Mail & Guardian
Mail & Guardian
Fayen Wong

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Fayen Wong

Great Leap Backward for China’s bullet trains

Great Leap Backward for China’s bullet trains

China’s second-biggest train maker will recall 54 bullet trains used on the new showcase Beijing-Shanghai line for safety reasons.

Oil falls toward $63 as economic gloom counters Opec

Oil fell to near a 17-month low on Monday, extending the previous session’s loss amid growing doubts over whether governments can tame a crisis.

Oil gains over $1 as Gustav shuts US output

Oil prices rose more than $1 on Monday after energy firms in the US Gulf shut down nearly all offshore oil output ahead of Hurricane Gustav.

Oil rises above $116 on military conflict in Georgia

Crude oil rose topped a barrel on Monday, rebounding from a decline on concern fighting between Russia and Georgia could disrupt exports.

Oil rises above $141 on weak dollar, Israel-Iran tensions

Oil rose over , back above a barrel, on Monday bolstered by a weak US dollar and continuing tensions between Israel and Iran.

Oil climbs 1%, Saudi pledge fails to halt rally

Oil rose nearly 1% on Monday, as tensions between Israel and Iran stoked supply concerns and traders doubted Saudi Arabia’s promise to pump more oil.

Oil eases after leap to $100

Oil prices dipped on Thursday, after leaping to a lifetime high of the day before, fuelled by expectations of thinning United States stockpiles, the falling dollar and…

Oil bounces above $96

Oil rose above on Wednesday, bolstered by expectations United States government data would show crude stocks falling for the seventh consecutive week, and as fresh violence in…

Oil leaps to $96 high on US inventory drop

Oil leaped more than 1% on Thursday, briefly topping for the first time and extending the previous day’s 5% jump after an unexpected sharp fall in United States crude stocks and…

Oil falls, Opec concern on world economy

Oil prices fell on Monday, on expectations of higher United States refinery production and after remarks by Opec that it is ready to pump more oil if needed. London Brent crude,…

Double cyclone threat shuts Aussie oil fields

Cyclones off the coast of Western Australia forced the shutdown on Thursday of almost half the country’s oil production as well as a major iron-ore export terminal, with more…