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Echoing similar sentiments to those expressed in a statement released Wednesday evening, the bank noted that a strong economic environment, sustained trade surplus, sound fiscal position and deep foreign exchange reserves will provide “strong support” to the exchange...

The most active gold contract for December delivery gained $10 (0.91 percent) to settle at $1,104.10 per ounce, Xinhua reported.

Recently, it has suffered the most challenging losses since 1999.

It bought two cargoes of Basrah Light crude oil from Iraq over the last two months to half fill the Visakhapatnam underground cavern that can hold as much as 9.75 million barrels of oil, Indian Strategic Petroleum Reserves chief executive officer Rajan K. Pillai said in an...

“The market is spooked by concern that the yuan may enter a devaluation trend and there’s some pressure for capital outflows given the fact that the U.S. may raise interest rates soon”, said Wei Wei, an analyst at Huaxi Securities Co.in Shanghai.

A man fills up his auto at a petrol station in Rome January 6, 2015.

One Direction have surprised fans by releasing a new single, “Drag Me Down”, which is their first track since Zayn Malik left the band.

Another supply challenge to watch is shale drilling in the U.S. Despite the plunge in oil prices, drillers have been stubborn about cutting production.

Federal data published Wednesday show total U.S. crude oil production increased by 52,000 barrels to 9.5 million barrels per day.

“Under the current Saudi oil policy, it is still more likely…that any sustained price recovery will come through another OPEC country breaking down than from North American crude oil production collapsing”, Olivier Jakob, an oil analyst at Petromatrix, said in a...

Oil prices plummeted Monday as market expected crude production from the Organization of Petroleum Exporting Countries (OPEC) hit record high in July.

On Monday, the rout deepened after data showed Chinese manufacturing growth unexpectedly stalled in July and U.S. consumer spending advanced at its slowest pace in four months in June as demand for automobiles softened.

Oil prices remained weak in Asian trade Thursday after sharp losses in the previous session that drove Nymex oil futures below the $50 a barrel mark-the first time it has settled below that level since April 2.

Iran reportedly hoards 30 million barrels of oil in its reserves ready for export and many believe that as soon as the sanctions are lifted, crude prices could witness a huge plunge on the back of the underlying over-supply situation. The market continued to react to the...

Bianchi, 25, died in a Nice hospital on Friday after suffering critical head injuries when he skidded off the track and hit a recovery tractor in last October’s Japanese Grand Prix.