The US and Iran have agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz. It comes after President Donald Trump’s earlier threats to unleash massive devastation in Iran if its leaders didn’t comply with his demands. (Source: Bloomberg)
The US and Iran have agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz. It comes after President Donald Trump’s earlier threats to unleash massive devastation in Iran if its leaders didn’t comply with his demands. (Source: Bloomberg)
Philippine lawmakers have voiced hope that joint oil and gas exploration deals with China could proceed amid the global energy crunch, despite a former Supreme Court justice warning that accepting Beijing’s terms would be tantamount to “suicide” for Manila. Senate President Vicente Sotto III earlier this week backed President Ferdinand Marcos Jnr’s intention to resume talks with China on such vent...
Philippine lawmakers have voiced hope that joint oil and gas exploration deals with China could proceed amid the global energy crunch, despite a former Supreme Court justice warning that accepting Beijing’s terms would be tantamount to “suicide” for Manila. Senate President Vicente Sotto III earlier this week backed President Ferdinand Marcos Jnr’s intention to resume talks with China on such ventures, given the impact of the Middle East conflict. In 2023, Marcos and Chinese President Xi Jinping...
Dubai’s benchmark stock index surged the most in more than a decade after the US and Iran agreed to a two-week ceasefire in a conflict that had rattled Gulf markets and threatened energy infrastructure across the region. The Dubai Financial Market General Index jumped as much as 8.5%, the biggest intraday increase since December 2014, as investors piled into real estate and bank shares following w...
Dubai’s benchmark stock index surged the most in more than a decade after the US and Iran agreed to a two-week ceasefire in a conflict that had rattled Gulf markets and threatened energy infrastructure across the region. The Dubai Financial Market General Index jumped as much as 8.5%, the biggest intraday increase since December 2014, as investors piled into real estate and bank shares following weeks of volatility tied to the war. Abu Dhabi equities also advanced, with the ADX General Index rising as much as 3.5%, the largest gain since March 2024. The ceasefire pauses the US-Israeli military campaign agauinst Iran in exchange for reopening the Strait of Hormuz, helping restore the flow of oil. Brent crude tumbled as much as 16% and global stocks rallied. READ MORE: US and Iran Agree to Ceasefire Hours Before Trump Deadline The ceasefire follows days of escalating hostilities that included attacks targeting the UAE, raising concerns about vital energy infrastructure and shipping routes across the Persian Gulf.
China’s fast-growing energy storage sector is drawing fresh interest from capital markets, with Sigenergy Technology becoming the latest to tap Hong Kong for funding, as companies ride a global push for renewable energy. The Shanghai-based firm was seeking to raise about HK$4.4 billion (US$561.6 million) via an initial public offering (IPO), according to its prospectus on Wednesday, as investor ap...
China’s fast-growing energy storage sector is drawing fresh interest from capital markets, with Sigenergy Technology becoming the latest to tap Hong Kong for funding, as companies ride a global push for renewable energy. The Shanghai-based firm was seeking to raise about HK$4.4 billion (US$561.6 million) via an initial public offering (IPO), according to its prospectus on Wednesday, as investor appetite builds around battery storage and smart energy systems that complement solar and electric...
In this article 981-HK 8035.T-JP SSNHZ SMSD-GB .FKRX300 HY9H-FF 6857.T-JP 6723.T-JP 5803.T-JP Follow your favorite stocks CREATE FREE ACCOUNT Xeon server chips shown to CNBC inside Intel's advanced packaging facility in Chandler, Arizona, on November 17, 2025. CNBC Asian technology and semiconductor stocks surged on Wednesday after the U.S. and Iran agreed to a conditional two-week ceasefire that ...
In this article 981-HK 8035.T-JP SSNHZ SMSD-GB .FKRX300 HY9H-FF 6857.T-JP 6723.T-JP 5803.T-JP Follow your favorite stocks CREATE FREE ACCOUNT Xeon server chips shown to CNBC inside Intel's advanced packaging facility in Chandler, Arizona, on November 17, 2025. CNBC Asian technology and semiconductor stocks surged on Wednesday after the U.S. and Iran agreed to a conditional two-week ceasefire that includes a temporary reopening of the Strait of Hormuz. The news sent major indexes in Asian markets soaring, with chipmakers — which are highly sensitive to global trade flows and energy costs — leading the rally. Taiwan Semiconductor Manufacturing Company , the world's largest contract chip manufacturer, was up 4.84%. China's leading contract chip manufacturer, Semiconductor Manufacturing International , jumped more than 10%. Japanese semiconductor equipment maker Tokyo Electron climbed 9.6%. Advantest jumped over 13%, while Renesas Electronics , a key Nvidia supplier, added 12%. Electrical equipment company Fujikura rose 11.58%. South Korean memory chip leader SK Hynix surged more than 15%, while Samsung Electronics advanced more than 9%. Samsung's gains came as the company also forecast an eightfold jump in first-quarter profit on Tuesday, driven by surging AI demand for its high-bandwidth memory chips used in data centers and servers. While continued strong demand from the AI boom has seen major chipmakers' profits soar this year, the conflict in the Middle East has raised serious concerns about their global supply chains, particularly helium. In semiconductor manufacturing, helium's cooling properties are used to transfer heat, with the gas also indispensable in photolithography, a technique used to print each chip's intricate circuitry. Iranian attacks on industrial sites in Qatar, which produce about 30% of the world's helium, and the closure of the vital shipping route of the Strait of Hormuz have severely strained helium supplies in recent weeks. Analysts warned t...
