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China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to support the Covid-hit economy. Economists and analysts said they believe Chinese authorities are keen to support the sluggish …

Oil prices dropped for a second session on Monday after the head of the world’s top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage last week. Brent crude futures fell 27 …

Japan’s economy expanded in the three months to June, official data showed Monday, after the government lifted Covid-19 curbs on businesses. The world’s third-largest economy grew 0.5% quarter-on-quarter due to stronger consumption and capital investment. While the country never imposed strict stay-at-home orders during the pandemic, the government in March …