United States

A spokesperson for the U.S. Secret Service said that they were aware of a video broadcast by Iranian state TV discussing a possible plot to assassinate U.S. President Donald Trump's son. The U.S. Secret Service has been made aware of this video, and it investigates any information that could be interpreted as a threat to our protected individuals. We do not discuss 'protective intelligence' due to concerns about operational security. Secret Service spokesperson Nate Herring explained this in an email. A?three minute video broadcast by Iranian State?TV discussed a possible?plot for assassinating Barron Trump, 20. The video claimed that he...

The renewed trade spat between U.S. president Donald Trump and Canadian prime minister Mark Carney occurs at a "delicate time" for both North American nations - and global economy. Mistakes made by the G7 neighbors could have a wide range of economic implications. After bilateral talks broke down on Friday, the?Trump Administration imposed 50% tariffs Saturday on a range of Canadian goods. These tariffs may seem modest at first glance, as they only apply to 5.5% of Canada’s exports to America - goods worth around $20 billion. Oxford Economics says that, if all else is equal, the U.S. tariff rate...

In a filing with the Securities and Exchange Commission, Braskem said that its 'board of directors has approved filing for an out-of-court restructuring in order to negotiate $10.9 billion of unsecured debt. Braskem is Latin America's biggest petrochemical company. It has been struggling with a prolonged slump in the industry and a disaster at its salt mines?in northeastern Brazil. Both of these have severely weakened Braskem's cash position. Three sources, who spoke on condition of anonymity, said that the out-of court?restructuring proposal may include a subsequent share offering. This could pave the way for an external capital increase. Sources said...

According to three pakistani sources, U.S. president Donald Trump met with Pakistani army chief Asim Munir in the last week, a few days before Munir was scheduled to visit 'Tehran' on Monday. One of these sources said that the U.S. wanted to use Pakistan to influence Iran to return to negotiations. Trump warned last week that any country providing "any kind of lifeline" to Iran would face economic consequences as he sought to isolate the Islamic Republic. Iran, in turn, has promised to stop all oil exports out of the Gulf. According to two Pakistani source, Trump initiated the call...

The Financial Times reported that Shell has attracted interest from bidders such as ExxonMobil, LyondellBasell and others for its U.S. chemical assets, which could fetch up to $8 billion. The report cited people who were familiar with the matter as saying that the private equity firm Apollo Global Management, and the chemicals division of the state-owned Kuwait Petroleum Corporation, had also expressed an interest in the?assets. Shell is looking to sell off underperforming chemical?plants. Shell, ExxonMobil and Kuwait Petroleum have not responded to requests for comment outside of regular business hours. Shell, ExxonMobil, LyondellBasell Apollo and Kuwait Petroleum did not...

Prices of oil fell by more than $1 per barrel on Monday, as investors took a profit ahead of an announcement that Washington is expected to make about additional sanctions against Iran. This could further disrupt Middle East supplies. Brent crude futures dropped $1.22 or 1.29% to $93.17 at 0035 GMT. U.S. West Texas Intermediate was $85.86 per barrel, down by $1.20 or 1.38%. The two contracts both posted their second weekly gains, up over 5% last week as the peace talks between Iran and the U.S. hit a deadlock, limiting oil shipments across the Strait of Hormuz, where a...

The United States, Iran and China exchanged defiant e-mails ahead of the scheduled announcement on Monday of new U.S. sanctions that may?impact Iran and its most important trading partners such as China. The war was approaching six months and the two sides were not only not exchanging shots but they also weren't pursuing any peace talks. Oil shipments have been virtually stopped through the Strait of Hormuz as Tehran holds on to its leverage, threatening to hit any unauthorised oil tankers who attempt to cross the narrow waterway. Scott Bessent, U.S. Treasury secretary, will hold a news conference on Monday...

Iran and the United States exchanged defiant messages before Monday's announcement of new U.S. sanctions that could affect Iran and its most important trading partners, including China. The war was approaching its'six-month mark when the sides stopped exchanging fire and also halted peace talks. Oil shipments have been virtually stopped through the Strait of Hormuz as Tehran holds on to its leverage, threatening to hit any unauthorised oil tankers who attempt to cross the narrow waterway. Scott Bessent, U.S. Treasury secretary, will hold a news conference on Monday at 2 pm EDT (1800 GMT), promising to unveil "the most severe...

