Finance news

Hong Kong property sales more measured as interest rate increase looms

Hong Kong homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely. Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at Wong Chuk Hang MTR station sold on Thursday. The two-bedroom units had saleable areas ranging from 484 to 546 sq ft, with prices starting at HK$13.4 million (US$1.7 million) after discounts. With.

South Korean police detain 12-year-olds in rare crackdown on young offenders

South Korean police have taken the rare step of placing three 12-year-old boys in juvenile facilities after they allegedly stole cars and drove without licences in two separate incidents within a week, underscoring growing concern over serious offences committed by children too young to face criminal prosecution. Police in Cheonan, a city about 90km south of Seoul, said on June 17 that the boys had been placed in juvenile protection facilities following a series of car thefts in May. “These...

China’s ‘soy sauce’ intestinal detox scam swindles over 100 seniors out of US$1.5 million

A Chinese health centre scammed more than 100 elderly people out of a total of over 10 million yuan (US$1.5 million) by putting soy sauce in an intestinal cleaning liquid to dupe them into thinking they had toxins in their bodies. The Beijing police have arrested more than 30 people involved on suspicion of fraud. They cracked the case after the family of a woman in her 60s discovered she had spent 700,000 yuan (US$104,000) in the health centre. The victim, surnamed Li, bought numerous expensive

At least 6 oil tankers sail through Hormuz following US-Iran deal

Forget Critical Metals, Electricity is The Real Bottleneck for Artificial Intell

The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades. Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium—once written off—has clawed its way back to $1,350. Add an unstable geo

War against Ukraine: EU extends Russia sanctions by twelve months for the first time

EU sanctions against Russia previously had to be extended unanimously every six months. This held the potential for blackmail for critical states. A change of government now brings a new situation.

Europe Has Entered The Nuclear Golden Age Amid AI Boom

Nuclear power is experiencing a massive revival across Europe, with the regulatory environment shifting decisively in its favor thanks to surging electricity demand from the AI and data center boom, climate goals, volatile global energy markets and the urgent need for structural energy independence. It’s a big wishlist, and nuclear may be the fastest way to realize it. Massive power demand by the tech giants and hyperscalers is exceeding traditional grid capacities in Europe and the United State

SpaceX is now falling rather than rising, who would have expected that?

https://preview.redd.it/syg81h45f48h1.png?width=1449&format=png&auto=webp&s=038325ded02404725ba308b87201732b4b2addd9 To those who have invested. Still satisfied or more? submitted by /u/olluz [link] [comments]

Cuba unveils historic package of free-market reforms

Cuba on Thursday unveiled nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a US oil blockade. In a landmark speech to the National Assembly, Prime Minister Manuel Marrero detailed 176 measures aimed at rolling back the state’s role in the economy and attracting investment in everything from banking to tourism and agriculture. These huge changes also come as the United States exerts strong pressure on Cuba aside from the oil...

First Oil Sands Project in 10 Years Starts Production

The first new oil sands project in Alberta since 2014 has started commercial production, aiming for a daily average of 80,000 barrels once it ramps up. The Blackrod project, led by International Petroleum Corp., moved to the first phase of production despite the peak oil demand narrative that has dominated the past decade, especially in Canada. Canadian oil sands have been in the focus of transition attention as especially energy-intensive, meaning emission-intensive, and as a high-cost way of e

Europe's highest dividend payers, and the dynamic behind why they pay so much

Disclosure: I work at Obermatt, a Swiss equity research firm, sharing this because it's a useful angle for anyone building dividend income into a portfolio. Pulled the European stocks sitting at the very top of Obermatt's Dividend Yield rank, and what stood out wasn't the yields themselves, it was what these companies actually do. A carmaker, a fleet of oil-product tankers, a tobacco-distribution network covering most of Southern Europe, a water utility in the southwest of England. Mature, cash-

Court Ruling Deals Major Blow to Trump's War on Wind Power

Donald Trump has been battling wind turbines in the court of public opinion and in actual court for over a decade now. Trump has railed about “windmills” repeatedly over the course of his presidential term and campaign trails, calling the technology “so pathetic and so bad” before proudly declaring that no wind power will be approved on his watch. “I can proudly say [...] that we have not approved one windmill since I’ve been in office. And we’re going to keep it that way. My goal is to not let

Oil Slips as Hormuz Traffic Resumes

Markets expect Middle East oil flows to recover, though analysts warn supply risks remain.

