Looming oil surplus could stall price recovery, say analysts
Oil prices are not likely to recover much as a significant surplus is looming on the market, according to analysts. Brent crude oil prices fell below $60 at the beginning of…
Economy
1077 posts
How China is rebranding Venezuelan oil as Brazilian to evade sanctions
Over the past year, more than $1 billion in Venezuelan oil shipments to China has been relabeled as Brazilian crude by traders, according to tanker tracking firms, company documents, and…
Trump to sign executive order slashing drug prices today: Asian pharma stocks fall, analysts flag downsides
President Donald Trump announced on Sunday evening that he would sign an executive order aimed at reducing prescription drug prices in the United States by linking them to prices paid…
What extended conflict between India and Pakistan could cost their economies
Tensions between India and Pakistan continued to escalate for a third day after India’s retaliatory military operation, dubbed Operation Sindoor, following a terror attack in Pahalgam that killed 26 civilians.Late…
UK’s Crown Estate clears offshore wind expansion to raise energy output
To accelerate the UK’s energy transition and efficiently increase capacity, King Charles III’s Crown Estate, owner of Britain’s seabed, has approved the expansion of high-density wind farms on existing seabed…
CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report
CoreWeave, the fast-growing US-based AI data centre company, is planning to raise at least $1.5 billion in fresh debt to refinance a portion of its sizeable liabilities and support further…
India offers 9% tariff cut to fast-track $129 billion US trade deal
India is preparing to cut its average tariff differential with the US by nearly 9 percentage points—bringing it down from 13% to under 4%—in a major step toward securing exemptions…
Canada’s unemployment rate hits 6.9% as US tariffs undermine export sectors
Canadian unemployment rose to 6.9% in April, the highest level since November, as US tariffs on major exports started hitting the country’s important manufacturing and trade-dependent parts of the economy, Statistics…
Expedia’s cost controls offer hope, but analysts see growth hurdles ahead
Shares of Expedia Group fell sharply by more than 8.5% on Friday after the company reported first-quarter revenue that came in below Wall Street expectations, signalling a slowdown in US…
Trump may slash China tariffs to 50% as US-China trade talks heat up: report
The United States is considering a major rollback of tariffs on Chinese imports, with plans underway to cut the current 145% levy to as low as 50%, according to a…