Powerus, a U.S. drone manufacturer and radar maker, announced on Thursday that it had signed a contract for approximately $22.3 million to supply counter-drone technologies aimed at protecting oil infrastructure in the Middle East. According to the company, the system would track, detect and classify drone threats. It would then feed information to a central hub located at the customer site, giving 'operators an overall picture of aerial activity within the area. Powerus declined to disclose the name of the customer or the exact deployment sites. The contract demonstrates the growing demand for counter-drone defences in the Middle East where...

According to a?statement viewed by the, the United States issued new sanctions on Thursday against Lebanon's Hezbollah. This included re-designating them?over their actions in support of Iran. According to the statement, the Treasury Department renamed the group for "service to 'the?Iranian government under the command of Iran’s Islamic Revolutionary Guard Corps - Quds Force." According to an anonymous U.S. official who spoke under condition of anonymity about the redesignation, it was meant to demonstrate that Hezbollah acts on behalf of Iran's government, and specifically the Islamic Revolutionary Guard Corps Quds Force. Hezbollah has been designated as a Foreign Terrorist Organization...

According to a statement seen by, the United States is planning to issue fresh sanctions on Hezbollah in Lebanon, including reclassifying it under a terrorist authority. This'move' is intended to highlight its links with the Iranian government. The statement said that while Hezbollah was not designated under a new authority, it is now a Specially Defined Global Terrorist for its "service?to Iran's regime under the command?of Iran's Islamic Revolutionary Guard Corps-Qods Force." An official from the United States said, "the re-designation is intended to show Hezbollah acting on behalf the 'Iranian Government and update the public records to 'link the...

The UAE has suspended all financial relations with Iran Iran blamed for missile threat by major Gulf oil producers * Missile Launch?comes in the midst of standoff over deal ending U.S.-Iran Conflict DUBAI, August 19 - The decision by the United 'Arab Emirates to suspend all economic and financial transactions with Iran, citing a military escalation in Tehran, with a threat of missiles, has refocused attention on the fraught ties that exist between the'major gulf arab oil producer, Iran and the'major gulf Arab oil producers. The UAE was the Gulf State most severely hit by Iran during the early stages...

Gold prices eased Tuesday, after reaching a high of more than three months earlier in the session. Profit-taking and an 'a?firmer dollar? curbed gains before U.S. Inflation data and comments from Federal Reserve chairman Kevin Warsh. After reaching its highest level since the 14th of May, spot gold fell 0.4% to $4,634.76 an ounce at 0937 GMT. U.S. Gold futures fell 0.2% to $4689.70. Gold's movement today is due to profit-taking, as the dollar has recovered some of the losses from last week that were caused by the buyback announcement," Saxo Bank's Ole Hansen explained. He was referring to U.S....

The gold price fell?on Tuesday, after reaching its highest?levels? in more than three month earlier that day. Investors' attention shifted towards upcoming U.S. data on inflation and Kevin Warsh's speech this week. As of 0334 GMT, spot gold was down by 0.2%, at $4,640.39 an ounce. U.S. Gold Futures remained steady at $4,696.00. Tony Sycamore, IG's market analyst, said: "We expect gold dips to be supported by buyers who are looking for gold. We also expect gold to move up towards the next resistance level at $4,900/$5,000." The U.S. Treasury Department announced that it would double its liquidity support buyback...

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...

The price of copper rose on Monday as a rise in the number of cancelled warrants and metals marked for delivery at the London Metal Exchange stimulated buying. Meanwhile, the lower U.S. dollar boosted the positive sentiment towards industrial metals priced in dollars. Benchmark 'copper' on the LME was 0.2% higher, at $14240 per metric ton. Last week, prices of metals used in construction and power industries reached $14,396. This is the highest price since January's $14,527.50 high. Industry sources say that the cancellations 0#MCUSTXLOC> are mostly stored in LME warehouses in Asia and the U.S., in free-trade zones. They...

