Oil prices climbed sharply last week following Israel’s airstrike on Iran and the latter’s retaliatory action on Tel Aviv.However, the rally is likely to be short-lived unless the conflict escalates further in the coming weeks, according to Daniel Ghali, a senior commodity strategist at TD Cowen. In a recent note…
EU Energy Commissioner Dan Jorgensen announced on Monday that the European Commission will not include measures to limit the EU’s dependence on Russian nuclear fuel in its proposals to ban Russian gas this week.This week, the EU executive is set to propose legal measures to achieve its stated goal of…
Nippon Steel’s long-delayed merger with US Steel has concluded a fraught chapter in industrial dealmaking, but some investors of Nippon Steel remain concerned about how the Japanese giant will finance the acquisition and planned capital expenditures.The “golden share” or stake set aside for the US government in the combined company…
Even as tensions simmer in the Middle East with the possibility of crude oil supply disruptions, prices are likely to be capped below the $80-per-barrel mark. This rise in tensions between Iran and Israel is likely to sustain a high oil price risk premium in the short term, given the heightened…
As world leaders convene for the G7 summit in Alberta, Canada, on June 16, 2025, an escalating conflict between Israel and Iran will probably be one of the issues taking centre stage. US President Donald Trump finds himself under intense scrutiny and pressure to address the volatile situation in the…
Asian markets showed resilience on Monday amid rising geopolitical risks following the recent Israel-Iran conflict. The tensions in the Middle East, which entered their fourth day on Monday, intensified uncertainties for investors, and the impact is visible in higher oil prices. Over the weekend, Brent crude closed 7.02% higher at $74.23 a…
Leonard A Lauder, the longtime steward of Estée Lauder Companies and the son of its founder, passed away at the age of 92, leaving behind a legacy of transforming a small family-run cosmetics business into one of the world’s largest and most influential beauty empires.From modest beginnings in New York,…
Newell Brands Inc (NASDAQ: NWL) is currently down more than 50% versus its year-to-date, but a JPMorgan analyst is convinced the consumer goods company is turning a corner, particularly as trade tensions and tariff risks once again loom over markets.In her latest research note, Andrea Teixeira upgraded NWL shares to…
Asian stock markets started the trading week with a largely positive tone on Monday, though investors remained on high alert, carefully assessing the escalating tensions between Israel and Iran alongside a fresh batch of economic data from China. While the geopolitical situation fueled a jump in oil prices, most regional…
Worries over potential disruptions stemming from the Israel-Iran conflict are impacting the oil shipping industry. The costs associated with chartering tankers to transport oil from the Middle East to Asia have risen, leading to a slowdown in ship bookings, according to a Reuters report.Tensions in the Middle East escalated last week…