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Asian shares struggled on Tuesday, as investors considered Middle East tensions. Industry figures also called for a halt in AI development. Meanwhile, higher oil prices and bond yields heightened caution ahead of 'key' central bank meetings taking place in the U.S. Yemen's Houthis, who are aligned with Iran, launched a new offensive on Saudi Arabia Monday. Riyadh had blamed Iran-backed fighters based in Iraq for an assault on the east-west oil pipeline of the kingdom that could disrupt up to 4% global supply. Gulf Arab states have also delayed planned talks with Iran. Brent crude was up by 1.21% at...

Brent crude prices soared above $100 per barrel on Wednesday as the escalating conflict engulfing the Middle East fueled fears of energy-driven inflation and sent global stock markets tumbling in advance of a number major central bank decisions. Brent crude futures rose by as much as 3%, reaching a session-high of $100.95. This was the first time the price has surpassed the symbolic level since July 24. After Iran claimed it had fired ballistic missiles on a U.S. military base in Jordan, and both sides claimed they had attacked vessels, oil supply concerns from the region were raised. The latest...

Brent crude climbed to $100 per barrel Wednesday, keeping Asian stock markets calm as the attacks intensified in the Middle East. This stoked inflation fears ahead of closely-watched U.S. consumer price indices. As traders exited their short positions, the yen rose to a near seven-month high against the dollar. This was due to expectations of faster Bank of Japan rate hikes as well as a possible rush of Japanese capital repatriation. The euro climbed ahead of Thursday's European Central Bank policy announcement, as markets were expecting an increase amid inflationary pressures due to the Iran War. Iranian-backed Houthis launched attacks...

The yen soared and stocks fell on Tuesday after an attack on oil facilities in the Gulf drove crude to near $100 per barrel. Copper prices also hit record highs. Brent crude futures reached their highest level in six weeks, close to $99 per barrel, after Yemeni Houthis, who are backed by Iran, attacked energy facilities in Saudi Arabia and other cities. This highlights the danger of the conflict spreading across the region, and complicating fuel supply on world markets. Diesel prices have risen to record levels and gasoline prices are also higher than they were before the war. Even...

The yen surged Tuesday while Asian markets struggled to find direction due to a mix of regional economic data, and new 'Iranian' threats in the Persian Gulf. The Nikkei 225 index fluctuated between gains, losses and a slight gain of 0.2%. Meanwhile, the yen rose as high as 0.6% at 153.51, reaching its highest level since February 18. The KOSPI, MSCI's broadest Asia-Pacific share index outside Japan, was up 1.2%. S&P 500 futures fell 0.1% on Monday after the U.S. holiday. Westpac analysts stated that while U.S. Labor Day was a quieter week in terms of trading volume, the weekend...

The Japanese yen rose sharply on Wednesday against the U.S. Dollar after retracing approximately half of the gains made at the end July following a rare, joint intervention between the U.S. The motive for the intervention was not immediately apparent. The yen had fallen to a 40-year-low of 163.98 per dollar prior to the intervention. It rose as high as 155.21, before giving up some of its gains. The yen last rose 0.79% to 158.92 dollars. Chris Scicluna is the head of Daiwa Capital Markets Europe's economic research. He said: "It would be convenient for the U.S. to conduct a...

Investors awaited new developments in the U.S. - Iran conflict and the Japanese yen rose sharply against U.S. dollars. The yen's move was not immediately apparent. Over the past month, the currency has retraced approximately half of its gains made following a rare joint action by the U.S. On Wednesday, the yen rose by 0.92% to 158.72 dollars. Treasury yields in the United States have fallen from their multi-year highs. The increase in borrowing costs in major economies has heightened concerns over tighter monetary policies and worsening fiscal conditions. Investors remain focused on Iran a day after U.S. airstrikes on...

The dollar reached a two-week peak on Wednesday, as investors flocked to the U.S. dollar amid growing concerns over the impact of the energy crisis and diverging monetary policies?across major economies. After the largest exchange of fire for weeks, the U.S. and Iran were back in a war-like situation on Wednesday. The dollar tends to gain from higher oil costs because the U.S. is less vulnerable to energy shocks compared to other major economies. This attracts demand to the detriment of currencies like the euro and the yen. The Federal Reserve faces a growing threat of tightening policy in 2027,...

