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China is doubling down on efforts to keep unprofitable factories afloat despite for years pledging to curb excess capacity, adding to a glut of basic materials flooding the global economy. The country’s overproduction of steel, aluminum, diesel and other industrial goods has driven down prices and... -
Oil drops under US$92 to 27-month low as supply glut grows (BUT Petrol Prices in Singapore Never Drop!!!) [LONDON] Oil fell by more than US$2 a barrel on Thursday to its lowest since June 2012, with benchmark Brent dropping under $92 a barrel, as price cuts from top producer Saudi Arabia ad...
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