Business

Marcos restores economic stability, but reforms lag—GlobalSource

MANILA, Philippines — The Marcos administration restored stability but missed reforms to boost long-term competitiveness, New York-based think tank GlobalSource Partners said on Tuesday. In a commentary, economists Diwa Guinigundo and…

BlackRock’s Li Says AI Overweight Intact Despite Higher Risks

BlackRock Inc. remains overweight the artificial intelligence theme despite rising risks from tougher competition and higher interest rates, according to Wei Li, the firm’s global chief investment strategist.

Japan's strategic oil reserves rise by 3 days of consumption in July

Bezos Earth Fund, Re:wild launch $200 million drive to save species from extinction

SpaceX's satellite ambitions squeeze out rivals reliant on its rockets

Brazil Oil Output Hits Record 4.5 Million Barrels a Day in June, Up 19%

ANP data shows Brazil produced 4.475 million barrels of oil per day in June, an all-time high, with pre-salt fields responsible for 82% of the output. The post Brazil Oil Output Hits Record 4.5 Million Barrels a Day in June, Up 19%…

China’s Huaxin Cement Emerges as R$12 Billion Favorite for CSN Cimentos

Huaxin Cement's roughly R$12 billion bid tops rivals Votorantim and Sinoma for CSN's cement arm ahead of binding-offer deadline on August 7, part of CSN's deleveraging plan. The post China’s Huaxin Cement Emerges as R$12 Billion Favorite…

Ecopetrol Profit Soars 235% in Q2 2026 on Brent Rally, Best Since 2022

Colombia's state oil company posted its highest quarterly profit in nearly four years as Brent averaged $96.70 in Q2 2026, driven by Middle East tensions. The post Ecopetrol Profit Soars 235% in Q2 2026 on Brent Rally, Best Since 2022…

YPF Executes 10-for-1 Stock Split as CEO Marín Aims for Global Top 20

Argentina's state oil company splits its shares 10-for-1 today, part of CEO Horacio Marín's plan to attract retail investors and turn YPF into a global top-20 producer. The post YPF Executes 10-for-1 Stock Split as CEO Marín Aims for…

Vietnam rice group proposes export price floor to shield farmers, exporters

Spotify Users Climb 12% Following Splashy Product Announcements

Spotify Technology SA, the world’s largest music streaming service, boosted its total users to 777 million, an increase of 12% from the same time last year, suggesting a new suite of products and content offerings is attracting new…

Release of The Odyssey film boosts sales of Homer’s poem in Russia by 254%

According to analysts at the bookstore chain, overall sales of Homer’s works increased by 125% year on year