pryzmat/iStock via Getty Images Introduction Last time I covered Royal Gold ( RGLD ), I highlighted their strong fundamentals and solid project pipeline that should fuel their long-term growth, standing to benefit from their focus on gold in a potential age of repricing. With the stock returning ~34.3% since upgrading them to Buy thanks to the major transformation potential and attractive valuatio...
pryzmat/iStock via Getty Images Introduction Last time I covered Royal Gold ( RGLD ), I highlighted their strong fundamentals and solid project pipeline that should fuel their long-term growth, standing to benefit from their focus on gold in a potential age of repricing. With the stock returning ~34.3% since upgrading them to Buy thanks to the major transformation potential and attractive valuation back then, RGLD appears relatively fairly valued for a more optimistic estimate, reducing the attractiveness of the risk-reward. Transformative Year Completed Despite missing the market's estimates , RGLD reported a strong 2025 overall, meeting or even exceeding their guidance and recording 215,000 ounces of gold, 3 Moz of silver, and 14.8 Mlb of copper, with solid performance from their operators expected to continue as they went through a transformative year marked by massive deals. Royal Gold IR RGLD also issued their 5-year outlook recently, expecting their GEOs to reach between 430,000 and 480,000 compared to the ~387,500 guided for 2026 based on the guidance ranges seen above (for a 32% increase in gold, 8% in silver, and 40% for copper) or 300,300 GEOs in 2025, representing a total increase of ~17.43% at the midpoints compared to 2026 and ~51.52% vs. 2025, backed by their strong pipeline of projects, especially following the acquisition of the Sandstorm and Horizon portfolios alongside the Kansanshi and Warintza streams. This comes as a result of several projects ramping up or coming online, including Khoemacau, Platreef Phase 2, Bald Mountain Redbird, Corani, Great Bear, Hod Maden (NSR only), La India, Robertson, and Warintza, as well as a step down at Wassa and the Rainy River silver stream. Note that this pipeline doesn't include the massive potential coming from the royalties of Cactus, higher production from Platreef Phase 3, and major projects such as Fourmile, Gualcamayo, Horne 5, MARA, and Oyu Tolgoi, since these are estimated to come after, adding even mor...
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said. Arbitrage positions had been building between offshore and local markets toward the end of March, Malhotra said. While these linkages are important for efficient price discovery in normal times, excessive volatil...
The Reserve Bank of India’s recent currency market curbs aimed at quelling speculation against the rupee are temporary and will not remain in place forever, Governor Sanjay Malhotra said. Arbitrage positions had been building between offshore and local markets toward the end of March, Malhotra said. While these linkages are important for efficient price discovery in normal times, excessive volatility and rapid build up of positions can be destabilizing, he added. “Obviously, these are not measures which are going to remain there forever,” he said at a briefing after the monetary policy review on Wednesday where the central bank held interest rates at 5.25% The comments are the central bank’s first since it introduced a $100 million cap on banks’ onshore currency positions and barred them from offering non-deliverable forwards, the most widely used offshore rupee instrument. READ: India Trading Ban Rocks $149 Billion-a-Day Offshore Rupee Market The steps have helped stabilize the rupee after it weakened past 95 per dollar to a record low late March. The currency has since recovered more than 2% after the first set of measures were announced on March 27. The rupee rose 0.5% to 92.54 per dollar on Wednesday, tracking gains in Asian peers amid a temporary ceasefire in the Iran war. However, the intervention has also triggered dislocations across markets. Onshore hedging costs have climbed to a three-year high, while dollar-rupee implied volatility has surged to the highest level in four years. Banks have also taken a hit, with Jefferies estimating system-wide losses of around 50 billion rupees.
Good morning . The US and Iran agree on a ceasefire, sending stocks surging. Shipowners are scrambling to understand the deal to extract vessels trapped in the Persian Gulf. And the US is seen importing a record 2.6 billion pounds of avocados ahead of Cinco de Mayo. Listen to the day’s top stories . — Lily Nonomiya and Nasteho Said Market Snapshot S&P 500 futures 6,831.25 +2.6% Nasdaq 100 futures ...
Good morning . The US and Iran agree on a ceasefire, sending stocks surging. Shipowners are scrambling to understand the deal to extract vessels trapped in the Persian Gulf. And the US is seen importing a record 2.6 billion pounds of avocados ahead of Cinco de Mayo. Listen to the day’s top stories . — Lily Nonomiya and Nasteho Said Market Snapshot S&P 500 futures 6,831.25 +2.6% Nasdaq 100 futures 25,172.50 +3.3% WTI crude oil futures $94.66 -16% Market data as of 02:40 AM ET. Data is subject to provider delays. The US and Iran agreed to a two-week ceasefire that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. Donald Trump announced the agreement hours after Pakistan, a mediator in talks , implored him to back off his deadline to unleash massive devastation on Iran if it did not meet his demands. Oil fell the most in almost six years and stocks surged on the news, giving markets a respite from the turbulence driven by the conflict. West Texas Intermediate tumbled as much as 19% while global benchmark Brent crude slid as much as 16% to $91.70 a barrel. US and European equity futures jumped. Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets. Trump Says US in ‘Heated’ Talks Watch the video Trump said the US will help with the traffic buildup in the Strait of Hormuz. Shipowners have been scrambling to understand the truce’s fine print, hoping to take advantage of a potential window to extract more than 800 ships trapped in the Persian Gulf. Benjamin Netanyahu said Israel supported Trump’s decision, but that the ceasefire doesn’t include Lebanon. White House Press Secretary Karoline Leavitt, meanwhile, urged caution over reports of in-person talks with Iran, saying that discussions wouldn’t be finalized until announced by Trump. Pimco is in talks with Bank of America to help provide roughly $14 billion of debt financing to build a massive Oracle data center in M...