Gold hits record $4,600 per ounce amid Fed probe and Iran unrest

Gold prices surged past $4,600 per ounce for the first time on Monday, driven by investors flocking to safe-haven assets. This milestone came as the U.S. Department of Justice launched a criminal investigation into Federal Reserve Chair Jerome Powell, coupled with escalating violence from protests across......

Australia unveils $1.2 billion critical minerals stockpile to counter China

Australia's Finance Minister Jim Chalmers departed for Washington DC on Sunday to join finance leaders from major global economies in talks on securing critical minerals supply chains. The Albanese government simultaneously disclosed fresh details about its $1.2 billion strategic reserve, designed......

Defense stocks surge worldwide amid Trump's military policies

Defense stocks on both sides of the Atlantic have surged during the second week of January 2026, driven by President Donald Trump's aggressive foreign policy and expectations of sharply increased global military spending. This rally follows the Trump administration's military operation in Venezuela......

Volkswagen overtakes Tesla in global EV sales outside China

Volkswagen Group has surpassed Tesla to claim the top spot in worldwide electric vehicle sales excluding China through November 2025, signaling a notable shift in the competitive landscape as the U.S. electric car pioneer grapples with its second straight year of declining deliveries. Data released......

Euro poised to gain as dollar loses safe-haven appeal, ECB's Lane says

Philip Lane, the European Central Bank's chief economist, stated on Friday that the euro is well-positioned to capture a larger share of investor portfolios amid growing doubts about the dollar's effectiveness as a global safe-haven asset. Speaking at the Danish Economic Society conference in......

Asian fuel oil prices surge as Venezuelan crude shifts to US

Fuel oil prices in Asia have spiked to their highest levels in eight months, driven by traders' expectations of a major redirection of Venezuelan heavy crude toward American refineries. The premium on high-sulfur fuel oil (HSFO) 380-cst for the nearest month surged above $27 per barrel on January......

Emerging markets slide amid Trump's tariff threats

Investors pulled back from emerging markets on Thursday, driving down stocks and currencies amid rising geopolitical tensions and fears of steep U.S. tariffs. The MSCI emerging markets index dropped between 0.7% and 0.8%, its sharpest decline since mid-December, as currencies in Thailand, South Korea,......

AI and military spending to drive 50% copper demand surge by 2040

Artificial intelligence expansion and soaring defense budgets will propel global copper demand up 50 percent by 2040, risking severe shortages that could hinder economic growth and technological progress, according to a study released Thursday by S&P Global. Annual copper demand will hit 42 million......

Trump predicts US oil firms operating in Venezuela within 18 months

President Donald Trump announced this week that American oil companies could begin operations in Venezuela within 18 months, as his administration ramps up initiatives to revive the South American nation's battered petroleum industry following the arrest of President Nicolás Maduro over the......

BlackRock pumps $1.24 billion into crypto amid market outflows

BlackRock, the world's largest asset manager, kicked off 2026 with massive cryptocurrency purchases, scooping up about $1.24 billion in Bitcoin and Ethereum through its spot exchange-traded funds during the year's first three trading days. These buys signal a pivotal shift after two straight......

Cuba's oil lifeline jeopardized after 32 officers die in Venezuela

Cuba announced Tuesday the deaths of 32 military officers killed during the U.S. operation in Venezuela that captured President Nicolás Maduro, as the island nation braces for the potential collapse of its primary energy source and deepening economic crisis. The Cuban government released names,......

Trump seizes Venezuelan oil, threatening Chinese debt

China faces mounting losses as President Donald Trump moves to redirect Venezuelan oil exports away from Beijing, jeopardizing billions in unpaid debt and eroding Chinese influence across Latin America. Trump announced Tuesday that Venezuela will hand over 30 to 50 million barrels of oil to the United......

Markets shrug off Venezuela intervention despite oil transfer

Financial markets have shown a surprisingly muted response to the U.S. military intervention in Venezuela and President Donald Trump's announcement that the country will transfer up to 50 million barrels of oil under American control. Some analysts warn investors may be underestimating the geopolitical......

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