Finance news

Trump Tells Gasoline Retailers to Cut Prices Immediately

In a statement posted on his Truth Social page on Tuesday, U.S. President Donald J. Trump ordered U.S. gasoline retailers to cut their prices 'immediately'.

KKR and SK Launch South Korea’s Largest Renewable Energy Platform

Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip manufacturing. KKR and SK Inc are creating the platform, valued at about $1.3 billion, or 2 trillion South Korean won, to combine 1.7 gigawatts (GW) of clean energy capacity in operation and a pipeline of projects in development that would boost the platform’s total capacity to 10 GW, the investmen

Working in retirement: Why high earners continue to work voluntarily

Politicians are still discussing how long we have to work. Many retirees have been hanging on for a few years now – and enjoying it. How do they do that?

Africa: Flood disaster in Ghana

At least twelve people have died in floods in Ghana. Many more are missing. The disaster was caused by heavy rains that flooded large parts of the country, including the capital Accra.

Need advice regarding small inheritance allocation and future strategy

Hello ! Long-time lurker, first time contributor to the sub. I need some advice and probably some reality check if my long-term strategy is good and whether I should change anything about me. About me - 37, married with 2 kids (5 and 1), no other debts apart from mortgage (100k eur left with 2.4% interest, payment is around 600/month). Take home money is at around 4k with a prospect of increasing to 4.5 - 4.8 by the end of year. I currently have around 4.5k in VWCE (started late with this one) a

Thailand’s Bangchak fuels North Asia push with HK$2.1b Caltex petrol stations deal

One of Thailand’s largest energy conglomerates has bought Caltex petrol stations in Hong Kong in a HK$2.1 billion (US$270 million) deal, which the firm will use as a springboard into North Asia. Semi-privatised Bangchak Corporation Public Company on Tuesday completed the acquisition of 100 per cent of the shares of Chevron Hong Kong from Chevron Companies (China), according to a Bangchak statement. A source told the South China Morning Post that the sale was driven by a combination of factors,..

Survey of companies: German companies are holding back on investments

Many companies see a need for investment, but fewer and fewer are actually putting money into their hands. In a difficult economic situation, there is a lack of courage and reliably available credit.

Oil's Softening Trend Continues

Standard Chartered Bank Energy Research Head Emily Ashford noted that oil's 'softening trend' had continued 'as the return of easy barrels outpaces demand recovery'.

Goldman Sachs Warns Oil Inventory Rebuild Won’t Prevent 2027 Supply Glut

The coming global race to rebuild depleted oil inventories will not be enough to offset a massive glut that’s coming to the market next year, as traffic through the Strait of Hormuz appears to be headed toward normalization, according to Goldman Sachs. Stockpiles of crude and refined petroleum products in many parts of the world have been depleted to multi-decade lows after governments raced to release strategic stockpiles in March after the Middle East crisis trapped millions of barrels of dail

ADNOC, Eni Acquire Stakes in Argentina LNG Blocks

The Vaca Muerta upstream assets are planned to supply feed gas to 2 floating liquefaction facilities with a combined capacity of 12 MMtpa.

Defense: Türkiye tightens security precautions ahead of NATO summit

Turkey is relying on maximum security for the NATO summit. Host Erdogan is using the appearance to portray Turkey as an indispensable ally.

Oil prices wobble as breakdown in U.S.-Iran talks casts doubt over peace process

Oil prices were lower on Wednesday after Iran said it would not meet with U.S. delegates for talks in Qatar, amplifying concern about the peace process.

What is the percentage split in your cash account at TR between overnight money and liquidity funds?

Last month I finally started moving most of my money from my local bank's money market account to my TR cash account. I got less than 0.6% interest from my bank, so it made sense for a long time. There is now a medium 5-digit amount in TR's cash account and gives me a lot more interest. I was aware in advance that with TR not all of the money was stored safely at a partner bank, but parts were also stored in a liquidity facility

America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars

U.S. companies are set to spend some $50 billion on power generation from coal and natural gas this year, the International Energy Agency has said, as quoted by the Financial Times. This would be the first time in decades that U.S. spending on coal and gas generation would be higher than what China is investing in the two fuels, with the difference at $3 billion. The surge in spending will come mostly from much stronger demand for gas turbines amid a data center boom in the United States, the FT

Himalayan pass reopens as ‘goodwill’ gesture in China-India thaw

China and India resumed cross-border trade through the Lipulekh Pass in the Himalayas last week in the latest sign of a cautious rapprochement between the two countries. The reopening of the pass near the contested India-China-Nepal border after six years came shortly after Chinese Foreign Minister Wang Yi’s visit to New Delhi. It was described by analysts as a goodwill gesture from Beijing, but they warned that the long-standing border dispute and strategic rivalry would continue to weigh on...

