China urges more FX hedging as strong yuan hits exporters
China’s foreign exchange regulator has instructed banks to encourage more corporate clients to hedge currency risks, people with knowledge of the matter […]
Saudi Arabia has shut a critical oil pipeline. Here’s why it matters for the global oil market
Yet another contingency plan for the global oil market – buffeted by more than six months of war between the United States […]
Egypt’s Qalaa moves to double stake in Africa’s $4.3 billion refinery through QatarEnergy deal
Qalaa’s board approved the proposed transaction on September 12, according to a stock-exchange disclosure reported by Arab Finance. If completed, its effective […]
Samsung, SK Hynix reject KEPCO’s $23 billion power prepayment proposal, document shows
Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp (KEPCO) to make a 25 trillion won (S$23.6 […]
China, Russia, India seek economic cooperation at BRICS
BRICS leaders including China, Russia and India entered a second day of talks in New Delhi on Sunday, discussing “inclusive global growth”, […]
BRICS nations urge ‘restraint’ in Middle East, smooth flow of global trade
The BRICS group of nations has unanimously adopted a joint declaration, calling for calm in the Middle East and stressing the need […]
Abu Dhabi’s oil giant inks partnerships with German energy, industry groups as part of UAE’s $46.5 billion investment
Abu Dhabi’s national oil-and-gas company said it signed a raft of deals with a potential investment value of 5 billion euros ($5.81 […]
BRICS finance chiefs urge reform of global development financial institutions
Finance ministers and central bank governors of BRICS countries have called for reform of global developmental financial institutions such as the International […]
China beats the U.S. with $8.2 billion in imports from one of Africa’s largest economies, but there’s a problem
China expands trade lead over the U.S. in Nigeria Official figures from the National Bureau of Statistics show a growing gap between […]
South Korea nears agreement worth over US$100 bil in US investments, WSJ reports
The South Korean government is preparing to announce a major energy investment project in the United States worth more than US$100 billion […]
China’s Crude Imports Set to Hold at 7.2 Million Bpd in September
China is on track to import roughly the same volumes of crude oil in September as it did in August, extending the […]
India’s equity fund inflows rise nearly a fifth in August; monthly savings plan contributions hit a record
Indian investors poured a record amount into mutual funds through monthly savings plans in August, continuing to invest even as the market […]