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World Market News

Brent could rally above $75 if Saudi outage extends beyond 6 weeks: Goldman

Oil prices surged on Monday, with global benchmark Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after the attack on Saturday shut over 5% of global supply.

World must invest $1.8 trillion to take on climate change: report

A global commission — which includes billionaire Bill Gates and former UN chief Ban Ki-moon — has called on nations to invest now to protect against the effects of climate change.

Down, down they go: Emerging central banks deliver most rate cuts in a decade

Interest rate moves by central banks across a group of 37 developing economies showed a net fourteen rate cuts last month - the largest number since policy makers ramped up measures to kickstart economic growth in the wake of the financial crisis.

As Chinese currency’s declines, it’s not all Beijing’s doing

Since the Trump administration began to talk of imposing tariffs on Chinese exports in early 2018, the currency is down roughly 10%. The drop has picked up speed in August, with the yuan down about 4%.

Big brands say ‘sorry’ as China market expands

Calvin Klein, Coach, Givenchy, Dolce & Gabbana, Swarovski — and now, Versace. The list of foreign brands that have generated online fury in China would make for a glittering evening of luxury and fashion.

Asian stocks bounce in relief as Trump delays China tariffs

In volatile trading, the yen retreated to 106.980 per dollar overnight before finding its footing. On Monday, the Japanese currency had brushed a seven-month peak near 105.000.

Mukesh Ambani loses $2.4 billion in one-day market meltdown

Twenty-one members of the Bloomberg Billionaires Index lost $1 billion or more as investors reacted to stepped-up tensions between the US and China.

‘Expect craziness’ as China readies debut of Nasdaq-style board

They were learning survival techniques from veteran trader Shen Shikang, who predicted "a burst of stir-frying" -- quick buying and selling of stocks -- when trading starts on Monday.

World market: Oil prices edge down ahead of expected weak China data

Brent crude futures for September fell 6 cents to $66.66 a barrel by 0022 GMT. U.S. crude for August was down 5 cents at $60.16 a barrel, after both contracts last week posted their biggest weekly gains in three weeks.

Oil prices rise amid Gulf of Mexico storm, Middle East tensions

Brent crude futures were up 37 cents, or 0.6%, at $66.89 per barrel by 0115 GMT. The international benchmark settled down 0.7% on Thursday after hitting its highest since May 30 at $67.52 a barrel.

US oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions

US West Texas Intermediate (WTI) crude futures were up 11 cents at $60.54 a barrel by 0055 GMT, after earlier touching the highest since May 23 at $60.63. They gained 4.5% in the previous session.

Sensex resumes downward spiral; Bajaj Finance cracks 5%

BSE Sensex continues to deteriorate, on Wednesday. Bajaj, Tata, Axis bank suffer, along with others. Further, the Indian rupee depreciated 6 paise to 68.57 against the US dollar.