Latest news

United States
May 12, 2026

Pentagon: US war on Iran has cost US $29 billion to date

A senior Pentagon official stated on Tuesday that the United States war in Iran has cost $29 billion so far, which is an increase of $4 million...

New Zealand
May 12, 2026

New Zealand changes law to prevent private climate litigation

New Zealand's Government announced?on?Tuesday that it would amend climate legislation so that courts cannot hold companies responsible for harms caused by greenhouse gases in climate-related cases. Justice...

United States
May 12, 2026

US consumer prices continue to rise in April

Consumer prices in the United States?rose rapidly for a second consecutive month in April. This resulted in?the largest annual increase in inflation for nearly three years, and...

Australia
May 12, 2026

Oil prices continue to rise, and the Iranian ceasefire is 'on life-support'

The dollar rose on Tuesday as the hopes of a deal that would allow ships to pass through the Strait of Hormuz faded. Meanwhile, a hot rally...

South Asia
May 12, 2026

Dollar and oil rise as gold falls amid fading Middle East Peace Hopes

The dollar and oil prices rose on Tuesday as a result of the slim hope of a 'U.S.-Iran 'peace deal. This clouded the outlook for U.S. rate...

United States
May 12, 2026

Timothy Go, CEO of HF Sinclair, leaves the company after a leave of absence

U.S. refiner HF Sinclair announced on Tuesday that former 'CEO Timothy Go' departed the firm effective May 11, under a?? mutually agreed??? separation??? agreement after being on...

Ukraine
May 12, 2026

Zelenskiy's comments cast doubt on the claim that the Ukraine war was nearly over, as stated by Putin

The Kremlin reiterated Vladimir Putin's claim?that war in Ukraine is almost over? on Tuesday after the Ukrainian President Volodymyr Zelenskiy stated that?Moscow has no intention of?ending? it....

United States
May 12, 2026

FOREX Dollars are rising but not by much, as data is awaited.

The U.S. Dollar extended gains for the second consecutive?session? on Tuesday. This was largely due to the sustained uncertainty surrounding the Middle East conflict, which drove investors...

Iran
May 12, 2026

China's ethane imports from the US hit a record high as Iran war reduces rival feedstock supplies

According to traders, analysts, and shipping data, China increased U.S. Ethane imports in April, capitalising on the strong petrochemical margins, as other Middle East?feedstocks were disrupted by...

Iran
May 12, 2026

EGA continues to invest in aluminium despite the Iran War

Emirates Global Aluminium is sticking to its investment plans, despite the Iran War. This was revealed by the chief marketing officer of the company on Tuesday. EGA,...

South Asia
May 12, 2026

Indian shares drop the most in six weeks, $115 billion is wiped out and Mideast hopes fade

Indian stocks plunged on Tuesday. They lost about $115 billion in market value from firms listed on the National Stock Exchange. The outlook for Asia's third largest...

Switzerland
May 12, 2026

MORNING BID AMERICAS - Ceasefire on Life Support

What's important in U.S. and Global Markets Today By Mike Dolan Editor-at-Large of?Finance and Markets Stock markets find it difficult to ignore the renewed tensions between both...

United States
May 12, 2026

Mapping the market: If a warning is confirmed, energy shares could be on their way down

The U.S. Energy shares had a good year, largely due to rising oil prices as a result of the Iran 'war. But the gains came with a...

Switzerland
May 12, 2026

UN: Global sand supply is not keeping up with demand, threatening ecosystems

The United Nations said in a report released on Tuesday that the growing global sand demand, due to rapid urbanisation, construction and other factors, exceeds sustainable supply....

Iran
May 12, 2026

IRGC officer: Iran now considers Strait of Hormuz a much larger zone

According to a'senior officer' in the Islamic Revolutionary Guard Corps Navy, Iran has expanded the definition of the Strait of Hormuz far beyond what it was before...

Ukraine
May 12, 2026

Kremlin claims that the Russian government has maintained economic stability, despite a downgrade in growth forecast

The Kremlin announced on Tuesday that the Russian government has taken all necessary steps to ensure economic stability, despite Moscow being forced to reduce its forecasted growth...

