Showing 1 - 10 of 63
SpaceX sets $800 billion valuation, confirms 2026 IPO plans
Bloomberg News, Published on 13/12/2025
» NEW YORK — SpaceX has authorised an insider share sale that values Elon Musk’s rocket and satellite maker at about US$800 billion, according to a company message seen by Bloomberg on Friday.
Declining prices set to ease Oil Fuel Fund Office's burden
Business, Yuthana Praiwan, Published on 06/11/2025
» Global crude oil and gas prices are expected to keep falling next year, easing the financial burden of the debt-ridden Oil Fuel Fund, says the Oil Fuel Fund Office (Offo).
China says it’s prepared for greater shocks as US tariffs loom
Bloomberg, Published on 23/03/2025
» Chinese Premier Li Qiang said the country is prepared for “shocks that exceed expectations” as the world braces for US President Donald Trump to announce more tariffs on its trading partners next month.
Asian shares advance on rate-cut optimism
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 08/06/2024
» RECAP: Asian stocks revived as central banks in the euro zone and Canada began their rate easing cycles this week, adding to expectations that the US Federal Reserve could soon follow suit.
Asian shares recover on hopes for policy support
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 01/06/2024
» RECAP: Asian stocks recovered on Friday after a three-day selling streak, boosted by a decline in US Treasury yields and weakness in the dollar amid optimism for more policy support after disappointing economic data from the US, China and Japan.
AI frenzy pushes Nvidia value to $2 trillion
Reuters, Published on 23/02/2024
» NEW YORK - The market value of Nvidia hit $2 trillion on Friday, riding on an insatiable demand for its chips that made the Silicon Valley company the pioneer of the generative artificial intelligence boom.
Saudis ‘need higher oil prices to balance budget’
Bloomberg News, Published on 06/02/2024
» Saudi Arabia will need oil prices to average more than $90 a barrel this year to balance its budget, according to Fitch Ratings, which affirmed the kingdom at the fifth-highest investment grade but warned about its heavy reliance on energy.
Red Sea tension, US inflation weigh on trade
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 13/01/2024
» RECAP: Equity markets in Asia were mixed yesterday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected US inflation data did not dent investors' views on early and aggressive rate cuts in the US and Europe.
Oil down more than 1% as Saudi price cuts offset Mideast worries
Reuters, Published on 08/01/2024
» NEW DELHI - Oil prices fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in Opec output, offsetting worries about escalating geopolitical tension in the Middle East.
Norway pension fund blacklists Gulf companies
Bloomberg News, Published on 28/12/2023
» Norway’s largest pension fund has divested $15 million from Gulf companies on concerns they may contribute to human rights violations, and decided to exclude the oil producer Saudi Aramco because of climate risks.