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UAE's Abu Dhabi National Oil Company (ADNOC) said it will expand customer access to the diversified LNG business portfolio of ADNOC and XRG across supply, trading and shipping.

2026-07-06

UAE's Abu Dhabi National Oil Company (ADNOC) said it will expand customer access to the diversified LNG business portfolio of ADNOC and XRG across supply, trading and shipping.

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2026-07-06

Senior commodities analyst Henry Hu says gold-jewellery stocks historically tracked gold prices and were treated as adjuncts to miners, but the dynamic has shifted. Since 2025 investment gold bars have exceeded 50% of the China market and become domi

Senior commodities analyst Henry Hu says gold-jewellery stocks historically tracked gold prices and were treated as adjuncts to miners, but the dynamic has shifted. Since 2025 investment gold bars have exceeded 50% of the China market and become dominant; self-purchase and wedding demand remain rigid but are budget-anchored, so consumers tend to wait when gold is elevated. A H1 decline in the gold price has not produced a clear rebound in jewelry sales. Fixed-price SKUs suffer from delayed repricing and companies’ responses differ; Gram-weight products are more resilient. Chaohongji reported sequentially acceleration in Q2 and continued sell-through. Crucially, share prices have materially disconnected from fundamentals: gold weakness affects firms unevenly, yet the sector has fallen collectively and many names trade at very low PBs (Chow Sang Sang ~0.4). Absent a further ~50% drop in gold, current valuations look cheap.
2026-07-06

Iran judiciary chief Mohseni-Eje'i said the US and Israel have committed unforgivable crimes in their campaign against Iran. He accused Washington of taking the initiative to seek talks with Tehran and said Israel, driven into a corner, proposed a ce

Iran judiciary chief Mohseni-Eje'i said the US and Israel have committed unforgivable crimes in their campaign against Iran. He accused Washington of taking the initiative to seek talks with Tehran and said Israel, driven into a corner, proposed a ceasefire. Mohseni-Eje'i added Iran will hold the US and those responsible for the assassination of former Supreme Leader Khamenei to account and will not relent.
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