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Chinese premier says no winner in trade war with US

The prime minister of China said Tuesday there are no winners in a trade war with the U.S. "There is no winner in the trade war," Li Keqiang said at the 33rd Association of Southeast Asian Nations (ASEAN) Summit in Singapore where he addressed the trade war, the South China Sea dispute...

Global energy demand to grow by over 25 pct by 2040

Global energy demand is predicted to grow by more than a quarter between 2017 and 2040, according to the International Energy Agency's (IEA) World Energy Outlook 2018 on Tuesday. The IEA's report showed that population growth with an extra 1.7 billion people mostly in the urban areas of...

Saudi says to cut oil output as producers discuss price dip

Saudi Arabia, the world's top crude exporter, said Sunday it will cut oil output from next month, as major producers held a key meeting to discuss shoring up sliding prices. Saudi Energy Minister Khalid al-Falih announced the kingdom was cutting its supplies by 500,000 barrels per day from...

Australia central bank lifts economic growth forecast

Australia's central bank on Thursday said the economy was "performing well" and lifted its growth outlook while keeping interest rates at a record low but warned there were concerns about global trade. The announcement comes as worries also begin to emerge about the country's once...