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In China, retail fuel prices for automobiles have been reduced for the second time. This time, the decline was the maximum in almost 4 years. Xinhua news agency announced a decision taken by the National for Development and Reform Commission of China, according to which, the price of a ton of gasoline was reduced by 510 yuan, diesel fuel - by 490 yuan. China has a system that assumes every 10 days a revision of the price of petroleum products in the Chinese market, based on data on the reduction or increase in oil prices in the world. When the amplitude of fluctuations of quotations in the global market rises above 50 yuan per ton, then the price of fuel for cars in the country is revised.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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