Australia, aing in standout today. Japan is on a lunch break, the nikkei up 1. 25 . Investors in hong kong continuing to take a gamble on casino stocks. In the last hour, the world bank issuing its latest outlook for east asia. The bank expecting economies to post only moderate growth this year. They have been cutting the regions forecast through the end of 2017. Full of glam, but we were talking about it full of gloom, but some positive notesha. Slinda some positive notes. A china is the second largest economy in the world. Asia forecast to grow 6. 5 , it grew 6. 8 last year. China likely to grow 6. 9 this year. We are talking about the likes of indonesia, malaysia, the philippines. There forecast for the year there forecast for the year as the result of continuing pressure in the industries of tourism. Scope is bank says the limited. It is an interdependent world. Is asia susceptible to this greater degree of uncertainty . Growth,rowth, moderate no need to panic. The World Bank Says
And were starting with the latest incident in the volatile Gulf Region Oil prices have surged after what is believed to have been a missile strike on and ukrainian tanker in the red sea benchmark brant crude oil rose over 2 percent in trading to reach 60. 40 a barrel after this beauty was hits off the saudi port city of jeddah the ship was headed towards iran or in the gulf it was the latest strike by an unknown attacker on Oil Facilities in the gulf region a bombing office saudi arabias largest Oil Processing facility this summer caused a 10 percent spike in the oil price but markets calmed quickly as output was restored. For more im joined now by joseph head of oil and gas and alice is at Fitch Solutions in london good to have you with us so you comparison to this attack on saudi Oil Processing facility in summer how serious is this latest incident for
the oil market. Thank you monica the latest its the to is relatively minor in comparison to last months attack on iran cos facilities
Latest incident is relatively minor in comparison to last months attack on iran cos facilities there was no impact on Oil Facilities here and we dont expect any disruption to markets you know with the trade of crude going for as you mentioned earlier in the segment prices did rise above 2 percent however they have since moderated about one percent gains off the news so this point it seems to be a relatively minor impact to oil markets but the International Energy agency certainly warns that there is some volatility that is having an effect on Energy Prices but there are all the also all the factors weighing on the Energy Market could you elaborate on that. Thats correct so from our view here future lesions what we see is some definitely bearish sentiment in the market place this person meant is really predicated off the view that the Global Economy is slowing were seeing weakness in a lot of key markets fuel demand is down in the emerging and developed markets in addition to us china t
Stop selling, importing products involved in palm oil boycott, says Jo Ghani – MPOC mpoc.org.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mpoc.org.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Stern action will be taken against retailers, distributors and importers dealing in products with labels that discriminate against palm oil products, says Datuk Seri Johari Abdul Ghani.