Iran refuses to recognise national currency’s fall in free markets
The Iranian rial has plunged rapidly against the dollar ever since the Israel-Hamas war led to increased worries of a direct US-Iran confrontation. ADVERTISEMENTIran’s national…
Macron doesn’t rule out sending Western troops to Ukraine – POLITICO
"It is a recognition of the challenge Ukraine faces, and that there is a bit more give, it's a credit to the French. They've had…
Live updates: Bitcoin surges as Wall Street and ASX futures edge lower
ASX 200 futures: -0.03% to 7,607 points Australian dollar: -0.35% at 65.3 US cents S&P 500: -0.26% to 5075.5 points Nasdaq: -0.04% to 15,990 points…
Ukraine vows more self-reliance as war enters third year – POLITICO
Ukrainians have questions On the anniversary of Putin's aggression, however, uncertainty and irritation were undisguised in Kyiv. Ukrainians wanted to know why Western sanctions on…
European markets climb as tech stocks take Wall Street to record high
Euronews Business rounds-up the week's market action as investors digest the week's earnings and economic data. ADVERTISEMENTAt the time of writing, the FTSE 100, France's…
Stocks, Futures Pause After Record-Busting Rally: Markets Wrap
Breadcrumb Trail LinksPMN BusinessStocks are ending the week on a calmer note as investors assess the outlook for equities after markets from the US to…
Nvidia shatters expectations: Revenue up 265% as AI demand continues
Nvidia's earnings report exceeded forecasts, with a 22% quarterly and 265% yearly revenue spike to $22.1 billion (€20.46 billion) on the heels of AI-driven growth,…
Amazon joins the Dow, the ‘elite’ club of the US stock market’s biggest companies
The e-commerce giant will replace drugstore operator Walgreens Boots Alliance on the Dow, before the opening of trading on Monday. ADVERTISEMENTAmazon is joining the likes…
European natural gas prices plummet: Is the energy crisis finally over?
The Dutch TTF benchmark for European gas prices has seen a significant drop in February 2024, falling below €25/megawatt-hour (MWh), reaching levels last seen during…
Markets’ week ahead: European shares downbeat over French predictions
The French government's predictions for lower economic growth in 2024 put an early dampener on the mood of the markets. ADVERTISEMENTEuropean shares were fairly downbeat…
China to Rally on Reopen; Other Stocks Seen Mixed: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian shares are set for a mixed start after Wall Street slumped on Friday amid signs US inflation is stickier than expected.…
Traders Scour Fuel Markets for Profits as Crude Prices Drift Sideways
Breadcrumb Trail LinksPMN BusinessTrading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in…
Lagarde’s Trump Warning Paves Way for EU Capital Markets Drive
Breadcrumb Trail LinksPMN BusinessEngulfed in a prolonged economic slowdown and facing the prospect of Donald Trump returning to the White House, the European Union is…
Lyft shares rocket 62% over a typo in the company’s earnings release
Lyft shares jumped 62% after the closing bell on Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to…
UK chipmaker Arm sees shares nearly double in less than a week
The chipmaker continues to go from strength to strength amid the AI boom. ADVERTISEMENTArm's share price has almost doubled since it announced its earnings last…
Markets’ week ahead: European stocks rise ahead of US inflation print
The US inflation report out on Tuesday could have a huge role in determining when and by how much the Federal Reserve decides to cut…
The EU is trusting fossil fuel firms to help clean up the carbon – POLITICO
In 2009, as part of a recession recovery package, the European Commission launched a €1 billion program to support eight projects in the hope of…
EU mum as solar industry time bomb ticks – POLITICO
Not only does the bloc need Chinese imports, but any trade measures against China’s solar industry could prompt retaliation. Europe has a “crucial dilemma when…
Bonds Slide on Rate Doubts; Asia Stocks Look Mixed: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian bonds were poised to follow a slump in US Treasuries as strong economic data cut the likelihood of a quick Federal…
Five Key Charts to Watch in Global Commodity Markets This Week
Breadcrumb Trail LinksPMN BusinessIt’s another busy earnings period with reports coming from Big Oil firms BP Plc and TotalEnergies SE, as well as Caterpillar Inc.,…