Indian Prime Minister Modi appealed to citizens to cut fuel use and said measures from the Covid pandemic such as working from home and online meetings should be used. (Source: Bloomberg)
Indian Prime Minister Modi appealed to citizens to cut fuel use and said measures from the Covid pandemic such as working from home and online meetings should be used. (Source: Bloomberg)
In this picture obtained from Iran's ISNA news agency and taken on May 2, 2026, the Gambia-flagged tanker vessel Bili is pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. (Photo by Amirhossein KHORGOOEI / ISNA / AFP via Getty Images) / Amirhossein Khorgooei | Afp | Getty Images U.S. President Donald Trump rejected Iran's counterproposal to end the 10-week war in the Midd...
In this picture obtained from Iran's ISNA news agency and taken on May 2, 2026, the Gambia-flagged tanker vessel Bili is pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. (Photo by Amirhossein KHORGOOEI / ISNA / AFP via Getty Images) / Amirhossein Khorgooei | Afp | Getty Images U.S. President Donald Trump rejected Iran's counterproposal to end the 10-week war in the Middle East, calling it "totally unacceptable," while Tehran vowed to "never bow," prolonging a standoff that has choked the Strait of Hormuz and roiled global energy markets. "I have just read the response from Iran's so-called "Representatives." I don't like it — TOTALLY UNACCEPTABLE!" the president said in a Truth Social post on Sunday. Iranian state media framed Tehran's response as a rejection of the U.S. proposal , which it characterized as a demand for "surrender." In its response to the latest U.S. proposal, Tehran has insisted on war reparations, full sovereignty over the Strait of Hormuz, an end to sanctions, and the release of frozen Iranian assets. Iranian President Masoud Pezeshkian struck a defiant tone as negotiations proceeded Sunday. "We will never bow our heads before the enemy, and if talk of dialogue or negotiation arises, it does not mean surrender or retreat," he said on X in Persian, translated via Grok. Israeli Prime Minister Benjamin Netanyahu, in an interview with CBS News' "60 Minutes," said the war was not over because there was "more work to be done." Iran had neither surrendered its enriched uranium nor dismantled enrichment sites, and continues to support regional proxies and advance its ballistic missile program, he said. Nuclear and Hormuz impasse The Wall Street Journal reported that Iran rejected U.S. demand s regarding its nuclear program and stockpile of highly enriched uranium. Instead, Tehran proposed separate negotiations and offered to dilute some of its highly enriched uranium and transfer the rest to a third country, with a provision t...
Shell (NYSE: SHEL) CEO Wael Sawan is one of many energy industry executives sounding the alarm on the oil supply/demand imbalance that has been building since the geopolitical conflict in the Middle East erupted. Right now, Sawan says the world is short 1 billion barrels of oil, a number Halliburton (NYSE: HAL) CEO Jeffrey Miller backs. The CEOs of Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) bo...
Shell (NYSE: SHEL) CEO Wael Sawan is one of many energy industry executives sounding the alarm on the oil supply/demand imbalance that has been building since the geopolitical conflict in the Middle East erupted. Right now, Sawan says the world is short 1 billion barrels of oil, a number Halliburton (NYSE: HAL) CEO Jeffrey Miller backs. The CEOs of Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) both agree that it will take months to solve the growing imbalance once the conflict ends. Until then, the supply shortfall will only get worse. Should you buy Shell or one of its rivals? The answer depends on your investment horizon. Image source: Getty Images. Continue reading
Australia’s yield curve may flatten and its premium to US Treasuries narrow if the government signals a pullback in bond issuance next year, reflecting more restrained fiscal spending, according to strategists. Issuance may total A$115 billion ($83.2 billion) in fiscal 2027, down from roughly A$125 billion expected for the current fiscal year, Commonwealth Bank of Australia estimates. Some analyst...
Australia’s yield curve may flatten and its premium to US Treasuries narrow if the government signals a pullback in bond issuance next year, reflecting more restrained fiscal spending, according to strategists. Issuance may total A$115 billion ($83.2 billion) in fiscal 2027, down from roughly A$125 billion expected for the current fiscal year, Commonwealth Bank of Australia estimates. Some analysts also say the nation’s debt may become more attractive should the Australian Office of Financial Management adopt a recommendation to lower its cash balance. The outlook comes ahead of Tuesday night’s budget update, where the government is expected to unveil a narrower underlying cash deficit than forecast six months ago. Australia’s debt manager will then indicate issuance for fiscal 2027, with any signal of reduced supply likely to support bonds and narrow the yield gap with US peers in the months ahead. Here’s what some strategists have to say ahead the annual budget: Robert Thompson , Royal Bank of Canada: While AOFM is likely to adopt some of the recommendations, the timing may depend on whether it wants to think through a considered response to the entire review or happy to break up their response and adopt the liquidity recommendation before addressing everything else “If they decide to shrink the liquidity buffer by A$10 billion or more in FY27, it should see AU-US 10-year spread a little tighter and 3-10s yield curve slightly flatter. It’s hard to pick out the exact quantum, but perhaps a couple of basis points” The Australia-US spread tightening to date has likely been a combination of moves in US Treasuries and RBA rate hikes, “which leaves room for a reaction if we do get a cut to the liquidity buffer” Adam Donaldson , Commonwealth Bank of Australia There could be a reduction in issuance to A$115 billion from A$125 billion, which will aid in narrowing the Australia-US yield spread to around 10 basis points by mid-2027. Lower bond supply “should be a major diffe...
(RTTNews) - The Japanese stock market is trading notably higher on Monday, reversing the losses in the previous session, following the broadly positive from Wall Street on Friday, with the Nikkei 225 moving above the 63,200 level, with gains in financial stocks partially offset b
(RTTNews) - The Japanese stock market is trading notably higher on Monday, reversing the losses in the previous session, following the broadly positive from Wall Street on Friday, with the Nikkei 225 moving above the 63,200 level, with gains in financial stocks partially offset b