Browsing: Business

– Oil prices experienced a slight rebound on Tuesday following a decline of more than 2% in the previous session for Brent crude and WTI. Brent futures increased by 27 cents, or 0.3%, reaching $92.44 a barrel at 0330 GMT.

– Alibaba Group has announced an HK$80 billion share placement aimed at boosting its investments in artificial intelligence and enhancing its AI infrastructure. The Chinese tech giant plans to issue 710 million new ordinary shares at HK$112.70 each, valuing the

– South Korea has launched its inaugural container vessel trial 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 maintained its key interest rates without change on August 20, marking the continuation of its policy pause for the fourth consecutive meeting. The Monetary Policy Committee kept the overnight deposit rate at 19% and the

– In July 2026, Japan’s trade activities reached historic highs for both imports and exports, driven by rising energy costs and increased semiconductor demand that boosted trade values. Imports surged by 27.8% compared to the previous year, totaling approximately 12.15

– On Wednesday, U.S. equities experienced modest increases as long-term Treasury yields declined sharply. The S&P 500 added 16.22 points, or 0.21%, closing at 7,707.98 and ending a three-day losing streak. The Dow Jones Industrial Average rose by 119.65 points,

– On Friday, global markets for precious metals experienced a downward trend, with spot gold prices decreasing and setting the stage for an overall weekly decline. Market data indicated that spot gold fell by 0.5 percent to trade at $4,326.75

– In July 2026, global electric vehicle sales increased by 9% year on year, reaching a total of 1.85 million units. This boost pushed the total sales for the first seven months of 2026 to 11.5 million vehicles, representing a

– In July 2026, South Korea’s auto export earnings climbed by 7.0% compared to the same month last year, reaching a total of US$6.24 billion. This figure represents the highest export value ever recorded for July. According to the Ministry

– On Wednesday, diesel prices stayed high due to tightening supplies of refined products, exerting upward pressure on fuel markets in both the United States and Europe. U.S. ultra-low sulfur diesel futures experienced a 7.4% jump on Monday, closing at