| Mobile Web

Search results for International oil prices

Finance

FSC holds emergency check on stock market plunge, urges restraint on credit provision

South Korea’s financial authorities launched an emergency market check after a sharp fall in local stocks. They urged financial companies to refrain from indiscriminate credit provision and to strengthen risk management. Authorities and related agencies agreed to stay alert to heightened volatility while guarding against excessive anxiety and sharp herding. They also said they would step up monitoring for market-disrupting activity and be ready to implement contingency plans quickly if needed.

Industry

Oil-importing countries save $20 billion as EV use expands

Oil-importing countries cut crude consumption by about $20 billion over six months as electric vehicle use expanded worldwide, analysis showed. Energy think tank Ember estimated EVs in oil-importing countries replaced demand for about 200 million barrels of crude in March to August. China had the biggest impact, while the United States lagged in EV share. Ember said EV expansion is becoming an energy security strategy alongside cutting carbon emissions.

Crypto

Bitcoin may break October jinx as hopes grow for bottom despite 3 percent drop

Bitcoin fell 2 percent over 24 hours to around $82,423 and is down 3 percent over the past week, extending weakness in October. October has typically been a strong month for bitcoin, though it entered a bear market after Oct. 10 last year following market fallout from U.S. President Donald Trump’s tariff threats. Japan-based XWIN said signals of a potential bottom are emerging, while others point to bitcoin moving above its 365-day moving average.