Breadcrumb Trail Links PMN Business Author of the article: Article content SHANGHAI — China’s auto sales surged 29.7% in July from a year earlier to 2.42 million units, extending a recovery that began in June with the help of eased COVID curbs and government incentives. Sales for the first seven months, though, were still 2% lower than the corresponding period …

Breadcrumb Trail Links PMN Business Author of the article: Article content Gold prices retreated on Thursday from their highest levels in more than one month, as comments by U.S. Federal Reserve officials pointed towards further interest rate hikes, despite signs of easing inflation in the world’s largest economy. Gold is highly sensitive to rising U.S. interest rates, as they increase …

This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Figure 1: Representative photo of molybdenum mineralization identified near the end of drill hole NL-22-74 GNW Article …

Article content DUBAI — Abu Dhabi’s International Holding Co on Thursday said it had acquired a 50% stake in Turkey’s Kalyon Enerji for 1.8 billion dirham ($490 million) through one of its subsidiaries. Kalyon Enerji is part of Turkey’s Kalyon Holding, which has interests in construction, energy and aviation. IHC subsidiary International Energy Holding will acquire the stake, IHC said. …

Article content Australia’s Santos Ltd said on Thursday it had bought a company that owns an approved underground pipeline route that could transport natural gas from its planned Narrabri project, aiming to supply the domestic market around mid-decade. Santos did not disclose the price it paid to buy Hunter Gas Pipeline Pty Ltd but a spokesperson said it was “not …

Breadcrumb Trail Links PMN Business Author of the article: Reuters Stella Qiu and Alun John Article content BEIJING/HONG KONG — Asian shares extended a global rally on Thursday after softer-than-expected U.S. inflation data encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar struggled for footing after its biggest plunge in five months. U.S. consumer prices …