Market News

    China's industrial profits shrink most since late 2011

    BEIJING (Reuters) - Profits at China’s industrial firms suffered their worst contraction since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on businesses.

    Oil prices dip after U.S. inventory gain

    TOKYO (Reuters) - Oil prices edged lower on Wednesday after an industry report showed an unexpected rise in U.S. crude inventories, but losses were capped by ongoing supply curbs and issues affecting output from countries including Venezuela.