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Markets quiet, awaiting US July CPI tonight for direction
Asia market update: Markets quiet, awaiting US July CPI tonight for direction; US/Asian Tech earning...
Euro trades with caution against US Dollar in countdown to US CPI data
The Euro (EUR) trades marginally lower at around 1.1534 against the US Dollar (USD) at the start of ...
US CPI to set the tone
Today's most important data release will be the US July CPI, where we forecast headline inflation at...
IMF Downgrades Global Economic Growth Forecast To 3% Amid Iran War
The International Monetary Fund (IMF) has downgraded its 2026 global economic growth forecast to 3%, down from 3.5% posted in 2025 with the impact of the Iran war expected to negate gains made by the ...
China Plans 1,000-Satellite Network to Watch Over Central Asia
China is planning to deploy a constellation of over 1,000 remote-sensing satellites to observe Central Asia, according to China’s official news outlets Xinhua and The People’s Daily. The first batch o ...
Oil Prices Jump over 7% as Iran Ceasefire Declared ‘Over’
Oil prices surged over 7% to a two-week high on Wednesday after U.S. President Donald Trump declared that the interim ceasefire agreement with Iran is officially over and dismissed the recently signed ...
Global Nuclear Power Capacity Set to Jump by 44% by 2036
The world’s fleet of nuclear power capacity is expected to surge by 44% over the next decade as China will topple the United States as the biggest nuclear power capacity holder and India will hike its ...
EIA: Crude Oil Inventories in US See Rare Build
Crude oil inventories in the United States saw a surprise increase of 3.0 million barrels during the week ending July 3, according to new data from the U.S. Energy Information Administration (EIA) rel ...
Trump Declares Iran Deal “Over” After Fresh Military Escalation
US President Donald Trump has said the deal with Iran “is over” following renewed fighting in recent hours. Speaking at the NATO summit in Ankara, Turkey, he also said that the Iranian leadership was ...
Vitol Eyes Venezuela Expansion as Oil Industry Returns
Commodity trading major Vitol is planning to establish a presence in Venezuela amid a surge in interest in the country’s oil wealth from the resources industry, Reuters has reported, citing unnamed so ...
63 Million Barrels Of Crude Stuck At Sea As U.S. Pulls Iran Sanction Waiver
Iran was struggling to sell its crude to buyers in Asia outside China even before the U.S. rescinded overnight the sanctions waiver that allowed Tehran to sell its oil without penalties. The Iranian a ...
Oil Prices Surge 6% Even as Tankers Push Through Hormuz
Thin tanker traffic through the Strait of Hormuz continued early on Wednesday despite the fresh flare-up in the Middle East, but more vessels appear to be reconsidering moving toward the chokepoint af ...
Bahrain and Kuwait Restore Power After Iranian Attacks
Kuwait and Bahrain have started to restore power to residential areas following Iranian strikes on the two Gulf nations in retaliation for U.S. strikes on Iran in the latest conflagration in the Middl ...
Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation
The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out of the Persian Gulf. At least four oil and LN ...
China Lifts Fuel Export Curbs as Refiners Ramp Up Overseas Shipments
China has lifted restrictions on the exports of refined fuels, allowing state-owned refiners to resume shipments overseas this month, as well as one private refiner, Reuters reported today, citing unn ...