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Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook

Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts […]

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stock market
Market
Stock Market

Asian Stocks Cautiously Optimistic Ahead of U.S. CPI Data

Most Asian stock markets rose slightly on Tuesday, with investors turning cautiously optimistic over upcoming data that is expected to show a sustained decline in U.S. inflation.   Taiwan’s weighted index added 0.7%, the most among its regional peers, while China’s Shanghai Shenzhen CSI 300 and Hong Kong’s Hang Seng rose 0.5% and 0.3%, respectively, in […]

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