Browsing: Business

Indonesia has formalized new cooperation between its investment and sports authorities to expand business activity in the national sports sector. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir signed the agreement on August 28.

Oil prices moved higher on Tuesday after both major crude benchmarks posted losses of more than 2% a day earlier. Brent crude rose 27 cents to $92.44 a barrel by 0330 GMT. U.S. West Texas Intermediate gained 37 cents to

A South Korean container ship has left Busan for Europe on the country’s first Arctic trial involving commercial container cargo. PanStar Acro departed Busan New Port on August 22 for a planned 45-day round trip. The 2,758-TEU vessel will travel

Alibaba Group has priced a HK$80 billion share placement as it increases spending on artificial intelligence and cloud infrastructure. The Chinese technology company will issue 710 million new ordinary shares at HK$112.70 each. The offering is worth about US$10.2 billion

Japan posted record monthly values for both imports and exports in July 2026, as higher energy costs and strong technology demand lifted total trade. Imports climbed 27.8% from a year earlier to about 12.15 trillion yen. Exports rose 23.2% to

U.S. stocks finished higher Wednesday as a sharp decline in long-term Treasury yields supported Wall Street. The S&P 500 gained 16.22 points, or 0.21%, to close at 7,707.98. The Dow Jones Industrial Average rose 119.65 points, or 0.22%, to 53,463.05.

South Korea’s automobile exports climbed 7.0% from a year earlier to US$6.24 billion in July 2026. The figure set a record for the month of July and exceeded the previous July high of US$5.90 billion in 2023. The Ministry of

Global electric vehicle sales rose 9% year on year in July 2026 to 1.85 million units. The increase lifted worldwide sales for the first seven months to 11.5 million vehicles, up 4% from 2025. Benchmark Mineral Intelligence reported the latest

Diesel prices stayed elevated across the United States and Europe as tight inventories and refinery disruptions limited supplies of finished fuel. U.S. ultra-low sulfur diesel futures rose 7.4% on Monday to $4.19 a gallon. The move was the largest daily

Denmark’s annual inflation rate slowed to 1.7% in July from 1.9% in June, official figures showed. Statistics Denmark said consumer prices rose 1.3% from the previous month. Core inflation held at 2.3%, matching the June reading. Price increases in restaurants