• Images

    IEA sees oil market oversupplied in 2019

    Reuters . London | Updated at 12:00am on July 13, 2019

    Surging US oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said...

  • Images

    India’s diesel demand set for detour as drivers switch to gasoline

    Reuters . New Delhi/Singapore | Updated at 12:00am on July 13, 2019

    India’s strong diesel demand growth is decoupling from the car market as motorists increasingly turn to gasoline vehicles, leaving it more reliant on patchy demand from construction and...

  • Images

    Asia gold buying stalls as consumers look to cash in on price rally

    Reuters . Mumbai/Bengaluru | Updated at 12:00am on July 13, 2019

    Physical gold buying stalled in top Asian hubs this week as consumers sold back bullion to cash in on a steep price rally, while a recent import duty hike further dented waning interest in an...

  • Images

    Property speculators hope for investment paradise in southwest China

    Reuters . Xishuangbanna | Updated at 12:00am on July 13, 2019

    A bus came to a halt amid a tropical rainforest not far from China’s border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow. Their objective is to snap up a piece...

  • Images

    AB InBev Asia delays pricing world’s largest IPO this year

    Reuters . Hong Kong | Updated at 12:00am on July 13, 2019

    Budweiser Brewing Company APAC, the Asia-Pacific business of Anheuser-Busch InBev (AB InBev), will not price its Hong Kong IPO of up to $9.8 billion by Friday as planned, two people with...

  • Images

    Walmart told US govt India e-com rules regressive

    Reuters . New Delhi | Updated at 12:00am on July 13, 2019

    Walmart told the US government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen...

  • Images

    Expectations low for US bank earnings but investors say ‘buy’

    Reuters | Updated at 12:00am on July 13, 2019

    Low interest rates and weak trading volume have pushed down Wall Street’s second-quarter estimates for the biggest US banks, yet investors still say they want in on the...

  • Images

    Singapore decade-low growth triggers recession warning

    Reuters . Singapore | Updated at 12:00am on July 13, 2019

    Singapore’s economy grew at its slowest annual pace in a decade in the second quarter, preliminary data showed on Friday, raising bets that a technical recession and monetary policy easing could...

  • Images

    China’s June exports, imports fall as trade war takes heavier toll

    Reuters . Beijing | Updated at 12:00am on July 13, 2019

    China’s exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world’s second-largest economy and...

  • Images

    DSE plans to make indices tradable

    Mostafizur Rahman | Updated at 12:00am on July 13, 2019

    The Dhaka Stock Exchange has planned to make indices tradable at the market so that investors can make profits in all sorts of market conditions. The bourse will also introduce new indices for...