Economy – Golden Financier

Economy

Oil prices rise on Trump’s sanction threat on Russia; oversupply to weigh on sentiments

Oil prices rose on Friday, following US President Donald Trump’s announcement of an upcoming statement concerning Russia, which hinted at potential additional sanctions on the significant oil-producing nation. However, concerns about…

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Economy

Glenmark Pharma hits record high after $2B licensing deal for cancer drug

Shares of Glenmark Pharmaceuticals surged 14% to an all-time high on Friday after its biotechnology unit, Ichnos Glenmark Innovation (IGI), signed a landmark licensing deal with US drugmaker AbbVie for…

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Economy

China’s Iranian oil imports near record highs as traders circumvent sanctions

China’s import of Iranian crude oil continued to rise last month as shipments were close to the record highs touched in March, Vortexa said.In June, China’s seaborne crude imports increased…

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Economy

Barrick CEO remains bullish on copper amid US tariff uncertainty

Mark Bristow, CEO of Barrick Mining Corp, reiterated the copper miners’ bullish outlook on the metal’s future in Zambia, where the company is expanding operations, according to a Reuters report. This…

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Economy

Two Kevins, one chair: The reality behind the next chairman of the Federal Reserve

The race to lead the Federal Reserve has taken on the tone of a reality show. Two Republicans are competing for the most influential economic post in the world.One has…

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Economy

Donald Trump delivers tariff letters to 7 more nations; meets African delegation

After imposing heavy tariffs on 14 nations and revealing plans to push import duties on the copper and pharma sector, US President Donald Trump on Wednesday delivered letters to seven…

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Economy

Monster Beverage stock slide 3% after this brokerage downgraded the stock

Monster Beverage Corp. (NASDAQ: MNST) fell 3% on Wednesday after Rothschild & Co Redburn downgraded the stock from Buy to Neutral. The firm also reduced its price target from $63…

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Economy

Trade tariffs force Nissan to suspend production of key models for Canada

Nissan Motor has announced a suspension of US production for three of its vehicle models specifically designated for the Canadian market, according to a Reuters report. This decision comes as a…

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Economy

Moderna stock rallies on HHS lawsuit news: analyst says negative sentiment reversing

Shares of Moderna surged 9.5% on Tuesday to $32.75 in a notable reversal of recent bearish sentiment, buoyed by legal developments and renewed investor focus on the company’s potential vaccine…

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Economy

China’s push to end oversupply could forge a new class of market champions: JPMorgan

China’s ongoing policy efforts to curb excess industrial capacity could serve as a significant positive catalyst for both its equity markets and global trade, provided the measures are executed effectively,…

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