Saudi Arabia has temporarily shut its 1,200-kilometre East-West oil pipeline after a drone attack damaged the vital crude conduit, adding to mounting disruptions to energy flows across the Middle East as the
China’s producer prices rose for a third consecutive month in May, reaching their highest level since July 2022, as global energy shocks and stronger demand from artificial intelligence-related industries pushed upstream costs
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Asian equities tumbled on Wednesday while oil prices edged higher after a renewed escalation in hostilities between Iran and the United States, raising geopolitical uncertainty and intensifying market focus on upcoming U.S.
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Elon Musk’s SpaceX has attracted more than $250 billion in investor demand for its planned initial public offering, according to people familiar with the matter, marking one of the strongest subscription levels
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BYD Chairman Wang Chuanfu said on Tuesday that he expects the Chinese electric vehicle maker to become the world’s largest automaker within five years, making the statement at the company’s annual shareholder
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India’s economy and government finances are coming under growing strain from the Iran war, as rising global energy prices and disrupted oil supplies increase inflation risks and pressure fiscal stability, according to
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A behind-the-scenes power struggle at Honda Motor has surfaced after retired senior executives attempted and failed to remove Chief Executive Toshihiro Mibe over mounting concerns about the company’s strategy in China and
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Swiss lawmakers are debating revisions to proposed capital rules for UBS that could materially reduce the financial burden placed on Switzerland’s largest bank, following the collapse of Credit Suisse in 2023, according
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Sovereign bonds may be on the verge of regaining their traditional safe-haven status if geopolitical tensions linked to the Iran conflict escalate further, according to fund managers and analysts cited by Reuters.
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South Korea is experiencing a powerful export-driven economic upswing, fueled by surging global demand for artificial intelligence infrastructure, advanced semiconductors, and defence equipment, as well as a renewed wave of geopolitical rearmament
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Airlines are facing an estimated $100 billion increase in jet fuel costs this year following the Iran conflict, as disruptions to global oil flows send energy prices sharply higher and place severe
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