Lufthansa Group expects the surge in jet fuel prices to cost it an additional $2 billion this year as the closure of the Strait of Hormuz “is leading to...
US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to...
OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait...
The agreement covers the operation of the Shelf Drilling Victory rig for an initial period of two years, with options for extension. The contract value, originally estimated at 347.6...
OCBC Bank has struck a deal to acquire parts of HSBC’s wealth and premier banking portfolio in Indonesia, adding over 300,000 customers to its Indonesian subsidiary and potentially opening doors...
Older Americans are sitting on $110 trillion of wealth. Their heirs might not get it anytime soon. Financial advisory firms like to talk about a looming event called “the...
Indonesia and China have launched cross-border QR interoperability, marking a significant milestone in deepening financial cooperation and accelerating digital payment integration between the two countries. The initiative, introduced by...
The United Arab Emirates (UAE) has been in talks with the U.S. about the possibility of establishing a currency swap line, as revealed by the Middle East nation’s trade...
The United Arab Emirates said its decision to leave OPEC will give it more freedom to ramp up investment and expand its oil sector, as it accelerates a broader...
European Commissioner for Trade Maroš Šefčovič is scheduled to meet his US counterpart Jamieson Greer on Tuesday amid rising tensions between the bloc and the US following President Donald...