No Picture
Trading Ideas

Caixin China Manufacturing PMI Rises to 51.8 in November

Dec.01 — Peiqian Liu, China economist at Natwest Markets, talks about the outlook for the economy, policies, and the trade war with the U.S. China’s November manufacturing purchasing managers’ index rose to 51.8 from 51.7 in October, a report from Caixin Media and IHS Markit shows. Liu speaks with Tom Mackenzie and David Ingles on “Bloomberg Markets: China Open.” …read more […]

No Picture
Trading Ideas

A beginners guide to making Drunken Pigeon

Chef Daniel Calvert from Belon restaurant shows us how to make his speciality, Drunken Pigeon, a delicious French take on the Chinese classic – Shanghainese drunken chicken.

Like your cooking? Head over to https://www.scmp.com/cooking for all our latest recipes. …read more […]

No Picture
Trading Ideas

Oil jumps on Chinese factory growth, hopes for deeper OPEC cuts

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. West Texas Intermediate (WTI) futures rose $86 or 1.6%, to $56.03 a barrel, having risen by more than $1 earlier. Prices fell on concerns that talks to end the trade war between the United States and China, the world’s two biggest oil users, would be disrupted by U.S. support for protesters in Hong Kong. …read more […]

No Picture
Trading Ideas

China's November factory activity unexpectedly expands at quickest pace in almost three years: Caixin PMI

China’s factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) index rose to 51.8 in November from 51.7 in the previous month. Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, noted both domestic and overseas demand rose in November. …read more […]

No Picture
Trading Ideas

Palm Oil’s Scorching Rally About to Burn Its Top Customer

(Bloomberg) — Palm oil’s meteoric rally in the past few weeks will almost certainly come with a cost — shrinking sales to its largest customer.India, the world’s biggest buyer, will shift some purchases to other edible oils this winter after palm’s surge of about 30% from last month’s low. Palm’s discount to top rival soybean oil has contracted to the smallest in almost a decade, reducing its traditional appeal as a cheaper vegetable oil.“Higher prices are a deterrent for buyers,” said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental. “The Indian market was flush with oil before …read more […]