Oil prices fell on Thursday as investors assessed the risk of supply disruptions following attacks on ships in the Strait of Hormuz and considered the outlook for global crude supplies outlined in
Indonesia has launched one of its largest corruption investigations in decades, targeting powerful oil trader Mohammad Riza Chalid in a sweeping $18 billion probe into state-owned energy giant PT Pertamina, Bloomberg reported.
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JPMorgan Chase is weighing plans to construct a new tower at Canary Wharf as it assesses the long-term future of its European headquarters in London. The US banking giant is examining whether
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China’s $11 trillion stock market is once again under scrutiny as weak long-term returns continue to weigh on household confidence and consumer spending, presenting challenges not only for President Xi Jinping but
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The Canadian government has intervened to end a strike by more than 10,000 Air Canada flight attendants, less than half a day after it began, following hundreds of flight cancellations that disrupted
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Banks and companies across emerging markets are rushing to international debt markets at the fastest pace in four years, taking advantage of lower borrowing costs as investors demand the smallest premium over
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Credit markets in the United States have tightened to levels not seen in more than two decades, with the premium that investment-grade companies pay to borrow above government bonds falling to its
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A sweeping U.S. plan to levy steep port fees on Chinese-built and Chinese-owned ships is reshaping global shipping routes, with many carriers already pulling such vessels from American ports months before the
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The Trump administration is in talks with Intel Corp. about a potential U.S. government stake in the struggling chipmaker, according to people familiar with the matter, in what would mark another high-profile
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China is preparing a fresh push to clear its vast housing glut by mobilizing major central government-owned enterprises and bad-debt managers to purchase unsold homes from distressed developers, according to people familiar
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CK Hutchison Holdings, the Hong Kong-listed conglomerate controlled by billionaire Li Ka-shing, saw its interim profits tumble 92% in the first half of 2025, weighed down by one-off costs linked to its
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The Ceylon Chamber of Commerce welcomed the Ambassador of the United States to Sri Lanka, Julie Chung, for a courtesy meeting with its leadership to discuss opportunities for trade, investment, and economic
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China’s Xiluodu Dam, one of the world’s largest hydropower stations, has completed a full transition from Western-made industrial control chips to domestically developed systems, in a move aimed at bolstering national security
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Trading activity on China’s stock exchanges surged to its highest level in nearly six months on Wednesday, signaling growing bullish sentiment among investors, Bloomberg reported. Turnover across mainland exchanges reached 2.15 trillion
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Indian refiner Nayara Energy Ltd. has carried out one of its first ship-to-ship fuel transfers since being hit by European Union sanctions, in an apparent effort to maintain exports despite mounting restrictions,
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British MP Tulip Siddiq allegedly used her “special power” as a parliamentarian to pressure her aunt, former Bangladeshi prime minister Sheikh Hasina, into securing state-owned land for family members, prosecutors told a
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