Business
Riksbank, BOJ hold rates as Iran war fuels inflation fears
Sweden's Riksbank held its key interest rate unchanged at 1.75% on Thursday, while minutes from the Bank of Japan's March meeting —…
Category: Business
Business
China adds gold reserves for 18th straight month
The People's Bank of China expanded its gold holdings for an 18th consecutive month in April, adding 260,000 ounces to bring total…
Business
Emirates posts record $5.4B net profit despite Iran war disruptions
The Emirates Group reported its strongest-ever financial performance for fiscal year 2025-26, posting record profit, revenue, and cash reserves even as the...
Business
DP World launches war-risk cargo insurance for Gulf trade
DP World on Thursday launched a cargo war-risk insurance product offering end-to-end coverage for goods moving across Middle East trade routes, as…
Business
EU says Iran war not severe enough to warrant airline emergency aid
The European Union is set to inform airlines that the ongoing conflict in Iran has not disrupted tourism severely enough to justify…
Business
Eurozone producer prices swing to inflation, bolstering ECB rate hike case
The European Central Bank is moving closer to raising interest rates for the first time since the current easing cycle ended, as…
Business
Eastern Europe’s defense surge strains budgets as S&P warns on ratings
Europe's accelerating military buildup is colliding with fiscal reality, as Baltic and Eastern European officials warn that the continent's defense spendin...
Business
Global bond markets surge as US-Iran deal hopes fuel record issuance
Global bond markets experienced a dual surge this week as borrowers rushed to lock in favorable financing conditions amid growing optimism over…
Business
Maersk warns Iran war’s economic toll will deepen in coming months
The economic toll of the U.S.-Iran conflict is cascading through the global economy, with American airlines hemorrhaging billions on jet fuel, a…
Business
Asian stocks surge on hopes for U.S.-Iran Hormuz deal
Global equity markets surged on Thursday as investors bet that the United States and Iran are edging closer to a deal that…