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ADB lowers Asian economic growth forecasts
The Chinese economy will grow less than seven percent this year, the Asian Development Bank predicted on Tuesday, as it warned of widening fallout from the country’s economic slowdown. Oil prices drop amid gloomy demand outlook
Crude oil prices fell on Tuesday as traders took profit following a three-four percent upward swing in the previous session, with weak economic growth denting the demand outlook amid plentiful supplies. Sales of big S. Korean firms dip amid weak exports
Indonesia to see 4.8% growth this year
Global economy
European shares fell on Tuesday, led lower by miners as copper prices slid on worries over Chinese demand, while the dollar hit its highest in almost two weeks. |
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