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July 4, 2025
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Oil drops to 4-year low, China metals tumble on recession fears
  • China News

Oil drops to 4-year low, China metals tumble on recession fears

Cs news3 months ago04 mins

Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals tumbled as an intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which climbed to a record peak last week, also fell amid a wider markets sell-off. Major stock indexes…

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China cuts key mortgage rate, ‘encouraging sign’ amid push to stabilise property market
  • Finance

China cuts key mortgage rate, ‘encouraging sign’ amid push to stabilise property market

Cs news9 months ago9 months ago02 mins

China announced on Monday it had slashed a key reference rate for mortgage loans by a quarter of a percentage point, as the country stepped up efforts to stabilise the property market. The benchmark five-year loan prime rate (LPR) was lowered from 3.85 per cent to 3.6 per cent, while the one-year lending rate was…

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