Gas prices could fall to $3.25 by Halloween as oil plunges
After spiking to alarming levels just last week, oil prices are suddenly in free-fall mode. The dramatic reversal should bring relief to drivers (and nervous central bankers) very soon.
2023-10-06 00:53
Gas prices jump as strikes in Australia begin
A row over pay and conditions has led to walkouts at two liquefied natural gas facilities.
2023-09-08 18:22
Apple shares slide after China government iPhone ban reports
The technology giant's stock market valuation has fallen by almost $200bn in the last two days.
2023-09-08 10:50
Country Garden: Debt crisis-hit China property giant in record loss
Country Garden reported a record $6.7bn loss for the first six months of the year.
2023-08-31 11:15
Chevron: Workers at major Australia gas facilities to strike
Industrial action at two plants raises concerns that energy prices could rise in Europe.
2023-08-29 15:55
Russia hikes interest rates after rouble slides
The Bank of Russia raises rates to 12% from 8.5% in a bid to boost the currency and lower inflation.
2023-08-15 16:58
Russia rouble: No panic but currency fall will hurt
There's no sense of alarm in Moscow over the exchange rate slide but Russians will be adversely affected.
2023-08-14 23:49
China property giant Country Garden warns of up to $7.6bn loss
It is the latest signal of the major issues faced by the world's second largest economy.
2023-08-11 10:29
European bank stocks bounce as Italy softens windfall tax blow
Banking stocks in Italy and elsewhere in Europe rebounded Wednesday after the country watered down a plan to whack its banks with a surprise one-off 40% tax on their windfall profits.
2023-08-09 20:22
Italy slaps 40% one-off windfall tax on its banks
Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward depositors.
2023-08-08 21:20
UK inflation slows to lowest level in more than a year
Britain's stubborn inflation problem is finally showing signs of easing.
2023-07-19 15:20
This measure of European inflation just turned negative for the first time since 2020
European policymakers will have breathed a sigh of relief Wednesday as a key measure of inflation revealed the first drop in prices since 2020.
2023-07-05 21:18