The outlook for the Great Barrier Reef has deteriorated from poor to very poor according to an exhaustive government report that warns the window of opportunity to improve the natural wonder’s future ‘is now’.
OPEC delivered a bearish oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply.
The outlook on Portugal’s government bond rating was changed to positive by Moody’s Investors Service on a continued decline in the government’s debt burden and sustained improvements in the banking sector.
British business activity, which has been buffeted by the country’s Brexit crisis, fell again in the three months to July but is expected to pick up over the next three months, the Confederation of British Industry (CBI) said on Sunday.
The Bank of Japan is expected to maintain its massive stimulus program on Thursday and signal its readiness to ramp up monetary support if growing risks such as the escalating US-China trade war threaten the economy’s modest expansion.
Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.
The Mexican government faces a one-in-three chance of having its credit rating downgraded over the coming year, as public finances struggle with mounting liabilities and slowing growth, rating agency Standard & Poor’s said on Friday.
Sony Corp. lifted its annual operating profit outlook by 30 percent to a record level after a strong second-quarter, bolstered by popular game titles as well as growing demand for its online gaming services.
Singapore’s economic growth slowed in the second quarter and missed forecasts, preliminary data showed on Friday, as manufacturing activity cooled and worsening US-China trade tensions clouded the outlook for the trade-reliant city-state.
Market for Asian oil products has just entered the second quarter amid signs of some recovery in gasoline demand and tightness in naphtha supply, while the outlook for jet/kerosene appears bearish. The following are some factors that traders said might influence various oil products in Asia in the April-June quarter.