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China Turns a Glut of Oil Into a Flood of Diesel

Bloomberg Fuel producers from India to South Korea are finding that rising refined products from China are cutting the profit margins they’ve enjoyed from cheap oil to the lowest in more than a year. Worse may be coming. China’s total net exports of oil products — a measure that strips out imports — will rise 31 percent this year to ...

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Emirates Securities Market Index dives 1.36 percent

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.36% to close at 4097.34 points. Accordingly the Market Capitalization has lost AED9.19 Billion attaining AED664.64 Billion. A total of 0.65 Billion Shares were traded with a total value of AED0.79 Billion during the trading session of 11-02-2016 through 8716 transactions. The number of companies which has been traded ...

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Asia markets suffer fresh rout as Hong Kong, dollar goes down

Hong Kong / AFP Asian markets extended their rout and the dollar hit 15-month lows against the yen on Thursday after Federal Reserve boss Janet Yellen raised concerns about the global economy, essentially quashing the chances of another US rate hike any time soon. Hong Kong led a broad sell-off across the region, while an ongoing supply glut and production ...

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