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NEW YORK: Oil prices sank on Friday, after U.S. consumer prices rose more than expectedand China imposed new COVID-19 lockdown measures. Brent crude LCOc1fell US$3, or 2.4%, to $120.07 a …
Read MoreSINGAPORE: Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lockdown measures in Shanghai outweighed solid demand for fuels in the …
Read MoreNEW YORK: Oil prices dipped yesterday but still hovered near three-month highs after parts of Shanghai imposed new Covid-19 lockdown measures, as strong gains in refined products contributed to an …
Read MoreBEIJING: China’s economic activity cooled sharply in April as widening COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, adding to fears the economy could shrink in …
Read MoreCHINA’s biggest chipmaker and a major iPhone supplier cut their outlooks for the second quarter, joining a growing list of manufacturers warning about the fallout from lockdowns aimed at containing …
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NEW YORK: Oil prices sank about 6% yesterday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook. Brent crude fell US$6.45, …
Read MoreHONG KONG: China’s offshore yuan dropped to its weakest in 17 months on Tuesday, and neared the symbolic level of 6.7 to the dollar, as foreign investors remained bearish towards …
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File photo of people lining up by a police cordon for nucleic acid testing, amid the coronavirus disease (Covid-19) outbreak in Shanghai, China April 27, 2022. — Reuters pic TAIPEI, …
Read MoreNEW YORK: Oil slumped about 4% yesterday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged Covid-19 lockdowns in Shanghai and …
Read MoreTOKYO: Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would …
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