China stocks end higher on PBOC’s surprise RRR cut

2021-07-12 13:55:40

SHANGHAI: China’s blue-chip share index jumped on Monday as risk appetite improved after the central bank said it would cut reserve requirements to prop up the economy, outweighing any investor concerns about Washington’s new sanctions.

The blue-chip CSI300 index closed up 1.25% at 5,132.71 points. Despite its strong performance on Monday, the index was, however, down 1.5% for the year and more than 13% below peaks hit in February.

At the close, the benchmark Shanghai Composite index was

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Indian oil refiners shut for work before likely demand pickup

2021-06-09 12:00:30

refiners are taking advantage of weak demand due to the virus resurgence to carry out maintenance in anticipation of a revival in fuel consumption in the coming months.
has lined up work at its plants across India, while Hindustan Petroleum Corp. is completing pending repairs and an expansion of its Mumbai refinery. There’s no set season for maintenance in India, although processors often do it around March and April.

Fuels sales plunged about 30 per cent in

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