• China’s Fuel Exports Surge as Beijing Eases Restrictions, Pressuring Asian Refiners

    With more fuel cargoes coming into the regional market, China’s move to near-normal levels of fuel exports is putting pressure on refining margins in Asia. The transfer comes after Beijing decided to lift export restrictions in March that had prevented more refiners from shipping overseas for more than three months.According to Bloomberg, citing people familiar with the matter, Chinese authorities have granted additional export permits this month, with at least three refiners authorized to ship fuel overseas.China’s exports of gasoline, diesel and jet fuel are expected to total about 3 million metric tons in July, including bonded cargoes destined for…

Business

  • SIA Engineering Q1 net profit down 6.1% to S$40.3 million

    The group posts lower profits from associated and JV companies, and engine and component segment [SINGAPORE] Aircraft maintenance provider SIA Engineering Company on Thursday (Jul 23) reported a net profit of S$40.3 million for the first quarter ended Jun 30, down 6.1 per cent from a year ago. The group’s…

Lifestyle

  • Don’t let RFK Jr distract from the big health threat: Sugar

    It’s not the food dye in Froot Loops that Americans should fear; it’s the more than 66 pounds of sugar they consume a year ARE there “toxic chemicals” in food killing Americans? That fear is getting lots of attention thanks to Robert F Kennedy Jr, president-elect Donald Trump’s pick to…

National

  • US Import Prices Rise 0.3% as China Goods Hit 18-Year High

    US import prices rose 0.3% in June, the Bureau of Labor Statistics said Friday, defying economist forecasts for a 0.8% decline. Prices for goods imported from China climbed 0.9% during the month, the sharpest monthly increase since January 2008. The increase pushed the annual import price gain to 7.1%, the…

World

Culture

  • Upset Taylor Swift says she was told Ticketmaster could handle demand

    POP superstar Taylor Swift said on Friday it was “excruciating” for her to watch fans struggle to secure tickets for her upcoming U.S. tour after she had been assured that Ticketmaster could handle large demand. The New York Times reported that the US Justice Department was investigating whether Ticketmaster parent…

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