Business

Oil shipments are under attack on multiple fronts as fighting escalates in Red Sea, Hormuz and Black Sea

More than 60 commercial ships have been attacked in the Persian Gulf, Strait of Hormuz and Gulf of Oman since March 1.

MC Oluomo: No governor has power to suspend NURTW

The national leadership of the National Union of Road Transport Workers (NURTW), on Friday, set up and inaugurated a seven-man committee to manage the affairs of parks and garages in Osun State. The committee, which will be led by Mr…

SK chairman Chey Tae-won ordered to pay ex-wife $644m in divorce case

A South Korean appeals court on Friday ordered SK Group Chairman Chey Tae-won to pay his former wife, Roh Soh-yeong, 944 billion won (about $644 million) in cash as part of their long-running divorce property settlement, while reaffirming…

This energy company sidestepped Iran war challenges by pushing into data centers

SLB has looked beyond the Middle East, capitalizing on revenue opportunities in other regions and in the AI market.

Why Intel, Micron and other major chip stocks are falling — even as the rest of tech holds up

There isn’t one “smoking gun” catalyst — but investors could be reacting to Chinese memory developments, Korean stock-market weakness and Intel’s inability to sustain postearnings gains

The 'sell chips, buy software' trade reappears as Wall Street caps off another volatile week

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Can AI-powered ETFs beat the stock market?

“So far, AI isn’t poised to steal portfolio managers’ jobs.”

Why bond investors are pushing up some of your interest rates

Many types of consumer loans like mortgages peg their interest rate to the yield on 10-year Treasury bonds, which has been moving higher.

Trump says US to launch EU probe over 'illegal' Google fine

US slaps PH exports with higher 12.5% tariff

MANILA, Philippines — Washington on Friday formally imposed a new 12.5-percent tariff on Philippine exports, joining dozens of other US trading partners that the Trump administration said had failed to adopt adequate prohibitions against…

Petrol price up by Rs3.66, HSD by Rs4.80 as govt revises fuel rates

The government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs3.66 and Rs4.80 per litre, respectively, passing on the impact of fluctuating global oil prices following renewed hostilities in the Persian Gulf…

MANILA, Philippines — The Philippine peso fell to a fresh record low on Friday, dragged down by a resurgent US dollar…

MANILA, Philippines — The Philippine peso fell to a fresh record low on Friday, dragged down by a resurgent US dollar as higher oil prices, driven by renewed fighting in the Middle East, sent investors toward safe-haven assets while new…