Business

CXMT Narrows Gap With SK Hynix and Samsung in Smartphone Memory

China’s state-backed CXMT Corp. is poised to produce smartphone memory chips that are on par with the industry’s most advanced designs, highlighting the speed at which Beijing is gaining ground in a field critical for AI deployment.

Number of foreign tourists visiting Russia up 20% in H1 2026 — minister

Russian Economic Development Minister Maxim Reshetnikov attributed the growth to decisions made by the president and government

Colombia Markets: COLCAP & the Peso — August 4, 2026

Colombia's COLCAP slipped 0.31% on Monday, August 3, and the peso weakened 0.37% against the dollar as a 6% slide in Brent crude weighed on Ecopetrol. The post Colombia Markets: COLCAP & the Peso — August 4, 2026 appeared first on The Rio…

Global Economy Briefing — August 4, 2026

The S&P 500 closed at a record 7,600, up 1.48%, as the dollar firmed ahead of a crucial ISM services report. The post Global Economy Briefing — August 4, 2026 appeared first on The Rio Times .

Takaichi’s fiscal push could lift growth — and Japan’s already-rising interest bill

Japan is giving up revenue now in the hope that stronger consumption and a 370 trillion yen public-private investment will deliver faster growth later.

Nigeria’s NNPC Takes $4.5 Billion Loan for Nation’s Priorities

Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing infrastructure priorities.

Stocks rise despite Iran tensions, oil up, yen eases

SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge

SpaceX’s first earnings report following its blockbuster initial public offering is one of the most anticipated events of the summer on Wall Street. Whether it’ll give investors a reason to buy the sinking stock is another matter.

Bank of Korea Minutes Back More Hikes on Inflation, Growth

The Bank of Korea saw a need for further interest-rate hikes after last month’s increase, as stronger growth threatened to keep inflation elevated and financial stability risks continued to build, minutes from July’s meeting showed.

HSBC restarts buybacks after rates and wealth boost H1 profit

Treasury yields are broadly flat as investors mull uncertainty around peace talks

The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was flat at 4.686%.

Europe’s wildfire season exposes climate insurance gap

Who will pay as climate-driven disasters become more frequent and destructive?