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Beijing, Sept 23 — Central state-owned enterprises met in Beijing to coordinate support for high-standard construction of the Hainan Free Trade Port. Hainan officials presented provincial economic development and core FT Port policies; executives fro

2026-09-23

Beijing, Sept 23 — Central state-owned enterprises met in Beijing to coordinate support for high-standard construction of the Hainan Free Trade Port. Hainan officials presented provincial economic development and core FT Port policies; executives from CNPC, CNOOC, Sinochem, General Technology Group, Sinopec, China Huaneng, China Communications Construction and Guoxin Holdings outlined their investment layouts during the "15th Five-Year" period and related support measures. Attendees said they will use Hainan’s opening policies, leverage corporate strengths, optimize on-island industry placement and coordination investments to contribute to the FT Port’s development.

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2026-09-23

Todd Boehly, U.S. billionaire and former Chelsea chairman, is leading a bid for Russian oil company Lukoil’s international assets with backing from the U.S. government and Gulf capital reportedly linked to the Trump family. The assets, placed for sal

Todd Boehly, U.S. billionaire and former Chelsea chairman, is leading a bid for Russian oil company Lukoil’s international assets with backing from the U.S. government and Gulf capital reportedly linked to the Trump family. The assets, placed for sale after Lukoil faced U.S. sanctions last year, were written down to about $20 bln in March and span oil and gas fields from Central Asia to Mexico, thousands of service stations and substantial European refining capacity. Insiders say Boehly’s consortium includes the U.S. International Development Finance Corp. (DFC), which would take roughly a 15% stake, UAE presidential brother Sheikh Tahnoon and Qatar’s Al-Hayat family; Boehly has been preparing for months and seeks to displace U.S. buyout giant Carlyle, which had earlier agreed to acquire the assets. Boehly has not finalized terms with Lukoil; the proposal is advanced but the parties’ negotiation status is unclear.
2026-09-23

UK preliminary September composite PMI 51.7, below consensus 52.0 and down from August's 52.5.

UK preliminary September composite PMI 51.7, below consensus 52.0 and down from August's 52.5.
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