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Shenzhen sold a prime residential plot in Bao'an central district with planned gross floor area of 119,500 sq m. The lot carried a starting price of 5.28 bln yuan. After 355 bidding rounds, Poly Developments won the site for 10.51 bln yuan, implying

2026-06-25

Shenzhen sold a prime residential plot in Bao'an central district with planned gross floor area of 119,500 sq m. The lot carried a starting price of 5.28 bln yuan. After 355 bidding rounds, Poly Developments won the site for 10.51 bln yuan, implying a floor price of 87,924 yuan/sq m and a premium of 99.05%. Other bidders included China Resources Land with China Merchants Shekou, Jianfa and China Overseas.

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2026-06-25

British Chancellor of the Exchequer Reeves: The Labour Party still has unfinished work on fiscal decentralization.

British Chancellor of the Exchequer Reeves: The Labour Party still has unfinished work on fiscal decentralization.
2026-06-25

Oil pared wartime gains on Thursday as markets priced in improved global supply after tankers began transiting the Strait of Hormuz following a US‑Iran agreement to reopen the route. Maritime analytics firm Kpler says more than 20 tankers carrying ro

Oil pared wartime gains on Thursday as markets priced in improved global supply after tankers began transiting the Strait of Hormuz following a US‑Iran agreement to reopen the route. Maritime analytics firm Kpler says more than 20 tankers carrying roughly 35 mln barrels of crude — mostly non‑Iranian vessels that had been stranded in the Gulf for over three months after Tehran effectively closed the waterway — have transited the strait; most are expected to reach Asian destinations in early August. CITIGROUP says the worst phase for commodity‑futures carry/arbitrage trades may be over; its base case assumes materially eased tensions and it sees Brent falling to $60–65/bbl over the next 6–12 months as shipping normalizes.
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