Oil prices crept lower in Asian trade on Wednesday, shrugging off signs of a bigger-than-expected draw in U.S. inventories as concerns over worsening Chinese economic conditions and rising interest rates weighed. 

South Korea will expand financing support for exporting companies by around 50% more this year, the financial regulator said on Wednesday, to bolster exports amid persistently weak demand.

Basic wages in Britain hit a new record growth rate, figures showed on Tuesday, adding to worries for the Bank of England (BoE) about long-term inflation pressures even after 14 back-to-back increases in interest rates.

British grocery inflation eased for a fifth straight month in August while wet weather dented sales growth, industry data showed on Tuesday.

Big Japanese manufacturers and service-sector firms signalled improved business morale in August, a monthly Reuters poll showed on Wednesday, reflecting a gradual economic recovery from COVID-induced doldrums despite an uncertain global outlook.

Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money he was making only a few months ago working a regular shift, as he competes with an increasing number of Chinese rushing into the ride-hailing industry.