January, 2023

• 17 January

  European gas falls to 16-month low on strong supply outlook

  

  Bloomberg Natural gas prices in Europe dropped to the lowest level since September 2021 as the supply outlook got a boost with full stockpiles in China forcing buyers to send LNG cargoes to the continent. Benchmark futures fell as much as 15% on Monday, taking the decline so far this year to 27%. Chinese importers are trying to divert February ...

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• 17 January

  US online prices drop a fourth month

    Bloomberg The costs of goods sold online in the US dropped in December 2022 as holiday discounting drove prices down on an annual basis, according to data collected by Adobe Inc. Online prices decreased 1.6% year-over-year, marking a fourth consecutive decline. Half of the 18 categories tracked experienced falling prices, especially in computers, appliances and toys that saw deep ...

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• 17 January

  Wind turbines are big enough for now, says Vestas CEO

  

    Bloomberg Wind turbines are big enough for now and the challenge over the next decade will be expanding output to meet green goals around the world, the world’s top producer said. Vestas Wind Systems A/S — which in 2021 announced a 15-megawatt offshore turbine that at the time was the world’s largest — currently doesn’t plan to make them ...

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• 17 January

  China boost for flagging world economy as reopening starts

  

    Bloomberg China’s sudden reopening is set to offer a boost to a flagging world economy. The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic. Tourism-reliant nations in Southeast Asia will likely be among the first to note ...

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• 17 January

  China bad-debt firms plan property support of up to $24 billion

  

    Bloomberg Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the first quarter, according to people familiar with the matter. Under the plan first announced on Friday with little details, the People’s Bank of China will channel 80 billion yuan ...

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• 17 January

  Taiwan remains semiconductor leader as chip exports rise again

  

    Bloomberg Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains. Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — rose 18.4% from a year earlier, ...

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• 17 January

  Marcos sees Philippine inflation easing

    Bloomberg Philippine President Ferdinand Marcos Jr. said he sees inflation that’s at a 14-year high easing as the government aims to boost agricultural output. “Inflation is high, so we’ll have to bring that down for the rest of the year, and I think it will,” Marcos said, according to a transcript of his media interview in Davos on Sunday. ...

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• 17 January

  Didi wins okay to relaunch apps as China tech crackdown ebbs

  

    Bloomberg Didi Global Inc. has secured the green light to resume signing up new users, suggesting the worst is over for a ride-hailing giant that symbolized Beijing’s bruising campaign to rein in its powerful internet industry. The widely anticipated decision is one of the clearest signs yet that Xi Jinping’s administration, keen to jumpstart an economy that’s sagged under ...

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• 17 January

  Japan looks beyond US alliance for help to deter China military

  

  Bloomberg Japanese Prime Minister Fumio Kishida is looking beyond his country’s alliance with the US to deter China, bolstering security ties with democracies from Australia to Europe. On his tour of Group of Seven countries last week, which came after the biggest overhaul of Japan’s security policy since World War II, Kishida told French President Emmanuel Macron that the security ...

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• 17 January

  Japan, India hold first joint air drill as China concerns grow

  

    Bloomberg Japan and India held their first joint air drills in an area outside of Tokyo as both countries step up military exercises with other countries amid worries about China’s assertiveness. About four F-2 and four F-15 fighters are expected to take part in the drills that started Monday and will run through around Jan. 26 at an airbase ...

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