Browsing: Business

– Indonesia has expanded coordination between its investment and sports ministries to develop investment in the national sports sector. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed a memorandum of understanding on August

– Al Dahra Agriculture Trading and Egypt’s General Authority for Supply Commodities have activated a five-year wheat supply agreement worth up to US$500 million. The pact moves a 2023 financing framework into an operational import arrangement for Egypt. Al Dahra

– Oil prices edged higher on Tuesday following a decline of over 2% in the previous session for both Brent crude and WTI. Brent futures increased by 27 cents, or 0.3%, reaching $92.44 per barrel by 0330 GMT. Meanwhile, U.S.

– Alibaba Group has announced the pricing of an HK$80 billion share issuance aimed at financing its artificial intelligence expansion and enhancing its AI infrastructure. The Chinese tech giant will distribute 710 million new ordinary shares at HK$112.70 per share.

– South Korea has launched its inaugural container vessel voyage through the Arctic to reach European ports. The 2,758-TEU PanStar Acro departed from Busan New Port around 9 p.m. on August 22. The Ministry of Oceans and Fisheries verified the

– As of August 20, the Central Bank of Egypt opted to leave its key interest rates steady, marking the fourth consecutive meeting without adjustments. The Monetary Policy Committee upheld the overnight deposit rate at 19% and the overnight lending

– In July 2026, Japan’s trade activity reached historic peaks on both imports and exports, driven by surging energy prices and robust semiconductor demand that boosted the overall trade value. Imports soared by 27.8% year-on-year to approximately 12.15 trillion yen.

– On Wednesday, U.S. equity markets saw modest increases as yields on long-term Treasury bonds dropped sharply. The S&P 500 gained 16.22 points, or 0.21%, closing at 7,707.98 and ending a streak of three consecutive losses. Meanwhile, the Dow Jones

– On Friday, global markets for precious metals experienced a downward trend as spot gold prices declined, setting the stage for a weekly decrease overall. According to market data, spot gold fell 0.5 percent to trade at $4,326.75 per ounce,

– Worldwide electric vehicle sales increased by 9% year on year in July 2026, reaching a total of 1.85 million units. This rise brought the total sales for the first seven months of the year to 11.5 million vehicles, representing