Teetering Chinese property giant China Evergrande (3333.HK) formally abandoned plans to sell a $2.6 billion stake in one of its key units on Wednesday, as Beijing officials went out in force to say the problems would not spin out of control.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives erased Wednesday’s gains to end lower today weighed down by market talk of the Chinese government cracking down on speculative bets in the futures market in general, a dealer said.

The government is studying the mechanisms to implement taxation on digital economy businesses that have recorded billions of ringgit in profit in the country.

The International Monetary Fund on Tuesday slashed this year's economic growth forecast for Asia and warned that a fresh wave of COVID-19 infections, supply chain disruptions and inflation pressures pose downside risks to the outlook.

Around the the world, people and businesses are facing shortages of everything from coffee to coal.

Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock spikes in prices

In this month’s report, OPEC revised downward its 2021 estimate due to lower-than-expected actual data for the first three quarters of the year

Crude oil imports into China fell by 6.8 percent over the first nine months of the year, to 387 million tons, according to customs data cited by Reuters.

Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, the International Monetary Fund (IMF) said Wednesday.

Japanese rubber futures fell on Wednesday as China’s falling vehicle sales raised concerns over slower demand in the world’s top rubber consumer while surging energy costs fuelled fears the global economic recovery might be derailed.