China

UAE gold prices steady, global rates rise as investors seek rate cut cues from Fed’s Powell

Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool

Oil prices steady amid strengthening dollar, concerns over weakening demand in China

Brent oil futures for September delivery recorded $85.10 per barrel

Oil prices rise on softer U.S. inflation, summer demand hopes

Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel

Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data

Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel

World’s largest EV producer BYD to build $1 billion factory in Türkiye

BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs

Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments

Brent oil futures for September delivery hovered around $85.72 per barrel

China’s foreign exchange reserves reach $3.22 trillion by end of June 2024

The amount shrank by 0.3 percent compared to the previous month

Oil prices steady amid storm threat and demand concerns

Brent crude futures for September delivery edged up 0.2 percent to $86.67 per barrel

China’s service trade soars to $415.6 billion in first five months of 2024, posting 16 percent growth

Exports amounted to approximately 1.22 trillion yuan, up 11 percent, while imports stood at 1.8 trillion yuan

Saudi Arabia’s PIF expands Middle East-Asia Investments, invests $500 million in Hong Kong conglomerate

The investment includes $100 million in five-year convertible debentures and $400 million in a five-year loan

UAE’s DP World, China’s Zhejiang Seaport partner to strengthen UAE-China trade

Partnership further supports UAE-China trade ties and the Belt and Road Initiative