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Saturday 10 May 2025

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Context on Markets
News Euro zone economic recovery to continue: Draghi

There is ongoing growth in the euro zone economy and this should continue, European Central Bank President Mario Draghi said on Thursday.

  • April 21, 2016
News China wants ships to use faster Arctic route opened by global warming

China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global warming, to cut travel times between the Atlantic and Pacific oceans, a state-run newspaper said on Wednesday.

  • April 20, 2016
News China, major producers fail to reach deal over steel

China and other major steel-producing countries failed on Monday to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity and whether Beijing is keeping loss-making producers afloat.

  • April 18, 2016
News Band plays on, as global oil glut leaves supertankers in a huge jam

It may be the world's biggest traffic jam.
As ports struggle to cope with a global oil glut, huge queues of supertankers have formed in some of the world's busiest sea lanes, where some 200 million barrels of crude lies waiting to be loaded or delivered.

  • April 13, 2016
News OPEC cuts 2016 oil demand growth forecast, warns of more

OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.

  • April 13, 2016
News Brent hovers just below $45, hits five-month high on reports of oil output freeze deal

Global oil prices hit five-month highs on Tuesday, hovering just under $45 a barrel after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday.

  • April 12, 2016
News Italy's Renzi signs potentially huge business deals in Iran

Italy and Iran signed deals potentially worth billions on Tuesday when Prime Minister Matteo Renzi visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial isolation.

  • April 12, 2016
News ECB package can't solve economic problems in Europe: Merkel ally

A senior lawmaker from Chancellor Angela Merkel's conservatives said on Thursday the European Central Bank's package of rate cuts would not tackle the euro zone's economic woes, but could cause the property market to overheat.

  • April 9, 2016
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