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Business news
Brent crude oil price forecast after the OPEC+ supply cut
June 01, 2025 01:47 AM AEST| By InvezzBrent crude oil price crashed on Friday amid rising trade tensions, and the downtrend may continue after the latest OPEC+ meeting. It dropped to $62.60 on Friday, down by 25% from its highest level this year. OPEC+ crude oil production increase The m...
President Trump to host farewell for Elon Musk as DOGE leader steps away
May 31, 2025 03:13 AM AEST| By InvezzPresident Donald Trump will hold a press event Friday to mark the departure of Elon Musk, who is stepping down from his role at the Department of Government Efficiency (DOGE) after a four-month stint marked by internal turmoil and policy clashes. Mus...
Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs
May 31, 2025 01:55 AM AEST| By InvezzThe Canadian economy increased at an annualised pace of 2.2% in the first quarter of 2025, according to Statistics Canada data released Friday. The amount greatly exceeded the 1.5% consensus estimate forecast by experts and matched the revised rate o...
Oil prices headed for second weekly drop as OPEC may hike July output
May 31, 2025 01:22 AM AEST| By InvezzOil prices were set for a second straight weekly decline on Friday. Investors are considering a possible larger OPEC+ production increase in July, while evolving US tariff policies add uncertainty following recent legal developments. At the tim...
Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson
May 31, 2025 01:14 AM AEST| By InvezzCanada-based Brazil Potash is set to significantly impact the Brazilian fertiliser market with its plan to ramp up production, aiming to shield the country from geopolitical risks and fluctuating international prices. The company’s Autaze...
Demand slump in Asia redirects fuel flow to Americas West Coast, says Vortexa
May 31, 2025 12:12 AM AEST| By InvezzReduced transportation fuel imports in Asia Pacific and increased demand for clean product imports on the Americas West Coast have facilitated arbitrage opportunities between these two regions, Vortexa said. Oceania and Asia (excluding Singapore and...
India’s Q4 GDP growth hits 7.4%, but FY25 slows to 4-year low of 6.5%
May 30, 2025 10:30 PM AEST| By InvezzIndia’s economic growth for the fiscal year 2024-25 decelerated to 6.5%, the slowest pace in four years, as weak private investment and rising global uncertainty weighed on overall momentum, despite a strong finish to the year with GDP growing 7.4% i...
M&G stock soars as Dai-ichi Life buys 15% stake in strategic partnership
May 30, 2025 08:50 PM AEST| By InvezzShares in M&G surged more than 6% Friday, reaching their highest level in over a year, after the British financial group announced a long-term partnership with Japanese insurer Dai-ichi Life. As part of the deal, Dai-ichi Life will acquire a 15%...
What awaits Musk at Tesla, SpaceX, and xAI as he steps back from DOGE to re-focus on business
May 30, 2025 06:21 PM AEST| By InvezzElon Musk is diving back into his companies, declaring a renewed, round-the-clock focus on Tesla, SpaceX and his AI venture xAI, just as each prepares for high-stakes moves that could shape their futures. On Wednesday evening, Musk announced he was s...
Tokyo core inflation reaches 3.6% in May, highest since Jan 2023; factory output falls
May 30, 2025 04:39 PM AEST| By InvezzCore inflation in Japan’s capital surged to a more than two-year high in May, primarily driven by persistent increases in food costs, according to data released on Friday. This development intensifies the pressure on the Bank of Japan (BOJ) to...
Trump’s influence sparks questions about security of Germany’s gold in New York
May 30, 2025 04:23 PM AEST| By InvezzThe security of Germany’s gold reserves stored abroad, especially in New York, has transitioned from a fringe topic discussed primarily by the far-right and gold enthusiasts to a subject of broader public discussion following Donald Trump’...
Trump may take tariff block ruling to Supreme Court as soon as Friday
May 30, 2025 02:44 AM AEST| By InvezzThe Trump administration signaled Thursday that it may ask the US Supreme Court as early as Friday to temporarily reinstate tariffs that were blocked by a federal trade court ruling this week, as per a CNBC report. In a court filing, the administrati...
SovEcon raises Russia’s wheat exports outlook, initial campaign may be sluggish
May 30, 2025 01:52 AM AEST| By InvezzMoscow-based agricultural consultancy SovEcon has revised its outlook for Russian wheat exports in the 2025-26 marketing year, increasing its forecast by a substantial 1.1 million metric tons. The updated projection now stands at a robust 40.8...
Brazil achieves foot-and-mouth disease freedom without vaccination
May 30, 2025 01:38 AM AEST| By InvezzIn a significant development for its agricultural sector, particularly its robust beef export industry, Brazil has been officially recognized by the World Organization for Animal Health (WOAH) as a country free of foot-and-mouth disease (FMD) without...
US corporate profits decline in Q1 amid economic uncertainty
May 30, 2025 01:26 AM AEST| By InvezzIn the first quarter of 2025, U.S. corporate profits experienced a decrease of $118.1 billion, following a substantial gain of $204.7 billion in the previous quarter, said the Commerce Department’s Bureau of Economic Analysis (BEA). Simul...
Trump may bypass US courts to continue tariff agenda, says ING
May 30, 2025 12:53 AM AEST| By InvezzA US court determined that US President Donald Trump overstepped his authority by using the 1977 International Emergency Economic Powers Act (IEEPA) to enact tariffs. This ruling directly impacts the 10-30% tariffs levied on goods from China, Canada,...
UK’s LCM plans to invest $124M in French rare earth processing facility
May 29, 2025 11:40 PM AEST| By InvezzBritain’s Less Common Metals (LCM) intends to establish a new plant in France, Reuters reported on Thursday. This initiative involves a collaboration with a French recycling company, according to LCM’s majority owner and chairman. This mo...
Why Nvidia is facing scrutiny despite strong earnings as stock jumps 5%
May 29, 2025 10:53 PM AEST| By InvezzNvidia shares surged in premarket trading Thursday after the chipmaker posted robust quarterly results that exceeded Wall Street expectations. However, the celebration was tempered by renewed criticism from US lawmakers concerned over Nvidia’s planne...
Hailey Bieber’s $1B Rhode deal: decoding the dazzle of celebrity-led beauty brands
May 29, 2025 09:48 PM AEST| By InvezzHailey Bieber’s beauty brand Rhode has been acquired by Elf Beauty for $1 billion, pending regulatory approvals, in one of the biggest celebrity beauty transactions to date. The deal, announced on Wednesday, marks a defining moment for celebrity-led...
The Big Picture’s June Conversations Go Deep On Homeownership Access, Growth And Market Risk
May 29, 2025 09:00 PM AEST| By Send2PressCLEVELAND, Ohio, May 29, 2025 (SEND2PRESS NEWSWIRE) -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, has unveiled its June guest lineup featuring four stan...
