China on Wednesday welcomed a newly announced ceasefire between the U.S. and Iran, endorsing mediation efforts by Pakistan and other nations to end a conflict that has shaken the Middle East. Foreign Ministry spokesperson Mao Ning said during a regular press briefing that Beijing has consistently supported an immediate end to hostilities. “We have always advocated for a cease-fire and an end to th...
China on Wednesday welcomed a newly announced ceasefire between the U.S. and Iran, endorsing mediation efforts by Pakistan and other nations to end a conflict that has shaken the Middle East. Foreign Ministry spokesperson Mao Ning said during a regular press briefing that Beijing has consistently supported an immediate end to hostilities. “We have always advocated for a cease-fire and an end to the war as soon as possible, resolving disputes through political and diplomatic channels, and ultimately realizing long-term peace and stability in the Middle East and the Gulf region,” Mao said, adding that China has made its own efforts toward this goal.
(RTTNews) - Canadian stocks look set to open with a strong positive gap on Wednesday thanks to the U.S. and Iran agreeing to a two-week ceasefire to ensure stability in the critical energy corridor in the Gulf.
(RTTNews) - Canadian stocks look set to open with a strong positive gap on Wednesday thanks to the U.S. and Iran agreeing to a two-week ceasefire to ensure stability in the critical energy corridor in the Gulf.
Morgan Stanley is set to become the first Wall Street bank to launch its own Bitcoin-tracking exchange-traded fund , a milestone for the digital-asset ecosystem that underscores how deeply the original cryptocurrency has embedded itself in the financial mainstream — even as the market around it has cooled. The New York–based firm plans to debut the Morgan Stanley Bitcoin Trust on NYSE Arca under t...
Morgan Stanley is set to become the first Wall Street bank to launch its own Bitcoin-tracking exchange-traded fund , a milestone for the digital-asset ecosystem that underscores how deeply the original cryptocurrency has embedded itself in the financial mainstream — even as the market around it has cooled. The New York–based firm plans to debut the Morgan Stanley Bitcoin Trust on NYSE Arca under the ticker MSBT Wednesday. It will join more than 10 spot-Bitcoin ETFs that launched over the past two years and collectively command over $85 billion in assets. Despite being a late entrant to an increasingly crowded field, it’s leaning on a classic Wall Street playbook: competing on fees and scale. With an expense ratio of 14 basis points, MSBT would be the cheapest fund in the category, undercutting Grayscale Investments Inc. ’s BTC by 1 basis point and BlackRock Inc. ’s IBIT by 11 basis points. The latter currently dominates the market, accounting for roughly 60% of total assets. “We really wanted to show our commitment by having that lower fee,” Allyson Wallace , global head of ETFs at Morgan Stanley Investment Management, said in an interview. “The demand, especially from the high-net-worth investors, has been quite high. Viewed at the firm level, this is an asset class that is not going away.” The launch underscores a broader shift in the Bitcoin market, where large institutions have become increasingly influential in driving trading volumes and shaping flows. Hedge funds, banks and other large investors are not only allocating to Bitcoin ETFs to meet client demand but are also using them as trading instruments. Since the debut of spot-crypto ETFs, regulatory filings consistently showed hedge funds, endowments and even government entities worldwide building exposure. Eric Balchunas of Bloomberg Intelligence said the aggressive fee positioning signals strong demand from financial advisers. Morgan Stanley Wealth Management, which has about 16,000 advisers, recommended i...
Qatar is mobilizing engineers and workers with the aim of resuming production at the world’s biggest liquefied natural gas export plant following a ceasefire in the war in the Middle East, according to people with knowledge of the matter. The improvement in security conditions is allowing limited activity, and the facility is undergoing necessary maintenance ahead of a planned restart, said the pe...
Qatar is mobilizing engineers and workers with the aim of resuming production at the world’s biggest liquefied natural gas export plant following a ceasefire in the war in the Middle East, according to people with knowledge of the matter. The improvement in security conditions is allowing limited activity, and the facility is undergoing necessary maintenance ahead of a planned restart, said the people, who asked not to be identified as they are not authorized to speak with the media. Some production could begin to resume over the coming days, though it’s not clear how quickly it could ramp up, and any return to significant output would require ships to be able to pass through the Strait of Hormuz. Ras Laffan has been offline since early March, triggering a global gas supply crunch. While damage to the plant from a missile attack last month took out 17% of Qatar’s annual export capacity for as long as five years, restarting other parts of the massive facility would be an important milestone. The entire plant has the capacity to produce 77 million tons of LNG a year. Read More: Strikes on Qatar’s LNG Crown Jewel Reshape the Future of Gas QatarEnergy didn’t immediately respond to a request for comment. Earlier this week, two LNG tankers loaded with Qatari fuel abandoned attempts to pass through Hormuz after failing to secure clearance from Iranian officials. While the US and Iran have agreed a ceasefire in exchange for reopening of the strait, details remain murky, and the two nations have outlined positions that do not fully reconcile. Tehran said it agreed to two weeks of safe passage in coordination with its armed forces and within “technical limitations,” while US President Donald Trump announced a “COMPLETE, IMMEDIATE, and SAFE OPENING”.
