Lifestyle
Adani in talks with banks to borrow US$600 million for gas unit
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about US$600 million to refinance existing debt, according to people familiar with the matter.The loan will be raised by...
China’s Sinopec in talks for gas offtake, stake in Canada’s Cedar LNG
CHINA’S Sinopec is in discussions with Pembina Pipeline for a liquefied natural gas (LNG) offtake agreement and equity stake in the Canadian company’s proposed Cedar LNG project, two sources...
Coffee variety is priciest since 1970s in blow to instant brews
ROBUSTA coffee prices have climbed to the highest in 45 years, according to the International Coffee Organization (ICO), as a supply crunch intensifies for the variety used in espresso...
RBNZ has limited scope to cut cash rate this year: OECD
THE Reserve Bank of New Zealand (RBNZ) has limited scope to cut interest rates this year and should not ease policy until it’s sure inflation will return to target,...
Crypto.com wants to sponsor more sports after Formula One Miami
CRYPTO.COM aims to sponsor more sports after committing to be the title sponsor for Formula One’s Florida event, the Crypto.com Miami Grand Prix.
The digital-asset exchange is targeting sports...
Gold dips as US dollar edges higher, investors seek more Fed cues
GOLD prices eased in early Asian hours on Monday (May 6) as the US dollar ticked up, while traders awaited comments from a series of Federal Reserve officials for...
China’s CICC demotes senior bankers, cuts pay to slash costs
CHINA International Capital Corporation (CICC) is planning to demote some of its senior bankers and cut their pay, sources with knowledge of the matter said, an unusual move that...
Saudi Arabia posts budget deficit of US$3.3 billion in first quarter
SAUDI Arabia posted a budget deficit of 12.387 billion riyals (S$4.4 billion) in the first quarter of 2024, the finance ministry said on Sunday, after lower oil revenues and...
