Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
Russia's energy minister said on Wednesday no emergency action was warranted to stem a decline in oil prices, as crude benchmarks fell again.
Alexander Novak reporters on the sideline of an international conference in Singapore that long-term oil prices should be taken into consideration when any decision was taken by oil producing countries.
He was talking as oil markets fell again, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors.
Novak said oil prices had averaged around $70 per barrel this year. "The market is quite volatile today. We remember that the oil price was sharply rising in the same way, now it is going down. We have to look into long-term development, into how the price will be stabilized," he said.
"It's not right for market participants to react to any one-off fluctuations," he said.
Novak also said the oil market still did not fully understand the fallout from U.S. sanctions against Iran, and how buyers would behave.
The United States announced the reinstatement of sanctions earlier this month against Iran over Tehran's activities in the Middle East.
Eight importing countries have been given temporary exemptions by the United States to keep buying Iranian oil, prompting Iranian President Hassan Rouhani to say Washington would not be able to cut Iran's oil exports to zero.
"I think the market is volatile due to a lot of uncertainty," Novak said. He said Russia had been cutting oil production by around 20,000 barrels per day so far in November, from the record high of 11.41 million bpd in October.