China’s industrial enterprises saw profit growth ease to 21.1% in May from 24.7% in April, while remaining above 15.5% in the first quarter, Huatai Securities said in a research note, according to 36Kr. The note said revenue growth continued to improve, indicating an overall positive profit trend.H…
Muscat, Oman – Integrated Gas Company (IGC) has signed a new series of agreements under Oman’s Spot Gas Market, further strengthening the flexibility of the national gas system, enhancing resource allocation efficiency, and maximizing the economic value of the Sultanate’s natural gas resources.The…
Australia’s headline inflation is expected to peak around 4.25% mid-year, lower than previously forecast, as falling oil prices help ease inflation pressures, Treasurer Jim Chalmers said, according to Bloomberg.
India, as the world’s third-largest oil importer with over 88 percent import dependence, is structurally positioned to benefit from a sustained correction in crude prices. Every $1 per barrel decline in Brent typically saves the country roughly Rs 10,000–13,000 crore annually on its import bill. Wh…
Bitcoin (BTC) is showing fresh signs of short-term holder capitulation after roughly 50,000 BTC moved to exchanges at a loss over the past day. At the same time, the market capitalization of short-term holders fell to $237.7 billion, its lowest level since October 2024.The rise in loss-driven selli…
Dubai, United Arab Emirates: India is looking to attract greater participation from overseas Indians in its growth story as Non-Resident Indian (NRI) deposits reach approximately $166 billion, including $33.7 billion in Foreign Currency Non-Resident (FCNR) deposits, industry leaders revealed durin…
Kuwait City - As part of its efforts to advance investor relations practices, reinforce transparency and support the development of the Kuwaiti capital market, Boursa Kuwait hosted an event entitled “Kuwait Capital Market Outlook: Market Developments and Investor Perspectives” on Tuesday, June 23…
The International Monetary Fund said on Friday it approved about $348.5 million in funding for the Democratic Republic of Congo after completing reviews of programs under its Extended Credit Facility and Resilience and Sustainability Facility.The third review of the ECF-supported program unlocks ab…
By Arriana McLymoreU.S. online shoppers clawed for deals on electronics, appliances, items for children and everyday essentials during Amazon.com's NASDAQ:AMZN annual sales event Prime Day, spending more than $26.4 billion from June 23 through June 26, according to data firm Adobe Analytics.The mu…
The flow of Italy's Po has dropped dramatically in less than two weeks as a result of the heatwave gripping Europe, allowing salty seawater to advance as far as 18 km (11 miles) inland and raising fears for the delta's agriculture and protected wetlands.At the last point before the Po branches into…
By Steve HollandA renewed push by Venezuelan opposition leader Maria Corina Machado for U.S. help to return home following devastating earthquakes in the South American country is frustrating senior officials in Washington, a White House official said on Saturday.Machado has reached out in recent d…
European Central Bank Executive Board member Isabel Schnabel warned that inflation risks remain tilted to the upside and price pressures could prove stronger than anticipated, according to Bloomberg.She made the comments even as a US-Iran peace deal reopens the Strait of Hormuz.
American farmers are increasingly reliant on Canada and Mexico as export markets as trade disputes, weak commodity prices and rising costs strain the agricultural economy, according to Bloomberg.Iowa farmer Stu Swanson said many producers are operating on dwindling hope as financial pressures mount…
Americans are spending more on their pets beyond traditional preventative care, with the US pet market projected to grow from about $150 billion today to more than $250 billion in the next decade, according to Bloomberg.Bloomberg Intelligence consumer staples analyst Diana Rosero-Pena discussed the…
Europe is facing a record-breaking heat wave, with temperatures hitting historic highs, including readings above 110 degrees Fahrenheit in France, according to Bloomberg.Bloomberg News reporters Joe Wertz and Emma Court said such extreme heat events are likely to become more frequent globally, pote…
By Howard SchneiderFederal Reserve Chairman Kevin Warsh's early leadership of the U.S. central bank faces fresh tests this week, with an appearance before a high-profile economic conference in Portugal and the U.S. Supreme Court's expected ruling on the legality of President Donald Trump's effort t…
Hyperliquid (HYPE) was added to the Monetary Authority of Singapore's (MAS) Investor Alert List (IAL) on Friday, with the regulator naming both the Hyper Foundation website and the Hyperliquid trading application.Hyperliquid explained on X that the listing "does not constitute a ban, an enforcement…
The World Bank approved two loans totaling more than $1 billion to help Bangladesh cope with volatility in the global fertilizer market and improve food security, according to Bloomberg.
The European Parliament's economic affairs committee has urged the European Commission to assess whether crypto lending and borrowing, staking, non-fungible tokens (NFTs) and decentralized finance (DeFi) should be regulated.The recommendations were part of a report tabled Friday for plenary vote. I…
Hong Kong’s government said the Hong Kong Monetary Authority (HKMA) will grant stablecoin issuer licenses to two bank-backed institutions in April 2026, with regulated stablecoins expected to launch in mid-to-late 2026 based on the applicants’ existing business plans.According to ChainCatcher, the…
