South Korea’s foreign exchange reserves decreased by $880 million in one month due to market stabilization measures, including a foreign exchange swap with the National Pension Service. The decline appears to reflect a slight reduction in the overall reserve level as the foreign exchange authorities injected funds to ease exchange-rate volatility. According to data released […]
President Donald Trump plans to allocate a support package of $700 million for coal power generation, citing an unnamed White House official ahead of a formal announcement by the U.S. President. The plan is to invoke the 1950 Defense Production Act, which grants the president of the country powers to provide financial support to industries […]
Companies have pledged to invest €93 billion ($108 billion) in France, with half destined for a SoftBank-backed data centre project, as President Emmanuel Macron seeks to leverage nuclear capacity to make the country a global AI leader. Macron said the 71 projects being unveiled at this year’s Choose France summit marked a record year for […]
Oil prices pushed higher Monday, with Brent crude topping $94 per barrel and WTI climbing above $90, after President Donald Trump sent a proposed Iran peace agreement back for revisions, raising fresh questions about how quickly the Strait of Hormuz can be fully reopened to global energy shipments. Brent crude was trading at $94.23 per barrel while […]
GOLD held a gain after reports that the US and Iran had reached a tentative deal to extend a ceasefire and work toward an agreement to end the Middle East war eased inflation concerns. Bullion traded around US$4,495 an ounce, after closing up 1 per cent on Thursday (May 28) despite touching a two-month low […]
For months, China’s reduced appetite for oil and LNG imports has helped ease some of the pressure on already-strained global energy markets. But Beijing’s current strategy appears less about weakening demand and more about caution amid the Iran war and the growing risks surrounding Middle Eastern supply routes. Chinese buyers have been drawing down inventories, slowing […]
China’s industrial profits grew by 18.2 percent in the first four months of 2026, boosted by robust growth in the high-tech sectors, data from the National Bureau of Statistics (NBS) showed on Wednesday. The growth rate was 2.7 percentage points higher than that recorded in the first three months. Thanks to the government’s proactive and […]
The Beijing-based company said it will establish a new entity to develop a 1.2 million-ton-per-year alumina plant in Guinea, deepening China’s growing footprint in Africa’s bauxite-rich economies. Under the agreement, the Guinean government will receive a 5% stake at little or no cost and retain the option to raise its holding to as much as 35% […]
The multibillion-dollar initiative, announced on Wednesday, May 20, 2026, will be driven through the bank’s newly consolidated Guarantee Platform, a financial risk-sharing mechanism designed to attract private investors into sectors many global financiers still consider too risky. At the centre of the strategy is a plan to more than double the World Bank’s annual guarantee […]
Despite the end of China’s export tax refunds on April 1, exports of Chinese solar cells and panels continued to surge in April as demand for solar installations in Africa, Southeast Asia, and Europe soars amid the oil and gas crisis. Exports to Southeast Asia and Africa eased off the records in March, which benefited […]