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Added on the 07/01/2016 14:28:49 - Copyright : Reuters EN
U.S. stocks fell sharply on Tuesday, with energy shares slammed by lower oil prices and financials dropping on diminished prospects of a near-term rate hike. Bobbi Rebell reports.
Saudi Arabia and Russia have agreed to co-operate in oil markets, sending oil prices higher and world stocks up pm hopes the two top producers would work together to tackle a global glut. Sonia Legg reports
U.S. stocks opened sharply lower for the second straight day on Thursday after China allowed the yuan to decline further and oil prices slumped to near 12-year lows, raising concerns over the state of the global economy. Rough Cut (no reporter narration).
World stocks and commodity prices have tumbled again as poor Chinese data see fears about its economic health make an unwelcome comeback. As Sonia Legg reports, oil prices also fell more than 3 percent after official data showed China's giant manufacturing sector contracted at the fastest pace in three years.
Oil prices fell to near four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global oil supply glut that has halved prices over the past year. Sonia Legg reports
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