Beijing instructs financial institutions to suspend new credit to refiners targeted by Washington, escalating trade tensions. China has ordered domestic banks to pause new lending to oil refiners under US sanctions, according to officials familiar with the matter. The move
A senior aide confirms the White House will avoid favoring specific companies in artificial intelligence development. A top Trump administration official stated the government will not intervene to pick winners in the artificial intelligence sector. The remarks underscore
The U.S. abandoned a Gulf maritime security initiative following pushback from Saudi Arabia, easing regional tensions. President Trump reversed a plan to deploy U.S. forces for maritime patrols in the Strait of Hormuz after Saudi Arabia voiced opposition. The decision foll
Beijing instructs major lenders to suspend new yuan loans to five U.S.-sanctioned refiners, conflicting with its own blocking measures. China’s financial regulator has directed major banks to suspend new yuan-denominated loans to five Iranian oil refiners recently sanction
Beijing instructs lenders to suspend financing for refiners hit by US sanctions, tightening access to capital amid geopolitical tensions. China has ordered domestic banks to pause new loans to refiners under US sanctions, restricting their access to funding. The move targe
BanRep keeps benchmark rate at 13.25% to prevent monetary decisions from influencing upcoming presidential vote. Colombia’s central bank unexpectedly left its benchmark interest rate unchanged at 13.25% in a unanimous decision. Policymakers aimed to avoid politicizing mone
The $1.6 billion deal strengthens Western Midstream's position in the Permian Basin, a key U.S. oil and gas producing region. Western Midstream Partners has agreed to acquire Brazos Delaware Midstream for $1.6 billion, expanding its operations in the Permian Basin. The dea
The company forecasts $40 million in tariff refunds and anticipates Q2 2026 as its lowest profit quarter. Hyster-Yale Materials Handling Inc. expects to receive $40 million in tariff refunds, easing near-term financial pressure. The company projects Q2 2026 as the trough f
ICYMI, NBC with the rep[ort that Saudi Arabia blocked U.S. military use of a key airbase and airspace, forcing Trump to pause Project Freedom, his plan to escort ships through the Strait of Hormuz, within 36 hours of launch. Summary: Trump's Project Freedom, announced over
Negotiations between Washington and Tehran aim to reduce military escalation risks amid rising geopolitical uncertainty. The US and Iran are discussing a potential diplomatic agreement to de-escalate tensions, as the White House seeks alternatives to conflict. The talks fo
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