BRICS alternatives to dollar no longer a ‘fantasy,’ economist O’Neill says.
A quarter of a century since he spotted the growing clout of emerging-market countries, the economist who coined the BRIC acronym said those […]
Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return.
Oil futures were on track to post their fourth consecutive weekly loss early on Friday as the tentative reopening of the Strait of […]
Canadian miner unveils $1 billion West African gold project with 60% projected return.
The Toronto Stock Exchange-listed miner said the study values the open-pit project at an after-tax net present value (NPV) of $1 billion, […]
Saudi Arabia Rushes Crude Exports Through Reopened Strait of Hormuz.
About 10 million barrels of Saudi crude have cleared the Strait of Hormuz in recent days, as supertankers continue to load oil […]
Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion.
Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy […]
China’s central bank debuts overnight reverse repo operation, withholding key interest rate.
China’s central bank launched overnight reverse repo operations on Monday (Jun 29), a move markets interpreted as deepening its control over liquidity […]
China Resources New Energy draws 6.4 trillion yuan in retail bids for biggest Shenzhen IPO.
China Resources New Energy’s Shenzhen initial public offering drew about 6.4 trillion yuan (S$1.2 trillion) in bids from retail investors, a filing […]
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 […]