TOKYO (Reuters) - Asian shares extended losses on Tuesday and European markets look set to follow after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy.
Canadian Oil Sands Ltd., the biggest shareholder in the Syncrude oil sands project, said it has halted crude oil production after a fire damaged equipment at its processing facility in northern Alberta on Saturday.
People walk out of Statistics Canada office building at Tunney's Pasture in Ottawa Thursday July 22, 2010. (ANDRE FORGET/POSTMEDIA NETWORK FILE PHOTO).
DUBAI, Sept 1 Gulf stock markets may rise on Tuesday after oil prices surged overnight, although profit-taking has already erased some of crude's gains and its persistent volatility, along with poor economic data from China, may keep some investors wary.
The Alberta government has acknowledged for the first time that the province will be in recession in 2015, with low oil prices and record wildfires contributing to a provincial deficit now expected to be at least $5.9-billion.