The price of Brent crude oil has crossed $100 a barrel Tuesday amid conflicting reports on potential U.S.-Iran talks on ending the conflict.President Donald Trump said on Monday that he will "postpone any and all strikes against Iranian power plants and energy infrastructure" for five days following "productive conversations" regarding a "complete and total resolution" to the conflict.The relief f...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.