Business

Global trade up 12.5% amid Strait of Hormuz shipping disruptions — UNCTAD

The organization said that "a significant share of the increase reflects higher prices rather than stronger trade volumes"

Trading Day: $100 oil looms

Vitamin Well Raises $2.2 Billion From Cross-Currency Loan Deal

Vitamin Well AB raised about $2.2 billion through a cross-currency loan offering to fund its acquisition of protein-bar maker EMPWR Nutrition Group.

State of the nation amid global oil insecurity

The massive oil price increase on Tuesday followed renewed hostilities in the oil-rich but volatile Middle East. As the intensifying war in Iran drove up global oil prices, diesel and kerosene have seen double-digit price hikes in the…

Oil prices jump on Mideast war, stock markets diverge

Brent crude rose above US$95 a barrel for the first time in nearly six weeks amid fears of supply disruptions from escalating US-Iran tensions.

US and Saudi Arabia agree landmark nuclear energy pact

Washington says deal would pave the way for ‘decades-long, multibillion-dollar partnership’

AI Mania to Fuel Australia Deals, Top Underwriter Macquarie Says

The investor demand for exposure to companies along the artificial intelligence supply chain is set to accelerate capital-market activity in Australia, according to the nation’s top dealmaker.

Daiwa AM Boosts Staff in Shift Toward Institutional Investors

Daiwa Asset Management Co. is planning to double its sales staff targeting institutional investors to about 20 people, its president said.

Google Says Cloud Services Backlog Expands to $514 Billion

Alphabet Inc. said its cloud computing unit had a $514 billion backlog of contracted work that hasn’t been recorded as revenue yet, signaling robust demand for its services that underpin the artificial intelligence boom.

Maritime Lawyers urge Tinubu to fast-track Port Regulatory Agency Bill

Maritime lawyers have called on President Bola Ahmed Tinubu to expedite assent to the Nigerian Port Economic Regulatory Agency Bill. President, Nigerian Maritime Law Association (NMLA), Chief Michael Igbokwe, SAN, made the call at the 18th…

Alphabet Posts $98 Billion in Second-Quarter Investment Gains

Alphabet Inc. on Wednesday reported investment gains of $98 billion as part of its second-quarter earnings results.

U.S. signs nuclear power agreement with Saudi Arabia

U.S. cooperation with foreign countries on civilian nuclear power requires review by Congress under the Atomic Energy Act.