FE Today Logo

Slowdowns in China, India eat away at Asian oil demand

SINGAPORE, Aug 15 (Reuters): Oil demand from Asia's biggest importers, China and India, is growing more slowly than expected, exposing weakness in two of the world's largest economies and eroding a key pillar of global petroleum prices amid trade tensions.The two countries buy a combined 12 per cent of the...

Read more

Floods close airport in Indian tourist hotspot of Kerala

KOCHI (India), Aug 15 (AFP): Flights in and out of the Indian tourist hotspot of Kerala were cancelled for three days Wednesday as severe monsoon flooding ravaged the region.At least 39 people have been killed in the past three weeks and more than 50,000 displaced in an area famed for...

Read more

Gold price hits more than 18-month low

LONDON, Aug 15 (Reuters): Gold fell to a more than 18-month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira.Spot gold was down 0.7 per cent at $1,185.46 an ounce by...

Read more

DHL eCommerce offers Malaysians next-day delivery service

KUALA LUMPUR: DHL eCommerce, a division of the world's leading logistics company, Deutsche Post DHL Group (DPDHL), on August 15 announced its partnership with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan to offer domestic delivery for Shopee sellers and buyers across Malaysia. The move is an extension...

Read more

Kenyan farmers toast growing European demand for avocados

THIKA (Kenya), Aug 15 (AFP): It may be loved and derided as the go-to millennial brunch, but avocado toast is proving a boon for Kenyan farmers as they cash in on the seemingly ever-growing enthusiasm.Across Kenya's ochre fields, farmers are switching coffee and tea for avocados in a bid to...

Read more

Oil falls on US stocks rise, weaker economic outlook

LONDON, Aug 15 (Reuters): Oil prices fell on Wednesday, weighed down by a gloomier global economic outlook and a report of rising US crude inventories, even as US sanctions on Tehran threatened to curb Iranian crude oil supplies.Global benchmark Brent crude oil LCOc1 was down 50 cents a barrel at...

Read more

GFG Alliance to build 280 MW solar plant in South Australia

MELBOURNE, Aug 15 (Reuters): SIMEC Zen Energy, a unit of the Gupta group's commodity conglomerate GFG Alliance, is building a large solar plant in South Australia as the state rolls out more solar energy to curtail high prices and guard against power blackouts.SIMEC will build a 280 megawatt (MW) solar...

Read more

Chairman of Bangladesh Krishi Bank (BKB) Mohammad Ismail along with the officials

The Chairman of Bangladesh Krishi Bank (BKB) Mohammad Ismail along with the officials of different levels paying tributes to the portrait of Father of the Nation Bangabandhu Sheikh Mujibur Rahman marking the National Mourning Day at Dhanmondi 32. Managing Director (In charge) Mohammad Fakhrul Alam, high officials and all officers...

Read more