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China’s foreign reserves fall to $3.219 tln in Jan.
China's foreign exchange reserves decreased by $18.66 billion to $3.219 trillion in January, slightly less than the…
China urges NEV industry’s response to foreign trade restrictions
China's Ministry of Commerce has issued guidelines to encourage the new energy vehicle (NEV) industry to respond…
TotalEnergies stops navigating Red Sea
TotalEnergies stated that the journey of its ships to Europe has been prolonged since the company stopped sending…
Red Sea crisis is hurting Europe oil product deliveries: IEA
The delays in oil product deliveries due to ships being re-routed to avoid attacks in the Red Sea are impacting…
Moody’s downgrades NYCB bank
Moody’s Investors Service downgraded New York Community Bancorp's (NYCB) credit rating to junk status, according to…
Jeweller Pandora eyes organic revenue growth of 6-9% in ’24
Pandora, the world's largest jewellery maker, is targeting organic revenue growth of 6-9 per cent in 2024, citing…
S. Arabia’s Savola group to issue Almarai stake to shareholders
Saudi Arabia's Savola announced that it intends to give its eligible shareholders a 34.52 per cent stake in the…
HSBC to market Egypt’s investment opportunities
Egypt’s General Authority for Investment and Free Zones (GAFI) signed a Memorandum of Understanding (MoU) with HSBC…
India to surpass China as main driver of global oil demand in ’30
India is expected to be the biggest contributor of global oil demand growth from 2023 to 2030, surpassing the…
Thailand leaves rate unchanged for 2nd time
Bank of Thailand fix its benchmark interest rate for the second consecutive meeting defying government pressure to…