Monetary policy: Bundesbank boss Nagel: “Inflation is still too high”

As the Iran war has eased, oil prices have fallen sharply and the pressure on inflation is falling. The ECB should still stay the course, says Nagel. He expects more inflation when the fuel discount ends.

US Makes Progress in Indirect Talks on Iran Deal

U.S. negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official.

Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion

Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy and Ridgewood Energy, with the price tag at $1.7 billion, the supermajor said. According to Shell’s partner in Na Kika, BP, the deepwater platform off the Louisiana coast is one of the most prolific production hubs in the Gulf, linked to eight fields, and can produce up to 130,000 barrels of crude daily. Along with Shell’s 50% interest in Na Kika, Talos and Ridgewood will also buy the compa

North Sea oil and renewables: The UK’s next PM faces a defining energy policy decision

Andy Burnham could face an early test over North Sea oil drilling as energy shocks revive the UK energy security debate.

Pakistan approves final link in 1,600-km national oil pipeline

CNBC Daily Open: Anthropic unbound, Trump's finances and crude realities

AI giant Anthropic has been cleared to redeploy models after the Trump administration lifts export controls.

Oil Prices Reflect Optimism That Hormuz Has Yet to Justify

Crude oil prices ended the second quarter of the year with the steepest decline since 2020, with Brent shedding close to 40% on optimism about a peace deal between the United States and Iran. But it may be too early to celebrate, ING commodity strategists said today. Traffic in the Strait of Hormuz is still far from pre-war levels, Warren Patterson and Ewa Manthey wrote, adding that “Total tanker crossings, which include both inbound and outbound movements, are estimated at around 11 on Tuesday,

Oil price: Fuel prices will initially rise without a refueling discount

The fuel discount ends. At the same time, the prospect of peace in the Middle East could make energy cheaper. What this means for refueling and heating with gas.

The entrepreneur talk: Rare earth traders: “The Americans and Japanese are currently buying up the market”

Andreas Kroll has been trading rare earths, the “cocaine of the industry,” for twelve years. The dependency of many sectors is great, he says in the interview, but it can be cured.

LNG market disruption may continue for months as a top producer withholds some Italian shipments

QatarEnergy extended its force majeure, withholding four additional liquefied natural gas cargoes until September.

Hong Kong tech chief warns AI will unleash ‘greatest industrial revolution’

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong’s tech chief has warned that AI will “exceed all previous industrial revolutions” and heavily impact graduates and workers in traditional sectors, while pledging to accelerate training and industry development to create new jobs. Secretary for Innovation, Technology and..

Xi Jinping meets foreign leaders: tracker, June 2026

Chinese President Xi Jinping hosted the leaders of Laos, Myanmar, Cambodia, Bangladesh and Belarus in June. He also travelled to North Korea on his first overseas journey this year and his first visit to Pyongyang since 2019. In total, 20 national leaders have met Xi in Beijing this year, including US President Donald Trump and Russian leader Vladimir Putin. The long list shows China’s growing global influence amid rising geopolitical tensions. Xi may meet Trump three more times this year. He...

India’s ruling party risks being sucked into Uttar Pradesh temple donation probe row

An investigation into alleged financial irregularities at a Hindu temple closely associated with Indian Prime Minister Narendra Modi is threatening to tarnish one of his party’s signature projects. Two office bearers at the Ram Temple in Ayodhya have resigned, while police arrested eight officials of the trust managing the site after allegations of embezzlement surfaced earlier this month, a person familiar with the matter said, who asked not to be identified because the investigation was...

Iran says it is selling oil at 20% premium as end of U.S. blockade sees 40 million barrels exported

The ceasefire prompted a surge in crude shipments through the Strait of Hormuz, where traffic had largely ground to a halt during the conflict.

Will slowing car sales in China reignite brutal price war in crowded market?

In the most bearish Chinese car market forecast by an international bank or consultancy, AlixPartners has predicted that deliveries will fall by 10 per cent this year on the back of a shaky economy and softening government support. Weak buying interest was likely to fuel a brutal price war that would ensnare nearly all the country’s 100-odd carmakers, the global consultancy added. It forecast that 24.6 million light vehicles would be delivered by Chinese carmakers this year, with 10 million of..