TRADE WARS - OIL AND GAS DAILY

Markets mixed as traders struggle to keep up with Wall St rally

Mar 13, 2024 (AFP)

While February's consumer price index reading was not ideal -- having come in above estimates in January -- analysts said it showed price rises were levelling o...

Moody's downgrades major Chinese property developer Vanke

Mar 12, 2024 (AFP)

China's real estate market is grappling with unprecedented challenges, with some developers on the verge of bankruptcy and lower property prices deterring consu...

China must do more to lift employment, stabilise housing market: officials

Mar 09, 2024 (AFP)

Beijing is grappling with a prolonged property sector crisis, record youth unemployment and a global slowdown hammering demand for Chinese goods. Youth unemploy...

Houthis escalate Red Sea attacks; target Singapore-flagged commercial vessel

Mar 09, 2024 (UPI)

The Houthis fired "several suitable naval missiles" against the M/V Propel Fortune as well as launching 37 drones targeting several U.S. Navy destroyers in a se...

China consumer prices rise in February for first time in six months

Mar 09, 2024 (AFP)

The world's second-largest economy posted some of its lowest growth in decades last year and is battling a prolonged property sector crisis and soaring youth un...

Biden pushes higher corporate tax, touts strong economy in key speech

Mar 08, 2024 (AFP)

The 81-year-old outlined his agenda in the annual speech, in an effort to speak to voters' worries while taking credit for the recovery of the world's biggest e...

Asian markets join rally after Wall St, European records

Mar 08, 2024 (AFP)

Expectations for a first reduction in June have ramped up after Federal Reserve boss Jerome Powell this week told lawmakers that while the battle against inflat...

Fears grow for Hong Kong's finance hub status under proposed security law

Mar 08, 2024 (AFP)

The draft bill, introduced at the city's legislature on Friday, includes major offences such as treason and insurrection, which could be punished with life impr...

China trade surges in first two months of 2024

Mar 07, 2024 (AFP)

Overseas shipments have long served as a key driver of the country's economic growth, providing vast amounts of jobs for the manufacturing sector. In January an...

Markets struggle ahead of key US jobs data

Mar 07, 2024 (AFP)

Focus is also on the release of key US jobs data due Friday, following a positive set of figures showing the labour market remained healthy but appeared to be s...

Asian markets swing ahead of key US jobs data

Mar 07, 2024 (AFP)

Focus is also on the release of key US jobs data due Friday, following a positive set of figures showing the labour market remained healthy but appeared to be s...

U.S. sanctions Houthi revenue source as militants claim first deaths in Red Sea attacks

Mar 07, 2024 (UPI)

The Treasury has been targeting the Houthis with sanctions since Nov. 17 when the Iran-backed militia began attacking commercial as well as U.S. and British mil...

Bulk carrier hit by missile from Yemen, crew says three killed

Mar 07, 2024 (AFP)

The Iran-backed Huthis have been targeting merchant vessels transiting the vital Red Sea trade route for months but Wednesday's deaths were the first reported f...

Two Philippine crew among dead in Huthi missile attack: govt

Mar 07, 2024 (AFP)

The Iran-backed Huthis have been targeting merchant vessels transiting the vital Red Sea trade route for months but Wednesday's deaths were the first reported f...

EU will force big tech to change 'behaviour': competition chief

Mar 06, 2024 (AFP)

In an interview with AFP, Margrethe Vestager said she did not expect full compliance right away with the milestone Digital Markets Act (DMA) -- but that Brussel...

Asian stocks advance after global markets fall on tech sell-off

Mar 06, 2024 (AFP)

Gold prices and bitcoin hit all-time highs Tuesday before reversing gains, while the sell-off in some technology stocks hit many markets around the world. Wall ...

Asian stocks drop after global markets fall on tech sell-off

Mar 06, 2024 (AFP)

Gold prices and bitcoin hit all-time highs Tuesday before reversing gains, while the sell-off in some technology stocks hit many markets around the world. Wall ...

China hails 'favourable' economic conditions, despite trade woes

Mar 06, 2024 (AFP)

Thousands of delegates are convening this week in Beijing for the "Two Sessions" -- the annual meetings of China's parliament and a political consultative body ...

EU strikes deal to ban products made using forced labour

Mar 05, 2024 (AFP)

The bloc's draft text does not specifically mention China, but focuses on all products made from forced labour, including those made within the European Union. ...

Asian markets mostly down as China sets 5 percent growth goal

Mar 05, 2024 (AFP)

Tokyo finished flat, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000 points for the first time. Wall Street retreated on Mond...