Independent refiners in Shandong reduce operating rates to 50% amid tanker disruptions and shrinking margins. Independent refiners in China’s Shandong province have slashed operating rates to 50%, down from 55% in April, as the Strait of Hormuz crisis disrupts crude flows
Silver price falls to $84.80 Silver has accelerated its reversal in the early European session on Tuesday, trading at $84.80. The reversal comes after rejection at two-month highs right above $87.00 earlier. The market sentiment has soured, leading to the decline
GBP/USD slides toward trendline support below 1.3600 GBPUSD is losing ground below the 1.3600 handle, eyeing support at the medium‑term ascending trendline. The pound is under pressure against the dollar amid domestic political uncertainty, lingering Middle East tensions,
April inflation data exceeding 3.8% consensus could force the RBI to hike rates further, weakening the rupee against the dollar. India’s April Consumer Price Index (CPI) release poses significant upside risks to the 3.8% year-over-year consensus, driven by higher energy pr
Aave proposes moving $71 million in frozen ether to its custody amid legal disputes with North Korean terrorism creditors. Aave has launched a binding Arbitrum governance vote to transfer $71 million in disputed ether to its custody. The proposal follows a court order auth
The pair trades near 1.3570 as the US Dollar gains amid geopolitical risks and ahead of key US inflation data. The GBP/USD pair fell 0.3% to 1.3570 in European trading on Tuesday, pressured by a stronger US Dollar. Risk aversion drove demand for the Greenback after reports
Joint intervention by US and Japanese authorities targets excessive forex volatility, briefly strengthening JPY against USD. US Treasury Secretary Scott Bessent confirmed coordinated action with Japan to address excessive currency market volatility. The move follows high-l
Germany's inflation rate increased to 2.9% in April Germany's annual inflation rate rose to 2.9% in April, driven by a sharp rise in energy prices. The increase in energy prices, which surged 10.1%, contributed to the highest inflation reading since January 2024.
The Euro climbs against the Pound as UK political uncertainty weighs on GBP while ECB hawkish signals support EUR. The EUR/GBP pair advanced to 0.8665 in early European trading on Tuesday, extending gains as political instability in the UK pressured the British Pound. Mark
The filing follows the SEC ending its review of privacy coins without enforcement action, easing regulatory concerns. Grayscale Investments has applied to convert its Zcash Trust into a spot ETF, which would mark the first such product tied to a privacy-focused cryptocurre
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