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China's Largest Memory Chipmaker CXMT IPO Raises Concerns Over Market Liquidity

China's Largest Memory Chipmaker CXMT IPO Raises Concerns Over Market Liquidity

China's Largest Memory Chipmaker CXMT IPO Raises Concerns Over Market Liquidity
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Saudi Arabia Faces Oil Export Challenges Amid Houthi Blockade

Saudi Arabia Faces Oil Export Challenges Amid Houthi Blockade

Saudi Arabia is encountering significant obstacles in its oil export operations due to a naval blockade imposed by Yemen's Houthi forces. The blockade targets Saudi-linked shipping in the Red Sea, particularly affecting the Bab el-Mandeb Strait, a crucial route for Saudi oil exports. The situation is compounded by commercial barriers from the London marine insurance market, which has increased war-risk premiums and excluded Saudi-linked vessels from coverage. This dual pressure is creating a bottleneck for Saudi oil exports, threatening global supply and prices.
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UN human rights chief wins second term despite opposition from US, Israel and Russia

UN human rights chief wins second term despite opposition from US, Israel and Russia

U.N. human rights chief Volker Türk won a second term Friday despite opposition from the United States, Russia and Israel to keep him in one of the most controversial United Nations posts for four more years
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China's Investment in Peru's Port of Chancay Aims to Boost Trade with Asia

China's Investment in Peru's Port of Chancay Aims to Boost Trade with Asia

China has significantly invested in the Port of Chancay in Peru, with a $1.3 billion to $3.6 billion renovation project. This investment is led by the Chinese shipping giant COSCO, which owns 60% of the port, while the remaining 40% is owned by the Peruvian mining company Volcan. The port, located about 50 miles north of Lima, has been upgraded to accommodate the world's largest container ships and incorporates advanced AI technologies. This development is part of China's broader strategy to enhance its trade routes and reduce shipping times between South America and Asia by up to 10 days. The Port of Chancay serves as a direct link between these regions, offering a shorter route compared to traditional shipping paths from the Gulf of Mexico.
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What to know about Trump's latest tariffs

What to know about Trump's latest tariffs

President Donald Trump keeps finding ways to maintain a wall of tariffs around the American economy
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Who is Karim Khan, the barrister at the centre of the ICC's internal crisis?

Who is Karim Khan, the barrister at the centre of the ICC's internal crisis?

By Stephanie van den Berg THE HAGUE, July 24 (Reuters) - Karim Khan became one of the best-known international prosecutors in May 2024 when he announced he was seeking arrest warrants for Israeli Prime Minister Benjamin Netanyahu, inserting the International Criminal Court into a confrontation with
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Take Five: A $100 question

Take Five: A $100 question

LONDON, July 24 (Reuters) - It's all about central banks next week and interest rate-setters as distant as Tokyo, Washington and London will only grow more nervous as war escalation in the Middle East puts oil prices back to $100.
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Analysis-Asia's rich swap sponsorships for stakes in sports as dealmaking hits record

Analysis-Asia's rich swap sponsorships for stakes in sports as dealmaking hits record

By Yantoultra Ngui and Vibhuti Sharma SINGAPORE/MUMBAI, July 23 (Reuters) - Asian wealthy families and fund managers are increasingly moving beyond sponsorships and charity-linked sporting events to invest directly in sports assets, betting that growing audiences and rising media-rights fees will
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Chinese AI's role in stopping rogue OpenAI agent shows cost of US guardrails

Chinese AI's role in stopping rogue OpenAI agent shows cost of US guardrails

By Aditya Soni and Jaspreet Singh July 22 (Reuters) - A New York startup's use of a Chinese AI model to rein in a rogue agent built with OpenAI technology is stoking fears that guradrails restricting U.S. AI firms from doing cybersecurity work could drive customers toward their Beijing-based rivals.
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Stagflation talk returns to rattle markets as oil rebounds to $100

Stagflation talk returns to rattle markets as oil rebounds to $100

By Alun John, Dhara Ranasinghe and Sophie Kiderlin LONDON, July 24 (Reuters) - Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inflation alongside stagnant economic growth
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Chinese Refineries Turn to Russian, Iranian Crude Amid Supply Disruptions

Chinese Refineries Turn to Russian, Iranian Crude Amid Supply Disruptions

Private Chinese refineries are increasingly turning to Russian and Iranian crude oil due to supply uncertainties caused by renewed conflicts in the Middle East. The resumption of hostilities has disrupted oil supplies, particularly after Iran blocked the Strait of Hormuz, a critical passage for global oil shipments. As a result, Chinese refiners have placed significant orders for Russian ESPO Blend crude, which is being loaded from the Pacific port of Kozmino. This move comes as Russia's oil output has been affected by Ukrainian drone strikes, although facilities in Russia's Far East remain operational. Despite these challenges, Russia's oil revenue has reportedly increased due to heightened demand and rising prices, partly driven by the ongoing conflict in Iran.
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World’s quietest metal just dropped a huge bullish signal

World’s quietest metal just dropped a huge bullish signal

These are good times for copper producers. Demand for their product is decidedly robust, particularly for copper coil or copper plate or the ultra-pure copper broken up literally into atoms to make tiny, high-speed computer chips. Or all the wiring and related equipment used in data centers. Copper ...