Latest Business News
Trump Rejects Iran's Latest Peace Offer as 'Unacceptable'
President Trump dismissed Iran's new peace proposal to end the 10-week conflict, calling it totally unacceptable, escalating tensions. This rejection has led to oil price jumps due to fears over Strait of Hormuz disruptions.
Oil Prices Surge After Trump-Iran Standoff
Oil markets elevated as Trump rejects Iran truce, with Saudi Aramco CEO warning of prolonged disruptions from near-closure of Hormuz Strait. Traders brush aside tensions amid AI stock rally.
Trump to Hold Summit with China's Xi Thursday
White House confirms Trump-Xi summit on Thursday, with China verifying Trump's visit from May 13-15. Discussions to cover China's Iran war stance and trade issues.
Asian Stocks Climb on AI Trade Momentum
Asia's markets rise, led by tech and AI stocks, with KOSPI up fifth session on chip rally; traders seek clues amid Iran tensions. Momentum-obsessed investors double down.
China April CPI and PPI Inflation Exceeds Forecasts
Breaking data shows China's CPI and PPI topping expectations, influencing economic outlook amid Trump-Xi summit anticipation. Analysts discuss impacts from Iran war on inflation and trade.
Australia Tackles 'Unacceptable' Housing Market
Treasurer Chalmers announces budget measures for productivity, tax reform, and fixing housing crisis. Far-right party secures first election win.
Alibaba Integrates Qwen AI with Taobao Platform
Reuters reports Alibaba to embed its Qwen AI model into Taobao, boosting tech integration amid Asia's AI-driven rally.
Aramco CEO Warns of Long Oil Market Disruptions
Saudi Aramco boss highlights extended oil supply risks from Hormuz Strait issues due to Iran conflict. Global fuel shock hits Africa with shortages.
Bessent to Meet Japan's Takaichi and China's He
US Treasury's Bessent scheduled for talks with Japan's Takaichi and China's He this week, amid Trump-Xi summit buildup.
Philippine Peso at Risk of New Lows, Analysts Warn
Analysts caution Philippine peso faces further declines amid global tensions and economic pressures.
UK's Starmer Vows 10-Year Term After Election Losses
Prime Minister Keir Starmer battles job security post-local election defeats but pledges long-term service.