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US crude hits lowest level since March

US crude extends its losses, falling below the $98 a barrel mark to its lowest level since March, after news of a longer than expected shutdown at a key oil refinery

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Australian shares fall, investors wary before US payrolls

SYDNEY, Aug 1 (Reuters) – Australian shares fell 1.4 percent on Friday after Wall Street tumbled overnight on fears the Federal Reserve may start its rate-tightening cycle sooner than expected, and…

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China Rongsheng shares fall after first-half profit warning

SHANGHAI, Aug 1 (Reuters) – Shares of China Rongsheng Heavy Industries Group, the country’s largest private shipbuilder, fell 4.4 percent on Friday after the company said it expects to post a…

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