With oil prices surging and the conflict in the Middle East intensifying, the economic stakes for China are rising, the New York Times reported. The cost of oil on Monday hit levels not seen in four years, one week after the United States and Israel launched an attack on Iran, an ally and financial partner to China. Fighting has halted virtually all traffic through the Strait of Hormuz, a critical passageway for China’s energy and goods. China has a lot to lose in a widening conflict. In Iran, China found a cheap source of oil in recent years.
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Kazakhstan's central bank has formed a portfolio of up to $350 million from gold and foreign exchange reserves for investment in cryptocurrency assets, governor Timur Suleimanov said on Friday, Reuters reported. At a briefing on interest rates, Suleimanov said: "We are currently developing a list of instruments in which we will invest.
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The National Company Law Tribunal (NCLT) has ordered to initiate the insolvency proceedings against Marvel Group promoter Vishwajeet Jhawar, the Economic Times of India reported. The NCLT Mumbai order, pronounced by Justices Prabhat Kumar and Sushil Mahadeorao Kochey on January 30, was passed on a petition filed by APRN Enterprises (APRN), formerly known as Ansapack, for outstanding debt of Rs 226.89 crore.
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Every March, China’s leaders gather in Beijing’s Great Hall of the People to announce how much the world’s second-largest economy is expected to grow that year. It doesn’t change much from year to year. The target for 2026 was set on Thursday at between 4.5 percent and 5 percent. It was the first time in more than three decades that the benchmark was placed below the 5 percent mark, and represents an official acknowledgment that China is on a slower growth path.
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