Oil prices retreat as optimism over a potential US-Iran deal raises expectations of increased global supply. West Texas Intermediate crude fell to $98.20 in early European trading Thursday, extending losses below $98.50. The decline follows remarks from US officials indica
A Bank of Japan policymaker highlights growing inflationary pressures, reinforcing expectations of a potential 25 bps rate increase next month. A Bank of Japan policymaker warned that inflationary risks are materializing, with the threat of an overshoot outweighing recessi
Investors await May flash PMI data to assess growth trends in the euro area and US after April’s services sector contraction. May flash Purchasing Managers’ Index data for the euro area, UK, and US will be released today, offering insights into economic activity. The euroz
The departure of Northern Star Resources' long-serving CEO may prompt investor reassessment of the gold miner's strategic direction. Northern Star Resources (NESRF) announced CEO Stuart Tonkin will leave the company after nearly a decade in the role. His exit is expected b
Junko Koeda says inflation risks outweigh recession concerns, hinting at potential monetary policy shifts ahead of June meeting. Bank of Japan Policy Board Member Junko Koeda stated monetary policy is appropriate to address inflation, which she sees as a materializing risk
Geopolitical tensions and hawkish Fed minutes keep the dollar supported, capping gains in the pound near 1.3430. The GBP/USD pair traded flat around 1.3430 in Asian hours, remaining near its weekly high as investors hesitated amid mixed signals on US-Iran talks. Optimism o
Wellgistics Health sets a 1-for-50 reverse split effective May 26, 2026, to meet Nasdaq listing requirements. Wellgistics Health (WGRX) will execute a 1-for-50 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on May 26, 2026. The move aims to r
The U.S. insurer priced ¥65.9 billion in yen-denominated debt at a 10-year coupon near 3.482%, mirroring Alphabet’s recent issuance. Aflac sold ¥65.9 billion ($415 million) of yen-denominated bonds in four tranches, tapping strong investor demand for samurai debt. The 10-y
Nexstar loses tens of millions due to merger delay Nexstar Media Group has asked a US appeals court to expedite a review of a lower-court order that halted its merger with Tegna. The delay has resulted in tens of millions of dollars in losses. The merger wa
Saudi Arabia imports more fuel oil due to declining gas output Saudi Arabia is boosting fuel oil imports to use in power generation as its natural gas production declines. The decline in natural gas production is a result of reduced oil output, with the shut-in amount
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