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Finance & Markets

China’s Huachen Energy Seeks Another Six-Year Extension on Bonds

Huachen Energy Co. is looking to push back the maturity of its outstanding bonds by another six years, according to people familiar with the matter, as an earlier extension deal is set to expire in December.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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KOSPI Up 1.40% Wednesday

[Economy] : The benchmark Korea Composite Stock Price Index went up 97-point-12 points, or one-point-four percent, on Wednesday to close at seven-thousand-51-point-64.

Rising Oil Prices Threaten China’s Independent Refiners

Chinese independent refiners may be about to start reducing their processing rates as international oil prices rise and supply from major exporters such as Venezuela and Iran dries up as a result of…

  • Chinese independent refiners face production cuts due to rising oil prices.
  • U.S. foreign policy impacts Venezuelan and Iranian crude supplies.
  • August imports 23.4% lower than August 2022, still 6.2% higher than July.

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