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EU fines Volkswagen, BMW 875 mln euros for emissions cartel

EU fines Volkswagen, BMW 875 mln euros for emissions cartel

2021-07-09 00:39

EC on Thursday fined Volkswagen and BMW a total of 875 million euros for colluding to curb the use of emission cleaning technology in diesel cars.

Philippine manufacturing output hits growth record in May

Philippine manufacturing output hits growth record in May

2021-07-08 16:04

The performance of manufacturing production in the Philippines continued to accelerate in May.

Malaysias unemployment rate falls to 4.5 pct in May

Malaysia's unemployment rate falls to 4.5 pct in May

2021-07-08 13:16

Malaysia's unemployment rate fell to 4.5 percent in May, from 4.6 percent in April, official data showed Thursday.

Economic Watch: Risk of COVID-19 resurgence likely to hamper Japans economic recovery

Economic Watch: Risk of COVID-19 resurgence likely to hamper Japan's economic recovery

2021-07-08 09:57

Though Japan's economic recovery was sluggish in the first half of this year, COVID-19 resurgence remains the biggest obstacle in the second half.

U.S. stocks rise amid Fed minutes

U.S. stocks rise amid Fed minutes

2021-07-08 06:26

U.S. stocks finished higher on Wednesday as investors digested minutes from the Federal Reserve's recent policy meeting.

U.S. crude oil inventories down last week: API

U.S. crude oil inventories down last week: API

2021-07-08 06:20

API on Wednesday reported a decrease of 7.983 million barrels of crude oil in the U.S. crude oil inventories for the week ending July 2.

U.S. Fed officials divided over timing of tapering asset purchases: minutes

U.S. Fed officials divided over timing of tapering asset purchases: minutes

2021-07-08 05:33

U.S. Federal Reserve officials were divided over when to start tapering the central bank's asset purchases.

Oil prices drop amid OPEC+ uncertainty

Oil prices drop amid OPEC+ uncertainty

2021-07-08 05:25

Oil prices fell on Wednesday as major oil-producing countries' failure to reach a deal on production policy stoked concerns over uncertainty.

U.S. gas price expected to exceed 3.25 USD a gallon this summer: AAA

U.S. gas price expected to exceed 3.25 USD a gallon this summer: AAA

2021-07-07 06:59

The U.S. national average gas price is expected to rise above 3.25 U.S. dollars a gallon this summer for the first time since October 2014.

U.S. stocks end mixed as energy lags

U.S. stocks end mixed as energy lags

2021-07-07 05:16

U.S. stocks finished mixed on Tuesday amid overall weakness in the energy sector.The Dow Jones Industrial Average fell 208.98 points.

Oil prices retreat after OPEC+ standoff

Oil prices retreat after OPEC+ standoff

2021-07-07 05:04

Oil prices reversed earlier gains to end lower on Tuesday after major oil-producing countries failed to reach a deal on output policy.

Italys economy to grow 5 pct this year, central bank predicts

Italy's economy to grow 5 pct this year, central bank predicts

2021-07-07 03:25

The positive impact of Italy's vaccination campaign on the evolution of the coronavirus pandemic would also boost the country's economic recovery.

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