Business news

Iran pulls out of US talks after Israel attack: can it dent Iran’s nuclear efforts?

Iran will not be participating in the nuclear negotiations with the United States scheduled on Sunday, the country announced on state television on Friday in the wake of Israel’s airstrikes on Iran’s nuclear program and ballistic missile...

Israel’s attack on Iran deepens old conflict: what does this mean for the Middle East?

The long-simmering, complex conflict between Israel and Iran, a defining feature of the Middle East for decades, has violently erupted into a new and perilous phase. Previously characterized by indirect attacks and proxy engagements, the hostilities...

US battery storage poised for sustained growth amid cost reductions

Following significant growth in 2024, the US battery energy storage (BESS) market is experiencing a nationwide boom this year. Declining battery manufacturing costs are a key factor in the rapid expansion observed. Rystad Energy forecasts this downwa...

Analysis: How rising Middle East tensions are shaking global oil supply and prices

The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again. At one point on Friday, Brent crude oil prices had jumped more than $8 per barrel to hit its highest level since late January. Israe...

Brent crude oil price forecast after the Israel attack on Iran

Brent crude oil price went parabolic on Friday, moving to a high of $76.50, its highest point since January and 35% above the lowest point this year. Similarly, the West Texas Intermediate (WTI) price soared to $77.53, up by over 40% from the year-to...

Why retail executives see a tariff retreat in Trump’s playbook

Retail executives are increasingly anticipating a pullback on reciprocal tariffs under a potential Trump administration, a sentiment rooted in a pattern of past actions rather than explicit policy declarations. This expectation is heavily influenced...

Brazil’s Haddad defends fiscal plan amid congressional pushback

On Thursday, Brazil’s Finance Minister Fernando Haddad attempted to clarify that the government’s new fiscal package does not include massive tax increases, despite growing political opposition in Congress. In comments to reporters a day...

IMF backs Argentina’s new economic moves ahead of key loan review in June

The International Monetary Fund (IMF) has expressed support for a series of recent policy measures announced by Argentina’s central bank and finance ministry, providing a positive backdrop for a planned review mission later this month. The decl...

Here’s why platinum price has soared to a 4-year high

Platinum price extended its gains on Wednesday to trade at a level last recorded in May 2021. Since early April when it was at its lowest level since November 2023, the previous metal has rallied by about 45%. At the time of writing, it was at $1,256...

Interview: Raiinmaker’s J.D. Seraphine says integration of blockchain can enhance AI systems and drive economic growth

As the intersection of artificial intelligence (AI) and blockchain technology continues to evolve, governments face the challenge of embracing innovation while safeguarding public trust.  In an interview with Invezz, J.D. Seraphine from Raiinmak...

Is there hope for Germany’s economy after all?

For the first time in years, there’s finally some optimism in the air about Germany’s economy. After two consecutive years of contraction, the data points to a modest rebound. Forecasts are being upgraded, investor sentiment is rising, and the new go...

Copper remains supported for now even as China optimism fades

Since the start of the year, copper prices have been volatile, primarily due to tariff risks and China’s uncertain economic recovery. According to the ING Group, the optimism over copper demand in China has been fading.  Copper prices have...

Long XAU/AUD: breakout above 5150 with inverted hammer confirms bullish momentum amid RBA dovish signals

US and Iran to resume nuclear talks Sunday in Muscat as tensions rise

Oman’s foreign minister announced on Thursday that the sixth round of US-Iran nuclear talks would take place on Sunday in Muscat.  This announcement followed US President Donald Trump’s reaffirmation that Tehran would not be permitte...

Long XAU/GBP: bullish gold setup eyes £2,500 as recession, geopolitics and GBP weakness fuel rally

US-China trade talks and Washington’s decade-long effort to block China’s tech surge

For over a decade, the United States has used export controls to stymie China’s progress in acquiring and developing cutting-edge technologies—especially those with military applications such as advanced semiconductors and artificial intelligence. Th...

Is platinum becoming the cheap alternative to gold?

The extensive rise in platinum prices this year has been surprising. The metal has even surpassed gold with a 40% increase in prices since the beginning of the year.  On Monday, platinum prices surpassed $1,200 per ounce, marking a four-year hig...

Aluminum and steel tariffs spark rise in secondary production, price divergence

US tariffs on steel and aluminum were doubled, but the metal markets appear to have quickly absorbed the impact.  Aluminum prices on the LME have already fully rebounded to approximately $2,440 per ton after a brief dip. “The market therefore do...

US markets close in red as inflation and trade truce vie with geopolitical tensions

The U.S. stock markets closed a volatile Wednesday session in the red as investors digested a fresh batch of inflation data, cautious news regarding a U.S.-China trade truce, and persistent concerns over escalating tensions in the Middle East impacti...

Wells Fargo sees US markets to washout in 2025, but rise in 26: here’s why

Wells Fargo expects the US markets to have a washout in 2025 while reaching new heights in 2026. The firm said the tariffs will cause uncertainty in the current year, while a bounce back from a highly volatile environment, backed by historical data,...