text

Oil edges up, but still set for biggest first-half fall since 1990s

OilpricesedgeduponFriday,recoveringsomeoftheirsteeplossesmadethisweek,butcruderemainedoncourseforitsworstfirst-halfdeclineinalmosttwodecadesasproductioncutshave

text

Tentative oil price recovery lifts energy stocks

WorldstockswerepoisedtoekeoutslimgainsfortheweekonFridayasatentativerecoveryinoilpricesspurredinvestorstohuntforbargainsinthebeaten-downenergysectorandhelpedcom

text

China to cut surcharges paid by coal-fired power producers

China’sNationalDevelopmentandReformCommission(NDRC)hasdecidedtoreducesurchargespaidbycoal-firedpowerproducers.ThismovebyChina'stopeconomicplannersignaledthefirs

text

China home prices cool on tough controls: report

China's once-sizzling property market is cooling as home prices faltered in big cities, including Beijing, in May on the back of tightened policy controls.

text

3D Touch for iPhone 8 will cost more than double for Apple

SourcesaroundTPKHoldings,thecompanythatsuppliesthesensorsfor3DTouchtechnologytoApple,claimthatcomponentunitpriceswilljustfrom$7to$9currentlyto$18to$22fortheiPho

text

US oil output back near records, challenging OPEC

Americanoilproductionisapproachingrecordlevelsagain,ledbyshaleprojects,potentiallyfoilingeffortsbyOPECtosupportprices.OilpriceswereboostedthisweekafterSaudiArab

text

British inflation hits highest level since September 2013

British inflation rate has continued its upward trend, hitting a record high in April, the Office for National Statistics (ONS) released Tuesday.

text

China's CPI up 1.2%, PPI up 6.4% in April

China's consumer price index, a main gauge of inflation, rose 1.2 percent year on year in April, official data showed on Wednesday.

text

China's CPI up 1.2%, PPI up 6.4% in April

China'sconsumerpriceindex,amaingaugeofinflation,rose1.2percentyearonyearinApril,officialdatashowedonWednesday.ThegrowthquickenedfromMarch's0.9percentexpansionan

text

Business Energy firms dive in Asia after oil collapse

Energy firms were among the main losers in Asian trade on Friday following a plunge in oil prices fuelled by fresh global glut concerns, with most equity markets heading for a negative end to the week

text

Singapore Consumer Prices Rise for First Time Since 2014

Consumer prices in Singapore rose in December for the first time in more than two years, adding to signs of recovery in the city-state’s economy.

text

Police clash with Mexico gas protesters, gunfire erupts

Gunfire erupted as protesters clashed with police in Mexico during another day of looting and demonstrations against a gasoline price increase that has infuriated the population.

text

S. Korean gov't vows to control rising egg, gas prices

​The South Korean government said Friday that it will make full efforts to control rising living costs largely driven by the worst outbreak of avian influenza here and a gain in oil prices.

text

Christmas cheer becomes more expensive as costs rise

Consumers who are busy preparing their home for Christmas are sure to find that this year's festive decorations are more expensive than expected.

text

Brexit effect feeds through to UK inflation figures

UK consumer price inflation rose to its highest mark in more than two years, according to figures released on Tuesday, as the effects of a sharp depreciation in sterling following the Brexit vote begin to be felt in prices.

text

OPEC reaches agreement to cut oil production to 32.5 million barrels a day: Oil ministers

​The Organization of Petroleum Exporting Countries (OPEC) has reached a deal among all 14 member countries to curtail oil production for the first time since 2008, the oil-producing cartel announced from its headquarters in Vienna on Wednesday.

text

Rising debt levels threat to New Zealand financial stability: central bank

Rising debt resulting from soaring home prices and low dairy prices is continuing to pose a risk to New Zealand's financial system, the central bank warned Wednesday.