Business

Crude prices climb over 4% as Middle East tensions, inventory draw fuel supply fears

Oil prices rebounded sharply on Wednesday due to renewed Middle East tensions. Concerns over global crude supplies and lower US inventories supported the market. Military developments in the region and air strikes on militant targets…

Ex-LG chair returns to tailoring after losing seat

I n Sheka ward of Kumbotso Local Government Area, the hum of sewing machines and the rhythm of scissors cutting fabric tell a story of resilience. Here, Abdullahi Gali Shitu, popularly known as Comrade Abdullahi Gali Basaf, spends his days…

Australia's Meteoric Resources ties up with Posco for Brazil rare earths project

Australia Core Prices Cooler Than Expected, Easing RBA Pressure

Australia’s core inflation came in cooler than anticipated last quarter, easing pressure on the Reserve Bank for a near-term policy adjustment and allowing it scope to keep assessing the economic outlook.

One AI Chipmaker Trade Blew Up $60 Million in Crypto Bets

The crypto industry learned an expensive lesson this week when a Korean chip manufacturer’s shares suddenly dropped.

Gold holds steady ahead of Fed's rate decision

Gold edges lower ahead of Fed decision on interest rates

Korea-Hong Kong Correlation Shows Shorts Unwind: Equity Insight

Global funds entered short positions in Hong Kong tech stocks earlier this year to raise funds to invest in South Korea’s chip giants, but the latest correlation numbers show those trades look to be rapidly unwinding.

Capcom Shares Surge After Record Catalog Sales, 1Q Profit Beat

Capcom Co.’s shares gained the most since January 2014 after the Japanese videogame developer’s first-quarter operating profit beat analysts’ expectations, helped by strong software sales.

Malaysia Drops Blockchain Event Backing Over Ex-OnlyFans Star

Malaysia’s government withdrew its backing for a blockchain conference after promotional material of an after-party featuring a former OnlyFans creator sparked an outcry in the Muslim-majority country.

FIA CEO on Prediction Market 'Disruption,' Regulation

As prediction market giants like Kalshi and Polymarket begin offering perpetual futures trading with CFTC approval, other investment platforms are looking to expand their offerings. CME Group is launching single-stock futures, allowing…

Oil jumps as U.S.-Iran resume strikes after a brief pause

Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.