Iran is in the ‘process of blinking’ over the Strait of Hormuz, Petraeus says
Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.
European stocks highest since March 2 as U.S.-Iran talks continue; euro zone bond yields drop on peace hopes
Stocks in Europe are tracking their Asian counterparts higher after Japan’s Nikkei 225 breached 65,000 for the first time.
Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
Core inflation — which strips out prices of private transport and accommodation — came in at 1.4%, against estimates of 1.7%.
Huawei plans new smartphone chips this fall as rivalry with Nvidia and Apple heats up
Chinese telecom giant Huawei announced Monday a new way of designing chips that improves their capabilities, despite U.S. restrictions on the company.
Oil market at ‘tank bottoms’ in Asia, and Europe isn’t far behind, warns market veteran Jeff Currie
Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said Carlyle’s Jeff Currie.
Beware the boom and bust cycle of memory stocks, investors warn amid AI excitement
“In the long run, it’s a pretty dreadful industry,” William de Gale of BlueBox Asset Management, told CNBC’s Europe Early Edition on Wednesday.
CNBC Daily Open: Trump keeps the world guessing with mixed messaging on Iran deal
While he says that Washington will not rush into a deal, energy stockpiles risk hitting the red zone this summer.
Japan’s Nikkei 225 tops 65,000 for first time as oil falls on Hormuz reopening hopes
Japan’s Nikkei 225 breached 65,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading.
From unbankable to investable: How risk is being repriced across Asia
At the Asian Development Bank’s annual meeting in Samarkand, Uzbekistan, leaders from finance and investment examine how development finance is changing. As governments, nonprofits and private investors take on new roles, the debate is shifting to how …
Space rockets, satellites, data centers and Grok: What’s the right S&P sector index for SpaceX?
What S&P Sector is SpaceX likely to be in once it launches on the public markets.