US President Donald Trump looks on during a press conference about the conflict in Iran in the James S. Brady Press Briefing Room of the White House on April 6, 2026, in Washington, DC. Saul Loeb | Afp | Getty Images The U.S. will impose tariffs of 50% on "any and all" goods imported to the country from any nation "supplying military weapons to Iran", President Donald Trump said on Wednesday. Trum...
US President Donald Trump looks on during a press conference about the conflict in Iran in the James S. Brady Press Briefing Room of the White House on April 6, 2026, in Washington, DC. Saul Loeb | Afp | Getty Images The U.S. will impose tariffs of 50% on "any and all" goods imported to the country from any nation "supplying military weapons to Iran", President Donald Trump said on Wednesday. Trump said in a Truth Social post that any country found to be supplying Iran with weapons would be subject to the levy "immediately", with no "exclusions or exemptions". The president wrote: "A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions!" It came as Trump said the U.S. would "work closely" with Iranian authorities, following the ceasefire agreement announced on Tuesday and what Trump called "very productive regime change". Trump said in a separate Truth Social post that "there will be no enrichment of uranium" and that many of the 15 points in the U.S. peace proposals have already been agreed. The U.S. and Iran will discuss tariffs and sanctions relief, Trump added. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Carsten Koall/Getty Images News Activist investor Shah Capital is renewing its pressure campaign against Novavax ( NVAX ) as it looks to vote against the re-election of the company’s board nominees and its executive compensation package at the forthcoming annual meeting, according to Reuters. Shares of the Maryland-based biotech added 5% in the premarket after the report. In a letter sent by Shah...
Carsten Koall/Getty Images News Activist investor Shah Capital is renewing its pressure campaign against Novavax ( NVAX ) as it looks to vote against the re-election of the company’s board nominees and its executive compensation package at the forthcoming annual meeting, according to Reuters. Shares of the Maryland-based biotech added 5% in the premarket after the report. In a letter sent by Shah Capital’s founder, Himanshu Shah, to Novavax ( NVAX ) on Wednesday, the hedge fund said that the company has not yet introduced deep cost reduction measures. The firm, which owns roughly 9% of Novavax ( NVAX ) shares, making it the company’s second-largest shareholder, also urged NVAX management to slash costs and opportunistically repurchase 10M–20M of its shares. Over the past few years, the Raleigh, NC-based investment firm has been calling for changes at Novavax ( NVAX ), including a potential sale of the company. In the letter, Shah Capital argued that Novavax ( NVAX ) has not benefited from its collaboration with Sanofi ( SNY ) and sought a reduction of the company’s senior management team by 30% and its board membership from eight to five. Shah Capital expects a strategic long-term investor with similar intentions to the firm to purchase a 10%–20% stake in the company to drive the COVID-19 vaccine maker’s future direction. "My letter is an indictment of the leadership," Shah said, adding that he is not starting a proxy fight at the firm, "as it will be in the minority against an entrenched eight-member board." More on Novavax Novavax, Inc. (NVAX) Presents at Leerink Global Healthcare Conference 2026 Transcript Novavax, Inc. (NVAX) Presents at TD Cowen 46th Annual Health Care Conference Transcript Novavax, Inc. 2025 Q4 - Results - Earnings Call Presentation White House misses deadline for CDC director nominee Trump administration reportedly shortlisting CDC nominees
US President Donald Trump has threatened to impose 50 per cent tariffs on any country supplying weapons to Iran. “A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions! President DJT,” Trump said on social media on Wednesday, without saying which cou...
US President Donald Trump has threatened to impose 50 per cent tariffs on any country supplying weapons to Iran. “A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions! President DJT,” Trump said on social media on Wednesday, without saying which countries would be affected. In an earlier post on Wednesday he said the US and Iran would work closely...
ridham supriyanto/iStock Editorial via Getty Images Standard Chartered ( SCBFF ) ( SCBFY ) is considering a partial acquisition of the digital assets platform, Zodia Custody, people familiar with the matter told Bloomberg News . The U.K.-based lender is planning to merge Zodia's crypto custody business into its corporate and investment banking division that provides similar services, the sources r...
ridham supriyanto/iStock Editorial via Getty Images Standard Chartered ( SCBFF ) ( SCBFY ) is considering a partial acquisition of the digital assets platform, Zodia Custody, people familiar with the matter told Bloomberg News . The U.K.-based lender is planning to merge Zodia's crypto custody business into its corporate and investment banking division that provides similar services, the sources reportedly said. It wasn't clear if StanChart has held talks with Zodia's minority investors, which include Northern Trust ( NTRS ), Emirates NBD, National Australia Bank ( NABZY ) ( NAUBF ), and SBI Holdings ( SBHGF ), according to the report. An official announcement could come as soon as this month, according to the people. StanChart launched its own digital asset custodial services out of Luxembourg in January 2025, and crypto trading for institutional clients during summer, the report noted. Other Wall Street firms, including State Street ( STT ), Bank of New York Mellon ( BK ), and Morgan Stanley ( MS ), are said to be expanding in the space. More on Standard Chartered Standard Chartered PLC (SCBFY) Presents at European Financials Conference 2026 Transcript Standard Chartered PLC (SCBFY) Q4 2025 Earnings Call Transcript Standard Chartered PLC 2025 Q4 - Results - Earnings Call Presentation China signals broader market access, trade rebalancing in pitch to global business Banks ramp up Middle East security measures amid Iran conflict - report