The stock market in Asia slumped on Wednesday, as the global selloff triggered by the bond markets spilled into?the region after renewed U.S. attacks on Iran drove oil prices higher. MSCI's broadest Asia-Pacific share index outside Japan fell 1.5%, as South Korea's KOSPI plunged more than 3% and the Nikkei was down 2.6%. S&P 500 futures fell 0.1%. Brent crude futures continued to rise as trading resumed on the Asian continent, rising by 1.3% to $95.91 per barrel. This was after U.S. airstrikes against Iran, which had pushed prices up to a 5-week high, on Tuesday. Westpac analysts noted that...

The global bond yields reached new highs as traders prepared for an interest rate increase and renewed fighting in the Middle East boosted oil prices. This put pressure on stock markets all over the world. Investors were also worried about the ever-increasing public debt. The yield on Britain's 10-year bond hit a record high since 2008, above 5.24%. Meanwhile, the German equivalent yield reached a 15-year peak at 3.36%. Ryutaro kimura, senior strategist at BNP?Asset management in Tokyo, said: "I think that there is a sense of resignation - tinged by helplessness - about rising interest rates." The march upward...

Global bond yields reached new highs as renewed fighting in the Middle East pushed oil prices to $90 per barrel, and pressured stock markets around the globe. Japan's benchmark 10-year rate hit 3% for a first time in decades. The 10-year U.S. Treasury Yield, which is used as a benchmark to price all asset classes, reached its highest level since early 2025, at 4.78%. Futures for French and German bonds extended the selling that had previously driven yields up to 15-year levels. Ryutaro kimura, senior strategist at BNP asset management in Tokyo, said: "I think that there is a sense...

Imperial Oil, a Canadian oil company, more than doubled its second-quarter profits and beat Wall Street's estimates on Friday. A surge in crude oil prices helped offset lower oil sands production and the impact of planned refinery maintenance. Cenovus also reported a dramatic jump in its quarterly profit earlier this week and increased its production outlook. Higher crude prices boosted Canada's oil-sands industry despite output restrictions due to maintenance. Geopolitical tensions and uncertainty in the Middle East boosted oil prices, while global fuel supply disruptions improved refinery margins. The higher benchmark crude prices helped Imperial's realized prices. Synthetic crude realizations...

Ammar Al-Joundi, CEO of Agnico Eagle in Canada, said that the company is not interested in Barrick Mining's proposed North American initial public offering. Al-Joundi stated that it would be a waste of money for Agnico Eagle to invest in Barrick Mining's proposed North American IPO ...,". He said that it was not a matter of valuation, or whether the deal is a good one or not. Al-Joundi said that it was up to Barrick's board and management at this point to decide if Agnico will attempt to buy the Nevada assets of Barrick in the future. Barrick declined comment....

The Trump administration announced on Monday that it was close to approving permits to'mine' the deep sea as part of an broader effort to increase U.S. access to the vital minerals needed across the U.S. economy. Interior Secretary Doug Burgum told a G20 gathering in Houston of energy ministers that the permits could be issued within months, as the administration pursues its strategy of "energy add" to expand the supply chains of the country and its allies. Donald Trump, since returning to office in 2017, has taken steps to bolster the deep-sea mine industry. However, he still hasn't issued operational...

Alcoa's chief financial officer said that the steep price of aluminum in the U.S. would not?drop much even if Washington halved the tariffs on metals imported from Canada because other countries are still needed. The price that U.S. The price?U.S. Molly Beerman, Alcoa's Chief financial officer, said that the U.S. needs to import around 4 million tonnes of aluminum each year. Canada can only provide 3 million tonnes of this. Beerman stated that Midwest would not drop significantly, even if the U.S. were to receive a favorable rate from Canada. "It may come down a bit, but it won't return...

Argentina and Chile want to unlock 'billions' of dollars worth of mining investment by advancing regulatory and legal frameworks which would allow 'companies to pool infrastructure and resources in the Andes Mountains. The Mining Integration and Complementation Treaty will be discussed by officials from both countries on Thursday. This 1997 agreement was revived in July following decades of slow progress. They are looking to move forward a new generation copper projects. Both the conservative Chilean president Jose Antonio Kast (who took office in March) and the libertarian Argentinean President Javier Milei are attempting to increase private investment. Chile's Mining minister...

