Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its latest round of airstrikes targeting Iran. WTI crude futures fell half a percent to $89.54. Initial cues from the U.S....
For the second consecutive day, the US military attacked Iran's military surveillance capabilities, communication systems, and air defense sites in the south, calling them "self-defense strikes." Iran responded with strikes targeting US military bases in Bahrain, Kuwait and Jordan. Iran's state media quoted the Islamic Revolutionary Guard Corps as saying that it attacked a US command center in J
The Indian government has summoned the deputy head of the U.S. mission in capital New Delhi in protest against the fatal U.S. attack on an Iran-linked oil tanker in the Gulf of Oman earlier this week. Indian media reported that Nagaraj Naidu, Additional Secretary in India's Foreign Ministry, summoned U.S. Charg d'Affaires Jason Meeks on Wednesday, a day after the Palau-flagged MT Settebello came
European stocks edged higher on Thursday as investors kept a close eye on escalating Middle East tensions and awaited the European Central Bank's (ECB) rate decision for direction. To address rising inflationary pressures, the ECB is likely to raise its deposit facility rate by 25 bps to 2.25 percent...
Commerzbank AG (CBK.DE) on Wednesday raised concerns regarding UniCredit's (CRIN.DE) takeover offer, saying shareholder data continues to show no evidence of institutional investor support despite the offer's acceptance level reaching 10.95%. According to information collected from custodian banks,...
Kemira Oyj (KMRAF.PK) on Wednesday said it has lowered its 2026 profitability outlook, citing higher raw material and logistics costs resulting from the prolonged war in Iran and weaker-than-expected demand in its key customer industries. Kemira now expects full-year operative EBITDA to be between...
ASICS Corporation (ASCCY) said Wednesday that it will transfer its Onitsuka Tiger business to OT Group Corporation, a subsidiary of the company, through an absorption-type company split effective January 1, 2027, to support the continued growth of the luxury lifestyle brand. The Japanese sportswear...
UK house prices continued to decline and sales activity indicators remained negative as challenging macroeconomic conditions weighed on demand but some measures showed signs of stabilization in the property market, the Residential Market Survey results from the Royal Institution of Chartered Surveyors, or RICS, showed Thursday. The house price balance posted -35 percent in May.
South Korea will on Thursday release jobless figures for May, highlighting a light day for Asia-Pacific economic activity. In April, the unemployment rate was 2.8 percent. Malaysia will see unemployment numbers for April; in March, the jobless rate was 2.9 percent. Indonesia will release April...
In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
The U.S. House of Representatives has passed by a narrow majority the Secure America Act, locking in a roughly $70 billion package to fund Immigration and Customs Enforcement and Customs and Border Patrol for the full remainder of the Trump administration's term. Every Democrat in the House and Rep. Kevin Kiley, an independent who caucuses with the Republicans, voted against the bill, but it pas
The UN Security Council met on Monday amid a sharp escalation in hostilities across Ukraine, and UN officials warned that the war has reached its deadliest point since Russia's full-scale invasion in 2022. Briefing members, Rosemary DiCarlo, Under-Secretary-General for political affairs, said recent months had seen some of the most extensive aerial attacks of the conflict, while the humanitarian
Asian shares ended mixed on Thursday after steep losses on Wall Street overnight. Middle East tensions and rate hike expectations kept investors on edge, but overall losses were limited after the U.S. military said that it had "completed" its latest round of airstrikes targeting Iran. The dollar held...
European stocks may open lower on Thursday amid U.S.-Iran tensions and interest-rate hike concerns. Technology stocks could be in focus after Oracle reported quarterly capital expenditure that exceeded estimates. Brent crude futures traded over 1 percent higher above $95 a barrel, paring some earlier...
Shares of Navan, Inc. (NAVN) were climbing around 17 percent in the pre-market activity on Nasdaq, after the business travel and expense platform raised fiscal 2026 outlook, after reporting sharply narrower first-quarter net loss as revenue growth accelerated on stronger travel bookings. Net loss...
Despite lingering concerns about tensions in the Middle East, the UK stock market moved firmly higher Thursday morning, riding on gains in mining and financial sectors.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.
Sentiment in global markets remains broadly positive as markets reacted to the escalation in hostilities between the U.S. and Iran, as well as the announcements by the U.S. of an end to its attacks on Iran.
June's FDA calendar offers plenty for investors to keep a close eye on. Among the key names are Spero Therapeutics, awaiting an FDA decision on its antibiotic for complicated urinary tract infections; Kiniksa Pharma, seeking approval for a technology transfer of the manufacturing process for Arcalyst drug substance; and Merck, pursuing the first FDA approval for its WELIREG - KEYTRUDA combination.
The monetary policy announcement from the European Central Bank is the top economic news due on Thursday. At 2.00 am ET, Statistics Sweden publishes inflation data for May. Economists forecast consumer prices to grow 0.8 percent on a yearly basis, in contrast to the 0.1 percent fall in April.
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of May. The Labor Department said its consumer price index rose by 0.5 percent in May after climbing by 0.6 percent in April. The price growth matched expectations.
A major new review published in Critical Reviews in Food Science and Nutrition has looked at common beliefs about how much protein people need and the health benefits it provides. The study, titled Examining Widely Held Propositions on Human Dietary Protein Needs and Benefits, was based on an international...
The U.S. Food and Drug Administration has added bemotrizinol to the list of permitted sunscreen active ingredients, marking a significant milestone in the agency's efforts to advance sunscreen innovation. Bemotrizinol is the first new active ingredient added to the over-the-counter sunscreen monograph...
Seed Junky Genetics, known for its cannabis genetics and intellectual property, is breaking into the European medical cannabis scene, teaming up with Green Success Group to kick off operations in Germany and the UK.
A recent case report revealed that an 80-year-old woman with Alzheimer's disease showed improvements in her cognitive abilities after receiving several doses of psilocybin-containing mushrooms. The report, published in the journal Frontiers in late May, focused on a Japanese American woman who has...
Tech major Oracle Corp. issued first-quarter outlook expecting higher results, and raised fiscal 2027 earnings view, after reporting significant growth in fourth-quarter results driven by Cloud Infrastructure & Cloud Applications. Meanwhile, the shares were losing around 10 percent in the pre-market activity on the NYSE, after the firm said it expects to raise around $20 billion more...
A U.S. district judge has given the green light for a proposed $38 billion settlement tied to Visa Inc. (V) and Mastercard Incorporated( MA), stemming from a long-standing antitrust lawsuit filed by over 12 million merchants concerning credit card processing fees.
Honda Motor Co Ltd. (HMC) is recalling more than 880,000 SUVs and pickup trucks in the U.S. due to a rear suspension problem that could raise the risk of a crash.
General Motors Company (GM) is ramping up its battery and energy storage plans to tap into the increasing demand for electricity, particularly fueled by artificial intelligence and the rise of data centers.