Commodity Revenue at Top Banks Climbs in Asia as Loans Rise

Commodity revenue at the world’s top 10 investment banks advanced 9 percent in the Asia-Pacific region in the first half as financing increased for oil and metals producers in China, said Coalition.

Markets ease ahead of Chinese data

LONDON (AP) — Markets gave up some recent gains Wednesday after more downbeat European economic news and ahead of a raft of Chinese data that will shed light on the state of the world's second-largest economy.

China Iran oil imports rise as payment dispute resolved

China's imports of crude oil from Iran rebounded in May after the two countries resolved a payment dispute. Beijing imported almost 524,000 barrels per day, a 35% jump from the previous month.

China raises fuel prices for second time in a month

China has raised the price of petrol by about 6% and diesel about 7% for the second time in 2012, as it struggles with the rising cost of crude oil.