Market News

    IMF: China's 2020 GDP likely to double June forecast

    The International Monetary Fund has predicted that China's economy will expand by 1.9 percent this year, nearly double the rate forecast in June, and the country is expected to continue to lead the global economic recovery with robust production and a solid services sector rebound, economists said on Wednesday.

    Oil holds gains on shrinking U.S. stockpiles

    MELBOURNE (Reuters) - Oil prices rose slightly in early trade on Thursday after data showed U.S. crude stockpiles fell last week, adding to 2% gains overnight, as OPEC and its allies were seen fully complying in September with their pact to curb output.