Oil falls below $56, heads for biggest annual drop since 2008
Oil dropped below $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured by weakening demand and a supply glut prompted by the U.S. shale boom and OPEC`s refusal to cut output.
Dec 31, 2014, 12:09 PM IST
Hong Kong stocks down 0.15% at open
Hong Kong shares slipped 0.15 percent in the first few minutes of trade Monday after an official index of Chinese manufacturing data retreated in August.
Sep 01, 2014, 07:49 AM IST