Wealth funds, central banks turn to energy assets amid geopolitical volatility
An Invesco survey showed financial entities focusing on diversification and investment portfolios that can 'take a hit and still hold it together'...
Tag : Donald Trump
With parliamentary nod, digital euro inches closer to reality
The digital euro, as an electronic wallet guaranteed by the ECB but marketed by banks, will allow eurozone residents to make payments both online and in person...
Boost for Iranian oil industry as US issues sweeping rollback of sanctions
The 60-day waiver, known as "General License X", has permitted Iran to produce, sell and transport crude oil and energy products till August 21...
Setback for Trump’s G2? China tightens export controls against US rare-earth firms
Beijing justified the measures as a response to what it described as the Trump administration's "malicious practice" of imposing restrictions on Chinese companies...
Fed keeps rates unchanged, Warsh to review central bank’s “working pattern”
With inflation running at an above-target 3.8% and uncertainty surrounding the Iran deal, Fed's rate-setting committee unanimously decided to keep rates steady...
US-Iran peace deal: Shipping industry remains cautious on Hormuz front
The Strait of Hormuz blockade severely disrupted cargo movement across the Middle East, with many vessels being unable to enter or leave the Gulf...
US-Iran deal: Dollar touches 10-day low as markets cheer end of conflict
The Australian dollar, meanwhile, was down 0.3% at USD 0.705, holding to its losses as the Reserve Bank of Australia left rates unchanged...
Gold edges higher on Iran-US peace deal, all eyes on Fed now
Traders have scaled back expectations for a Fed rate hike in December 2026 to 57% from last week's 70%, after the conclusion of the preliminary Iran peace deal...
Oil plunges new low amid US-Iran “peace deal,” investors remain cautious
The global energy market has lost millions of barrels of oil and gas supply due to the Iran war, as Middle East's energy facilities came under attack...
Trump’s war, tariffs squeeze American wallets
President Donald Trump's dual strategy of striking Iran and imposing tariffs globally has triggered a severe economic crisis...