United States
May 12, 2026

Dollar, oil and gold rise as Middle East peace hopes fade

The dollar and oil prices rose on Tuesday, as the slim hope of a U.S.-Iran deal pushed gold down from its 'three-week-high'. This clouded U.S. rate expectations...

South Asia
May 12, 2026

Sources: India and Russia are in advanced discussions on a critical minerals pact

Two sources with knowledge of the situation said that India and Russia have advanced 'talks' to sign a preliminary agreement on critical minerals, which would cover?exploration?,?processing?, and?technological...

Australia
May 12, 2026

Australian miner Fortescue will pay $108 Million for damages to Indigenous groups' land

A court in Australia on Tuesday ordered Fortescue, a miner, to pay A$150,000,000 ($108,000,000) as compensation to an Indigenous group for the cultural damage caused by mining...

India
May 12, 2026

Sources say that Indian banks have resumed bullion imports following a month-long suspension over the 3% levy

Indian banks resumed imports of gold and silver after a hiatus that lasted more than a week by agreeing to pay the 3% customs tax which had...

United States
May 12, 2026

Orioles extend Yankees' losing streak after late-game heroics

After winning the first game of the three-game series against the New York Yankees, the Baltimore Orioles are looking to get more from the remaining two games....

United States
May 12, 2026

FOREX Dollars rises, but not far from the pre-war levels.

The U.S. Dollar extended gains for the second consecutive session?on Tuesday. This was largely due to the sustained uncertainty surrounding the Middle East conflict, which drove investors...

South Asia
May 12, 2026

Gold prices drop on the fading Middle East Peace Hopes; traders focus on US inflation data

Gold prices dropped from a three week high on Tuesday as hopes of a 'peace deal' between the United States, and Iran, dimmed. This lifted the dollar,...

Japan
May 12, 2026

Calbee's chips colour removed due to Iran war

Japan's leading snack maker has come up with a 'creative solution' to reduce oil consumption: they will change their brightly colored packaging to black and white. Calbee,...

China
May 12, 2026

AI rally fails as Middle East ceasefire is put on 'life-support'

The dollar and oil rose on Tuesday as hopes for a deal to get ships through the Strait of Hormuz faded. Meanwhile, traders were waiting on U.S....

Saudi Arabia
May 12, 2026

As supply concerns increase, oil prices rise as the fading hope of a quick end to the Iran war reignites supply fears

The price of oil rose by?2% Tuesday, as the hopes of a deal to?end the U.S. and Israeli war against Iran faded. Meanwhile, the stark differences between...

Finland
May 12, 2026

Outokumpu Steel's profit missed market expectations as Europe drags

Outokumpu, Finland's stainless steel company, reported on Tuesday a core profit for the first quarter that was?below expectations, due to?weak profitability in its European operations, but it...

United States
May 12, 2026

As markets evaluate tensions in the Middle East ahead of US inflation figures, gold prices fall

Gold prices fell on Tuesday as the markets weighed developments in the Middle East conflict and interest rate expectations before key U.S. Inflation data. Gold spot fell...

United States
May 12, 2026

The FOREX dollar rises as hopes for a Middle East peace agreement fade

The U.S. Dollar strengthened on Tuesday, as there were no signs that the war in the Middle East would be ended. This pushed oil prices up and...

United States
May 12, 2026

Mike Dolan: Red lines of ROI-Warsh concern world finance

Kevin Warsh, the new Federal Reserve chairman, is on his way to the Federal Reserve to "clip the wings" of a bank that he believes has strayed...

Hong Kong
May 12, 2026

AI rally pauses while Middle East ceasefire is on 'life-support'

The dollar and oil rose as expectations faded of a deal that would allow ships to pass through the Strait of Hormuz. Meanwhile, a raging rally in?chip...

South Asia
May 12, 2026

Thyssenkrupp reduces sales forecast after steel and auto weakness affects results

Thyssenkrupp, the German conglomerate, cut its'sales forecast for 2026 on?Tuesday. It cited lower demand in its steel and automobile divisions as a sign that economic activity was...

South Asia
May 12, 2026

Indian shares continue to fall and the rupee is at a record low, as optimism about a Mideast deal fades

The rupee and Indian shares both fell to a new record low Tuesday as crude oil prices rose. This was due to fragile negotiations over the end...

