Golden Financier – Page 138 – Investing and Stock News

Economy

Analysis: Oil prices unlikely to plummet as backwardation to continue

Brent crude prices remained largely unchanged over the past fortnight, hovering between $65 and $66 per barrel, as anticipation of Russian oil re-entering global markets due to ongoing Russia-Ukraine peace…

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Economy

Despite drone strike, Druzhba pipeline restores oil deliveries to Slovakia, Hungary

Oil shipments to Hungary and Slovakia via the Druzhba pipeline have resumed, officials from both nations confirmed late on Tuesday. The disruption in supply was attributed to a Ukrainian drone strike…

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Economy

From airfares to groceries: Summer price shock pushes UK’s July inflation to 3.8%

A nasty summer surprise has dealt a significant blow to the UK economy, as official data revealed on Wednesday. UK inflation unexpectedly accelerated in July, stoking fresh fears about the…

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Economy

The rise of rentier-led inflation: why prices keep climbing even as growth slows

The US economy is sending mixed signals. Growth has slowed, job creation has weakened, yet prices keep rising in stubborn ways. Consumers feel squeezed, investors are riding a stock market…

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Stock

Pop Mart hits record high on Labubu-driven earnings; analysts see upside, risks loom

Shares of popular Labubu doll maker Pop Mart touched record highs on Wednesday following strong earnings results which saw the company reporting a 400% jump in net profit in the…

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Stock

Europe markets open: Stoxx 600 falls 0.3% on UK inflation shock and Fed fears

The fragile optimism that had buoyed European markets has been shattered, as a nasty inflation surprise from the UK and a wave of caution from Wall Street converged to send…

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Stock

Is it safe to buy the IWG share price dip?

The IWG share price has collapsed this week, making it one of the top laggards in the FTSE 250 Index. It plunged from a high of 233p on August 15…

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Stock

Tesco share price to benefit as UK inflation steadies

Tesco share price continued to hover close to its all-time high making it one of the best-performing companies in the FTSE 100. It has jumped by 40% from its lowest…

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Stock

Why South Korea’s petrochemical industry faces major restructuring

On Wednesday, government officials announced that ten South Korean petrochemical companies have reached an agreement to restructure their operations. This will involve significant reductions in their naphtha-cracking capacity, according to a…

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Economy

India scraps textile machinery import duty to combat US tariffs

To boost the competitiveness of its cotton sector, India has exempted import duties on cotton. This measure, effective from August 19 to September 30, addresses a key demand from industry…

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