energy industry

Asian markets rise ahead of US inflation data | News agency

BEIJING (AFP) – Asian stock markets rose on Wednesday as investors awaited US inflation data, and some concern could lead to further interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul prices rose. Sydney refused. Oil prices rebounded from Tuesday’s low but remained below $100 a barrel. The benchmark S&P 500 index fell on Wall …

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Sri Lanka’s prime minister says the economy has “collapsed” and is unable to buy oil

Colombo, Sri Lanka — Sri Lanka’s prime minister told lawmakers on Wednesday that Sri Lanka’s debt-laden economy had “collapsed” after months of shortages of food, fuel and electricity, comments underlining the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil Wickremesinghe told parliament that the South Asian country “is facing a …

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