The FTSE 100 index fell 18 points to 10,476, with gains in defence stocks offset by declines in oil, mining, and utilities sectors. UK inflation held steady at 2.8%, easing pressure on the Bank of England to raise interest rates soon. The recent drop in oil prices, influenced by a tentative US-Iran ceasefire deal, has reduced near-term inflation concerns but markets remain cautious due to ongoing global uncertainties. Investors are watching upcoming Federal Reserve and Bank of England meetings for further policy signals.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
