Boaz Weinstein’s Saba pauses activism against 9 UK funds after Herald deal
Saba Capital, the hedge fund led by Boaz Weinstein, has agreed to a three-year pause to its activist campaign against nine London-listed funds
Gold and silver’s historic rally could resume ‘as fog of war lifts’, market watchers say
On Thursday, spot gold jumped 1.2% to $4,750 per ounce amid hopes that the U.S. and Iran could be nearing a deal to bring the 69-day war to an end.
How the U.S. military and Maersk got a ship to pass through the Strait of Hormuz
Maersk CEO Vincent Clerc said the shipping giant had deliberately taken a “very cautious approach” during the Middle East crisis.
EU weighs restricting use of U.S. cloud platforms to process sensitive government data, sources tell CNBC
There have been increasing calls within Europe for the region’s most critical workloads to diversify away from dominant U.S. cloud providers.
Japan may have fired its yen bazooka twice, but markets are testing Tokyo’s resolve
Japan’s Ministry of Finance has intervened in the yen over the country’s Golden Week holiday.
Norway’s central bank raises interest rates to curb inflation; European stocks end lower
The pan-European Stoxx 600 index ended Thursday’s session in the red, reversing morning gains.
Maersk shares drop as CEO warns Iran war will have bigger impact in coming months
The shipping giant said the Iran war had introduced an “additional layer of uncertainty” as it reported first-quarter earnings on Thursday.
Shell tops profit estimates as Iran war boosts oil price, cuts share buybacks
Britain’s Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
Asian Development Bank’s $70 billion energy and digital infra push puts Southeast Asia center stage
Southeast Asia to benefit significantly from Asian Development Bank’s $70 billion new energy and digital infrastructure plan in Asia and the Pacific by 2035.
CNBC Daily Open: Iran reviews ‘one-page peace plan’
Iran reviews the latest peace plan proposed by the U.S., as investors remain optimistic about the developements.
