IEA unleashes record oil reserves as Hormuz crisis escalates
The International Energy Agency triggered its largest-ever strategic oil release on Wednesday, flooding the market with 400 million barrels of crude to counter
Business
Investing
Here’s why the ASX 200 Index and AUD/USD are rising this week
The Australian dollar, local bonds, and the ASX Composite are rising this month as the country becomes an unusual haven among investors. The
Investing
USD/TRY forecast: Lira rises ahead of the Turkish Central Bank decision
The Turkish lira rose slightly this week as traders waited for the upcoming CBRT interest rate decision, as the crisis in the Middle
Economy
Best stocks to invest in as Hormuz crisis sends oil majors higher
Oil majors are in the spotlight as the effective closure of the Strait of Hormuz forces traders to reprice supply risk, sending benchmark
Economy
US CPI rises 0.3% in February; Fed seen holding rates
US consumer prices rose moderately in February, suggesting inflation remained contained before a recent surge in energy prices triggered by the conflict involving
Economy
Amazon Zoox taps Uber platform to accelerate robotaxi rollout
Amazon’s autonomous vehicle company Zoox is preparing to bring its self-driving vehicles to the Uber app in Las Vegas this summer. The partnership
Economy
US stocks mixed as Dow dips, Oracle surges on AI, inflation cools
The US stocks opened mixed on Wednesday as the Dow Jones edged lower, while the S&P 500 and Nasdaq posted modest gains. The
Economy
Revolut is close to a UK banking licence: here’s what comes next
After four years of applications, regulatory back-and-forth, and an extended mobilisation period that has broken UK records for its length, Revolut is finally
Gold
Oracle’s massive AI cloud bet draws scrutiny after $50B financing push
Oracle reported its third-quarter earnings on Tuesday, with investors treating the results as an important signal for the artificial intelligence trade. The company
Gold
DIA targets $100B DeFi gap with new oracle for illiquid digital assets
DIA, a blockchain oracle network serving over 250 decentralized applications across more than 60 blockchains, has taken aim at a long-standing pricing problem