Global stock and oil markets plunged Wednesday, as vast stimulus measures failed to offset heightened concerns that the worsening coronavirus outbreak will tip the world into a deep recession. On Wall Street, the Dow Jones Industrial Average was hit by another brutal loss to finish below the 20,000-point level for the first time since 2017 despite authorities in the United States (US) and elsewhere moving forward with more measures to prop up the economy.In European trading, both Par

Oil rebounded Tuesday, with investors buying at bargain levels after prices plunged to four-year lows as governments worldwide ramped up measures to contain the spread of the deadly coronavirus.Analysts said, however, that any recovery in oil prices is likely to be short-lived as travel restrictions and other tough measures rolled out to fight the virus sap demand amid a production glut and price war.US benchmark West Texas Intermediate (WTI) was trading at US$29.95 a barrel, up 4.36 percent,

Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown sparked by the coronavirus pandemic saw their biggest weekly losses in more than a decade.US benchmark West Texas Intermediate (WTI) briefly fell below US$30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing.It was trading at US$31.13 a barrel at around 0530 GMT, down nearly two percent from Friday's close.The Brent global benchmark was down 3.28 percent at US$32.7

Before United States (US) President Donald Trump decided to withdraw his country from the Joint Comprehensive Plan of Action (JCPOA) in May 2018, Javad Zarif, Iran’s foreign minister and the nuclear agreement’s chief Iranian architect, was the most popular public figure in his country.

A Vietnamese tanker captain has been jailed in Singapore for his part in a scheme that saw about US$150 million worth of oil stolen from energy giant Shell's largest refinery, authorities said Friday.The theft took place over several years from a huge industrial site in the city-state, described by the Anglo-Dutch firm as one of its most important production centres in the world.Police put an end to the scheme, which saw oil siphoned from the refinery and sold below market rates, in 2018

Aung Gyi is forced to fish covertly under the shroud of night in western Myanmar waters as China bids to transform the strategically key region into a shipping and industrial hub, squeezing out locals who fear being left behind in the gold rush.Myanmar has declared Rakhine state, associated by many worldwide with the military’s 2017 bloody crackdown on Rohingya Muslims, open for business – but locals fear they are being left out of the gold rush as new rules restrict traditional practises.Pad