Latest Business News
Global Stocks Rally on US-Iran Peace Hopes as Oil Hovers Above $100
Equity markets hit fresh highs with Tokyo's Nikkei surging nearly 6% to a record, fueled by optimism over a US-Iran deal to reopen the Strait of Hormuz. Brent crude dipped but settled at $101.27, trading around $102 despite volatility. Investors eye potential end to conflict boosting energy flows .
US and Iran Weigh Fresh Proposal to End War
President Trump seeks offramp from Iran conflict as US awaits Tehran's response to deal allowing oil tankers through Strait of Hormuz. Iranian officials call some provisions unacceptable, but optimism drives global stock gains. Trump notes Iran agrees it cannot have nuclear weapons .
China Orders Banks to Pause New Loans to Sanctioned Refiners
China advises largest banks to suspend loans to five US-sanctioned refiners tied to Iranian oil, reversing guidance from days ago. Move comes amid US-Iran talks and falling Brent prices. Impacts refiners' access to funding .
Japan's Nikkei 225 Surges 6% to New Record High
Nikkei jumps over 3,300 points to 63,086 following holidays, up 70% in a year on AI-driven tech boom. Chip firms like Tokyo Electron (+9%) and Advantest (+6.8%) lead gains. Hang Seng up 1.7%, Kospi hits record .
Lufthansa Expects Robust Demand to Offset €1.7B Fuel Cost Rise
Airline anticipates strong demand will counter sharp increase in fuel bills due to elevated oil prices from Middle East conflict. Remains optimistic on financial outlook despite energy pressures .
Siemens Healthineers Cuts Full-Year Sales Forecast
German medical equipment maker lowers outlook due to structural changes in China's diagnostics market and higher inflation. Reflects weaker demand in key regions amid global economic strains .
Asian Markets Boom: Korea, Taiwan Capitals Surge
Korean market surpasses Canada as 7th largest globally; Taiwan 6th. Gains tied to tech strength and US-Iran deal optimism boosting equities across region .
Up to 150 Former WHSmith Stores to Close in UK
Modella Capital, owner of rebranded TGJones chain, plans closures of up to 150 high street stores as part of turnaround. Hundreds of jobs at risk in restructuring .
Hedge Fund Founder Ken Griffin Slams NYC Mayor's Wealth Tax
Citadel's Griffin calls Mamdani's 'tax the rich' video 'creepy,' vows to focus on Miami over Manhattan. Escalating feud highlights tensions over New York policies .
Mozambique Eyes Swapping Dollar Debt for Yuan in China Talks
African nation considers shifting dollar debt to yuan amid financial pressures. Part of broader economic maneuvers as discussed in regional news .
Maersk Reports Amid Iran War Disruptions
Shipping giant updates operations as conflict impacts volumes, with Qatar business offline due to missile strikes. Seeks to regain capacity post-peace hopes .
Ryanair CEO Calls for Airport Drink Limits
Michael O’Leary urges ban on early-morning pints and two-drink limit to curb passenger misbehavior. Part of push for better air travel conduct .