Wednesday 18 - 14:45
Global oil prices climbed sharply on Tuesday as renewed Iranian attacks on energy infrastructure in the Gulf reversed a brief decline, with Brent closing above 100 dollars per barrel and US crude gaining nearly 3 percent on the day. The rally comes as the conflict involving the United States and Israel against Iran enters its third week,......
BHP Group said Brandon Craig will become chief executive on July 1, succeeding Mike Henry after more than six years in the role, signaling continuity in the mining company’s long term strategy. Craig currently serves as president of BHP Americas, where he has overseen growth initiatives across Canada, the United States and South America......
US President Donald Trump said he has requested a one month delay to his planned summit with Chinese President Xi Jinping, citing the ongoing war with Iran as the reason for remaining in Washington. Speaking at the White House, Trump said he wanted to travel to China but considered it necessary to stay in the United States due to the conflict.......
Global oil prices declined on Wednesday after Iraq and Kurdish authorities agreed to restart crude exports through Turkey’s port of Ceyhan, offering limited relief to a market strained by weeks of supply disruptions linked to the Middle East conflict. Brent crude futures fell about 2.2 percent to around 101 dollars per barrel, while......
Global investor confidence has fallen to its lowest level in six months as the war involving Iran and growing stress in private credit markets push fund managers toward their most defensive positioning since the early stages of the COVID-19 pandemic. Bank of America’s March global fund manager survey, covering 210 institutional investors......
OpenAI chief executive Sam Altman faced widespread criticism after posting a message thanking software developers at a time when job cuts linked to artificial intelligence are accelerating across the technology sector. Altman wrote on X that he felt “enormous gratitude” toward people who built complex software “character......
The euro weakened against the US dollar, slipping below the 1.1500 level on Tuesday as markets positioned ahead of key policy decisions from the Federal Reserve and the European Central Bank. The EUR/USD pair closed near 1.1491 after opening at 1.1505, marking its lowest level in seven months. The Federal Reserve began its two day policy......
Russia’s oil revenues recorded a sharp weekly increase after a temporary US sanctions waiver and rising global prices linked to tensions with Iran triggered a rapid market reversal, easing months of pressure on Moscow’s energy income. Seaborne oil export revenues rose by about 890 million dollars in the week ending March 15, reaching......
Goldman Sachs warned that the ongoing conflict involving the United States, Israel and Iran is driving sharper increases in refined fuel prices than in crude oil, even as Brent remains above 100 dollars per barrel amid one of the largest supply disruptions on record. The bank’s commodities team, led by Daan Struyven, raised its short-term......
Oil prices declined on Wednesday as a sharp increase in US crude inventories and a deal to resume Iraqi exports offset ongoing fears of supply disruptions linked to tensions with Iran in the Gulf. Brent crude dropped about 1.2 percent to around 102 dollars per barrel, while US West Texas Intermediate fell roughly 1.8 percent. The decline......
Amazon.com Inc. is planning a major reduction in the number of packages it ships through the U.S. Postal Service, according to reports from the Wall Street Journal. The move, expected to cut postal shipments by at least two-thirds, could result in significant revenue losses for the Postal Service, which has long relied on Amazon as one of......
The USS Gerald R. Ford, the U.S. Navy’s newest and largest aircraft carrier, is expected to dock temporarily at a foreign port after a fire broke out on board, U.S. officials said Tuesday, amid its deployment supporting operations linked to the ongoing war with Iran. The nuclear‑powered carrier, currently operating in the Red Sea,......
Lululemon Athletica on Tuesday projected annual revenue and profit slightly below Wall Street expectations, reflecting ongoing challenges in a competitive market and internal governance issues. The announcement comes amid a period of leadership change and strategic uncertainty for the company. Lululemon expects 2026 revenue to range between......
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