BEIJING (Reuters) - China’s factory gate prices rose in annual terms in January for the first time in 12 months and at the fastest rate since May 2019, official data showed on Wednesday, suggesting gathering growth momentum for the world’s second-largest economy.
The outlook for world production of natural rubber (NR) is estimated to decline by 7.7%, year-on-year, to 12.782 million tonnes for 2020. The improved outlook for 2020 compared to the previous outlook published in last issue, is resulted from a better-than-expected production estimated from Thailand, India and Cambodia during the year. While the world demand for NR clocked at 12.827 million tonnes during 2020, contracted at 6.9%, year-on-year.
(Reuters) - Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while Bitcoin paused for breath after an overnight endorsement from Tesla Inc sent the cryptocurrency up 20%.
TOKYO (Reuters) - The dollar languished near its lowest in a week on Tuesday as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery in the United States than elsewhere.
SINGAPORE (Reuters) - Oil prices edged up on Tuesday to their highest in 13 months as supply cuts by major producers and optimism over fuel demand recovery support energy markets.
SYDNEY (Reuters) - Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.
