China’s economy, which has been facing headwinds from the Covid-19 pandemic, trade tensions and domestic challenges, is showing signs of recovery as consumer spending picks...
Vale executive says Chinese steel demand is not as weak as it seems
According to a Reuters report, Brazilian miner Vale SA’s vice president of iron ore solutions, Marcello Spinelli, said that China’s steel demand is declining, but...
RBA Holds Rates as Inflation Cools Down in Australia
Australia’s inflation rate slowed down more than anticipated in the month of July, reflecting global trends and strengthening the case for the Reserve Bank of...
Costco’s China success defies retail slowdown
Costco, the U.S.-based wholesale retailer, has been expanding its presence in China amid a broad slowdown in the country’s consumer market. The company opened two...
Fed’s Job Openings Obsession Finally Ends, Says Bloomberg
According to a Bloomberg opinion article, the Federal Reserve’s fixation with the job openings data from the Job Openings and Labor Turnover Survey (JOLTS) is...
Oil Prices Surge After Unexpected Drop In U.S. Crude Stocks
Oil prices rose sharply on Tuesday after the American Petroleum Institute (API) reported a surprise crash in U.S. crude inventories, signaling a tightening supply-demand balance...
Pound Sterling rises as US yields fall and UK inflation expectations increase
The British pound (GBP) gained some ground against the US dollar (USD) on Tuesday, as the greenback weakened amid lower US Treasury yields and disappointing...
Natural Gas Price Rises for Fifth Day Despite US Dollar’s Bounce
Natural gas price (XNG/USD) extended its rally for the fifth consecutive day on Tuesday, reaching a two-week high of $2.82 amid strong demand and supply...
Unilever wins legal battle over Ben & Jerry’s boycott of Israeli settlements
A federal judge in New York has dismissed a lawsuit filed by a group of shareholders against Unilever, the parent company of Ben & Jerry’s,...
Fortescue Metals loses its CEO amid renewable energy shift
Fiona Hick, the chief executive officer of Fortescue Metals Group, has resigned from her position after only six months in the role. The Australian iron...
Saudi Oil Driller Plans to Raise $1 Billion in Riyadh IPO
Saudi Arabia’s Ades International Holding, a provider of oil and gas drilling and production services, is set to launch its initial public offering (IPO) in...
China’s economic slowdown hits corporate earnings and outlooks
China’s economic slowdown is taking a toll on the performance and prospects of its corporate sector, especially in the financial and property industries, which are...
Japan’s Startups to Benefit from Easier Stock-Option Tax Rules
Japan’s government and ruling Liberal Democratic Party have announced plans to ease the tax rules for stock options granted by startups to their employees and...
ZIM Integrated Shipping Services Gets a Boost from Industrial Alliance Investment Management
Industrial Alliance Investment Management Inc., a Canadian financial services company, has increased its stake in ZIM Integrated Shipping Services Ltd., an Israeli container shipping company,...
Japanese distillers get loans backed by whisky and sake NFTs
Japanese lenders are tapping into the common feature of whisky and other fine spirits that take time to mature, to extend distillers financing. One approach...
Polestar 4 EV to feature Mobileye’s hands-off autonomous driving technology
Polestar, the performance electric vehicle brand from the Geely Group, has announced that it will collaborate with Mobileye, a leader in autonomous driving technology, to...