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CITIC Bank held its 1H2026 results briefing in Beijing. President Lv Tiangui said the bank will preserve strategic stability to navigate cyclical uncertainty. Facing declining interest rates and narrowing net interest margins, CITIC Bank’s strategic

2026-08-27

CITIC Bank held its 1H2026 results briefing in Beijing. President Lv Tiangui said the bank will preserve strategic stability to navigate cyclical uncertainty. Facing declining interest rates and narrowing net interest margins, CITIC Bank’s strategic logic remains unchanged: continue to anchor on ROE and RAROC and return to value fundamentals.

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2026-08-27

Thai gold dealers say the Ministry of Finance has no near-term plans to impose a gold tax.

Thai gold dealers say the Ministry of Finance has no near-term plans to impose a gold tax.
2026-08-27

For the first time since hostilities involving Iran began, Iraq is offering buyers the option to receive crude outside the Persian Gulf, highlighting the resilience of Iraqi exports despite Strait of Hormuz risks. Iraq’s State Oil Marketing Organizat

For the first time since hostilities involving Iran began, Iraq is offering buyers the option to receive crude outside the Persian Gulf, highlighting the resilience of Iraqi exports despite Strait of Hormuz risks. Iraq’s State Oil Marketing Organization (SOMO) has put Basra medium and Basra heavy crude up for tender, with buyers able to take delivery next month via ship‑to‑ship transfer off Oman's coast. The marks move a strategic shift from earlier in the conflict, when Iraq used steep discounts to push loading further into the Gulf. It remains unclear how SOMO will route exports out of the Persian Gulf; several firms assisted Iraq in shipping to global buyers during the fighting.
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