15:20
Asian financial markets opened lower Monday as investors prepared for another volatile week, with oil prices remaining above 100 dollars per barrel and no clear end to the conflict between the United States and Iran that has effectively disrupted shipping through the Strait of Hormuz. Futures tied to United States equities also signaled a......
China’s economy started 2026 stronger than expected, with industrial production and retail sales both exceeding forecasts in the January to February period, according to data released Monday by the National Bureau of Statistics. Industrial output rose 6.3 percent year on year during the first two months of the year, accelerating from......
The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs, have surged above $400,000 and in some......
Apple is moving closer to launching its first foldable smartphone, with display panels for the device expected to enter mass production in May, according to a leak reported by 9to5Mac citing Chinese tipster Instant Digital. The device, widely referred to as the iPhone Fold, is expected to debut alongside the iPhone 18 Pro and iPhone 18 Pro......
Bitcoin mining companies are more vulnerable to fluctuations in the price of Bitcoin than to rising electricity costs triggered by higher oil prices, according to a new analysis examining the impact of the Iran related oil shock on the cryptocurrency industry. A report released this week by Luxor Technology’s Hashrate Index found that......
The Italian government is preparing to hold discussions with representatives of Pirelli and its major investors as authorities examine concerns surrounding foreign influence within one of the country’s most prominent industrial groups. According to officials familiar with the matter, the talks are expected to involve the company’s......
China has begun releasing nearly 10 million tons of fertilizer from its national reserves while boosting domestic production to record levels as the closure of the Strait of Hormuz enters its third week, threatening global agricultural supply chains at the start of the Northern Hemisphere’s spring planting season. The intervention marks......
China has renewed its opposition to potential new arms sales by the United States to Taiwan, warning that such actions could undermine regional stability and harm relations between the two global powers. Speaking in Beijing on Friday, Chinese Foreign Ministry spokesperson Guo Jiakun reiterated that Washington should respect the long-standing......
China and Vietnam are set to hold their first joint meeting bringing together ministers responsible for foreign affairs, defense, and internal security, marking a new step in the strategic relationship between the two neighboring countries. The meeting, scheduled to take place in Vietnam next week, will introduce the so-called “3+3”......
Asian equity markets declined on Friday as crude oil prices hovered close to $100 a barrel, intensifying concerns that the conflict involving Iran could disrupt global energy supplies for an extended period. The selloff followed losses on Wall Street, where the S&P 500 fell 1.5 percent on Thursday to its lowest level since November. Major......
Iran’s military leadership warned that global oil prices could surge to $200 per barrel as Iranian forces intensified attacks on commercial shipping near the Strait of Hormuz, escalating a maritime crisis that threatens one of the world’s most critical energy routes. Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya......
Global stock markets extended their decline on March 11 and 12 as surging oil prices and renewed geopolitical tensions linked to the conflict with Iran revived fears of persistent inflation, weakening expectations for interest rate cuts and pushing investors toward safe haven assets. On Wall Street, the Dow Jones Industrial Average fell 289......
BMW warned that profits will decline in 2026 as higher tariffs, currency shifts, and rising costs weigh on the German luxury carmaker’s profitability, even as the company bets on its next generation of electric vehicles to drive long term growth. Speaking at its annual conference in Munich, the company said it expects a moderate decline......
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