Finance news

US Strikes Iran for 2nd Straight Day

U.S. Central Command said its forces completed another round of strikes 'to further degrade' Tehran's ability to attack commercial shipping in the Strait of Hormuz.

TotalEnergies Ships First LNG Cargo from Mexican Pacific Coast to Asia

'TotalEnergies will be the sole offtaker of LNG during the ramp-up phase'.

Global economy: China's producer prices rise the most in four years

China's exports benefit from the AI ​​boom. However, the domestic economy is not gaining momentum and geopolitical crises are causing higher producer prices.

INPEX Starts Appraisal Drilling for Japan CCS Project

Metropolitan CCS, a joint venture of INPEX and Kanto Natural Gas Development, began drilling an appraisal well for a carbon capture and storage project planned to serve industrial emitters in the Greater Tokyo Area.

ADNOC Scores 15-Year Deal to Supply 1 MMtpa of LNG to INPEX

Nearly 23 percent of Ruwais LNG's 9.6 MMtpa capacity has been offtaken by Japanese customers, ADNOC said.

Iran War: After renewed escalation, oil prices are rising

Oil prices rise again after attacks in the Persian Gulf. The focus is on the Strait of Hormuz, a central bottleneck for the global energy market.

Chinese man awarded US$73,500 for video featuring Tibet’s beauty, garnering 21 million likes

The tourism authority of Tibet has announced a 500,000-yuan (US$73,500) award for an online influencer whose viral road trip video promoted local tourism and garnered millions of likes The blogger, who goes by the handle @Liyaode, released the video on July 4 showing he had hailed a taxi to go from Chongqing, in southwestern China, where he lives, to Lhasa, capital of the Tibetan autonomous region, a distance of 2,200km. It received 15 million likes within a day, the Jiupai News reported. The...

China's detention of 2 Japanese highlights risks from whistleblower program

Chipmakers are preparing for years of expansion: Applied Materials CEO

Thai court greenlights government's $12bn emergency borrowing

Berlin election: Berlin Young Union calls for Wegner to withdraw

The head of the Junge Union in Berlin sees the credibility of the governing mayor damaged. He is calling for a new beginning at the top for the House of Representatives election.

It costs a record US$99,700 to buy a small car permit in Singapore

The right to own a small car in Singapore climbed to a record high of S$129,000 ($99,700), with analysts saying premiums could rise further as rebates for electric vehicles come to an end. The price of a Category A certificate of entitlement (COE) meant for smaller cars and EVs advanced by 4.2 per cent in Wednesday’s bidding exercise from the previous round on June 17. Premiums for larger and more powerful cars in Category B jumped 6 per cent to S$130,889. The surge in premiums comes ahead of...

KfW in the “conversion phase”: surprisingly, heating subsidies are already being cut

Funding for the installation of climate-friendly heating systems is set to decrease significantly. Only very specific consumers now have a chance to use the old conditions - but they have to be very quick to do so.

Streaming services: US states apparently want to sue against Paramount takeover

A major takeover is coming to Hollywood. US states want to take legal action against this. How they justify this step.

U.S. LNG Exporter Reaps Windfall as Middle East Turmoil Drives Fees Higher

Venture Global has reported a 69% increase in its liquefaction fees over the second quarter of the year, to $6.45 per million British thermal units, up from $3.82 per mmBtu in the first quarter amid the war-related LNG flows disruption in the Middle East. In a regulatory filing cited by Reuters, the U.S. LNG major said it had generated revenue from sales totalling 466.4 trillion thermal units in the second quarter, down from 480.8 TBtu in the first quarter. Venture Global is a big player on the

Airplane: Navy collects debris from Boeing - search for crew

A Pakistani cargo plane crashes into the Arabian Sea. After twelve hours of searching, the first pieces of rubble were found. What about the crew?

Auto industry: Supervisory board discusses the future of Volkswagen

After protests, the car manufacturer wants to reposition itself. It is also about the question of whether four vehicle factories in Germany will exist in the long term.

