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Gold climbs as markets reassess risks after Trump pauses Iran attacks
Gold prices climbed ‌to a nearly three-week high on Wednesday as markets reassessed near-term risks after US President Donald Trump agreed to suspend bombings and attacks on Iran for two weeks, easing fears of energy-driven inflation. Spot gold was up 2.5% at $4,819.52 per ounce, as of 0726 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. Following international market trends, gold and silver prices in Pakistan rose, with the price per tol...
Asian LNG Prices Set to Fall After US, Iran Agree to Ceasefire
Asian LNG prices are set to fall after the US and Iran agreed to a two-week ceasefire that could temporarily reopen the Strait of Hormuz, bringing respite to global energy markets.
Onshore Yuan Advances to Three-Year High on Iran Ceasefire Boost
China’s yuan hit a three-year high as the pause in Middle East hostilities eased geopolitical tensions.
Shipowners Eye Hormuz Ceasefire Window for 800 Trapped Vessels
Shipowners are scrambling to understand the fine print in a ceasefire that could temporarily open up the Strait of Hormuz, hoping to take advantage of a potential window to extract more than 800 ships trapped in the Persian Gulf.
CSIS: US-Iran Ceasefire is Welcome Reprieve
Mona Yacoubian, Director and Senior Adviser of the Middle East Program at the Center for Strategic and International Studies, discusses the two-week ceasefire between the US and Iran that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. She speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
CBA's Dhar on US-Iran Ceasefire, Impact on Commodities
Vivek Dhar, Head of Commodity and Sustainability Research at the Commonwealth Bank of Australia, discusses the outlook for commodities as oil plunged and gold advanced after the US and Iran agreed to a two-week ceasefire. He speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
US-Iran Ceasefire Deal Fuels 'Spectacular' Relief Rally
Bloomberg MLIV strategist Mark Cranfield discusses the relief rally in markets after the US-Iran ceasefire agreement and why there's still a "high" risk of a reversal. (Source: Bloomberg)
Korean Stocks, Won Surge After Iran Ceasefire Brings Relief
South Korean assets surged after President Donald Trump agreed to a two-week ceasefire with Iran, easing fears of prolonged disruptions to global energy supplies and triggering a broad risk-on move.
SPA's Fontenrose on US-Iran Two-Week Ceasefire
Kirsten Fontenrose, Strategic Advisor at Systems Planning & Analysis, discusses the two-week ceasefire between the US and Iran that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz. She speaks with Haidi Stroud-Watts and Paul Allen on Bloomberg: The Asia Trade. (Source: Bloomberg)
Copper Advances as Two-Week Hormuz Truce Eases Supply Worries
Copper rose after Iran agreed to temporarily reopen the Strait of Hormuz as part of a two-week ceasefire agreement with the US and Israel.
Angela worked at a bank for 45 years before resigning... her son revealed the parting gift that left both of them in disbelief: 'Didn't feel valued'
Angela received the gifts to recognise her 45 years of work as a teller at one of the major banks.
California advocates insist on raising minimum wage to $30 despite research showing 'negative outcomes'
Advocacy groups in California are pushing for a $30 minimum wage in Oakland despite research suggesting the policy showed "negative outcomes" across the Golden State.It was reported on March 30 that One Fair Wage is launching a ballot initiative in Alameda County and the city of Oakland as local officials consider an increase in their minimum wage to $30 an hour. The initiative — which would appear on the Nov. 3 ballot this year — plans to increase the minimum wage in both the city and county.On...
Iran-Coordinated Safe Passage a 'Concession': Yacoubian
Mona Yacoubian, Senior Adviser of the Middle East Program at the Center for Strategic and International Studies, says the possibility of Iranian armed forces coordinating ships passing through the Strait of Hormuz could be seen as a "huge concession" towards the Iranian regime. (Source: Bloomberg)
Big Banks, Bigger Profits: Earnings Season Kicks Off Next Week
Show Me the Money: Bank Earnings Season Arrives — and It's Looking Rich. Despite Iran war, bank earnings are resilient.
US Soybean Oil Futures Sink 5% on Iran Ceasefire Plan
Soybean oil futures sank 5% as a temporary ceasefire agreement between the US and Iran sparked a plunge in crude prices, denting the appeal of crop-based biofuels.
FTSE Keeps Indonesia’s Market Status Amid Ongoing Reforms
FTSE Russell will “closely monitor” Indonesia’s capital market reforms after the postponement of a March index review of the nation’s equities, as regulators seek to avert a possible downgrade by MSCI Inc.
Fox integrating Kalshi prediction markets data across news platforms
The Fox Corporation on Tuesday said it would integrate data from Kalshi prediction markets across multiple platforms to enhance the audience experience. Insight from the prediction market will be shared on Fox News Channel, Fox Business Network, Fox Weather and the Fox One platform, according to a press release.  “More people are watching Kalshi’s forecasts…
US-Iran Ceasefire to Fuel Asia Relief Rally, Strategists Say
Donald Trump’s announcement of a two-week ceasefire between the US and Iran brings welcome relief to Asian markets, according to strategists. Equities should see strong rallies across the region in the near term, they say.
What the 2-week ceasefire with Iran could mean for markets, oil prices
CBS News business contributor Javier David breaks down the latest movement in the stock market and what the two-week ceasefire with Iran means for oil prices.
Treasuries Rise as Ceasefire Spurs Oil Drop, Fed Rate-Cut Hopes
Short-dated notes led a jump in Treasuries as plunging oil prices fueled hopes that slower inflation may pave the way for the Federal Reserve to resume interest rate cuts.