Central Banks Plan to Cut Dollar Reserves as Gold and AI Gain Prominence.
Central banks around the world are planning to reduce their holdings of U.S. dollars over the coming decade for the first time, […]
Adani Targets 10 GW Nuclear Power Capacity in India by 2035.
Adani Group, the conglomerate of Indian billionaire Gautam Adani, could become India’s biggest private nuclear power capacity developer within a decade, targeting […]
Samsung to announce US$648bil investments in South Korea.
Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a […]
Oil prices ease after spiking over halt to Strait of Hormuz evacuation plan.
il prices have eased after jumping earlier amid renewed violence in the Strait of Hormuz. Brent crude, the international benchmark, fell more […]
Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers.
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the […]
ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project.
The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil […]
China has record foreign investment outflow as US$168 billion exit.
CHINA saw record outflows of foreign direct investment (FDI) last year, an exodus that threatens to persist after the resumption of a […]
SK Hynix surpasses Samsung to become South Korea’s most valuable company as AI memory demand reshapes the semiconductor hierarchy.
Samsung’s 26-year run as South Korea’s most valuable listed company is over, at least for now. SK Hynix took the crown on […]
China targets US rare earth and other firms with export controls.
China added MP Materials and USA Rare Earth, as well as eight other US entities it said are linked to the US military to its […]
Brent falls after US-Iran talks conclude in Switzerland.
Brent crude prices slid on Monday after US-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and […]
Shipping stalls in Strait of Hormuz after Iran declares key waterway shut.
Shipping in the Strait of Hormuz has plunged following Iran’s announcement that it has closed the waterway once again over Israel’s strikes […]
Equinor to Boost Troll Gas Output with $412 Million Subsea Development.
Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development […]