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China shares fall on weakness in financial firms HONG KONG: China shares slipped by midday on Tuesday on weakness in financial firms, but pared losses after some property developers rebounded. Hong Kong shares also edged lower, with the Macau gaming sector extending losses as revenue remained sluggish during the first week of July. By midday, the Hang Seng Index dipped 0.1 percent to 23,509.77 points. The China Enterprises Index of the top Chinese listings in Hong Kong was flat. The CSI300 of the leading Shanghai and Shenzhen A-share listings inched down 0.1 percent, while the Shanghai Composite Index was off 0.2 percent at 2,056.84 points."More initial public offerings (IPOs) will come up later in July, and the upcoming economic data could hardly exceed expectations, so such a small correction is normal," said Wang Weijun, an analyst at Zheshang Securities in Shanghai, who added upbeat data no longer has a big positive effect on the market. Guangdong Ellington Electronics ...
Oil prices down on easing Middle East supply concerns SINGAPORE: Oil prices eased in Asia Tuesday as dealers await the resumption of disrupted Libyan crude exports, while ebbing fears about fighting in major producer Iraq also weighed, analysts said.US benchmark West Texas Intermediate for August delivery dipped 11 cents to $103.42 while Brent crude was down 19 cents at $110.05.Singapore's United Overseas Bank said prices remained under pressure as "fears of supply disruptions out of Libya and Iraq abated". Oil prices have tracked lower ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Monday as dealers balance easing concerns about the militant insurgency in Iraq with upbeat sentiment about US demand following strong jobs data, analysts said. US benchmark West Texas Intermediate for August delivery eased 12 cents to $103.94 while Brent crude rose nine cents to $110.73 in afternoon trade.Desmond Chua, market analyst at CMC Markets in Singapore, said oil prices "continue to track lower as Iraq's production remains unaffected ...
Brent falls to near $110, heads for 7th straight loss SINGAPORE: Brent crude edged towards $110 a barrel on Tuesday, trading close to its lowest in nearly a month, as fears of supply disruption in Iraq eased and prospects for a rise in Libyan exports improved. The benchmark is headed for a seventh straight session of losses, the longest-losing streak since October 2012. Brent is down nearly 5 percent since the Iraq crisis drove prices to a nine-month high of $115.71 in June.August Brent crude ...
India Essar says 400,000 bpd refinery running at half capacity NEW DELHI: India's Essar Oil is operating its 400,000 barrels per day (bpd) refinery at Vadinar at half of its capacity due to repair works at a pipeline linked to its crude unit, a company spokesman said.The reduced throughput took place on Saturday and the refinery is expected to resume full operations by Wednesday or Thursday, he said.Copyright Reuters, 2014 ...

 





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