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Economy

Commodity prices slump to new lows

WT24 Desk LONDON – Oil, metals and sugar prices all slumped this week to new lows, weighed down by ample supplies and a strong dollar, analysts said, AFP reports.  “Commodity prices have had a weak start to August as concerns ...

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Oil prices up in Asian trade

WT24 Desk SINGAPORE – Oil prices rose in Asia today after a mixed US energy report showed a healthy decline in crude stockpiles but a rise in output that could aggravate the global supply glut, AFP reports. US benchmark West ...

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Standard Chartered profit falls by 44%

WT24 Desk Standard Chartered Bank has reported a 44.0 percent drop in half-yearly profits when the revenue for the first six months of 2015 was also down 8.0 percent from the previous year, agencies report.  “We have delivered good progress ...

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