-- Jiangling Motors (SHE:000550, SHE:200550) sold 34,948 vehicles in April, up 15% from 30,499 vehicles a year earlier, according to a Friday filing with the Shenzhen bourse.
Production volume rose 6.1% to 33,464 units from 31,542 units.
Shares of the automobile company were down 4% in recent trade.
Malaysia will not export crude oil to ASEAN countries as it continues to import about 400,000 barrels per day, The Star reported Thursday, citing Investment, Trade and Industry Minister Johari Abdul Ghani.He said the country is still a net oil importer despite being an oil producer. However, Malaysia remains a net exporter of liquefied natural gas (LNG), which helps balance the overall energy situation. He added that LNG surpluses are partly offsetting the crude oil deficit.Johari also said the government is keeping RON95 petrol price unchanged at 1.99 ringgit per liter. He noted that while global tensions in the Middle East have some impact, the situation remains under control, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Xinjiang Tianye (SHA:600075) plans to acquire Xinjiang Tianfu Xinyue Energy's four subsidiaries, according to a Friday disclosure on the Shanghai bourse.The seller, Xinjiang Tianfu Xinyue Energy, is a subsidiary of the company's controlling shareholder.The subsidiaries for acquisition are Jinghe County Jingyi Mining, Tianbo Chenye Mining, Turpan Tianye Mining Development and Xinjiang Tianye Group Mining.The final acquisition plan is still being discussed.The chemical product manufacturer's shares rose 2% during the afternoon trade.
Britain's average house prices ticked down 0.1% month over month in April, after a 0.5% decline in March, according to data from Halifax published Friday.Analysts expected zero growth for the month, according to Investing.com data.On a yearly basis, average house prices in the UK were 0.4% higher, compared with a 0.8% gain in the previous month and an expected 0.6% uptick.