Country Garden reported 96% profit slump, worst since listing China Vanke saw net income climb 11% as it defied the slowdown Bloomberg News China’s two biggest property developers saw contrasting Continue Reading
U.S. gasoline futures settled at $2.6944 per gallon on Tuesday, its lowest close since Feb. 18, before Russia’s invasion of Ukraine. The Ukraine crisis had roiled energy markets, pushing up Continue Reading
Low inventories sent the national average diesel price in the United States back above $5, the first weekly price increase in more than two months. Distillate fuel inventories in the Continue Reading
Texas manufacturing growth in August dropped to its lowest level since May 2020 and the retail sales index stayed negative for the sixth consecutive month, also similar to the pandemic Continue Reading
Russia’s Gazprom (GAZP.MM) said on Tuesday it would fully suspend gas deliveries to major European utility Engie (ENGIE.PA) from Thursday in a dispute over contracts, a move which will deepen Continue Reading
Engie says it has been informed by Russian energy giant Gazprom of a reduction in gas deliveries starting Tuesday. European energy prices plunged on signs that the region is stepping Continue Reading
Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some Continue Reading
Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the Continue Reading
Ukrainian forces have had “successes” in three areas of the Russian-occupied region of Kherson, a Ukrainian regional official said on Wednesday, two days after Kyiv announced the start of a Continue Reading
Economy and Climate Minister Robert Habeck addresses the media after a closed German cabinet meeting at the government’s guest house in Schloss Meseberg, near Gransee, Germany August 31, 2022. REUTERS/Michele Continue Reading
