China March services activity accelerates on new orders – Caixin PMI

BEIJING (Reuters) – China’s services activity in March revved up at the quickest pace in 2-1/2 years on robust new orders and job creation and a consumption-led post-COVID recovery, a private-sector survey showed on Thursday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.8 in March from 55.0 in February, the third consecutive …

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Indian refiners’ February crude processing stays elevated amid robust demand

(Reuters) -Indian refiners’ crude oil processing remained near record levels in February, provisional government data showed on Wednesday, catering to rising demand in the world’s third biggest oil importer and consumer. Refinery throughput was 2% higher year-on-year at 5.46 million barrels per day (20.85 million tonnes) for February. Throughput stood at 5.39 million barrels per …

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China blasts meeting between Taiwan leader and US House speaker

BEIJING (Reuters) – China’s foreign ministry on Thursday condemned a meeting in California between Taiwan’s leader and the U.S. House Speaker as “acts of collusion” and said it would defend its sovereignty, according to the Xinhua news agency. “China firmly opposes and strongly condemns the acts,” China’s foreign ministry spokesperson said, according to the official …

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China to inspect ships in Taiwan Strait, Taiwan says won’t cooperate

BEIJING (Reuters) – China’s Fujian maritime safety administration launched a three-day special joint patrol and inspection operation in the central and northern parts of the Taiwan Strait that includes moves to board ships, it said on its WeChat account. The move comes amid heightened tensions between China and Taiwan, with U.S. House Speaker Kevin McCarthy …

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