BP surpasses Q2 expectations with $2.35 billion profit amid upstream strength
BP on Tuesday reported a stronger-than-expected second-quarter profit of $2.35 billion, exceeding analysts’ projections and highlighting a return to form…
Japan faces food security crisis amid record heat and stink bug infestation
On Tuesday, Japan experienced its highest-ever temperature, reaching 41.8 degrees Celsius (107.2 degrees Fahrenheit). In response, the government recommended that…
Gold’s momentum from Q1 slows down; will Fed’s rate cuts hopes help prices reach peak
Gold’s blockbuster rally in the first quarter of this year seems to have dissipated, and gains are expected to be…
Canada trade gap widens to C$5.9 billion in June on one-off US oil equipment import
Canada’s goods trade deficit increased substantially to C$5.9 billion ($4.24 billion) in June, as imports outpaced exports, owing to a…
Brazil central bank holds hawkish line amid US tariff concerns, inflation pressures
Brazil’s central bank signalled on Tuesday it is sticking to a cautious monetary policy stance as it faces the possible…
How Swiss tariffs will affect US customers
Swiss exporters are bracing for the possibility of 39% US tariffs set to take effect Thursday, one of the highest…
Trump’s tariff gamble on chips and drugs could change everything
On August 5, Donald Trump confirmed that the United States will impose tariffs on imported pharmaceuticals. Semiconductor tariffs are also…
Citi raises gold forecast to $3,500/oz amid US economic concerns
Citi increased its three-month gold price forecast to $3,500 per ounce from $3,300 on Monday, citing a deteriorated near-term outlook…
How Donald Trump’s immigration crackdown may tank the labor market
The US labor market is no longer what it was six months ago. Job creation has slowed sharply, hiring data…
Trump’s tariff threat looms over India’s Russian oil deals
Despite warnings from US President Donald Trump about “penalties,” India appears set to continue its imports of Russian oil, presenting…