Business
Yuan hits three-year high as inflation, trade data beat forecasts
China's yuan surged on Monday, briefly touching its strongest level against the U.S. dollar in about three years, as a wave of…
Category: Business
Business
Russia’s Urals crude discounts widen as Hormuz peace hopes collide with Ukrainian strikes
Discounts on Russia's flagship Urals crude have widened after weeks of narrowing, as shifting expectations around a potential end to the U.S.-Iran…
Business
Hormuz Strait closure disrupts mining, fertilizers and consumer prices worldwide
The ongoing closure of the Strait of Hormuz, now stretching beyond two months amid the U.S.-Iran conflict, is sending shockwaves far beyond…
Business
Tesla builds last Model S and Model X, ending a 14-year run
Tesla has officially ended production of the Model S sedan and Model X SUV at its Fremont, California factory, bringing to a…
Business
European shares flat as U.S.-Iran talks collapse
European equities opened the week on a subdued note on Monday as a breakdown in U.S.-Iran peace negotiations sent oil prices higher…
Business
Bitcoin’s market cap overtakes Tesla’s amid ETF inflow surge
Bitcoin has overtaken Tesla in global market capitalization, a milestone that underscores the cryptocurrency's recovery and the growing weight of instituti...
Business
Sony shares jump after TSMC joint venture, record profit forecast
Sony Semiconductor Solutions and TSMC announced on Friday the signing of a non-binding memorandum of understanding to establish a joint venture focused…
Business
BOE’s Greene warns inflation risks ‘entirely on upside’ amid Iran war
Central banks around the world are shifting toward tighter monetary policy as the ongoing conflict in Iran keeps oil prices elevated and…
Business
Morgan Stanley warns oil could hit $150 if Hormuz blockade persists
The global oil market is in a 'race against time,' Morgan Stanley warned in a report released over the weekend, cautioning that…
Business
Saudi oil exports to China set to hit record low in June
Saudi Arabia's crude oil shipments to China are on track to fall to roughly 10 million barrels in June — about 333,000…