Business

Oil extends gains after latest US strikes, tech suffers more losses

The latest attacks came after Iranian forces struck a commercial ship in the Strait of Hormuz — through which a fifth of global oil passes — early Sunday, before announcing the closure of the waterway.

A container ship is seen at the port in Lianyungang, in China’s eastern Jiangsu province on July 14, 2026. (Photo: AFP)

China says exports soar more than forecast in June

Overseas shipments rise 27% year-on-year, beating the 19% forecast in a Bloomberg survey of economists.

2 DAYS AGO

Oil prices spike on fresh US-Iran attacks, tech weighs on stocks again

The renewed hostilities in the Middle East followed last week's exchange of fire and came as negotiators struggle to reach a lasting peace deal to keep the crucial Strait of Hormuz open.

3 DAYS AGO

Oil prices extend rally as US strikes on Iran revive geopolitical fears

Equities also suffered, with the fresh US-Iran tensions coming on top of a retreat from the tech sector that has powered markets to multiple record highs over the past two years.

July 8, 2026

Toyota to invest $3.6 bn in Texas, move production from Mexico

The announcement comes just days after Washington declined to renew a North American trade pact with Mexico, as well as Canada, fueling uncertainty for businesses.

July 7, 2026

Asian markets mixed as tech recovery stutters, oil slips

Alphabet, Amazon, Meta and Microsoft have said they would put aside more than $725 billion for the industry this year alone.

July 6, 2026

Asian stocks mostly up as traders eye crucial US jobs data

Asian stocks mostly rose Wednesday as investors nervously awaited key US jobs data that could help determine the Federal Reserve's next interest rate decision, while the yen is in focus as it wallows around four-decade lows.

July 1, 2026

Electronic boards display the foreign exchange rate of the Japanese yen against the US dollar at a foreign exchange brokerage in Tokyo on June 30, 2026. (Photo: AFP)

Asian stocks unable to track Wall St higher, yen holds at 40-year low

Asian equities fluctuate as investors struggle to build on a record day on Wall Street, where tech firms bounce after the hefty selling of the past two weeks, while the yen holds around a four-decade low against the dollar.

June 30, 2026

Pedestrians stand in front of electronic boards displaying the foreign exchange rate of the Japanese yen against the US dollar (L) and other currencies (R), along a street in Tokyo on June 22, 2026. (Photo: AFP)

Crude prices drop, most stocks rise on 'positive' US-Iran talks

Traders remain in a buoyant mood after news that the two foes had ended their conflict, which had sent energy costs soaring and stoking inflation, sending shivers through the global economy.

June 22, 2026

A man walks next to an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on June 18, 2026. (Photo by Kazuhiro NOGI / AFP)

Oil prices sink further as Trump signs deal to reopen Hormuz

Oil prices extend their decline as the US-Iran peace deal and the planned reopening of the Strait of Hormuz ease energy supply fears, though markets remain cautious amid expectations of further Federal Reserve interest rate hikes.

June 18, 2026

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