Economy

News Hour: China’s producer prices fell at their slowest rate for more than four years in August, the government said on Friday,another sign of stabilization in the world’s second-largest economy. The news comes a day after...

News Hour: Cuba said on Friday the United States’s 54- year-old trade embargo has cost the island $4.7 billion since April 2015 despite the former Cold War enemies’ historic rapprochement, reports BSS. Washington and Havana announced...

News Hour: Oil prices fell heavily on Friday on profit- taking, losing nearly all of the previous session’s sizeable gains. But the market netted gains for the week amid hopes of an OPEC-Russia deal to tackle...

News Hour: Oil prices edged higher on Wednesday, helped by a weaker dollar, analysts said, but remained in their recent range, with the market focused on an OPEC meeting on output later this month, reports BSS....

News Hour: Oil prices rallied in Asia on Wednesday on the back of a weaker dollar but scepticism that key producers will agree to limit output at an upcoming meeting kept gains in check, reports BSS....

News Hour: Too broke to pay for costly imports of rice and palm oil, Nigeria is looking to agriculture to help lift itself out of a recession. The once-flourishing sector was abandoned during the oil boom...

News Hour: Oil prices edged up on Friday on bargain-buying and a weaker dollar after another slump fuelled by a surge in US stockpiles and worries about an upcoming meeting to tackle a global supply glut,...

News Hour: Oil prices edged up slightly on Thursday after being hammered the day before by data showing a sharp rise in US stockpiles, while analysts warned a pick-up in the dollar would add further downward...

News Hour: Japan will invest $30bn in Africa over the next three years, Prime Minister Shinzo Abe has pledged at a summit in Kenya, reports Aljazeera. Starting this year, Japan will make a $10bn investment in the...

News Hour: The government of South Sudan, whose economy has been ravaged by years of war, has adopted an ambitious budget for 2016-2017 of around one billion dollars, three times as big as the previous year’s, reports...