JPMorgan estimates $165B in equity selling and bond buying from June rebalancing
Every quarter, the world’s largest institutional investors look at their portfolios, notice the ratios are off, and start moving enormous piles of […]
Shipping stalls in Strait of Hormuz after Iran declares key waterway shut.
Shipping in the Strait of Hormuz has plunged following Iran’s announcement that it has closed the waterway once again over Israel’s strikes […]
Equinor to Boost Troll Gas Output with $412 Million Subsea Development.
Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development […]
Oil sinks as US-Iran deal boosts outlook for reopening of Hormuz.
Oil sank after the US and Iran agreed to an interim deal to end their months-long war, potentially allowing the Strait of […]
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz.
Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of […]
Oil prices climb more than US$4 after Israeli strikes on Iran and Lebanon.
Oil prices jumped more than US$4 (RM16.28) on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed […]
Bank of Korea Reports Reserves at $426.99 Billion on June 4, Down from $427.88 Billion.
South Korea’s foreign exchange reserves decreased by $880 million in one month due to market stabilization measures, including a foreign exchange swap […]
Oil falls as Israel and Lebanon agree to conditional ceasefire.
Oil prices fell on Thursday (Jun 4) as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to […]
New Shareholder Elliott Pushes for Sale of Australia’s Top Gold Miner.
Hedge fund Elliott Investment Management, which has built up a stake in Australia’s biggest gold miner, Northern Star Resources Ltd, is calling for a […]
SoftBank set to become Japan’s most valuable company.
SoftBank Group is set to overtake Toyota Motor as Japan’s most valuable company on Monday (Jun 1), marking a milestone for the […]
BP Sells 5% Stake in Australia’s Newest $35 Billion LNG Project.
BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the […]
Gold holds gain as US-Iran ceasefire extension calm inflation fears.
GOLD held a gain after reports that the US and Iran had reached a tentative deal to extend a ceasefire and work […]