Oil prices were little changed on Wednesday but are set to fall more than 15% for 2025, as supply outpaced demand in a year marked by wars, higher tariffs and Opec+ output and sanctions on Russia, Iran and Venezuela.
Chinese electric vehicle (EV) maker Leapmotor expects to sell more than 4 million vehicles a year within the next decade, CEO Zhu Jiangming said on Monday.
China announced tariff adjustments for certain products starting in 2026, including reduced import duties on resource-based commodities such as recycled black powder for lithium-ion batteries.
Asian shares steadied on Tuesday as investors counted bumper gains heading into year-end trade, while silver and gold found their footing after a sharp pullback from record highs took some froth off the precious metals' searing rally.
A see-saw year for the US economy in 2025 looks set to give way to a stronger 2026 thanks to tailwinds from President Donald Trump's tax cuts, less uncertainty around tariffs, the ongoing artificial intelligence boom and a late-year run of interest-rate reductions from the Federal Reserve.
Oil prices were little changed on Tuesday following a gain of more than 2 per cent in the previous session after Russia accused Ukraine of attacking President Vladimir Putin's residence and investors sought clarity on Ukraine peace talks to gauge potential supply disruptions.