Business

Iran Says Agreement on Hormuz Shipping Reached With Oman

Iran said it had reached an agreement with Oman on a proposed route for shipping through the Strait of Hormuz, a potential step toward a reopening of the critical waterway for energy supplies. Bloomberg's Abeer Abu Omar has the latest…

Razon tops Forbes PH rich list with record $21.8B fortune

MANILA, Philippines — Ports and casino magnate Enrique Razon Jr. has claimed the top spot in the 2026 Forbes Philippines’ 50 Richest list for the first time, with his net worth nearly doubling to a record $21.8 billion as the global…

Bank of America sees yen jumping 6% by end of 2026

Analysts at the bank see the Japanese currency advancing to ¥149 per dollar on joint action between Tokyo and Washington, and the prospect of a rate hike in coming months.

Inside Apple's iPhone Shift To India

For years, China was the undisputed home of iPhone manufacturing. Today, India is producing all of Apple's latest iPhone models, emerging as the company's biggest manufacturing alternative to China. What changed? (Source: Bloomberg)

China Steel Group Says Push for Yuan-Pricing Would Help Iron Ore

China’s main steel-industry group called for greater use of yuan-denominated index pricing in the iron ore market, saying such a shift would better reflect supply and demand in the top user of the commodity.

Top stocks to buy today: Stock recommendations for Aug 6, 2026 - check list

Top stock market recommendations: Ambuja Cements, Asahi India Glass, and Pfizer - these stocks have been identified as the top buy calls for August 6, 2026 by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients…

DeepSeek Plans ‘Significant’ Price Increase for Its AI Services

DeepSeek plans to implement a significant price increase across its AI services, an unusual shift from the Chinese tech sector that has put pressure on US competitors with its aggressive pricing.

Fitch says Vietnam banks likely to face significant pressure from government growth target

West Asia LIVE: Oil prices slip as Iran-Oman talks fuel hopes for U.S.-Iran peace deal

Iran said on Wednesday (August 5, 2026) it is in the “final stage” of drafting an agreement with Oman over the Strait of Hormuz

Traders in India Dial Back October Rate-Hike Bets After Dovish RBI Speak

The earliest that the market is now anticipating a rate hike is December.

Industry ‘tight-lipped’ over Naqvi’s remarks

KARACHI: A warning from a senior minister has deeply shocked the trade and industry leaders, but they are tight-lipped when asked for comments on the situation. Recently, Interior Minister Mohsin Naqvi said the governance system had…

US firms look to Pakistan for critical mineral supplies

• Smaller mines and larger copper, antimony projects under consideration • US Embassy official says Reko Diq moving forward, but slower than expected • Encourages Pakistan to provide level playing field to American firms • Finance…