Business News
Latest business news and updates
Total: 3065
Spike in Crude Forces Fourth Fuel Hike of 2026 as Chinese Drivers Queue and Costs Climb
China implemented its fourth retail fuel price increase of 2026 after international crude surged above $100 a barrel amid Middle East escalations. The rise has prompted queues at service stations and will raise costs for motorists and logistics firms, while analysts warn of further domestic increases if geopolitical tensions push oil higher.
Loan-Fuelled Bets and Shadow Platforms: How Retail Leverage Turned China’s Gold Rally into a Crisis
Retail investors in China have suffered heavy losses after borrowing to buy gold and using unregulated platform contracts that mimicked futures. A combination of extreme price volatility and non-physical, high‑leverage products—exemplified by the Jieworui withdrawal freeze—has prompted bank warnings and regulatory action to curb disguised margin trading.
Three CEOs in Two Years: How Sun Art’s New Owner Is Rewiring a Hypermarket Giant
Sun Art has replaced three CEOs in under two years as Dehong Capital reshapes the hypermarket into a leaner, fresh‑focused omnichannel retailer. A company veteran delivered a return to profit by restoring price credibility and cutting costs, a short‑lived successor sketched a fresh‑led, near‑market transformation, and Dehong’s co‑founder has now taken the helm to marry operational fixes with capital‑driven value extraction.
BitMine Builds a Large Ethereum War Chest — Holds 3.8% of Supply as Treasury Tops $10bn
BitMine has increased its Ethereum holdings by 60,976 ETH to a total of 4,534,563 ETH, equal to about 3.76% of Ethereum’s circulating supply, and now reports a $10.3 billion treasury that includes crypto, equities and $1.2 billion cash. The accumulation highlights potential market effects from large corporate treasuries and signals a bullish posture toward Ether while preserving strategic optionality.
OnePlus to Raise Prices on March 10 as Chinese Phone Makers Signal Broad March Adjustments
OnePlus will announce price increases on March 10, part of a broader wave of planned March price adjustments among Chinese smartphone brands. The changes reflect rising component and R&D costs and a strategic shift toward restoring margins, with important implications for consumers, channel dynamics and competitive positioning globally.
Bitcoin Climbs Toward $69k as Ether Clears $2,000 — A Renewed Crypto Upswing
Bitcoin rose toward $69,000, trading at $68,967.70 with a 2.87% 24-hour gain, while Ether climbed above $2,000 to $2,022.01, up 4.53% in 24 hours. The moves reflect renewed risk appetite and liquidity in crypto markets but remain vulnerable to rapid reversals driven by market structure and regulatory developments.
Bitcoin Nears $70,000 as Ether Tops $2,000 — A Renewed Crypto Rally Tests Market Nerves
Bitcoin briefly rose above $69,000 on 9 March, with Ether surpassing $2,000 as both tokens recorded notable daily gains. The price action reflects renewed risk appetite and possible institutional inflows, but persistent volatility and regulatory considerations mean the rally could be short‑lived.
Bitcoin Breaks $69,000 as Markets Push Crypto Back Toward Late‑2021 Highs
Bitcoin rose above $69,000 on March 9, 2026, gaining 4.84% in a single day and pushing the asset back toward its late‑2021 price area. The advance reflects renewed institutional demand and elevated market liquidity, but also heightens volatility and regulatory risk for investors.
China’s Taurine Champion Warns of More Than 50% Profit Drop as Prices and Demand Slip
Yong'an Pharmaceutical, a leading Chinese taurine producer, expects net profit for 2025 to fall between RMB 18.19m and RMB 27.05m, down more than half from the prior year. The drop reflects weaker prices and sales in the taurine market; the company plans a RMB 50m capital injection into its subsidiary to develop downstream capabilities, even as regulators issued a warning over disclosure lapses.
Record Mainland Buying Cushions Hong Kong Slide as Hang Seng Falls 1.35%
Hong Kong’s Hang Seng slid 1.35% while the Hang Seng TECH index was largely steady, but record southbound Stock Connect inflows of roughly HK$37 billion limited the rout. The session featured sharp gains in a few domestic names and a narrowing of losses in chip stocks, highlighting the market’s dependence on mainland liquidity and selective investor appetites.
China’s Test-Equipment Star Seeks Nearly RMB3bn, While Major Shareholder Sells Into the Rally
Jingzhida, a STAR Market maker of semiconductor test equipment, announced a RMB 29.59 billion private placement to fund R&D and industrialisation while a major shareholder plans to sell about RMB 417 million worth of shares. The move comes after a 778% share-price surge, and follows 2025 results showing strong revenue growth but falling net profit due to heavy R&D and stock-based compensation.
Chinese Buyer Sues Trafigura, Alleges Systematic Evasion of US Russia Sanctions in Naphtha Trades
A Hainan energy firm accuses Trafigura Singapore of concealing the Russian origin of naphtha shipments, falsifying documents and inflating demurrage to shift losses onto Chinese buyers. The complainant has sued in China and plans to file evidence with OFAC and EU regulators, creating potential for cross-border legal exposure and stricter scrutiny of global commodity trading practices.