BUSINESS

Markets are now waiting for U.S. spending and inflation data on Friday and the resulting impact on the U.S. dollar.

Haidilao International Holding's overseas unit, Super Hi International Holding, posted revenue of $558.2 million and a net loss of $41.3 million for 2022, compared with a loss of $150.8 million in 2021.

Here is a look at some of the carbon emissions trading systems (ETS) and pricing mechanisms in Asian countries aimed at reducing greenhouse gas emissions and achieving net zero targets.

Group CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch their own initial public offerings (IPO).

Barclays said on Tuesday any protracted outage of Kurdish exports through the end of the year would imply a $3 a barrel upside to its $92-a-barrel price forecast for Brent in 2023.

It's a difficult path for the island nation that is a neighbour to gas-rich Qatar and connected by a causeway to Saudi Arabia, a key ally and the world's biggest oil exporter.

Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services.

The head of Australia's prudential regulator said on Tuesday the country's banks were among the best placed in the world to handle a financial crisis, following the collapse of Silicon Valley Bank (SVB) that roiled international markets.

The project in Liaoning province's city of Panjin will be Aramco's second major refining-petrochemical investment in China and follows the world's top oil exporter reporting a record profit of $161 billion in 2022.

Indian banks, in the past, have had to take deep haircuts on their exposure to debt-laden companies admitted under bankruptcy legislation.

Growth slowed in part because Iraq agreed to cap output under supply policy agreed with the Organization of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+.

Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.

Apple Inc's Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the U.S.

Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country's civil aviation minister told Reuters the "time has come" to serve its soaring demand with jets assembled on domestic soil.

The White House said in October it would buy back oil for the SPR when prices were at or below about $67-$72 per barrel.

SpaceX's multi-billion-dollar fund is being organized by financial services firm Morgan Stanley.

Toshiba, which produces everything from rice cookers to medical equipment and nuclear plants, declined to comment on the reports.

Both crude benchmarks had settled on Wednesday at their highest close since March 14.

The return of domestic travellers to tourist destinations helped the recovery.

The World Bank had previously projected a 3.2% contraction in Syria's 2023 economic output, due to continuing conflict, high grain and energy prices and shortages, along with water scarcity that is limiting crop output.

In the previous session, both Brent and WTI fell about $3 a barrel before settling higher.

Haute couture has given way to upcycled outfits, sourced entirely from used clothes, as the models strut, pause and pivot on the runway, a sign of the growing popularity of chic, environmentally friendly vintage wear among young Iraqis.

U.S. West Texas Intermediate crude was at $68.33 a barrel, down 2 cents after closing 1.1% higher in the previous session.

Licence applications under the measure could take up to three months and would impose new fees on applicants.

On Wednesday, the third straight day of declines, U.S. crude fell below $70 a barrel for the first time since December 20, 2021.

Already jittery investors have been in panic mode since the collapse of two regional US banks over the weekend sparked a sell-off across equities and ramped up concerns of a global recession.

ByteDance's valuation dipped to $220 million following G42's transaction.

Credit Suisse Group's Saudi backer is happy with the transformation plan and doesn't think the Swiss lender will need extra money.

Samsung's around 300 trillion won project is part of a 550 trillion won private-sector investment plan unveiled by the government on Wednesday.