China’s US$7 trillion cash pile is shifting into stocks, gold.
CHINESE households are scouring for higher-yielding investments as roughly US$7 trillion in time deposits come due this year, a shift that could […]
GIC to invest US$1.5 billion in AI start-up Anthropic.
SINGAPORE’S GIC, venture capital firm Sequoia and US investor Coatue will take part in a funding round for Anthropic which aims to […]
Venezuela Moves to Resume Dollar Sales, Halting Bolivar Rout.
Venezuela is preparing to resume sales of dollars, bringing relief to its battered currency after a US oil blockade riled the local […]
Trump’s Venezuela Oil Plan Targets $100 Billion Energy Investment.
Trump’s Venezuela oil plan represents far more than a simple resource acquisition strategy. This multifaceted approach involves complex geopolitical positioning, massive infrastructure […]
Copper-rich Zambia strikes new trade deal with China as US dollar value is set to fall.
Zambian Ambassador to China, Ivan Zyuulu, presided over the launch of the China–SCO Economic and Trade Exchange Centre and the Guangdong and […]
US, Taiwan come to $250B ‘America First’ tariff deal over semiconductors.
The United States and Taiwan on Thursday reached a new trade agreement aimed at reshoring semiconductor manufacturing and strengthening U.S. supply chains, […]
Industry minister vows to expand free trade portfolio for export target of $700b
Industry Minister Ahn Duk-geun on Monday pledged to make efforts to secure additional free trade agreements with more partners to achieve the […]
Zimbabwe’s largest gold mine secures $132 million investment from Canadian firm.
Caledonia Mining Corporation said it plans to spend about $132 million this year to kick-start development of what is expected to become […]
Chevron to Exxon: These oil and energy stocks gained up to 16% after Venezuela crisis.
The political upheaval in Venezuela has pushed one of the world’s most underdeveloped oil provinces back into the spotlight. While oil prices […]
Saudi Aramco Signs Long-Term LNG Supply Agreement in Louisiana.
Saudi Aramco signed a long-term supply deal with Commonwealth LNG, Reuters has reported, citing unnamed sources in the know. The size of […]
AfDB, Arab stakeholders launch co-financing, investment partnership.
The Arab Coordination Group (ACG) and the African Development Bank Group have launched a new phase of their partnership aimed at scaling […]
U.S. Sells First Venezuela Oil Cargo for $500 Million.
The United States has sold the first cargo of Venezuelan cargo it received from the country after the ousting of President Nicolas […]