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The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates set the official selling price for its September Murban crude oil at $79.07 per barrel.

2026-08-12

The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates set the official selling price for its September Murban crude oil at $79.07 per barrel.

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2026-08-12

Tencent Holdings (00700.HK) announced that its Fintech and Enterprise Services revenue increased by 9% year-on-year to RMB 60.3 billion in the second quarter of 2026. The growth in Fintech services revenue was primarily driven by increased revenue fr

Tencent Holdings (00700.HK) announced that its Fintech and Enterprise Services revenue increased by 9% year-on-year to RMB 60.3 billion in the second quarter of 2026. The growth in Fintech services revenue was primarily driven by increased revenue from commercial payments, wealth management, and consumer lending services. The growth in Enterprise Services revenue was mainly driven by increased cloud service revenue, benefiting from rising demand for AI-related services, continued expansion into international markets, and a more favorable pricing environment.
2026-08-12

US July CPI eased to 3.4% YoY from 3.5% in June, the Bureau of Labor Statistics said on Wednesday, matching economists' expectations. Core CPI (ex-food and energy) fell to 2.5% YoY from 2.6%. The moderation was driven largely by lower energy prices;

US July CPI eased to 3.4% YoY from 3.5% in June, the Bureau of Labor Statistics said on Wednesday, matching economists' expectations. Core CPI (ex-food and energy) fell to 2.5% YoY from 2.6%. The moderation was driven largely by lower energy prices; gasoline was 2.9% lower in July versus June despite a sharp late‑July spike linked to tensions with Iran. Knock‑on effects from Trump’s war on Iran continue to hit the US economy. The report arrives as markets press the Fed to raise rates to counter inflation risks from war‑related energy supply disruptions, alongside tariff impacts and price pressures associated with an AI boom.
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