South Korean prosecutors indict four major refiners over allegations of oil price collusion
South Korean prosecutors on Monday indicted four major domestic oil refiners for violating fair trade laws.
CNBC Daily Open: Trump sees red, prediction markets score and NATO’s defensive
The World Cup takes an extraordinary turn after President Trump’s reported red card intervention.
Why Iran may find it difficult to clear its oil inventories even after sanctions relief
Iran may face challenges in clearing oil inventories even after restrictions have been lifted, amid oil supplies elsewhere while China becomes less enthusiastic
Meta’s woes deepen in India as child abuse ads on Instagram draw government ire
U.S. social media giant Meta is facing an onslaught of regulatory scrutiny in India, which has the largest user base for Facebook, Instagram and WhatsApp.
Gold slips from two-week high on firmer dollar; Fed minutes in focus
Gold reversed course after hitting a two-week high earlier on Monday.
Nvidia’s next-gen AI rack system delayed to 2028 on manufacturing snags, SemiAnalysis says
The reported delay adds to concerns that Nvidia’s breakneck annual release cadence is colliding with manufacturing limits.
Yen to extend historic slump, while AI and energy ‘supply bust’ to support the U.S. dollar: Goldman
Goldman Sachs has turned more bearish on the Japanese yen, arguing that the currency is likely to weaken further even with an intervention.
Lockheed Martin to buy naval defense firm Ultra Maritime for $3.45 billion
Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.
Oil little changed as Saudi cuts prices, OPEC+ boosts target
Oil prices were little changed on Monday after OPEC+ agreed to further increase its output targets from August.
Dollar edges up; keeps yen pinned near 40-year lows
The Japanese yen floundered around four-decade lows on Monday amid mounting intervention risks.
