Tehran rejects Trump’s terms and prepares its own amendments, signaling no imminent agreement as negotiations continue. Iran will present its own amendments to the US-proposed draft deal, rejecting President Trump’s terms as insufficient for acceptance. An informed source
Beijing pushes banks to integrate e-CNY into fiscal spending, lotteries, and Belt and Road transactions to reduce dollar dependence. China’s central bank is accelerating the adoption of its digital yuan, or e-CNY, through policy incentives and directives to banks. Measures
A 60-day ceasefire extension and eased shipping restrictions in the Strait of Hormuz weigh on safe-haven dollar demand. The dollar fell against major currencies Friday, poised for a weekly loss after the US and Iran agreed to extend their ceasefire by 60 days. The deal inc
Tehran insists no nuclear commitments have been made to Washington amid ongoing diplomatic exchanges, raising uncertainty over negotiations. Iranian officials stated that discussions with the United States remain active but emphasized no nuclear agreements have been reache
Oil traders are juggling headlines, they are pretty accustomed to it! Iran's president resigns, says IRGC seized control and cut him out of decisions Iran's Government Information Council says Pezeshkian is actively running the country and the story is foreign propaganda d
Iranian President Pezeshkian has resigned (media sources), telling Supreme Leader Khamenei the IRGC had seized control of all major decisions and rendered elected civilian government unworkable. Oil is higher on Globex to open the new week Summary: Iranian President
The deal marks Berkshire's first major takeover since Warren Buffett stepped down as CEO at the end of 2023. Berkshire Hathaway will purchase homebuilder Taylor Morrison Home Corp for $8.5 billion, its first acquisition since Warren Buffett's departure as CEO. The all-cash
The three-month conflict has triggered historic supply disruptions, lifting oil and gas prices to elevated levels with daily volatility. Global oil markets have lost 1 billion barrels of supply in the first 90 days of the Iran conflict, marking the worst disruption in hist
Nvidia plans $150 billion yearly spending in Taiwan to bolster AI chip production and deepen ties with key semiconductor manufacturers. Nvidia will invest up to $150 billion annually in Taiwan as part of its long-term AI strategy, CEO Jensen Huang announced. The move marks
Apple, Nvidia, and BlackRock leaders join US delegation to China, emphasizing industrial collaboration over traditional trade flows. A high-profile US business delegation to China, including Apple CEO Tim Cook and Nvidia founder Jensen Huang, underscored a strategic pivot
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