China, Other Nations Shy Away From US Investments
China has brought its US Treasury stash to a level not seen since the financial-crisis era. New data show Beijing’s holdings of […]
BYD, CATL, Xiaomi Executives May Join Xi’s US Visit
Washington and Beijing are finalising a group of Chinese business leaders to join President Xi Jinping’s upcoming visit to Washington, three sources […]
Bank of America’s unrealized bond losses could top $90 billion on surging yields
The paper losses on a large Bank of America bond portfolio could have widened by more than $10 billion to over $90 […]
Venezuela nears deal to move $4bn gold reserve to New York
The Venezuelan government and the opposition are close to an agreement to transfer the central bank’s gold reserves, worth about $4-billion, to […]
South Korea-US investment arm said to mull debut bond for US$350 bil pled
A newly created entity at the heart of South Korea’s US$350 billion (RM1.43 trillion) US investment pledge is considering heading to the […]
Zambia considers cutting gold tax as $1.8 billion trade gap exposes informal market
The proposal comes amid striking discrepancies in international trade records, including data showing the United Arab Emirates reporting almost $1.8 billion in […]
Petrobras takes control of eight Côte d’Ivoire oil blocks in major African expansion
Petrobras signed production-sharing contracts with the Ivorian government and state-owned Petroci Holding on Thursday for blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, […]
China Pushes Coal Miners to Lift Supply as Prices Climb
China’s government has called on local coal miners to maintain a stable production rate after a jump in spot prices for thermal […]
Foreign minister says $350 billion U.S. investment delay is procedural
Foreign Minister Cho Hyun on Thursday attributed the delayed announcement on South Korea’s investment to the United States to “domestic procedures” before […]
World Bank boosts private capital mobilisation to record US$112b
The World Bank on Thursday said it attracted US$112 billion (RM459 billion) in private capital in the year ended June versus US$69 […]
Botswana approves $140 million plant set to become Southern Africa’s first integrated battery minerals complex
The facility is expected to supply copper and cobalt mines in the Democratic Republic of Congo and Zambia. Kemcore founder and Chief […]
Wealthy Investors Flock To Oil & Gas Assets Amid Energy Crisis
The U.S. and global economies have continued to mint high-net-worth individuals at a historic clip, with wealth intelligence firm Altrata noting that […]