Oil prices rise adding to strong first quarter gains
Crude oil futures rose in the first day of second quarter trading Monday, adding to commodity's streak of gains this year.
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Crude oil futures rose in the first day of second quarter trading Monday, adding to commodity's streak of gains this year.
This is CNBC's live blog covering Asia-Pacific markets.
BANGKOK (AP) — Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday.
Stock futures rose slightly on Monday morning as Wall Street prepared for the start of the second quarter.
Each year about 90% of world trade is transported by ship, according to the World Economic Forum. While commodities like oil and grain make up 40% of that cargo, large steel containers, filled with appliances, smartphones, and couches, make up the remainder.
TOKYO -- A main factor in the yen's continued decline against the dollar and other currencies is a growing reluctance among Japanese businesses to repatriate overseas profits.
MANILA -- In the contested waters of the South China Sea, the confrontation between China and the Philippines is intensifying. Manila accuses Chinese vessels of repeatedly harassing Philippine boats with water cannons and other methods such as deliberately colliding with them.
TOKYO -- Mitsui will invest roughly 84 billion yen ($560 million) to develop a gas field in southern Vietnam under a project led by the Southeast Asian nation's state oil company, the Japanese trading house announced Friday.