On Monday, gold prices reached their highest level in more than three month's time as a'subdued' dollar lent support. Meanwhile, attention shifted towards key U.S. data on inflation and Kevin Warsh speaking later this week. As of 0427 GMT spot gold was up 0.8% to $4,641.27 an ounce after reaching its highest level since 15 May earlier in the session. Prices rose by more than 5% in the last week. U.S. Gold Futures edged up 0.4% to $4,697.70. The dollar was teetering near multi-month lows as the market remained unsettled after the U.S. Treasury promised to?buy back more long bonds....

The U.S. Government finalized on Friday a plan that will cut water supplies in?California and Nevada to help manage the Colorado River, which is suffering from a severe drought. According to the plan, signed by Interior Secretary Doug Burgum, in 2027 and 2028, water will be reduced by around 21 percent in these three states. However, this reduction could double in subsequent years. Arizona and Nevada said that any plan to double cuts after 2028 will destroy their economies. Arizona has threatened the federal government with a lawsuit if they impose?these possible cuts as part the new 10-year-plan. Colorado, Utah...

Goldman Sachs said in a Friday note that the price of gold could surpass its $4,900 forecast for the year. This is due to a surge in demand for bullish options on gold. The bank said that a further increase in Western investor demand combined with strong central bank purchases could push bullion towards key strike levels where dealer hedging can mechanically accelerate the price movements. Goldman stated that "gold call?options demand has increased sharply amid renewed global macro-policy hedges, creating an automatic price amplifier on both the upside as well as?downside." Options have a double-edged effect. Dealers who sold...

Gold prices fell on Thursday, after rising more than 4% the previous session. A surprise U.S. Treasury "liquidity" move pushed down bond yields as well as the dollar. Meanwhile, rising oil prices and hawkish Fed signaling prompted profit taking. By 1140 GMT, spot gold had fallen 0.9% per ounce to $4479.12. Bullion was earlier at $4,525.79, after prices rose to a two-month high on Wednesday. U.S. Gold Futures slipped?0.2% to $4,535.70. Treasury Department announced on Wednesday that it will double its liquidity-support buyback operation for longer-dated bonds and notes, helping to ease the pressure in the bond markets. The U.S....

Gold prices fell on Thursday after a?4?% gain in the previous session. A surprise U.S. Treasury move to increase liquidity pushed bond yields down and the dollar, while higher oil prices and hawkish U.S. Fed signaling prompted profit taking. By 0946 GMT, spot gold had fallen 0.7% per ounce to $4487.93. Bullion prices were at $4,525.79 earlier, after they reached a two-month high on Wednesday. U.S. Gold Futures were little altered at $4,544.50. Treasury Department announced on Wednesday that it would double its liquidity-support purchase operations for longer-dated bonds and notes, helping to ease the pressure in the bond market....

Gold prices fell Thursday, as investors took profits after the price of gold climbed to its highest level in more than two months. This was due to a U.S. Treasury announcement that it would provide liquidity support for long-term bonds. The unexpected announcement weakened dollar values and reduced Treasury yields. By 0750 GMT, spot gold had fallen 0.7% per ounce to $4488.19. Bullion was earlier at $4,525.79 - its highest price since June 2 - after a more 4% increase on Wednesday. U.S. Gold futures were little changed at $4,462.30. Treasury Department announced it would double its liquidity support 'buyback...

Gold prices fell Thursday, as investors took profits after the price of gold climbed to an 'over two-month high on a surprise U.S. Treasury's announcement of liquidity support for long-duration bond, which weakened the dollar and sent Treasury rates lower. By 0604 GMT, spot gold was down by 0.7% to $4,487.63 an ounce. Bullion was earlier at $4,525.79. This is its highest price since June 2 after a more-than-4% gain on Wednesday. U.S. Gold Futures was?little different at $4,545.60. Treasury Department announced that it would double its liquidity support 'buyback operations' for bonds and notes with longer maturities. This came...

Indian?shares declined on Wednesday as high crude oil prices and rising global bond yields dampened appetite for risk assets globally. The Nifty 50 index has dropped for seven consecutive sessions, the longest losing streak since 11 months. Its drop of 2.1% is over this period. The BSE Sensex fell in six of seven sessions by 2.1%. The Nifty 50 fell 0.32% on the day to 24,078.30, and the Sensex dropped 0.42% at 76,909.68. Sudeep Shah, SBI Securities' head of technical research and derivatives, said that the Indian market has a weakened appetite for risk, with the Nifty index experiencing a...