Economy

News Hour: New Zealand’s central bank left the official cash rate at a record low of 1.75 percent on Thursday amid moderate inflation and healthy economic growth. The Reserve Bank of New Zealand said the monetary...

News Hour: China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing’s participation in new UN sanctions intended to rein in its rogue neighbor. The United...

News Hour: Oil-producing countries from inside and outside OPEC meet in Vienna on Friday as signs grow that their landmark agreement to cap output may finally be boosting the price of crude. Twenty-four producers including Russia,...

News Hour: Oil prices fell on Friday as Hurricane Irma drove towards the U.S. state of Florida. Irma, which is the second hurricane to approach the United States in two weeks, could knock out refineries and cause...

News Hour: The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent year on year in August, much faster than expected, official data showed on Saturday, reports BSS. The...

News Hour: Benchmark U.S. gasoline prices slumped on Monday to pre-Hurricane Harvey levels as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns. Brent crude oil futures were flat at...

News Hour: Retail U.S. gasoline prices rose 2.8 percent from Friday to Saturday as refineries warned customers about fuel-supply shortages caused by Hurricane Harvey. They were at $2.59 a gallon, according to motorists advocacy group AAA....

News Hour: Asian markets headed into the weekend on a cautious note on Friday, bringing an end to a volatile week, with eyes now fixed on the release of key US jobs data and the impact...

News Hour: Crude prices fell further in Asian trade on Thursday as refineries shut down by deadly storm Harvey in the key oil-producing US Gulf Coast struggled to get back online, further piling up supplies. The...

News Hour: Asia’s biggest oil refiner Sinopec said its first-half net profit jumped more than 40.1 percent thanks to a rise in oil prices and stable growth in China’s economy, which fuelled demand for its refined...