AI infrastructure: Meta is building a data center in Canada

Canada promotes AI companies with cool temperatures and green electricity. The Facebook parent company now wants to build a data center in Alberta.

Iran War: USA attacks around 90 targets in Iran

More explosions in Iran, counterattacks on US bases in the Gulf: The dispute over the Strait of Hormuz is causing the ceasefire to shake. What will happen to the negotiations?

Fed minutes: US central bankers are increasingly concerned about inflation

Inflation is weighing on consumers in the US. Warsh wants to create price stability with reforms. Can this succeed despite the Iran crisis?

“My Little Monk’s Hermitage”: How a Homeless Man Came to London’s Billionaire’s Mansion

Evergrande founder Xu Jiayin was one of the richest men in China, Anders Fernstedt lives on the streets with no money. The two have nothing to do with each other - if it weren't for a villa for 250 million euros in Hyde Park.

Ukraine’s drone playbook is wreaking havoc in Russia — and upending where NATO wants to invest

Ukraine’s deep drone strikes on Russian refineries are reshaping the war and pushing NATO toward a $40 billion counter-drone plan.

Accidentally enrolled in DRIP during company blackout period

I was looking around in my ESPP portal and stupidly clicked to reinvest dividends. I am not c-suite but I have access to MNPI as a designated associate and am subject to blackout periods. Does this need to be reported internally? I am seeing conflicting answers. I work for a large company and am scared of the repercussions because our legal & HR are brutal. It was an honest mistake and I would hate to lose my job or the respect of my team over this. I tried to see if the command can be cancelled

Crypto still 'off the table' for Singapore's Temasek, four years after FTX flop

Temasek's investment in the now-bankrupt FTX cryptocurrency exchange led to a writedown of $275 million in 2022, drawing much local criticism.

Pension Commission-AMA with Dr. Martin Werding! (reminder)

Hi! We're recording tomorrow - like the previous AMA with Stefan Fremdt, there's a reminder post here for all those who didn't notice the first post and would like to ask questions at short notice. Please ask and vote for new questions right here in the post! ---- We are bringing a new guest to our Marktschnatter podcast on a highly relevant topic: Prof. Dr. Martin Werding. Photo via Economic Advisory Council He is a professor of social policy and public finance

Psychology: Bring the matter to an end!

Everyone celebrates the brave beginning. However, real winners are characterized by good results. A guest post.

The situation at a glance: USA and Iran continue to escalate - will the war start again?

Again explosions in Iran, counterattacks on US bases in the Gulf: The dispute between Washington and Tehran over the Strait of Hormuz is causing the ceasefire to shake. What will happen to the negotiations?

Malaysia denies 1MDB fugitive Jho Low entered country with Chinese delegation

A senior Malaysian lawmaker on ⁠Thursday denied ⁠that fugitive businessman Jho ⁠Low had entered the country for talks linked to the theft of billions of dollars from state fund 1Malaysia Development Berhad (1MDB). Low, whose full name is Low Taek ‌Jho, faces multiple charges, including corruption and money laundering, in the United States and Malaysia for the central role he allegedly played in the misappropriation of at least US$4.5 billion from 1MDB. He has consistently denied wrongdoing and..

Volkswagen: Action day and supervisory board - that's what VW is all about today

VW wants to save again, the supervisory board is today discussing possible plant closures and job cuts. IG Metall reacts with protests at all company locations. What's coming up in Wolfsburg?

Hong Kong stocks retreat as regional tech volatility offsets short covering

Hong Kong stocks retreated on Thursday morning, surrendering recent gains as ongoing volatility across Asian markets and a brutal tech sell-off in neighbouring bourses weighed on local sentiment. At the lunchtime break, the benchmark Hang Seng Index was down 0.78 per cent to 24,011, erasing its initial upwards momentum. The Hang Seng Tech Index edged down 0.06 per cent, as the broader regional drag overshadowed optimism surrounding recent initial public offering lock-up expirations. Among...