DUBAI, July 3 Reuters Saudi Arabia said on Monday it would extend its voluntary oil output cut of one million barrels per day bpd for another month to include August, sending oil prices higher. The kingdom39;s production for the month of August 2023 will be approximately 9 million barrels per day, the SPA quoted an […]

BEIJING, July 3 Reuters China39;s factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions. The CaixinSP Global manufacturing purchasing managers39; index PMI eased to 50.5 in June from 50.9 in May, indicating a marginal expansion in […]

European PMIs shows downturn deepened China39;s June Caixin PMI expands marginally Factory activity slumps in Japan, South Korea Surveys highlight gloom spreading from weak China growth LONDONTOKYO, July 3 Reuters Global factory activity slumped in June, business surveys showed on Monday, as sluggish demand in China and in Europe clouded the outlook for exporters. Across […]

DUBAI, July 3 Reuters The United Arab Emirates UAE will set up a new federal ministry of investment to develop the Gulf state39;s investment strategy both globally and domestically as it contends with growing economic competition from neighbours. The Gulf states, largely dependent on hydrocarbons for revenue, all have plans underway to diversify their economies […]