Oil prices surged on Monday following missile attacks by Iran on Israel, raising fears of prolonged conflict in the Middle East. Brent crude futures rose 2.42% to $92.73 per barrel, while U.S. West Texas Intermediate futures gained 2.44% to $95.36. The U.S. President was briefed on the situation, with Iran signaling that a deal with the U.S. is no longer feasible. Meanwhile, OPEC+ agreed to increase oil production targets by 188,000 barrels per day from July, marking the fourth quota hike since the Strait of Hormuz closure, reflecting ongoing supply adjustments amid geopolitical tensions.
GNI Group has agreed to acquire 100% of Ayumi Pharmaceutical Holdings from shareholders led by Blackstone for about ¥44.8 billion. This acquisition significantly expands GNI's commercial footprint in Japan, especially in pain management and rheumatol...
Hong Kong topped global IPO fundraising in 2024 and early 2025, surpassing New York and Nasdaq. However, about half of the 179 companies listed since January 2025 have seen their stock prices drop over three months, underperforming benchmarks. Stocks...
Dorman reported Q1 results affected by peak tariff costs due to FIFO accounting but expects margin normalization and growth by year-end. Management reaffirmed full-year guidance, projecting 7-9% sales growth and operating margins in the high teens by...
Ripple's XRP Ledger is evolving from a simple payment network to a platform supporting tokenized real-world assets like securities, funds, repos, and loans. Ripple CTO Emeritus David Schwartz highlighted that this expansion allows enterprises to issu...
Public Storage's Q1 earnings were boosted by a foreign currency gain, masking underlying declines in revenue and occupancy, with full-year 2026 guidance showing flat to negative growth and a significant debt refinancing challenge amid high interest r...
