Foreign demand for US investment-grade corporate bonds has remained strong for 15 consecutive months, according to a note by Citigroup, as cited in a Reuters reports. Overseas investors are increasingly rotating into technology, media and telecom (TMT) debt while reducing exposure to financial bonds. This trend comes despite recent concerns over rising corporate debt levels,
In a seismic shift for the global oil market, the United Arab Emirates has confirmed its exit from OPEC and OPEC+, effective May 1. The move, announced Tuesday by the country’s state news agency WAM, ends nearly six decades of membership and removes the cartel’s third-largest producer, marking one of the most consequential departures in
Standard Chartered said on Tuesday it has launched a new framework allowing institutional clients to use BlackRock’s tokenised short-term US Treasury fund as collateral on the crypto trading platform OKX. The lender has partnered with BlackRock and OKX to enable VIP and institutional clients on OKX Middle East to use the BlackRock USD Institutional Digital
Semiconductor stocks declined sharply on Tuesday, with Nvidia and its peers coming under pressure after fresh concerns emerged about the financial trajectory of OpenAI. Nvidia shares fell about 1.5% in trading, reversing some of the previous session’s gains when the stock closed at a record high after rising 4%. The chipmaker had recently broken out
Wall Street’s main indexes were muted on Monday, as stalled peace talks between the United States and Iran and rising oil prices kept investors cautious ahead of a crucial week for earnings and monetary policy. The S&P 500 slipped about 0.04%, while the Nasdaq Composite declined 0.28%. On the other hand, Dow Jones Industrial Average
Shipping data on Monday indicated that at least seven vessels, primarily dry bulk carriers, traversed the Strait of Hormuz over the last 24 hours. This level of activity is consistent with the subdued pace observed recently, occurring as talks between Iran and the United States remain stalled. According to ship tracking data from Kpler and
Arbitrum’s ecosystem is at the center of a major DeFi recovery effort, with leading protocols urging the Arbitrum DAO to unfreeze roughly 30,766 ETH (worth about $71 million) linked to the Kelp DAO exploit. With the funds now locked in a DAO-controlled address, decision-making power has effectively shifted to Arbitrum governance. DeFi players urge Arbitrum
Qualcomm stock price surged by over 12% on Monday as investors cheered a potential partnership with OpenAI ahead of its much-anticipated financial results on Wednesday this week. QCOM jumped to $160, its highest point since January 2026 and 29% above its lowest level this year. Qualcomm partnership with OpenAI The QCOM stock price soared after
Oil prices edged up more than 2% on Monday as peace talks between the US and Iran stalled, while shipments through the Strait of Hormuz remained muted. Gold and silver dropped as energy prices climbed sharply, raising fears about higher inflation and elevated interest rates. The metals market is experiencing a subdued opening to the
US President Donald Trump is dispatching envoys to Pakistan in a renewed push for talks with Iran, even as uncertainty persists over diplomatic progress. Google is deepening its artificial intelligence push with a multibillion-dollar investment in Anthropic, underscoring the intensifying race for computing infrastructure. Intel shares surged after stronger-than-expected earnings signaled improving momentum in its