Browsing: Business

– Prime Minister Narendra Modi commended India’s economic expansion of 7.8% in the April to June quarter of fiscal 2026-27. Recent official figures demonstrated sustained strength across sectors including manufacturing, services, consumer spending, and investment. Modi called this growth rate

– Japanese equities experienced significant downward pressure on Monday, with the Nikkei 225 falling almost 2% during early trading sessions. The index declined 1.97% to 65,096.63, subsequently hitting an intraday low of 64,832.10. Technology stocks bore much of the brunt

– Indonesia has formalized a new collaboration between its investment and sports authorities aimed at boosting commercial activities within the country’s sports sector. Investment and Downstreaming Minister Rosan Perkasa Roeslani and Youth and Sports Minister Erick Thohir officially signed the

– The UAE and Egypt have officially activated a five-year wheat supply contract valued at up to US$500 million. Al Dahra Agriculture Trading is responsible for delivering imported wheat to Egypt’s General Authority for Supply Commodities under this arrangement. The

– Oil prices experienced an upward movement on Tuesday after both major crude benchmarks saw declines exceeding 2% the previous day. Brent crude increased by 27 cents to reach $92.44 a barrel by 0330 GMT. Meanwhile, U.S. West Texas Intermediate

– Alibaba Group has announced the pricing of a HK$80 billion share issuance as part of its strategic push into artificial intelligence and cloud technology. The tech giant will issue 710 million new ordinary shares at HK$112.70 each, which based

– A South Korean container vessel has embarked from Busan towards Europe, marking the nation’s inaugural Arctic trial involving the transportation of commercial container cargo. The ship, PanStar Acro, set sail from Busan New Port on August 22, with a

– Egypt’s central bank maintained its key interest rates on August 20, marking the fourth consecutive policy meeting with no change in borrowing costs. The overnight deposit rate stayed at 19%, while the overnight lending rate remained at 20%. Both

– In July 2026, Japan achieved unprecedented trade figures with both imports and exports hitting all-time highs, driven by surging energy expenses and robust demand for technology products. Imports rose by 27.8% compared to the previous year, reaching approximately 12.15

– U.S. equities closed higher on Wednesday, buoyed by a notable decline in long-term Treasury yields that boosted market sentiment. The S&P 500 increased by 16.22 points, or 0.21%, finishing at 7,707.98. The Dow Jones Industrial Average rose by 119.65