United States Retains Spot As World's Top Oil Producer

Black oil-filled raindrops fell on parts of Moscow on Thursday after a major Ukrainian drone attack targeted the city and hit an oil refinery as the Russia-Ukraine war continues to escalate. Thick black smoke could be seen in the skies of Moscow following the attack, and at least 17 people were wounded by the drones, […]

China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022 Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022. CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became effective on June 12. The Hefei-based company is planning to raise CNY29.5 billion (USD4.4 billion) by issuing 10.6 billion shares, which would also make it the Star Market’s second-largest IPO. As...

The Ansar Allah-led Yemeni Armed Forces announced on Monday that its forces attacked the al-Alam camp in Yemen’s south-central Shabwa province, which it described as being run by “Saudi officers.” The local authority told Reuters that there were significant casualties, reporting that 53 people were killed and more than 200 were wounded. The report described […]