Asian markets open: Nikkei slides, Sensex down 0.15% after Wall Street tech wreck
A brutal rotation out of big tech sent a shockwave from Wall Street across the Pacific, setting Asian markets up for a sluggish and anxious start to the day. The…
Analysis: Oil prices unlikely to plummet as backwardation to continue
Brent crude prices remained largely unchanged over the past fortnight, hovering between $65 and $66 per barrel, as anticipation of Russian oil re-entering global markets due to ongoing Russia-Ukraine peace…
Despite drone strike, Druzhba pipeline restores oil deliveries to Slovakia, Hungary
Oil shipments to Hungary and Slovakia via the Druzhba pipeline have resumed, officials from both nations confirmed late on Tuesday. The disruption in supply was attributed to a Ukrainian drone strike…
US FDA greenlights first glucose monitoring system for weight loss
In a significant development for weight management, the Food and Drug Administration (FDA) announced Wednesday its approval of the first-ever glucose monitoring system designed specifically for weight loss, developed by…
Pop Mart hits record high on Labubu-driven earnings; analysts see upside, risks loom
Shares of popular Labubu doll maker Pop Mart touched record highs on Wednesday following strong earnings results which saw the company reporting a 400% jump in net profit in the…
Europe markets open: Stoxx 600 falls 0.3% on UK inflation shock and Fed fears
The fragile optimism that had buoyed European markets has been shattered, as a nasty inflation surprise from the UK and a wave of caution from Wall Street converged to send…
Is it safe to buy the IWG share price dip?
The IWG share price has collapsed this week, making it one of the top laggards in the FTSE 250 Index. It plunged from a high of 233p on August 15…
Tesco share price to benefit as UK inflation steadies
Tesco share price continued to hover close to its all-time high making it one of the best-performing companies in the FTSE 100. It has jumped by 40% from its lowest…
Why South Korea’s petrochemical industry faces major restructuring
On Wednesday, government officials announced that ten South Korean petrochemical companies have reached an agreement to restructure their operations. This will involve significant reductions in their naphtha-cracking capacity, according to a…
Public companies hold over $110 billion in Bitcoin as crypto treasuries surge
A fast-growing wave of corporate crypto adoption is transforming balance sheets across the US and beyond. In just one year, the number of publicly listed firms holding digital assets has…