Netflix, Advanced Micro Devices and SAP face mixed outlooks as growth drivers compete with rising competition, macro pressures and execution challenges.
Netflix, Advanced Micro Devices and SAP face mixed outlooks as growth drivers compete with rising competition, macro pressures and execution challenges.
Zimbabwe’s key gold exports are vulnerable to an escalation in the Middle East conflict, according to a business lobby. The United Arab Emirates is a major destination for the southern African nation’s gold shipments, which contributed 45% of total export earnings last year, the Zimbabwe National Chamber of Commerce said in submission to the Ministry of Industry and Trade. Any disruption to the UA...
Zimbabwe’s key gold exports are vulnerable to an escalation in the Middle East conflict, according to a business lobby. The United Arab Emirates is a major destination for the southern African nation’s gold shipments, which contributed 45% of total export earnings last year, the Zimbabwe National Chamber of Commerce said in submission to the Ministry of Industry and Trade. Any disruption to the UAE’s financial or trading systems could hit Zimbabwe’s export receipts, it said in the submission seen by Bloomberg News and confirmed by the chamber. “This creates indirect risk for Zimbabwe’s export flows,” the chamber said. “If tensions escalate, there may be tighter compliance, financial scrutiny, or disruptions in payment channels linked to Middle East markets as well as a slowdown in economic activity.” During the first two months of this year, the country earned $568.6 million from gold exports, more than double the year-earlier period, according to data from Reserve Bank of Zimbabwe.
KairosDee/iStock via Getty Images The Pentagon is considering deploying up to 10,000 additional ground troops to the Middle East to expand President Donald Trump’s military options as he weighs potential peace talks with Iran, the Wall Street Journal reported, citing Defense Department officials. Trump said Thursday he is pausing strikes on Iran’s energy sector for 10 more days, until April 6, to ...
KairosDee/iStock via Getty Images The Pentagon is considering deploying up to 10,000 additional ground troops to the Middle East to expand President Donald Trump’s military options as he weighs potential peace talks with Iran, the Wall Street Journal reported, citing Defense Department officials. Trump said Thursday he is pausing strikes on Iran’s energy sector for 10 more days, until April 6, to allow negotiations to continue beyond his earlier deadline. While he said the extension was requested by Iran, mediators indicated Tehran did not seek additional time. Oil prices were on track for a weekly decline following the move. Brent futures ( CO1:COM ) was trading +0.58% to $108.6 per barrel, while U.S. West Texas Intermediate ( CL1:COM ) was up +0.24% to $94.7 a barrel at press time. The Senate Armed Services Committee plans to hold its first public hearing on the administration’s war with Iran, though not until mid-April after lawmakers return from their spring recess. Meanwhile, Iran’s envoy to the United Nations called the alleged targeting of senior Iranian officials “state-sponsored terrorism” in a letter on Thursday. The U.N. Security Council is set to hold a closed-door meeting on Friday to discuss the situation. Aerospace and Defense ETFs: iShares U.S. Aerospace & Defense ETF ( BATS: ITA ), Invesco Aerospace & Defense ETF ( NYSEARCA: PPA ), and the SPDR S&P Aerospace & Defense ETF ( NYSEARCA: XAR ). Oil ETFs: ( USO ), ( UCO ), ( DBO ), ( OILK ), and ( USL ). Natural Gas ETFs: ( UNG ), ( BOIL ), and ( UNL ). Energy ETFs: ( XLE ), ( AMLP ), ( VDE ), ( XOP ), ( OIH ), and ( IXC ). More on oil Pay To Play In The Strait Of Hormuz Commodities: Oil Volatile As Ceasefire Talks Stall Gas Prices Up More Than $1 In March Crude oil edges lower as Trump extends pause on attacking Iran's energy sites Trump extends halt on Iran energy strikes to April 6