1970s and makes roughly half of its profits in the country....
...The stake increase is the latest twist in a long-running saga that has pitted Tronchetti Provera against China’s communist party and state-owned chemicals giant Sinochem....
...Since last week, dozens of mainland-listed companies, mostly state-owned companies such as China Petroleum & Chemical Corp and China Railway Construction Corp, have announced share buyback plans, adding...
...The Houston-based company is also active in chemicals through a stake in CPChem, which it owns with Chevron....
...Meanwhile, the global aviation industry is exploring the use of hydrogen to replace petroleum-based aviation fuels and in fuel cell technologies that transform hydrogen into electricity....
...China Petroleum & Chemical Co, China Railway Construction Co and China Mobile all said in stock exchange filings on Monday that they had bought back shares or had plans to do so....
...China’s surging petrochemicals consumption continues to drive oil demand....
...Ian Hansen, head of the chemicals division of Perth-based retail-to-chemicals conglomerate Wesfarmers, which has partnered with SQM on lithium assets, said the recent flurry of activity represented a “growing...
...China hawks in the US Congress question the logic of banning the transfer of certain tools but selling the chemicals needed to operate them....
...These include US chemicals group Albemarle. The world’s leading lithium producer is closing in on an all-cash deal for Australia’s Liontown Resources....
...One of his first big decisions was to walk away from a $50bn-plus takeover battle with rival Occidental Petroleum for Anadarko Petroleum....
...In May 2018, three years after ChemChina’s $7.7bn takeover of Italy’s Pirelli, the chemicals group’s founder and chair Ren Jianxin celebrated the companies’ “wonderful marriage” as he hosted the tyremaker...
...Just ask China or consider homegrown food delivery app Deliveroo, languishing at one-third of its IPO price....
...The company’s new English-speaking chair Frank Ning was widely admired by both foreign and domestic business people in China but retired last year and was replaced by petroleum engineer Li Fanrong....
...It is a leading provider of so-called photoresists — specialist chemicals used for printing circuit designs on chip wafers — to chipmakers such as Samsung Electronics, Taiwan Semiconductor Manufacturing...
...CPI levels in the US, the eurozone, Japan and China are also coming down after soaring during 2021 and 2022....
...PetroChina, part of the state-owned China National Petroleum Corporation, and chemicals group Sinochem “have been on the hunt” for staff to set up desks in London, say the people....
...“Not only are we going back to pre-Fukushima levels, we are exceeding it,” he added, referring to the pace of nuclear developments globally led by China....
...Russia, China, Iran and Venezuela could even use western states’ attempts at countering disinformation as a pretext to justify their own draconian censorship and control of the internet....
...How the ‘dumbest deal in history’ actually paid off When Occidental Petroleum boss Vicki Hollub orchestrated a $10bn financing deal with Warren Buffett to buy Anadarko Petroleum in April 2019, it flabbergasted...
...The company, formally known as China Petroleum & Chemical Corporation, on Sunday posted profits of Rmb66.3bn ($9.6bn) for 2022, down from Rmb71.2bn reported in 2021 and below expectations....
...In 2015, a previous Chinese state-owned chemicals group had bought a majority stake in Pirelli, considered a crown jewel of Italian industry, for $7.7bn....
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