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Shipping data shows that Venezuela’s oil exports to India fell to about 178,000 barrels per day in July.
2026-08-03
Shipping data shows that Venezuela’s oil exports to India fell to about 178,000 barrels per day in July.
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2026-08-03
Kuwait's crude oil production rose to its highest level since the start of the Middle East war in July.
Kuwait's crude oil production rose to its highest level since the start of the Middle East war in July.
2026-08-03
Several state-owned and joint-stock banks, including Bank of China, China Construction Bank and Ping An Bank, have relaunched five-year large-denomination certificates of deposit as lenders seek to lengthen liabilities amid NIM pressure and shorter d
Several state-owned and joint-stock banks, including Bank of China, China Construction Bank and Ping An Bank, have relaunched five-year large-denomination certificates of deposit as lenders seek to lengthen liabilities amid NIM pressure and shorter deposit tenors. ICBC client managers say five-year large CDs and standard five-year deposits are on sale at about 1.6% but with limited quotas; Agricultural Bank’s Shenzhen branch offers ordinary five-year deposits at 1.6% while not listing large-denomination CDs. Market checks indicate some issues reach 1.75%. Botong Consulting chief analyst Wang Pengbo says banks are using long-term large CDs to attract more stable core funding and alleviate asset-liability duration mismatch, framing the reintroductions as temporary liability-management measures rather than a permanent funding strategy shift.
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