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
Kuwait Petroleum Corp. (KPC) has enlisted JPMorgan Chase & Co. to advise on a potential leasing deal involving part of its pipeline network, according to people familiar with the matter. The state-run
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The European Union is preparing to raise tariffs on steel imports to 50%, according to a draft proposal seen by Bloomberg. The move would bring the bloc’s trade policy closer to that
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Indonesia’s central bank is facing heightened pressure from the government as finance minister Purbaya Yudhi Sadewa signals he does not support Bank Indonesia’s independence, fueling investor concerns about fiscal dominance and market
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After years of being spurned by major banks, former President Donald Trump’s family wealth has found a new home at Citigroup Inc., with his son Eric Trump establishing a trust at the
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JPMorgan Chase & Co. has raised its price target for Alibaba Group Holding Ltd.’s Hong Kong-listed shares by nearly 45%, setting the highest target among analysts tracked by Bloomberg. The new target
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China is restricting the use of European telecom equipment in its networks, targeting suppliers such as Nokia and Ericsson, as President Xi Jinping accelerates efforts to decouple the country’s critical technology infrastructure
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Gold prices extended a four-day rally on Wednesday, approaching record highs, as investors weighed the risk of a potential U.S. government shutdown, which could bolster demand for haven assets. The surge has
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ACS Capital, a licensed capital markets firm in Sri Lanka, has announced a strategic partnership with the Edinburgh University Trading & Investment Club (EUTIC), Scotland’s largest student-led investment fund. The collaboration is
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Hai Robotics, a global leader in intelligent warehouse automation systems, has announced the appointment of Thomas Gwee as its new Regional Head for Australia and New Zealand (ANZ), as the company accelerates
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Global trading of the Chinese yuan has surged to $817 billion a day, continuing a decade-long trend and bringing volumes closer to those of the British pound, according to the Bank for
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China’s state-run iron ore buyer, China Mineral Resources Group Co. (CMRG), has instructed domestic steelmakers and traders to temporarily halt purchases of all new BHP Group cargoes, escalating a pricing dispute that
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HSBC faces a period of uncertainty as Mark Tucker prepares to step down as chair on Tuesday, ending an eight-year tenure at Europe’s largest lender. The departure leaves the bank without a
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China’s manufacturing sector showed slight improvement in September, but the broader economy faces ongoing challenges, marking a sixth consecutive month of contraction—the longest slump since 2019, Bloomberg reports. The National Bureau of
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Chinese tech giant Alibaba Group Holding Ltd. is reportedly in talks to acquire the top 13 floors of One Causeway Bay in Hong Kong in a deal valued at around HK$7 billion
More The $55 billion take-private of Electronic Arts Inc. has already set records, including being called the largest leveraged buyout (LBO) ever, according to market sources. Central to the deal is JPMorgan Chase
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