Iran
May 12, 2026

Sources say that China's independent refining companies cut production in May due to mounting losses

Sources from the trade and refining industry said that some independent'refiners' in China’s eastern province Shandong have cut fuel production due to dwindling margins. The Iran -war...

France
May 12, 2026

MORNING BID EUROPE-Peace talks stutter

Ankur Banerjee gives us a look at what the future holds for European and global markets The markets are stuck in a cycle of hope and disappointment...

South Asia
May 12, 2026

Gold prices steady as markets assess Mideast tensions in advance of US inflation data

The gold price remained largely unchanged on Tuesday as markets assessed the latest developments in 'the Middle East conflict' and interest rate expectations before key U.S. Inflation...

Saudi Arabia
May 12, 2026

Prices of oil rise amid supply concerns as fragile US-Iran negotiations continue

Prices of oil rose by nearly 1% on Tuesday as the talks to end U.S. - Israel's?war on Iran? appeared fragile. Tehran's response?to a Washington proposal highlighted...

Indonesia
May 12, 2026

Scientists say global fire outbreaks are at a record high, as 'unprecedented heat extremes' loom.

Scientists warned that climate change is causing unprecedented fire outbreaks in Africa, Asia, and other parts of the world this year. Conditions are expected to worsen as...

South Asia
May 12, 2026

Indian shares drop, rupee falls to record lows as Mideast peace hopes fade

The rupee hit a new record low on Tuesday as crude prices rose. Talks to end the Iran War appeared to be fragile. This fueled concerns about...

Japan
May 12, 2026

Calbee switches to monochrome packaging after being hit by the ink shortage caused by Iran.

Japan's leading snack maker has come up with a "creative" solution to conserve oil-derived materials. It will "switch from brightly colored packaging to black and White". Calbee...

India
May 12, 2026

Markets assess tensions in the Middle East ahead of US inflation data

The gold price remained stable on Tuesday as the markets weighed developments in the Middle East conflict, interest rate expectations and key U.S. Inflation data. By 0246...

Singapore
May 11, 2026

AI rally pauses while Middle East ceasefire is on 'life-support'

The dollar and oil rose on Tuesday, as traders waited for U.S. inflation data and a 'chip rally' that had been raging in the chip stock market...

Brazil
May 11, 2026

Petrobras Q1 profits slip as oil price rise yet to be felt

In a filing on Monday, Brazil's state-run Petrobras said that it had missed market expectations in its?first quarter net profit. The?impact? of higher oil prices due to...

Saudi Arabia
May 11, 2026

Prices of oil rise amid supply concerns as fragile US-Iran negotiations continue

The oil prices increased in the early Asian trading on Tuesday as negotiations to end the "war" between the United States of America and Iran appeared 'fragile.'...

United States
May 11, 2026

The US Supreme Court has cleared the way for Alabama Republicans and their new voting map

The Supreme Court of the United States cleared the way for Alabama Republicans on Monday to pursue a congressional vote map that is more favorable to their...

Australia
May 11, 2026

New Zealand changes law to prevent private climate litigation

New Zealand's Government announced on Tuesday that it would amend climate legislation to prevent courts from holding companies responsible for climate change-related harm caused by greenhouse gas...

Fossil Fuels
May 11, 2026

Vice PM: Russia lowers its 2026 economic growth projection to 0.4%, down from 1.3%

* The GDP growth forecast for 2020 has been reduced to 0.4%. Growth will reach 2.4% by 2029 * Oil price for budget calculations kept ?at $59...

United States
May 11, 2026

Oil rallies after US-Iran deadlock; stocks rise ahead of US China meeting

The dollar grew on Monday as investors awaited a possible meeting between U.S. president Donald Trump and Chinese president Xi Jinping. Oil prices rose after Trump described...

Canada
May 11, 2026

TSX closes at a three-week high as commodity stocks gain.

Canada's main index of stocks closed in the black on Monday and reached its highest level in nearly three weeks, supported by gains in oil and metal...

Brazil
May 11, 2026

Trump signs orders to increase beef imports and grow herds in order to reduce record prices

Donald Trump, the president of the United States, is expected to sign an executive order on Monday to increase beef imports to the U.S. White House officials...