Business

Crude crosses $100 as Red Sea tensions disrupt supplies

Global crude oil prices surge past $100 per barrel as escalating Red Sea attacks disrupt supplies, raising fears of wider global oil trade disruptions. Read More: https://punchng.com/crude-crosses-100-as-red-sea-tensions-disrupt-supplies/

South Korea Speeds Up Leveraged ETF Deposit Rule to July 31

South Korea is moving up the date it had planned to lift the minimum cash deposit requirement for investors in leveraged exchange-traded funds to July 31, a measure to curb demand for the products that are blamed for amplifying stock…

Trump threatens Iran and Houthi rebels with 'major military punishment'

Iran and the United States threatened to intensify attacks on Thursday after Yemen's Houthi rebels struck Saudi oil tankers in the Red Sea, driving Brent crude above $100 a barrel and fuelling fears of a widening regional conflict and…

Intel's turnaround under CEO Lip-Bu Tan gains steam with another strong quarter

It's hard not to be impressed by Tan, who, in a little more than a year, has transformed the company.

Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite

This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.

CXMT’s Frenzy Ignites Hopes of Futher Hardware Rally in China

Investors are looking to Monday’s trading debut of CXMT Corp. to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s initial public offering.

EU’s 21st package of anti-Russian sanctions blacklists 15 Chinese firms

The blacklist also includes three companies from Turkey, three from Kyrgyzstan, two from Kazakhstan, two from the United Arab Emirates and one from India

US imposes new tariffs on 60 countries

The Trump administration has imposed new tariffs of at least 10% on imports from 60 countries over claims they failed to prevent forced labour.

Japan June core inflation accelerates, stays below BOJ target

HSBC sells Singapore insurance business to Germany's Allianz in US$2.09 billion deal

Gold Holds Decline as Surging Energy Costs Raise Rate-Hike Bets

Gold held a retreat as the widening conflict in the Middle East pressured energy prices and increased expectations the US Federal Reserve will tighten monetary policy to contain inflation.

Japan June core CPI rises 1.6% yr/yr