Russian oil exporters are increasingly declaring Singapore as the official destination for crude shipments, signaling a shift in trade flows as India scales back purchases following a new trade agreement with the United States, according to maritime data from LSEG and market traders. In January, tankers......
Greece and Malta have pushed back against a proposed European Union ban on maritime services for Russian oil shipments, citing concerns about the impact on Europe’s shipping sector and energy prices. The objections were raised during a meeting of EU ambassadors held days after the European Commission......
Honda Motor reported a sharp fall in profits as U.S. import tariffs, weakening demand for electric vehicles, and ongoing semiconductor supply disruptions continued to weigh on performance. The Japanese automaker said net profit for the nine months through December fell 42 percent from a year earlier......
The Chinese yuan climbed to its strongest level in 33 months against the US dollar on Monday, extending its longest winning streak in more than a decade after reports that Chinese regulators advised domestic banks to reduce exposure to US Treasury bonds. The yuan traded as high as 6.9284 per dollar......
Chinese regulators have quietly instructed domestic financial institutions to limit their exposure to US government debt, citing concerns over concentration risk and market volatility, according to people familiar with the matter. The move, first reported by Bloomberg, marks the latest step in Beijing’s......
A closer look at the world’s largest economies reveals a fascinating paradox: the biggest countries by GDP do not always host the largest companies by market value. In some cases, a single corporation can rival or even surpass the economic output of entire nations. For instance, the United States,......
Bitcoin experienced a sharp decline on Friday, falling to $60,000 for the first time in sixteen months, raising concerns about volatility in the cryptocurrency market. François Villeroy de Galhau, governor of the Banque de France, stated that the recent drop shows that “the risks are materializing,”......
The United States and China are methodically untangling economic ties in strategic sectors like semiconductors, food, and energy, in what the Wall Street Journal calls a "stormy divorce" between the world's two largest economies. China has committed about $1 trillion since early 2024 toward......
CEOs of Europe's two largest carmakers are urging the European Union to shield the domestic auto industry from intensifying competition by Chinese manufacturers across the continent. Volkswagen CEO Oliver Blume and Stellantis CEO Antonio Filosa published a joint op-ed Wednesday evening in three......
European imports of liquefied natural gas from Russia's flagship Yamal terminal jumped 8 percent year-over-year in January 2026, reaching nearly 1.7 million metric tons, according to data released this week by German environmental watchdog Urgewald. The increase comes less than a year before the......
Gold prices dropped sharply on Thursday after briefly surpassing $5,000 per ounce, as a phone call between U.S. President Donald Trump and Chinese President Xi Jinping calmed international tensions and diminished demand for the metal as a safe-haven asset. This decline caps a wildly volatile period......
Shares in Chinese solar companies soared after reports emerged of a team representing Elon Musk visiting major players, including sector leader Jinko Solar. State-backed Chinese media, including 21st Century Business Herald and Sina Finance, detailed the trips on Tuesday. They came days after Musk outlined......
U.S. Secretary of State Marco Rubio met with India's External Affairs Minister S. Jaishankar in Washington on Tuesday to celebrate a new trade agreement slashing American tariffs on Indian goods and expanding cooperation on critical minerals and energy security. The State Department talks followed......
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