Oil extended losses in New York after tumbling with most commodities on the U.K. vote to leave the European Union. Futures slipped as much as 0.9 percent after dropping 4.9 percent Friday amid a global flight from risky assets.
TIANJIN, China China plans to cut its steel production capacity this year by 45 million tonnes and lower coal output capacity by 280 million tonnes, the head of the country's top economic planner said on Sunday.
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NEW YORK U.S. stock index futures eased slightly in early trading on Sunday after Britain's vote to leave the European Union sparked a sharp sell-off in global markets on Friday, wiping out over $2 trillion from world equities.
A Chinese freighter laden with nearly 9,500 metal cargo containers transited the expanded Panama Canal on Sunday, inaugurating the interoceanic waterway and opening a new era in global trade.