ADVERTISEMENT

Oil


  • Filter by

US stock futures drop after Trump slaps new tariffs on China

TOKYO: U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S. tariffs on about US$200 billion worth of Chinese imports

S&P500 E-mini futures dropped 0.35 percent in early trade.  That came after all three major U.S. indexes dropped on Monday, with the tech-heavy Nasdaq posting its biggest percentage loss since late July.

A better option than IPO for Sapura Energy in proposed tie-up with OMV

KUALA LUMPUR: Sapura Energy Bhd's latest corporate manoeuver with Austrian oil and gas major, OMV AG, will bring about several potential benefits, including making the proposed exercise even better than an initial public offer (IPO) for Sapura Upstream Sdn Bhd, its exploration and production (E and P) arm.

Asian shares slugged by new US tariff threat

SYDNEY: Most Asian share markets slid on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.

Oil prices ease as trade row clouds demand outlook

BEIJING: Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran.

Brent crude oil futures dipped 16 cents, or 0.2 percent to $77.93 a barrel by 0035 GMT.  U.S. West Texas Intermediate (WTI) futures fell 20 cents or 0.3 percent, to $68.79 a barrel.

ADVERTISEMENT