Business news

Asia’s energy security under threat as Middle East tensions drive up LNG prices

Recent hostilities in the Middle East with Iran and Israel trading strikes, and the US joining the latter in carrying out strikes on Iranian nuclear sites have raised as much concern about supply disruptions of liquefied natural gas as oil.  Fac...

CBA stock hits record, tops $200B after ceasefire, but overvaluation risks remain

Shares of Commonwealth Bank of Australia (CBA) surged to a record high on Tuesday, buoyed by news of a ceasefire between Iran and Israel announced by US President Donald Trump. The announcement sparked renewed optimism in financial markets, with inve...

Is the Iran-Israel ceasefire real or Trump’s dream? What happened and what’s next

The war between Israel and Iran lasted just under two weeks. Then, without warning, US President Donald Trump got on social media and said it was over. He called it a “Complete and Total Ceasefire.”  The missiles stopped flying, for...

JPMorgan projects another 15-20% surge in Asian tech stocks driven by AI momentum

Asian technology stocks are primed to rally by another 15% to 20% this year, driven by surging investor optimism in artificial intelligence, according to analysts at JPMorgan Chase & Co. The firm cited rising capital expenditure in data centers a...

Starbucks denies plans to fully exit China operations amid rising local competition

Starbucks, the US cafe chain, has denied a report by Chinese financial magazine Caixin suggesting it was considering a full sale of its China operations, according to a Reuters report.  Starbucks stated it is not currently contemplating such a s...

Why gold shines as a portfolio diversifier?

Middle East geopolitical uncertainty has significantly escalated. This follows a US missile attack on Iranian nuclear facilities, which Iran retaliated against with a missile attack on an American airbase in Qatar late on Monday. Meanwhile, gold pric...

Interview: Venezuela’s oil outlook amid Hormuz tensions: economist Aldo Contreras weighs in

Following US raids on Iranian nuclear sites, concerns about the Strait of Hormuz’s closure have grown. Over 20% of the world’s oil passes through this important chokepoint; thus, any disruption might have global consequences. In an interv...

From green energy to AI: UK’s ambitious 10-year industrial plan

Starting in 2027, Britain plans to reduce electricity costs for thousands of businesses. This is a central component of its industrial strategy for the upcoming decade, unveiled on Monday. The UK Government’s foremost objective is to achieve ro...

Shipping disruption in Gulf: tankers reduce transit time amid regional tensions

Following US military strikes on Iran, at least two supertankers executed U-turns at the Strait of Hormuz.  Shiptracking data reveals that over a week of regional violence has led vessels to speed up, pause, or change their routes, according to...

Why closing the Strait of Hormuz is a double-edged sword for Iran?

The Strait of Hormuz, through which around a fifth of the global oil supply is transported every day, remains at the centre of attention on Monday.  Oil and LNG markets face significantly increased supply risks following the weekend bombing of I...

A war markets weren’t ready for: what US strikes on Iran mean for the global economy

It’s official. The United States has bombed Iran’s nuclear enrichment sites, opening a volatile new chapter in a conflict that markets were hoping would stay regional.  After months of escalating proxy warfare between Israel and Iran, Donald Tru...

Gold price forecast by Goldman Sachs, Citi, Morgan Stanley, UBS

Gold price moved sideways and remained at a crucial support level even as geopolitical risks rose. XAU was trading at $3,363 today, June 23, a few points lower than the year-to-date high of $3,440. It has jumped by almost 30% this year and formed a r...

Platinum prices retreat from decade-high levels

Platinum prices retreat from decade-high levels amid geopolitical tensions and Fed policy. Get the latest commodities news and analysis on gold, silver, oil.

Brent crude oil price forecast as Trump bombs Iran

Brent crude oil price is set to jump sharply when the market opens later today after Donald Trump launched a bombing campaign in Iran. It ended the week at $77, up by 31% above the lowest point in May.  Similarly, the West Texas Intermediate (WT...

Atlantic Basin gasoline market faces oversupply as demand weakens

Seaborne loadings of gasoline and blending components in the Atlantic Basin are experiencing rapid growth. The brief period in May, when strong gasoline margins supported a transatlantic pull, has ended, Vortexa said in its latest report. This shift...

Luvme Hair Unveils Independence Day Wigs Sale – Enjoy Up To $100 Off On Top Styles

NEW YORK, N.Y., June 20, 2025 (SEND2PRESS NEWSWIRE) -- Luvme Hair, a recognized leader in premium human hair natural wigs and hair extensions, is excited to announce its exclusive Independence Day Wig...

Long Gold: price rebounds within ascending channel, supporting bullish continuation toward $3,400

Japan’s rice price surge: what’s driving it and why it could spark a political crisis

Japan’s rice prices are facing their most severe shock in more than half a century, with costs more than doubling over the past year. The crisis is exposing structural flaws in the agricultural system and fueling voter unrest ahead of key elect...

Why geopolitical spikes barely budge oil prices?

Oil prices are under focus for a while now. Brent crude prices initially surged by $8 per barrel, following Israel’s strikes on Iran last week, but this increase quickly settled around $5 per barrel. There are risks of Israel further targeting...

China’s rare earth magnet exports tumble amid new restrictions and classification chaos

Citing export curbs, China’s overseas shipments of rare earth magnets plummeted in May, falling to their lowest levels in over five years and halving from April’s figures. Beijing said this month that it would speed up its approval proces...