* European Parliament gave mandate for further talks last month Read full story › Source:: Reuters UK Natural Resources
By hellenicshippingnews Sinopec Group, the second-largest energy company in China, plans to cut costs by recalling 40 percent of its overseas staff in the wake of plunging oil prices. Up to 160 employees from Sinopec International Petroleum Exploration & Production Co, a subsidiary of the group focusing on overseas upstream businesses, will be brought back […]
* Brent oil stabilises above $50 a barrel after 5 pct drop * Subdued day for European bourses, Wall Street seen down 0.2 pct * Dollar softer after weak data, focus now on payrolls * China stocks bounce 3 pct, copper and other commodities firmer * Aussie rises after RBA tones down currency strength concerns […]
China's stock markets have been suffering considerable volatility, sending the central government scrambling in an attempt to pick up the pieces to support the crashing market. Although Chinese economic growth slowed during the past year and local companies' profits proved unsubstantial, investment in Chinese stocks remained high, creating a bubble which popped on June 12 […]
