Business
Business
China Oil Throughput Rises 0.3% From June Low
BEIJING: China oil throughput rose 0.3% from June to 12.5 million barrels per day in July, official data showed, marking…
Fed Rate Hike Bets Drop as Dollar Falls to June Low
LONDON: Fed rate hike bets for next month fell to 30% from about 50% a week earlier after weak US…
Ferretti-Weichai Control Raises Legal, Security Concerns
Weichai’s influence over Ferretti Group has strengthened after the Chinese state-controlled investor secured eight of nine seats on the Italian…
Shein Hong Kong IPO Targets Valuation Near $25 Billion
Shein's Hong Kong IPO plans value the fast-fashion retailer at about USD 25 billion to USD 28 billion, according to…
Brent Crude Holds at USD 88.55; No Hormuz Ships Tracked Sunday
Brent crude held at USD 88.55 a barrel at 0128 GMT (6:28 a.m. PKT) Monday, while WTI slipped 14 cents…
Anthropic IPO Valuation Rests on USD 190–200 Billion Forecast
Wall Street is modelling an Anthropic IPO valuation around a reported USD 190–200 billion revenue forecast for 2028, more than…
Oil Prices Gain Nearly 6% as US-Iran Talks Stall
NEW YORK: Oil prices gained more than 5% during the week after stalled US-Iran talks raised fears of prolonged supply…
China Electric Truck Exports Double as Fuel Costs Rise
BEIJING, China, East Asia: China electric truck exports more than doubled year-on-year to 16,823 during the four months after February…
Iran Economic Pressure: US Plans New Measures Next Week
WASHINGTON, United States, North America: Treasury Secretary Scott Bessent signalled new economic pressure measures on Iran on August 13. He…