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Business news
UBS raises global oil refining margins outlook amid delays and closures
July 10, 2025 09:00 PM AEST| By InvezzUBS announced a revised outlook on the global oil refining industry, anticipating a significant tightening of supply balances in the coming years. This adjustment is primarily attributed to two critical factors: widespread project delays in new...
Russia’s wheat landscape transforms as Stavropol harvest seen exceeding Rostov
July 10, 2025 08:55 PM AEST| By InvezzRostov, one of Russia’s primary wheat-producing regions, is experiencing its second consecutive year of drought. In contrast, Stavropol, another key wheat-growing area, anticipates a record harvest due to favorable weather conditions. For...
Freeport-McMoRan shares rise on Trump’s 50% copper tariffs: why is it a ‘top pick’
July 10, 2025 08:33 PM AEST| By InvezzShares of US-based copper giant Freeport-McMoRan climbed 3.75% to $47.30 in premarket trading on Wednesday, as investors reacted to a new 50% tariff on imported copper announced by former President Donald Trump. The tariff, set to take effect from Au...
OPEC+ output hikes not causing inventory builds, signaling firm demand
July 10, 2025 01:26 AM AEST| By InvezzMinisters and executives from OPEC nations, along with bosses of Western oil majors, stated on Wednesday that increased output from the oil producer group OPEC+ is not resulting in higher inventories, according to a Reuters report. This indicat...
US copper tariffs unlikely to boost domestic production, says ING
July 10, 2025 12:31 AM AEST| By InvezzCopper production in the US is unlikely to get a significant boost from the recently announced US tariffs, according to the ING Group. On Tuesday, US copper futures reached an unprecedented high, surging by a record 17% in a single day. This ca...
Analysis: OPEC+ production hikes could drive oil towards $60/barrel
July 09, 2025 11:32 PM AEST| By InvezzOil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts. Supply in the oil market has been on the upside since the Organization of the Petroleum Exporting Countries and allies started to...
Vedanta shares slide upto 8% after US-based short seller labels Group a ‘Ponzi Scheme’
July 09, 2025 06:40 PM AEST| By InvezzShares of Vedanta Ltd plunged as much as 8% intraday on July 9, before paring some losses, after US-based short seller Viceroy Research issued a scathing report on its parent Vedanta Resources. The note called the group “financially unsustainab...
European heatwave kills 2,300 as climate change drives extreme temperatures
July 09, 2025 04:05 PM AEST| By InvezzAround 2,300 individuals succumbed to heat-related illnesses across 12 European cities during the intense heatwave that concluded last week, according to a study conducted by scientists at Imperial College London and the London School of Hygiene and...
Russian wheat exports poised to rise on bumper harvest, price edge
July 09, 2025 03:12 PM AEST| By InvezzSovEcon, a prominent agricultural consultancy, has significantly increased its projection for Russian wheat exports for the 2025-26 marketing season. The revised forecast now stands at an impressive 42.9 million metric tons (mmt), representing...
Copper prices surges to all-time high after Trump’s 50% import tariff
July 09, 2025 04:34 AM AEST| By InvezzCopper prices in the US have shot up more than 10%, breaking past $12,330 per metric ton, an all-time high following President Donald Trump’s announcement of a steep 50% tariff on copper imports. The announcement came during a White House cabin...
BP, Shell return to Libya for hydrocarbon exploration at three locations
July 08, 2025 08:06 PM AEST| By InvezzLibya’s National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields. Since Mua...
BYD to begin EV assembly in Brazil as tariffs rise and labor scrutiny mounts
July 08, 2025 12:46 AM AEST| By InvezzChinese EV giant BYD Co. Ltd. is expected to begin local EV assembly this month with a new plant in Brazil, following a strategic shift due to increasing import duties. In Bahia state and on the site of a decommissioned Ford factory, the new facility...
US set for major moves in next 48 hours as Donald Trump hints at bigger deals
July 08, 2025 12:27 AM AEST| By InvezzWith a key self-imposed trade deadline just around the corner, Treasury Secretary Scott Bessent says the US is gearing up to roll out several major trade updates in the next 48 hours. Global markets and trading partners are watching closely, as the T...
Wells Fargo drops as Raymond James downgrades stock citing limited upside
July 07, 2025 11:40 PM AEST| By InvezzWells Fargo shares took a hit on Monday morning during pre-market trading after Raymond James downgraded the stock from “Outperform” to “Market Perform,” citing limited upside following a sharp rally in recent weeks. Wells Fargo shares dipped 0.9% in...
Rocket Lab surges on Musk-Trump feud: all you should know about investing in RKLB
July 07, 2025 10:57 PM AEST| By InvezzThe feud between Elon Musk and President Donald Trump has entered a new phase—and investors are already weighing the ripple effects across industries. Tesla shares fell sharply Monday after Musk announced the launch of a new political party, while sp...
Donald Trump threatens 10% additional tariffs for pro-BRICS nations; China pushes back
July 07, 2025 10:24 PM AEST| By InvezzUS President Donald Trump’s tariff threats see no end and BRICS grouping is his latest target. Ahead of his July 9 tariff deadline, as investors remain on the edge closely tracking his every move, President Trump issued fresh warnings on Sunday...
Dogecoin jumps 8% as Musk launches pro-crypto political party, calls fiat ‘hopeless’
July 07, 2025 06:48 PM AEST| By InvezzThe digital assets industry displayed bullishness on Monday as the global crypto market cap surged 1.80% in the past day to $3.37 trillion. While altcoins targeted breakouts, Dogecoin has taken the lead, fueled by political developments. The original...
Retail investors defy headwinds to trade record $6.6 trillion in stocks in first half of 2025
July 07, 2025 06:46 PM AEST| By InvezzDespite a bruising first half marked by geopolitical tensions and tariff shocks, retail investors continued to pour money into US stocks at a historic pace, underscoring their growing clout in financial markets. Individual investors traded a staggeri...
Trump vs Musk: how a White House bromance exploded into a vicious feud
July 07, 2025 06:25 PM AEST| By InvezzA once-close alliance between President Donald Trump and tech billionaire Elon Musk has spectacularly imploded, with Trump lashing out at Musk for forming a new political party. The President called the move “ridiculous” and asserted that...
Elon Musk forms ‘America Party’: does the US have room for a third party?
July 07, 2025 05:32 PM AEST| By InvezzTesla CEO Elon Musk has launched a new political party in the United States, declaring the formation of the “America Party” on Saturday. The move follows Musk’s fallout with President Donald Trump over a sweeping tax and spending bill that Musk criti...
