Oil prices recovered some ground in Asian trade on Tuesday, but hovered around six-month lows on concerns over waning Chinese demand and a Saudi Arabian supply glut.
The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data regnited recession fears.
Thailand topped the list of rubber exporting countries in the first half of the year, with shipments of 2.19 million tonnes valued at 70.5 billion baht, the agriculture minister’s adviser revealed on Friday (Aug 12).
Malaysia's economy surged in the second quarter of 2022 as resilience in its services sector helped offset headwinds from high commodity prices and a global economic slowdown.
The U.K. economy shrank in the second quarter for the first time in five quarters, but by a fraction less than expected, as surging inflation damped consumer confidence and the Queen's Platinum Jubilee crimped business activity.
The output of industrial firms in the Eurozone decelerated in June, but still came in above estimates, as a slowdown in the production of non-durable consumer goods was partially offset by strength in the capital goods sector.
