Business

Oil holds above $100 as Red Sea attacks and Kazakhstan outage tighten supplies

Oil prices have sharply rebounded, exceeding one hundred dollars per barrel. Attacks on Saudi oil tankers in the Red Sea have revived supply fears. Kazakhstan's oil exports also faced disruptions, adding to global concerns. This marks a…

China's largest memory chipmaker sparks fears of a cash drain before blockbuster IPO

CXMT is stoking fears that its blockbuster stock market debut could pull cash from China's equities.

Chinese Stock Turnover Shrinks as Sentiment Cools on Tech Sector

Chinese daily stock turnover dropped to the lowest level in over three months, as investors shun the nation’s technology sector.

US imposes new tariffs: How Trump plans to maintain his tariff wall

Washington is replacing an expiring global duty with new tariffs on 60 trading partners over forced labour concerns.

Japan's Nikkei falls more than 2% on AI spending worries

Trump vows to punish Iran for Houthi attacks in Red Sea as oil surges over $100

Fears that disruption could further widen to block another sea route sent global oil prices surging in one of the steepest rises of the war.

Seoul advances increased cash rules for leveraged ETFs to July 31

Oil set for weekly rise amid Red Sea shipping attacks, Kazakhstan output cuts

N69m fraud: Lagos court grants Blessing CEO N20m bail

Social media personality Blessing CEO has been granted N20m bail by a Lagos court in her ongoing N69m fraud trial. Read details of the court’s decision. Read More: https://punchng.com/n69m-fraud-lagos-court-grants-blessing-ceo-n20m-bail/

Japan’s Katayama Says to Take Bold FX Steps Decisively as Needed

Japanese authorities will take bold steps to counter moves in the currency market decisively as needed, and a US Treasury report issued overnight underscores a shared view that excessive currency moves are undesirable, Finance Minister…

Trump to Take Up Manila’s Concerns With Xi, Philippines Says

US President Donald Trump assured Philippine leader Ferdinand Marcos Jr. that he would take up Manila’s concerns when he meets with Chinese President Xi Jinping, the Southeast Asian nation said.

Asian stocks skid as oil spike revives inflation fears, bonds take a hit