Browsing: Business
– Oil prices experienced a slight uptick on Tuesday after both Brent crude and WTI declined by over 2% in the previous trading session. By 0330 GMT, Brent futures had increased by 27 cents, or 0.3%, reaching $92.44 per barrel.
– Alibaba Group has announced an HK$80 billion share issuance aimed at funding its artificial intelligence expansion and enhancing its AI capabilities. The Chinese tech giant will issue 710 million new ordinary shares at HK$112.70 each, translating to roughly US$10.2
– South Korea has initiated its inaugural container ship expedition via the Arctic route to Europe. The 2,758-TEU PanStar Acro departed from Busan New Port around 9 p.m. on August 22. The Ministry of Oceans and Fisheries verified the departure
– Central Bank of Egypt held its main interest rates steady on August 20, marking the fourth consecutive meeting without adjustments. The Monetary Policy Committee maintained the overnight deposit rate at 19% and the overnight lending rate at 20%. Additionally,
– In July 2026, Japan experienced its highest monthly trade values on record for both imports and exports, driven by increased energy costs and strong semiconductor demand that boosted trade figures. Imports expanded by 27.8% year-over-year to approximately 12.15 trillion
– U.S. equities finished with modest increases on Wednesday amid a sharp decline in long-term Treasury yields. The S&P 500 gained 16.22 points, or 0.21%, closing at 7,707.98, breaking a three-day losing streak. The Dow Jones Industrial Average added 119.65
– On Friday, global markets for precious metals experienced downward movement as spot gold prices declined, setting the stage for a weekly decrease. Data from financial markets indicated that spot gold fell 0.5 percent to trade at $4,326.75 per ounce,
– Global electric vehicle sales increased by 9% year on year in July 2026, reaching 1.85 million units. This growth pushed the total sales for the first seven months of the year to 11.5 million vehicles, representing a 4% rise
– In July 2026, South Korea’s automobile exports experienced a 7.0% year-on-year increase, totaling US$6.24 billion. This figure set a new record for exports in the month of July, surpassing the previous high of US$5.90 billion established in 2023, according
– On Wednesday, diesel prices stayed high as limited refined-product availability continued to exert upward pressure on fuel markets across the United States and Europe. U.S. ultra-low sulfur diesel futures surged 7.4% on Monday, closing at $4.19 a gallon, marking