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SINGAPORE: Benchmark crude for June delivery was down 40 cents to $54.07 a barrel by midday in Singapore, in electronic trading on the New York Mercantile Exchange.
SHANGHAI: China's inflation rate fell for the third month in a row in April as prices for foods and energy plunged from high levels the year before.
GUANGZHOU, China: Government-backed neighborhood groups are going door-to-door in south China's gritty business capital with a set of simple requests: Please stop spitting in public, cutting in bus lines and talking loudly in the streets.
NEW YORK: A warning from Standard Poor's that the agency might lower its rating on U.S. government debt sent stocks on their steepest slide in a month Monday.