News
Oil eases, equities rise as market focuses on Strait of Hormuz
5+ hour, 23+ min ago (637+ words) The US-Israel war on Iran has sent oil prices surging above normal levels Oil prices pulled back and equities rose on Monday as investors focused on the crucial Strait of Hormuz and the head of the IEA said more crude…...
US federal judge quashes subpoenas in Fed chair investigation
2+ day, 22+ hour ago (566+ words) Iran's envoy to Ukraine, Shahriar Amouzegar, dismissed the s" US Federal Reserve Chair Jerome Powell has said the investigation into building cost overruns was meant to intimidate the independent central bank A US federal judge has quashed subpoenas issued to…...
US economic growth sharply lower than estimated in fourth quarter
3+ day, 5+ hour ago (552+ words) US GDP growth came in at an annual rate of 0.7 percent in the fourth quarter of 2025 The US economy grew at a significantly slower pace than initially estimated for the final months of 2025, government data showed Friday, a major downgrade…...
Senegal to take back assets of phosphate giant ICS
3+ day, 4+ hour ago (524+ words) Senegalese Prime Minister Ousmane Sonko said the government had renegotiated a string of contracts -" mainly with foreign firms -- in key sectors including mining Senegal's government said on Friday it would take back all the assets of ICS -- one of Africa's…...
Mideast war risks sending global economy into stagflation
2+ week, 4+ hour ago (632+ words) The duration of the conflict will be key to determining its impact on the global economy, say economists An extended conflict in the Middle East after the US and Israel launched strikes on Iran could trigger global stagflation -- a troublesome…...
ECB warns of stronger euro impact, holds rates
1+ mon, 1+ week ago (630+ words) The euro's gains against the dollars are causing jitters at the ECB European Central Bank President Christine Lagarde has been saying that interest rates are in a 'good place' The ECB has held its benchmark interest rate steady at two…...
Gold surges further, oil jumps on Trump's Iran threat
1+ mon, 2+ week ago (577+ words) Stocks plunged eight percent in Jakarta, extending Wednesday's rout, before paring the losses later in the day A line outside a gold dealer in Hong Kong this week Gold soared to a fresh record near $5,600 on Thursday and oil prices…...
Delayed US data expected to show solid growth in 3rd quarter
2+ mon, 3+ week ago (535+ words) Investment in artificial intelligence is expected to be a source of continued momentum for the US economy in 2026 The US economy is expected to post another solid economic growth reading Tuesday, but the much-delayed figures likely will not settle debate…...