BEIJING (Reuters) - Chinese electric vehicle maker Xpeng Inc said on Tuesday it has secured a credit line of 12.8 billion yuan ($2 billion) from five Chinese banks to expand manufacturing and sales.

The world production of natural rubber (NR) contracted at 8.3%, year-over-year, to 11.376 million tonnes during the first 11 months of 2020 (Jan – Nov) and likely to fall by 8.9%, year-over-year, for December 2020. The outlook of supply in 2020 is revised upward by 81,000 tonnes to 12.678 million tonnes compared to the outlook presented in the last issue. While the world production is anticipated to recover in January 2021 by producing about 1.192 million tonnes of NR against 1.056 million tonnes in January 2020.

SINGAPORE (Reuters) - Oil prices slipped on Tuesday as investors remained concerned about climbing coronavirus cases globally, though an anticipated drawdown in crude oil inventory in the United States for a fifth straight week stemmed losses.

TOKYO (Reuters) - The dollar held four days of gains against major peers on Tuesday as the prospect of massive fiscal stimulus pushed U.S. yields higher.

SYDNEY (Reuters) - Asian shares paused near historic highs on Monday while Treasury yields were at a 10-month top as “trillions” in new U.S. fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade.

BEIJING (Reuters) - China’s factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting China’s manufacturing sector continues to see a steady recovery from the COVID-19 shock.