Oil dips amid robust global supply

Note: This section contains information in English only.
Source: Reuters
Crude futures plunged on Tuesday as a global supply glut, a strong US Dollar and a sluggish outlook for the Chinese economy all put more pressure on oil prices. Futures for WTI dropped 0.74% to $41.56 per barrel, while Brent futures dipped 0.70% to $48.41 per barrel by 08:15 AM GMT. Analysts say the move was largely speculative, driven by the Iranian nuclear deal and bearish sentiment in the futures market. 
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Tue, 18 Aug 2015 10:28:04 GMT

Pound jumps on upbeat UK inflation data

The Sterling soared against the Greenback as the rate of inflation in the UK rose above estimates. The Cable jumped 0.53%, hitting a session high of $1.5668. The CPI figure released on Tuesday showed that the inflation rate increased to 0.1% in July, beating a zero growth forecast, while the core CPI soared above estimates by 1.2% on an annual

Tue, 18 Aug 2015 08:28:15 GMT

Asian stocks tumble on Yuan fears

Asian shares fell on Tuesday on concerns that devalued Yuan and cooling demand in China will weigh on the trade-reliant region. The Shanghai Composite Index widened losses to 6.12%, while Hong Kong's Hang Seng Index fell 1.16%. Elsewhere, South Korea's Kospi dropped 0.62%, Japan's Nikkei was down 0.32%, while Australia's SP ASX tumbled 1.20%. Meanwhile, the Yuan stabilised after a

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