Wednesday, February 26, 2020
Asia Pacific

Asia Pacific

China Overtakes Japan As World’s Top Natural Gas Importer

China has recently overtaken Japan to become the world’s biggest importer of natural gas and will likely keep that crown as pipeline and liquefied natural gas (LNG) infrastructure grow, according to an analysis by S&P Global Platts. In the first...

Trump Urges Apple To Make Products In America To Avoid China Tariffs

US President Trump tweeted on Saturday that Apple Inc. should make products inside the United States if it wants to avoid tariffs on Chinese imports. The company told trade officials in a letter on Friday that the proposed tariffs would...

China Warns of Retaliation If U.S. Slaps New Tariffs

China will be forced to retaliate if the United States implements any new tariff measures, China’s commerce ministry warned on Thursday, as the world’s two biggest economies remain locked in an intensifying trade war. Global markets were on edge...

Presidency Seeks China’s Help on Mambilla Power Project

President Muhammadu Buhari on Wednesday sought support from the Chinese government for the speedy completion of the Mambilla power project in Taraba state. In November 2017, the federal government and Chinese contractors signed a N2.1 trillion (about $5.792 billion) contract...

Nigeria Has Gained Over $5bn Projects From China – President Buhari

President Muhammadu Buhari revealed on Tuesday that the country had gained from China the execution of infrastructure projects worth $5bn across the country. The President said under the partnership with China through the Forum on China-Africa Cooperation, the projects had...

Oil Prices Drop As US-China Trade War Deepens

International oil prices slipped on Thursday, weighed down by the escalating trade dispute between the US and China, although a decline in US commercial crude inventories offered some support. International benchmark Brent crude oil futures were at $74.63 per barrel...

Iranian Government Offers Discount Oil To Asia

  Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday. According to Arab News, the “informed source” in Iran’s oil ministry did...

83 CONTAINERS FELL OFF A CHINESE-LIBERIAN FLAGGED VESSEL NEAR AUSTRALIA

A Yang Ming Containership While battling heavy swells off the east coast of Australia, a Yang Ming containership has lost more than 80 containers to the turbulent sea. The ship which is Liberian flagged known as Y M Efficiency was...

US WARSHIPS PROVOKED CHINA BY SAILING NEAR SOUTH CHINA SEA

USS Antietam CG 54 Chinese Government in Beijing has cried out over a perceived invasion by the United States of America warships. They are sounding an alarmed over two US warships in presence in the South China Sea which China...

DANGER IN THE SEA AS RUSSIA FIRST FLOATING NUCLEAR PLANT ARRIVES ARTIC

  The Lomonosov at St. Petersburg Port Russia calls it the “The Academy Lomonosov the world first mobile nuclear power plant. However, green peace environmental protectionist calls it the “Nuclear Titanic” the mobile nuclear plant is said to have arrived the...

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CBN Says Atleast $91 Billion Entered Nigeria In 2017

  The Central Bank of Nigeria (CBN), said the aggregate foreign exchange inflow into the country stood at $91 billion in 2017, a record compared...

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