Metal prices experienced a sharp decline on Thursday. Aluminium saw a significant drop as speculators exited bullish positions. Copper also sank to a three-month low. Surging oil prices are raising concerns about global economic growth. Additionally, ample inventories are weighing on the market. This situation has led to a broad sell-off across various metals.Read More

Oil prices saw sharp swings as Iran attacked energy targets. The US is boosting supply to counter rising costs before November elections. Brent crude rose, while US crude futures briefly turned negative. Attacks hit gas fields and refineries in the Middle East. European gas prices surged. The US may ease sanctions on Iranian oil.Read More

Wall Street bank capital would fall 4.8% under softened capital rules unveiled by U.S. bank regulators on Thursday, freeing up billions in dollars for lending, dividends and share buybacks in a stunning victory for the industry which had faced double-digit hikes ‌under the original 2023 ⁠plan.Read More

Gemini ​Space Station and its billionaire founders Cameron and Tyler Winklevoss were sued by shareholders who said they were defrauded about the cryptocurrency exchange’s business prospects, and suffered ‌losses as ⁠a ⁠strategy shift, mounting losses, job cuts and executive departures caused the stock ​price to fall.Read More

HDFC Bank’s US-listed shares dipped further following the former chairman’s sudden resignation, citing ethical concerns. Despite management’s reassurances and a lack of specific details, investors remain cautious. Analysts, however, see the stock correction as a potential buying opportunity, emphasizing the bank’s strong fundamentals and leadership continuity over perceived tactical differences.Read More

An overnight jump in oil prices on the ​heels of a hawkish Federal ​Reserve policy meeting has further narrowed the window for ​the interest rate cut President Donald Trump has demanded and upped the odds that his nominee to lead the U.S. central bank may need to tighten borrowing costs early in ‌his tenure.Read More

Global investors remain hesitant to abandon stocks and bonds despite recent energy shocks and inflation concerns. Historical resilience to oil disruptions and strong pre-existing themes like AI and growth offer some support. However, the duration of the Iran conflict and its impact on inflation and interest rates remain critical uncertainties for financial markets.Read More

The European Central Bank warned Thursday that the energy shock unleashed by the Middle East war would sharply push up inflation and hit the eurozone’s growth this year.Read More

​India’s ​largest asset manager ​SBI Funds Management filed for an initial public offering, ‌where ⁠its existing ⁠investors State Bank ​of India and Amundi will together ​offload a 10% stake, its draft prospectus ​showed on ⁠Thursday.Read More

Nearly 28 million outbound ​trips from the Middle ​East are at risk ​this year as a result of the disruption caused by the war launched by the ‌United ⁠States and Israel ⁠on Iran, according to a research ​note from Oxford Economics.Read More