Kuwait urges Saudi to resume output at disputed oil field

Kuwait City (AFP) - Kuwait has called on Saudi Arabia to resume production at a disputed border oil field, saying its neighbour will be held responsible for revenue losses, reports said Tuesday.

China and the dollar may be about to collide

Who wants a boring Monday, anyway? Chinese shares saw the biggest daily fall since 2007 overnight, partly on fears that officials may be trying to pull back on supporting the market.

Gold sinks to 2010 levels

Gold fell to its lowest price for more than five years last week, as the precious metal was buffeted by the deal to avert a Greek bankruptcy, a potential US interest rate increase and a sharp selloff in China.

Federal Reserve draws criticism after mistakenly releasing rate forecast

Staff economists at the Federal Reserve expect a quarter-point US interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism of its ability to keep secrets.

Bank of England warns Greek debt crisis could delay interest rate rise

Bank of England policymakers are concerned that backsliding in talks to resolve the Greek debt crisis could delay Britain’s first interest rate rise in eight years, but admitted that the prospect of a hike is increasing as the UK economy strengthens.

Oil prices rebound slightly after ducking under $50

London (AFP) - World oil prices ducked briefly under $50 per barrel on Tuesday, before staging a modest rebound on the eve of the latest snapshot of US crude inventories.

China's corporate debt 160 of GDP twice US level

HONG KONG: Beijing may have averted a crisis in its stock markets with heavy-handed intervention but the world's biggest corporate debt pile 16.1 trillion and rising is a much greater threat to its slowing economy and will not be so easily managed.