HONG KONG: Asian and European markets tumbled and the Turkish lira dived almost 8% yesterday on fears that the economic crisis gripping Turkey could spill over into the global economy.
SINGAPORE (Reuters) - Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply.
The task force on the rubber sector set up by the Central government has proposed a national rubber policy with a package of measures to promote the production and consumption of natural rubber and safeguard the interests of domestic growers.
SYDNEY (Reuters) - Asia share markets slipped and the euro hit one-year lows on Monday as a fresh fall in the Turkish lira fueled demand for safe havens, including the U.S. dollar, Swiss franc and yen.
SINGAPORE (Reuters) - Oil prices inched up on Monday as U.S. sanctions against Iran pointed towards a tighter market, although concerns over slowing economic growth amid global trade tensions kept a lid on gains.
BANGKOK—The Thai government is paying natural rubber growers to stop growing rubber in an effort to raise prices, according to news reports from Thailand.