VINACHEM

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said on Wednesday, Beijing's latest salvo against the almighty greenback.

The proposed act, published on March 16, designates magnesium as a strategic material and lays out a number of supply and production targets and quotas to be reached by 2030 to help guarantee the supply of the metal.

Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, ahead of key U.S. inflation data which could give clues on future interest rate moves and the strength of the dollar.

China's manufacturing activity expanded at a slower pace in March, official data showed on Friday, raising doubts about the strength of a post-COVID factory recovery amid weaker global demand and a property market downturn.

India’s specialty chemicals industry, which is currently seeing an expansion drive by major players, expects to see robust growth in the next few years.

After a good start this year, the Chinese economy will buoy steady and sustained development, adding certainty to global growth clouded by upheavals, an official said on Saturday.

The European Union reached a provisional deal on Thursday on higher renewable energy targets, an important pillar of the bloc's plans to fight climate change and end dependence on Russian fossil fuels.