(RTTNews) - Indian shares look set to edge higher on Friday after oil prices reversed course before finishing in negative territory in the New York trading session overnight. Brent crude futures were down nearly 3 percent below $106 a barrel in early Asian trade after seven U.S. allies announced their support for a potential coalition to reopen the strait of Hormuz for commercial ships and oil tan...
(RTTNews) - Indian shares look set to edge higher on Friday after oil prices reversed course before finishing in negative territory in the New York trading session overnight. Brent crude futures were down nearly 3 percent below $106 a barrel in early Asian trade after seven U.S. allies announced their support for a potential coalition to reopen the strait of Hormuz for commercial ships and oil tankers, and U.S. President Trump asserted that he had no plans to commit ground forces to the U.S.-Israeli war in Iran. However, oil disruption worries persist, with reports suggesting that Iran's latest attack on Qatar has damaged facilities that produce about 17 percent of its liquefied natural gas export capacity. Iran warned on Thursday that it would carry out more severe retaliatory strikes if the U.S. and Israel attack its energy facilities again. Explosions were heard today in the Iranian capital Tehran, with air defense systems activated in response, the local news outlet Jamaran reported. Benchmark indexes Sensex and Nifty plunged around 3.3 percent each on Thursday to snap a three-day winning streak on the back of hawkish Fed comments and soaring oil prices following fresh attacks on West Asian gas hubs. Domestic currency markets were closed on Thursday for Gudi Padwa holiday. Foreign investors net sold shares worth Rs 7,558 crore on Thursday while domestic institutional investors net bought shares to the extent of Rs 3,864 crore, according to provisional exchange data. Asian markets were little changed this morning as China's central bank decided to keep its key interest rates unchanged. Gold edged up to trade at $4,687 an ounce but remains on track for a third weekly drop. The dollar index hovered near 99 after losing more than 1 percent in the previous session. U.S. stocks ended modestly lower overnight, trimming earlier losses as an early spike in crude oil prices eased on comments by Israeli Prime Minister Benjamin Netanyahu that the country had acted alone in ...
spawns/iStock via Getty Images Overview After analyzing a plethora of different option ETFs, the NEOS has established a solid reputation for delivering funds that strike an efficient balance between growth and income. One of the newer funds, NEOS MSCI EAFE High Income ETF ( NIHI ), takes a unique approach by implementing its option strategy on a fund that mirrors the MSCI EAFE Investable Market In...
spawns/iStock via Getty Images Overview After analyzing a plethora of different option ETFs, the NEOS has established a solid reputation for delivering funds that strike an efficient balance between growth and income. One of the newer funds, NEOS MSCI EAFE High Income ETF ( NIHI ), takes a unique approach by implementing its option strategy on a fund that mirrors the MSCI EAFE Investable Market Index. This is an index that provides global exposure across all market caps while excluding U.S. and Canadian securities. So NIHI is essentially NEOS's take on an international fund that offers the potential for a double-digit yield. Looking at the performance since inception, we can see that NIHI's share price has declined by nearly 3.6%. However, much of this decline comes from the ongoing market dip from the last few weeks. When including all dividends paid out to shareholders, the total return jumps up to 3.8% over the same time frame. The fund now offers an estimated annual dividend yield of 10% while issuing those payouts on a monthly basis. However, the fund's operating history is short, so there's a possibility that the yield will change over time based on market conditions. Data by YCharts However, investors need to understand that NIHI's higher dividend yield comes with some tradeoffs to consider. For instance, NIHI's option writing strategy limits upside participation during market rallies, which means that NIHI may underperform standard international dividend ETFs. Furthermore, NIHI's double-digit yield may not be sustainable in a scenario of a prolonged downturn. So let's start by taking a look at the underlying strategy that NIHI implements to generate its income. Fund Strategy NIHI has an inception dating back to September of 2025, so the operating window is very limited. Despite this, NIHI now has total net assets of $151M that it uses to implement its income-producing strategies. I believe that the utility of NIHI is for a very specific kind of investor, and...
Standard Chartered Plc and BSI Bank Ltd. failed in their bids to be part of winding-up applications linked to Malaysian sovereign wealth fund 1Malaysia Development Bhd. in Singapore’s High Court. The banks cannot intervene in the applications brought by four offshore companies as they did not meet the criteria as contingent creditors, Judge Aidan Xu wrote in a ruling on Thursday. The four firms ar...
