Tuesday 4 August 2015
 
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China

China slowdown ‘could further erode oil prices’

As oversupply in the crude market continues, a sudden reduction in Chinese energy consumption growth may continue to apply downward pressure to crude prices, a report said. China’s weakening economic prospects and stock mark

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China's factory activity shrinks most in two years

Headwinds for the world's second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices.

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Oil hits multi-month lows on record Opec output

Oil extended losses on Monday on worries of oversupply as the Organization of the Petroleum Exporting Countries (Opec) pumped at record levels in July, while weak China data stoked concerns about slower growth at the world's second largest o

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China July factory growth stalls

Growth at China's big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a st

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China state firms to start pumping new oil in Iran

China's state oil giants are set to start pumping a combined 160,000 barrels a day at two projects in southwestern Iran from around October, company sources said, contributing to Tehran's plan to boost output ahead of sanctions being lif

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Chinese potatoes to chip in as water shortages hit staple crops

Once seen as food for the poor, the humble potato is being pushed in China as a tasty, nutritious part of any meal as the world's most populous country struggles with water shortages and looks for alternatives to the traditional rice and noo

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China focuses on tourism to lift domestic spending

China is seeking to promote tourism and lift domestic spending with measures ranging from boosting investment in tourism spots to encouraging companies to give employees paid leave, the cabinet said on Wednesday. Regulations for holiday

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Arson attack on flight forces Chinese airport closure

Chinese authorities have suspended operations at a small regional airport in the country's east, state media reported on Wednesday, after an arson attack aboard a local flight left two passengers injured. A witness told state broadc

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Oil prices fall to near 6-month lows over China

Oil prices fell for a fifth straight session on Tuesday to their lowest in almost six months, as a rout in Chinese equities cast further doubt over the outlook for crude demand in the world's top commodities consumer. China

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Kerry heads for region to discuss Iran deal, IS

US Secretary of State John Kerry will travel to Egypt and the Gulf next week for talks on the recent nuclear deal between major powers and Iran and the fight against Islamic State militants, then he will head to Southeast Asia, where countries s

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