After trade talks broke down over the weekend, President Donald 'Trump' sought to increase pressure on Canada. He warned that U.S. Tariffs on all?trucks? and automotive parts coming from Canada would increase to 50% on January 1. The deal would have reduced the top line tariff rate for Canadian cars and light duty trucks from 25% down to 15%, and the tariffs of aluminum and steel would have been cut from 50% down to 25%. However, the deal fell apart on Friday due to disagreements over whether or not the U.S. relief on tariffs would apply to medium and heavy-duty...

Leigh Curyer, the CEO of NexGen Energy, said that it was "talking" and sharing information with BHP about its Rook I project in Saskatchewan. NexGen Energy, a Canadian uranium mining company, has started construction on what will be the largest uranium mine in the world. The company is looking to raise $1 billion of capital over the next nine-month period. The miner will consider financing options such as prepayment agreements with utilities, debt finance, and direct equity in the project. Curyer, when asked if NexGen was in contact with BHP regarding a possible equity partnership in Athabasca Basin, said that...

Leigh Curyer, the CEO of Canadian uranium mining company NexGen Energy, said that they "talk regularly" with mining giant BHP about their Rook I mining project in Saskatchewan. NexGen has put the first shovel into the ground for the construction of one of the largest uranium mining projects in the world. The company will be looking to raise $1 billion of capital over the next nine-month period. The miner will consider financing options such as prepayment agreements with utilities, debt finance and equity investment in the project. Curyer, when asked if NexGen was in contact with BHP regarding a possible...

Dominic LeBlanc told a 'committee of advisors' on Friday that Canada and the U.S. were still "far" from a draft deal, despite their regular meetings. This was according to an informed source. LeBlanc, his chief negotiator, and a team are in Washington for talks as the deadline for President Donald Trump's 50% tariffs approaches on August 19. LeBlanc met with U.S. Trade Representative Jamieson Greer four times in the last three weeks. LeBlanc’s office announced that he would be staying in Washington over the weekend to continue trade negotiations. Tariffs on Canadian goods worth nearly $20 billion would be imposed,...

Barrick Mining announced on Tuesday that it has appointed Sebastiaan bock as the chief executive officer for its Rest of World division. He will be in charge of all gold and copper projects and operations outside North America. Barrick now has a global leader to lead its international business. The company is preparing to divide its North American assets from its overseas assets, in an effort to sharpen management focus and reduce the 'valuation drag' investors apply to miner with exposure to high-risk jurisdictions. Bock will oversee a portfolio that spans Africa, the Middle East and Latin America, as well...

Two sources with knowledge of the matter have confirmed that Coal India is considering the acquisition of a unit?of Canada's Wealth Minerals, which has lithium mining assets?in Chile. This move will be one of India's biggest efforts to secure lithium resources overseas, which is a vital mineral used in the production of electric vehicle batteries and storage systems. India has only had limited success in acquiring vital mineral assets overseas. It has only secured one lithium exploration and mining agreement overseas, which covers five blocks in Argentina by 2024. One source said that as a first step Coal India, and...

Barrick Mining's second-quarter profits were below estimates on Monday, as higher costs in its?gold?operations countered rising bullion price. The company also struck a $1.95billion deal with Newmont for the settlement of disputes regarding Nevada Gold Mines. Newmont has consented to Barrick’s planned initial public offer of its North American assets of gold, the companies announced in a press release. This opens the way for Barrick to complete an IPO by the end 2026. Barrick is searching for a new chief executive officer to lead its non-North American operations. Mark Hill, the CEO of Barrick North America, has stated that he...

The U.S. Patriot system, first used in 1991 in the Gulf War, has seen a sharp increase in demand this year. Supplies of interceptors have been depleted due to the war in the Middle East and Ukraine's fight against the Russian invasion. Ukraine urgently seeks more Patriot interceptors to defend itself against the nightly barrages of Russian ballistic rocket strikes. The Iran War has depleted the arsenals of the U.S., the Gulf and some European countries. Here are some details on the Patriot air defense system, which is one of the most sophisticated weapons in the U.S. arsenal. What is...