Standard Chartered Plc and BSI Bank Ltd. failed in their bids to be part of winding-up applications linked to Malaysian sovereign wealth fund 1Malaysia Development Bhd. in Singapore’s High Court. The banks cannot intervene in the applications brought by four offshore companies as they did not meet the criteria as contingent creditors, Judge Aidan Xu wrote in a ruling on Thursday. The four firms are being liquidated in the British Virgin Islands as part of efforts to recover allegedly misappropriated funds from 1MDB. The entities including Brazen Sky and Blackstone Asia Real Estate Partners last week failed in their appeal to sue Standard Chartered and BSI in Singapore over transactions allegedly linked to 1MDB. The 1MDB scandal was one of the biggest financial frauds in history, with stolen funds estimated to have exceeded $4 billion. It prompted global investigations which led to the imprisonment of ex-Goldman Sachs Group Inc. executives and a former Malaysian prime minister. Singapore shut BSI’s local unit and fined banks including Standard Chartered for anti-money laundering breaches related to the case.
Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. Tesla is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies, two people familiar with the matter said, as CEO Elon Musk aims to add 100 gigawatts of solar capacity in...
Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. Tesla is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies, two people familiar with the matter said, as CEO Elon Musk aims to add 100 gigawatts of solar capacity in the United States. Musk said in January that solar power could meet all of the electricity needs of the United States - including the ever-increasing demand from a growing number of data centers. Job postings on the Tesla website said it aims to deploy 100 GW of "solar manufacturing from raw materials on American soil before the end of 2028". Suzhou Maxwell Technologies, the world's biggest producer of screen-printing equipment used to make solar cells, is among the leading candidates to supply machinery for the project and has been seeking export approval from China's commerce ministry, according to the two people and a third person. The sources declined to be named because the information is not public. Other potential suppliers include Shenzhen S.C New Energy Technology and Laplace Renewable Energy Technology, the first two people said. Some of the estimated 20 billion yuan ($2.9 billion) worth of equipment, including screen-printing production lines, will require export approval from Chinese regulators, according to the people. It wasn't immediately clear how much of the equipment would require approval or how long it would take. The Chinese companies were told to deliver the equipment before this autumn, the three people said, with two saying it would be shipped to Texas. Musk plans to build the solar capacity mainly for use by Tesla, although some will be used to power SpaceX satellites, the people said. The potential order highlights one issue for the United States as it looks to reduce its dependence on China – reviving U.S. manufacturing still requires some degree...
Why Is Australia Not Already Rationing Fuel? Authored by 'Fast Eddy' via 'The World according to Fast Eddy' substack, I’m an Australian Wholesale Fuel Trader An insider's explanation of what is going on... The commentary below was lifted from a Reddit post. Other than the issues I have already raised in previous articles How Is Iran Blocking and Mining Hormuz? And so it begins.... the question I a...
Why Is Australia Not Already Rationing Fuel? Authored by 'Fast Eddy' via 'The World according to Fast Eddy' substack, I’m an Australian Wholesale Fuel Trader An insider's explanation of what is going on... The commentary below was lifted from a Reddit post. Other than the issues I have already raised in previous articles How Is Iran Blocking and Mining Hormuz? And so it begins.... the question I am asking after reading this analysis is: Why is Australia Not Already Rationing Fuel? I’m the pricing, sales and trading guy at one of Australia’s fuel importers. It’s been an insane two weeks on the trading and supply front, but now it’s the weekend and my brain is still wired running at 150%. My partner asked me last night in detail to explain the overall situation. I thought I’d share my knowledge here and happy to answer questions. I’ll respond when I can throughout this weekend! Note we don’t have any retail sites so I can’t really speak for retail fuel. I also obviously can’t share anything proprietary. 1. Australian fuel is 90% imported these days, mainly from Asia. The Asia refiners are more competitive and have economies of scale that compete Australian refineries, that’s why most of our have closed. Australia for over a decade has not met the internationally agreed 90-day buffer of fuel reserves in the country, we sit a roughly 32 days of stock. This is the fault of both Labor and Liberal governments in the past. Note: it’s easy to store crude oil but much more difficult to store refined products like diesel and petrol, they are flammable and go off after a few months of sitting in a tank. It is very expensive to build brand new storage tanks, which is why no commercial personal is doing it - this is why we import so much oil throughput. 2. Not all crude oils are the same. The Asian refineries are set up to refine medium sour crude (far more experienced chemical engineers, or Google, can give you more info of the API and Gravity ranges of crude oil types). This is...