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Copper prices climbed to a fresh record high on Monday, supported by speculative buying and following news of a zero-fee processing deal involving a Chinese smelter, which underscored mine disruptions and the risk of supply shortages. Benchmark three-month copper on the London Metal Exchange (LME) rose 0.6% to $11,955 per metric ton by 11:00 GMT, after touching a record high of $11,996. Copper on the LME has surged about 36% so far this year, driven largely by concerns over mine-related issues that could lead to a supply deficit next year. Those supply concerns were reinforced on Friday,…
Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for a whopping HK$2.2 billion (US$283 million).The two three-storey units at 6 Deep Water Bay Road had saleable areas of about 9,600 sq ft and 5,300 sq ft, with the transactions set to be completed in the first quarter of 2026, the developer said. Both units were acquired by the same buyer.On a per square foot basis, the deal works out to HK$147,010, “one of the highest achieved in recent years for luxury residential properties in Hong Kong”, according to…
A Chinese combat robot tore through the competition at the Games of the Future Abu Dhabi 2025 on Sunday, sealing the Battle of the Robots title in a shower of sparks after slamming its rival into the glass wall of the arena.The robot, dubbed Deep-Sea Shark 3, was built by a China-based student team calling itself Fierce Roc, which was crowned champion, according to organisers.The contest was staged as part of a multi-sport festival of so-called “phygital” games – sport that blends real-world competition with digital or esports-style components – running from December 17-23.Fierce Roc reached the final after a…
Soybean prices on the Chicago Board of Trade edged slightly higher on Monday, as the market caught its breath after last week’s losses that pushed prices to their weakest levels since late October, amid uncertainty over demand from China, the world’s largest importer. Wheat continued to post additional gains, supported by buying on dips, although abundant global supplies are likely to cap prices. A Singapore-based trader said: “Chinese buying was largely driven by the US-China trade agreement. Chinese demand for imported soybeans remains limited due to ample supplies in the domestic market.” Uncertainty over when China will fulfill…
All eyes are on how Beijing’s “Chinese dream” of eventual Taiwan reunification will unfold at a time when the leader of the United States – Taipei’s top international backer – appears less likely to intervene in case of a cross-strait conflict. In the first of a three-part series, Amber Wang looks at how recent moves signal a recalibration of Beijing’s Taiwan policy – outlining post-unity governance visions, ramping up messaging to the island’s public and scaling back military intimidation.Orbiting high above the Earth, Jilin-1, a commercial satellite operated by a mainland Chinese company, recently captured crystal-clear images of Taiwan’s streets,…
The Federal Communications Commission said on Monday it is adding China’s DJI, Autel and all foreign-made drones and components to a list of companies determined to pose unacceptable risks to US national security and will bar approvals of new types of drones for import or sale in the United States.The addition to the FCC’s “Covered List” means that going forward, DJI, Autel and other foreign drone companies will not be able to obtain FCC approval to sell new models of drones or critical components in the United States, which is required.The move is a significant escalation in Washington’s battles to…
Weeks after US immigration authorities arrested and separated 6-year-old Yuanxin from his father, Fei Zheng, during a routine immigration check-in in New York, the Department of Homeland Security confirmed that the pair had been deported to China.“We are happy to report we were able to remove the family back to their home country on December 17, 2025,” DHS Assistant Secretary Tricia McLaughlin said in a statement to the South China Morning Post.Jennie Spector, a volunteer and community activist who spoke to Zheng just two days before his deportation, accused immigration authorities of using the child’s separation as a tactic to…
Two senior Democratic lawmakers on Monday asked the US Commerce Department to disclose details and any approvals of continuing licence reviews for potential sales to Chinese firms of Nvidia’s second-most powerful AI chips.US President Donald Trump this month said he would allow sales of Nvidia’s (NVDA.O) H200 chips to China, with the US government collecting a 25 per cent fee, and that the sales would help keep US firms ahead of Chinese chipmakers by cutting demand for Chinese chips.Senator Elizabeth Warren and Congressman Gregory Meeks in a letter asked the Commerce Department to disclose all licence applications for H200 chips…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 was up Monday to kick off the holiday-shortened trading week. The market was buoyed by strength in AI names like Club holding Nvidia . The stock advanced after Reuters reported that the company is looking to start shipping its H200 chips in China by mid-February. Fellow chipmaker Broadcom edged higher, too. This follows a winning week for Wall Street as the S & P 500…
A bleak year for the US dollar is drawing to a close with signs of stabilization, but many investors believe the currency’s decline will resume next year as global growth improves and the Federal Reserve moves further toward monetary easing. The US dollar has fallen by about 9% this year against a basket of currencies (DXY), heading for its worst annual performance in eight years. The decline has been driven by expectations of interest rate cuts by the Federal Reserve, narrowing interest rate differentials with other major currencies, as well as rising concerns over US fiscal deficits and political…