Author: Editor-In-Chief
As momentum appears to be building for a peace deal between the United States and Iran, hopes are also rising that the serious economic impact of the conflict will be alleviated. Much uncertainty remains about the exact status of negotiations and the specific terms of any agreement, including around the Strait of Hormuz, a critical waterway through which much of the world’s oil supplies pass. But if this is really, really the end of the war and the Straits are about to reopen, what happens next? When will prices return to pre-war levels? It’s not possible right away. First, it’s…
A housewife buying vegetables at a wet market in Singapore (R)Roslan Rahman | AFP | Getty ImagesSingapore said on Monday that consumer prices rose 1.8% in April, weaker than expected, due to weaker increases in services and retail inflation. Economists polled by Reuters had expected headline inflation to be 2%. Core inflation, which excludes private transport and accommodation prices, came in at 1.4%, compared to the expected 1.7%.However, the Monetary Authority of Singapore said the city-state’s import cost pressures are expected to further accelerate and widen in the coming months.”Increased energy and other input costs resulting from developments in the…
A cracking tower stands beside the access road to the Ruwais Refinery and Petrochemical Complex operated by Abu Dhabi National Oil Company (ADNOC) in Al Ruwais, United Arab Emirates.Bloomberg | Bloomberg | Getty ImagesGeoff Currie, Carlyle’s chief strategy officer for energy pathways, said on Monday that Asian oil markets were nearing minimum utilization levels, with Europe next in line and the U.S. potentially facing supply shortages by July, underscoring the global energy shock from the Iran war.Currie warned that key global inventory figures could be misleading because much of the oil stored around the world cannot be used immediately. Most…
TokyoReuters — Toshifumi Suzuki, the founder of 7-Eleven Japan and widely considered the father of Japan’s convenience store industry, died of heart failure on May 18, Seven & i Holdings announced on Monday. He was 93 years old. Born in Nagano Prefecture in 1932, Mr. Suzuki worked at a book wholesaler before joining the retailer Ito-Yokado in 1963. Ignoring the skepticism at the time, Suzuki partnered with American 7-Eleven operator Southland to launch 7-Eleven Japan in 1973, opening its first store in Tokyo the following year. He pioneered the use of data to adjust inventory, built a business model around…
This illustration taken on March 23, 2026 shows the flags of the United States and Iran.Dado Ruvik | ReutersHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.US President Donald Trump sent mixed signals over the weekend about a potential deal with Iran, calling talks “constructive” but also posting images of US forces attacking Iranian ships.President Trump said the United States would not rush into a deal at a time when energy reserves are at risk of reaching the “red zone” this summer and Gulf states’ AI ambitions are stalled as the conflict drags…
Oil prices fell more than 4% on Sunday after President Donald Trump signaled that talks with Iran to reopen the Strait of Hormuz are progressing, although he said the United States was in no rush to reach a deal.west texas intermediate Futures prices were down about 5% to $91.65 a barrel by 7:13 p.m. ET. international benchmark brent Futures also fell by about 5% to $98.30 per barrel.”Negotiations have been proceeding in an orderly and constructive manner, and I have told our delegates not to rush to a deal now that time is on our side,” Trump said in a…
On November 2, 2016, a foreign exchange trader works in the foreign exchange dealing room of KEB Hana Bank’s main branch in Seoul, South Korea. Japan’s Nikkei 225 index fell 1.8% to 17,118.29 as the yen strengthened against the dollar. Hong Kong’s Hang Seng fell 1.4% to 22,819.92, and South Korea’s Kospi fell 1.4% to 1,979.13. Australia’s S&P ASX/200 fell 1.2% to 5,229.00 and the Shanghai Composite fell 0.5% to 3,106.66. Stock prices also fell in Southeast Asia and Taiwan. (Photo provided by Ryu Seung Il/NurPhoto via Getty Images)Null Photo | Null Photo | Getty ImagesJapanese Nikkei Stock Average Oil…
SpaceX is moving into territory where no initial public offering has gone before.The company, founded and led by Elon Musk, is targeting a sky-high valuation of $1.75 trillion on the Nasdaq stock market. SpaceX could move into widely held indexes like the Nasdaq 100 and S&P 500 at the speed of light.The Falcon 9 rocket’s upper stage will deploy a stack of Starlink “V2 Mini” satellites into orbit.space xAs market watchers and investors prepare and strategize how best to lead up to an IPO, one way to participate is to buy the S&P sector and industry indexes where SpaceX ultimately…
Cuba has announced the first shipment of nearly 60,000 tons of rice from China, as the Caribbean island nation faces an ongoing humanitarian crisis.Cuban President Miguel Diaz-Canel confirmed in a series of social media posts on Sunday that the first shipment of 15,000 tons had arrived at the port of Havana the previous day.Recommended stories list of 3 itemsend of listHe also expressed his “deep gratitude” not only to China, but also to members of the European Parliament who condemned the pressure campaign faced by the government.The United States has tightened sanctions on Cuba since January as part of President…
I recently had the opportunity to sit down with Francis de Sousa, COO of Google Cloud, backstage at an event in Los Angeles. Speaking in the calm, measured tone of a university professor despite the din, De Souza offered some useful advice for companies trying to navigate the AI security era we’re all experiencing. “There’s going to be a transition period, but I think we’ll be in a better place after that,” he said. He wasn’t talking about Google at the time, but it’s clear that even Google is still figuring things out. De Souza’s central message was one that…