China, India will sustain global economy despite high oil prices, BHP says
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Rising oil prices are slowing growth across the world but key emerging economies such as China and India will continue to support the near-term outlook for commodities, the world's largest mining company said Friday.
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Oil prices struck a fresh record high  above $47 a barrel on Thursday as fresh evidence of demand  growth in China and India underlined how rising appetite for  oil is straining the world's supply system.
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Crude hovers around $46 a barrel amid demand from most populous country, damage reports from Ivan. LONDON  - Oil prices held above $46 a barrel Tuesday as China showed no letup in its strong demand
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The global economy should register its strongest growth in three decades in 2004 despite soaring oil prices, which are expected to restrain the US expansion a bit, the International Monetary Fund said Wednesday.
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The global economy is expected to log solid growth this year and next, although elevated energy prices and inflation hover as risks, the chief of the International Monetary Fund said Tuesday.
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For one thing, even if Chinese growth slowed in the third quarter, it won&#39;t indicate whether Asia&#39;s second-biggest economy is avoiding a hard landing.
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Oil prices rallied to a record high  above $55 a barrel on Friday on rising fears of a winter fuel  supply crunch and robust economic growth in China, the world's  number two user.
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PARIS  - China, Japan and North America will pull the global economy forward over the next two years despite headwinds thrown up by high oil prices and tenacious deficits, the OECD predicted.
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SINGAPORE -- The restoring of oil exports from Iraq helped keep prices steady in Asia Tuesday but concerns over supply stability continues to keep the market near historic highs.
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BEIJING: Record oil prices have had only &quot;limited&quot; impact on the Chinese economy but the country needs to be keep a close watch on the issue, a senior official said.
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The soaring cost of oil has hit global economic growth, although world&#39;s major economies should weather the storm of price rises, according to the OECD.
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China&#39;s leaders vowed Sunday to sustain steady economic development and control investment in fixed assets in 2005, state media said.
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Paris - Global oil reserves will remain abundant for several decades despite a surge in energy demand but vulnerable supply routes and reliance on fossil fuels loom as potential risks, the International Energy Agency said Tuesday.
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China&#39;s leaders pledged at a key policy meeting to keep the economy on track next year while raising farm incomes, promoting energy conservation and holding down investment in overheated industries, state media said Monday.
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China, Japan and North America will pull the global economy forward over the next two years despite headwinds thrown up by high oil prices and tenacious deficits, the OECD said Tuesday.
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Oil prices keep climbing but for the moment the economists are sticking to the line that the global and Australian economies will weather the storm.
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Oil prices struck a fresh record high above $47 a barrel on Thursday as fresh evidence of demand growth in China and India underlined how rising appetite for oil is straining the world&#39;s supply system.