Notizia

MELBOURNE/TOKYO (Reuters) -Oil prices plunged about $4 on Monday as concerns over slower fuel demand in China grew after authorities in Shanghai said they would shut the country's financial hub for a COVID-19 testing blitz over nine days.

BEIJING (Reuters) -Profit growth at China's industrial firms accelerated in January-February in line with other signs of momentum in the economy, although the outlook clouded by COVID-19 outbreaks and the war in Ukraine is stoking calls for supportive measures.

Sainsbury's shareholders are set to vote on a resolution at this year's annual meeting calling for Britain's second biggest supermarket group to commit to paying the so called real Living Wage to all its workers by July 2023.

Oil prices fell more than $3 in early trade on Monday on prospects of a drop in fuel demand in China after authorities in Shanghai said they would shut the country's financial hub for a COVID-19 testing blitz over nine days.

The crude oil market heads into another week of uncertainty, buffeted on one side by the ongoing war between Russia and Ukraine and the expansion of COVID-related lockdowns in China, the world's largest crude importer.

China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing's call for energy companies to raise production.

BEIJING (Reuters) -Profit growth at China's industrial firms accelerated in the first two months of the year in line with other signs of momentum in the economy, although the outlook is clouded by domestic COVID-19 outbreaks and the war in Ukraine.

Profits at China's industrial firms grew at a faster pace in January-February, official data showed on Sunday, in line with other signs of momentum in the economy, although the outlook is clouded by domestic COVID-19 outbreaks and the Ukraine conflict.

Republican U.S. Representative Jeff Fortenberry, who was convicted of lying to FBI investigators about illegal contributions to his 2016 re-election campaign, said on Saturday that he would be resigning from Congress.