Germany Considers Extending Oil Reserve Relief Despite Falling Prices

Germany may be getting cold feet about ending its oil reserve waiver. Berlin said this week it is considering extending a temporary reduction in national oil stockpiling requirements beyond the current August 31 deadline, even as markets celebrate the U.S.-Iran agreement and the expected reopening of the Strait of Hormuz. Officially, Germany insists there are no physical shortages. That's true. But governments generally don't keep discussing emergency measures when they're completely comfortable

How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices

Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as the end of the worst of the Middle East crisis. The deal is actually just the beginning of long processes of negotiations, a reopening of the Strait of Hormuz, recovery of the more than 13 million barrels per day (bpd) of shut-in oil production in the Middle East, and a world so low on inventories – except in China – that refilling these will support oil prices for months to come. If the deal holds. Every

Help Me Understand This Issue With Robinhood

Over the years I had purchased the stock (CUBE). Had a total of 29.485104 shares. I tracked every cent that I purchased in this stock from the moment it leaves my bank account, to the investment account (uninvested cash) to finally purchasing the stock. The total reaches exactly $1200.00 of how much money I put into the stock. I never sold a portion of the stock since I started buying it till now when I sold all at the price of $41.01. It says realized profit is $15.22 with a $0.03 regulatory fe

The Iran oil shock taught traders these key lessons about demand and China

Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago.

Republicans blast Iran agreement as details emerge

One Republican senator called the framework pact announced this week the “worst foreign policy blunder in decades.”

Three Saudi oil tankers carrying 6 million barrels cross Strait of Hormuz

The Saudi tankers switched their transponders on Thursday after hiding their location for more than two months.

Shipping Costs Soar as Hormuz Crisis Reshapes Global Trade

The Middle East war has upended global shipping, raising bunker fuel costs, altering trade routes, and forcing shippers and their container cargo customers to adapt to a new reality. Soaring costs of marine fuels have brought forward the peak cargo shipping season to the spring, ahead of additional fuel costs that vessel owners will roll into annual contracts as of July 1. As a result of the expected higher fuel costs and in anticipation of potentially higher U.S. tariffs on imported goods as of

Exclusive: EU prepares tariffs on Chinese plug-in hybrids

Hybrids are exempt from the current tariffs against Chinese car manufacturers. Now the EU Commission wants to close this gap. The EU heads of government could approve the project at the summit.

OPEC’s Oil Demand Bet Is on India, Not Europe

Every year, OPEC releases a long-term outlook that says oil demand will keep growing. Every year, critics roll their eyes. This year, OPEC doubled down. In its World Oil Outlook 2026, the producer group said global oil demand will climb from 105.1 million barrels per day in 2025 to 113.3 million bpd by 2030 and top 124 million bpd by 2050. More importantly, OPEC says there is still no peak oil demand in sight. That's a bold claim in a world where EV sales dominate headlines, governments continue

Thoughts on this small soft commodities investment via WisdomTree ETCs? (Sugar 3x, Wheat 3x, Soybean 3x, Cotton hedged + existing Coffee 3x)

Hey folks, I've got a bit of Coffee 3x already (around 3k) and I'm thinking of adding some more to round out a small agri/commodities bucket. Planning to pick up: Sugar 3x for 750 Wheat 3x for 750 Cotton hedged for 750 Soybean hedged 3x for 750 So total around 6k in these softs. It's just a side slice of the portfolio, nothing crazy. The idea is some exposure to stuff that might jump on bad harvests or supply stuff, plus the hedged ones work better for EUR. Is this a decent investment idea? subm

Why this year's World Cup is happening at the perfect time for struggling Nike

The World Cup might be the boost Nike needs to jumpstart its business.

Japan's Cosmo sticks with Middle East oil, betting on Hormuz reopening

Azerbaijan Moves Into Uzbekistan’s Fast-Growing Mining Sector

Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism. Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterpart, Ali Asadov, presided over a signing ceremony on June 16 in Tashkent of a cooperation agreement under which the two countries will jointly develop an Uzbek gold deposit as well as other mineral resources. Ural Yusupov, Uzbekistan’s deputy mining minister, previously indicated that Tashkent was i

Iran War: The Triumph of the Mullahs – and its expensive consequences for the global economy

The US President presents himself as a peacemaker, the Europeans applaud. But that cannot hide the fact that the pact in its current form means a strengthening of Iran.

Oil Prices Are Crashing. Inventories Tell A Different Story.

Oil traders have gone from pricing in the worst supply disruption in modern history to pricing in a recovery that hasn't happened yet. Inventory data suggests they’re getting ahead of themselves. Brent crude fell below $77 per barrel on Thursday, the lowest level since the early days of the Middle East war, after the United States and Iran signed a memorandum of understanding aimed at reopening the Strait of Hormuz and launching 60 days of negotiations toward a broader agreement. The market's ve

Inside the wild week for SpaceX and the traders who pushed up its stock price

Also in Weekend Reads: A contrarian energy investment play as oil prices fall, credit advice for Gen Z and advice from the Moneyist.

Sweden Picks Rolls-Royce for First New Reactor Since the 1980s

Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first new nuclear plant in more than forty years. The multibillion-pound export win, actively supported by UK government trade efforts, lands on top of existing deals in the UK and Czechia and makes Rolls-Royce the only SMR developer with multiple binding commitments across the continent. We tracked when