Global hedge funds suffer worst losses since 'liberation day' on Iran war turmoil

Hedge funds are getting battered by a sharp spike in oil prices and a broad market selloff unraveling crowded trades as the ...

Traffic starts trickling through Strait of Hormuz: Who's moving through and who's still stranded or diverting

Iran has scared off most ships from the Strait of Hormuz, leaving some ships to pass through, while most continued to wait ...

Japan's Mitsui OSK shares soar to record highs as activist investor Elliott builds 'significant' stake

Shares of Japanese shipping firm Mitsui OSK surged to a record high after Elliott Investment Management said it had ...

Iran launches retaliatory strikes on Israel and U.S. assets after security chief Larijani is killed

Iran has intensified attacks targeting U.S. assets in the Middle East and Israel in apparent retaliation against the killing of Iran's security chief Ali Larijani.

Illinois Lt Gov Stratton wins Senate Democratic primary for Dick Durbin's seat

Progressives and moderates vie for influence in Democratic primary while House primaries feature competitive races for ...

South Korea's stocks lead gains in Asia as investors assess Japan trade data, await Fed rate verdict

Asia-Pacific markets rise, with South Korea's Kospi leading gains. Japan exports surge 4.2%, beating estimates. U.S. stock ...

'Slowdown, not a meltdown’ for Philippine economy; BDO to maintain infrastructure lending focus

Nestor Tan, CEO of BDO Unibank, says the bank is backing the government’s push toward renewable energy, with 80–90% of ...

Chris Wood: The real bubble in AI lies within the private market

Christopher Wood of Jefferies says China is better positioned to win the AI race over the US, as well as the 'bubble' he is ...

Oil prices drop as U.S. crude inventories show an increase

Oil prices slightly fell on Wednesday morning after sources citing American Petroleum Institute figures showed an increase in U.S. crude inventories.

Gold steady as investors weigh Mideast risks ahead of Fed decision

Gold prices held steady on Wednesday as investors assessed the economic impact of the Middle East conflict ahead of the U.S.

Japan exports beat forecasts with 4.2% growth in February, but shipments to China and U.S. slump

Exports to mainland China, Japan's largest trading partner, fell 10.9%. Shipments to the U.S. dropped 8% and may weaken ...

Oil slips as rising U.S. crude inventories offset attacks on UAE energy infrastructure

Oil fell as rising U.S. crude inventories offset fresh supply fears. UAE attacks deepened disruption risks near the Strait of ...