#China

Honor

‘Honor Magic Vs’ foldable phone launches in China

The device weighs 261g and is said to be the industry’s lightest foldable smartphone currently

Emirates A380 returns to Perth

Emirates boss sees unprecedented travel surge once China reopens

Tim Clark said Emirates flights to Asian destinations that have already reopened are essentially full

Oil steadies after wild ride with Chinese demand, OPEC+ in focus

Oil prices have weakened this month on concerns about demand

Oil

Oil poised for second weekly decline on gloomy demand outlook

Oil is trading near the lowest level since September

Apple

Apple cuts outlook for iPhone shipments on China lockdowns

The company sees strong demand for the iPhone 14 models but the lockdowns mean customers will experience longer wait times to receive their new products

DP World partners with Lin-Gang Special Area to develop Chinese trade zone

The Lin-Gang Special Area offers some of the most innovative and forward-looking business policies for both Chinese and international companies beyond normal free zones offerings

Oil heads for weekly advance as dollar eases, US exports boom

Crude is on course to gain in October following a run of four monthly declines

Gold is heading East as a falling price lures Asian buyers

Since peaking in March, gold prices have tumbled 18 per cent as the Federal Reserve’s rate hikes caused mass liquidation by financial investors

Aramco says global oil spare buffers to slump when China reopens

Analysts say there’s only about 2 million barrels a day of capacity that could be brought online quickly should there be a supply shutdowns

Tesla

Tesla delivers record 343,830 cars; misses estimates

The carmaker doesn’t break out sales by geography, but the US and China are its largest markets

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

Non-oil trade between UAE, China crosses Dhs1.72tn in 10 years

Non-oil trade between the two countries in the first half of 2022 amounted to Dhs118.4bn

iPhone

Apple counts on upscale shoppers to turn latest iPhone into hit

The iPhone 14 line was unveiled earlier this month alongside new Apple Watches and AirPods

cotton

Climate change: How has extreme weather affected cotton?

The world’s cotton supply keeps shrinking, hit by drought and heat

Oil steadies as traders fret global slowdown will erode demand

Oil has made a weak start to September, extending a run of three monthly losses

World’s first Covid vaccine you inhale is approved in China

World’s first Covid vaccine you inhale is approved in China

China’s National Medical Products Administration approved CanSino’s Ad5-nCoV for emergency use as a booster vaccine

Oil heads for worst losing run since 2020 on slowdown concerns

Commodities including oil have also faced a headwind this month from gains in the dollar

China’s Grid Giant expands presence through DIFC to advance region’s energy transition

State Grid Corporation of China sets up first office in DIFC

The total overseas investments amount to $23.2bn and its overseas equity capital is approximately $65bn

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

Oil extends 10% weekly drop as demand concerns spur caution

Investors have backed away from commodities in recent months as slowing growth feeds concern that energy usage will drop

powerful passports

These are the world’s most and least powerful passports in 2022

As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports

Oil August 1

Saudi crude exports set to rise in July on stronger China flows

Shipments for June were the lowest since September

Oil

Oil set to end volatile week below $100 on slowdown concerns

West Texas Intermediate tumbled below $91 a barrel on Thursday

Stocks

Big tech sinks stocks as clock ticks on earnings

All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading

Gold

Gold slides to nine month low as investors turn to dollar as haven

Spot gold fell 0.5 per cent to $1,725.05 an ounce in Singapore, after falling 0.5 per cent in the previous session

Oil

Oil extends drop as concerns over economic slowdown grip market

Crude has tumbled since early June on escalating fears of a slowdown as central banks raise rates to combat rampant inflation

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

Nasdaq Dubai China

Industrial and Commercial Bank of China lists five bonds worth $2.68bn on Nasdaq Dubai

The note is the first ever carbon-neutrality theme bond issued in the GCC region

Oil extends gains after US crude stockpiles drop, exports soar

Oil holds near $121 as investors weigh tightening markets

Crude has rallied about 60 per cent this year as an economic rebound coincided with upended trade flows

Oil set for seventh weekly gain as traders weigh China’s return

Consumption in top importer China is expected to rise as it lifts strict Covid restrictions

Saudi Arabia

Saudi raises oil prices amid Asia rebound

Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers

Gold

Gold holds weekly gain as dollar extends drop on risk sentiment

Bullion has risen past $1,850 an ounce in the second half of May