OPEC has lowered its oil demand growth forecast for 2026 from 1.4 million bpd to 1.2 million bpd due to ongoing geopolitical tensions in the Middle East. Production from Gulf producers has dropped by over 14 million bpd since the Iran war began, causing a significant loss of over a billion barrels and depleting global inventories rapidly. The International Energy Agency warns of increased price volatility as summer demand peaks, with the situation closely tied to the conflict's impact on the Strait of Hormuz. Market watchers also anticipate the outcome of a meeting between U.S. and Chinese leaders, as China is a major oil consumer affected by the conflict.
Micware Co., Ltd., a Japanese automotive software provider, priced its upsized IPO at $8 per American Depositary Share (ADS), aiming to raise $22.8 million. The IPO includes 2.85 million ADSs and will list on Nasdaq under the ticker MWC starting May ...
Champ AI has emerged from stealth with an $8.5 million funding round led by Redpoint Ventures to revolutionize enterprise operations automation. The company’s platform uses AI agents to automate labor-intensive tasks across browsers, phone calls, and...
Old National Bank has introduced 'Team Old National,' a group of golf ambassadors including PGA TOUR player Michael Brennan and top-ranked amateur Kiara Romero. This initiative aims to boost the bank's visibility and community engagement through golf...
Encore Capital Group priced an upsized €325 million senior secured floating rate notes offering due 2033, with a coupon of three-month EURIBOR plus 3.25%. The proceeds will be used to redeem €215 million of outstanding 2028 notes, repay revolving cre...
Leading cryptocurrencies Bitcoin and Ethereum dropped ahead of the US Senate Banking Committee's vote on the Clarity Act, which aims to clarify crypto regulations. Bitcoin fell below $79,000 before partially recovering, while Ethereum hit an intraday...
