Business

China memory chipmaker CXMT skyrockets 470% in Shanghai debut

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.

China’s Industrial Profit Growth Slows to Weakest Pace This Year

China’s industry saw profit gains slow for a second month, adding to evidence of an uneven recovery for companies across parts of the world’s second-biggest economy.

West Asia War LIVE: Iran halts strikes as Trump gives space to talks

Oil prices fell on Asian markets early Monday (July 27, 2026) as investors breathed cautious sighs of relief at the pause in combat.

The Escalation Trap: America’s Diminishing Options in the Iran Standoff

“It is not the size of the dog in the fight, but the size of the fight in the dog.” — Mark Twain The Escalatory Escalator A s the shadow of conflict lengthens across the Middle East, the United States finds itself cornered into a strategic…

Fed faces growing pressure to hike rates as price risks rebound

Renewed tensions in the Middle East have sent oil prices soaring again, overshadowing a tamer-than-expected reading on June consumer prices.

CBDT issues guidance note on crypto reporting in line with OECD framework

Asian private credit fundraising sinks to 12-year low amid bankruptcy fears

Just five Asia-based funds closed in first half as investors favour large US managers

Marcos fights to revive economy and presidency after graft debacle

The public's trust in Philippine President Ferdinand Marcos Jr. is at a record low despite efforts to cushion consumers from the impact of the Iran war.

Oil down more than 5% on renewed hopes for US-Iran deal

Oil prices dropped sharply at Monday’s opening of Asian markets as investors breathed cautious sighs of relief following two consecutive nights without US strikes on Iran, leaving the door open for new talks. The price of a barrel of…

SK Hynix Listing Emboldens Korea’s Drive to Repatriate Dollars

A strong rebound in the won driven in part by SK Hynix Inc.’s record US listing has given South Korean authorities fresh impetus to prod exporters to repatriate their overseas dollars.

China’s Moonshot to Release Breakthrough AI Model for Download

Moonshot AI is poised to make its Kimi K3 model available for public download, expanding its reach and influence in the global open software community at a time of growing US concern about Chinese encroachment into the top echelons of AI…

Banks’ maximum lending rate drops to 33.16%

Nigeria’s maximum lending rate eased to 33.16% in June 2026. Discover how this decline impacts borrowing costs and the economy. Read More: https://punchng.com/banks-maximum-lending-rate-drops-to-33-16/