Celanese sinks on weak demand outlook despite earnings beat
Celanese shares plunged on Tuesday after the chemicals manufacturer issued a weaker-than-expected forecast for the third quarter, warning of softening…
US inflation holds below 3% with core prices climbing; Fed stays cautious
The US Bureau of Labor Statistics released the July Consumer Price Index report on Tuesday, showing inflation steady at 2.7%…
Brazil’s Lula, China’s Xi pledge closer BRICS cooperation, seek new trade opportunities
On Monday, Brazilian President Luiz Inácio Lula da Silva held a phone call with Chinese President Xi Jinping, which lasted…
Surfing the waves of uncertainty and analyzing key market trends from H1 2025
The first half of 2025 saw global markets oscillate largely between two bookends, i.e. optimism and caution, a trend driven…
SBI shares rise as Q1 profit beats estimates; analysts lift targets
Shares of State Bank of India (SBI) gained more than 2.2% during early trading on Monday after the country’s largest…
Gold slips more than 1% on easing safe-haven appeal; analysts warn of further downside
Gold prices fell more than 1% on Monday on easing safe-haven appeal for the precious metal. “The sharp intraday fall…
Orsted shares plunge 27% as US wind project sale collapses, $9.4B rights issue announced
Shares in Orsted sank more than 27% on Monday, nearing an all-time low, after the Danish renewable-energy group scrapped plans…
JPMorgan sees Fed cutting rates 5 times starting in September
JPMorgan has made a sharp turn in its Fed forecast, now expecting multiple interest rate cuts starting as soon as…
Saudi Arabia likely to cut September crude oil exports to China
Saudi Arabia, the world’s largest crude oil exporter, is poised to reduce its crude oil exports to China in September. …
Denmark’s Orsted seeks $9.4B amid US wind power opposition
Orsted, a Danish wind farm developer, saw its stock decline sharply on Monday after requesting 60 billion crowns ($9.4 billion)…