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Chinese oil refiners’ credit suspended on default fears

SINGAPORE: Banks are suspending the credit lines for some Chinese independent oil refineries amid rising concerns about overall industrial defaults and as the coronavirus outbreak has eaten into the processors’ fuel sales.

Egypt hails new 'furniture city' but many craftsmen unconvinced

DAMIETTA, Egypt (Reuters) - Egypt has built a multi-billion-pound "furniture city" near the mouth of the Nile, a pilot for a series of industry mega-hubs it wants to throw up across the nation, but it could face a struggle to populate it.