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Credit rating agency Morningstar DBRS has upgraded the preferred shares of Big Pharma Split Corp. to a high-grade investment category. Simultaneously, the firm published a revised analytical framework for rating consumer and commercial asset-backed securities across European and Asia-Pacific markets.
Asia-Pacific markets were set to trade mixed on Friday as investors assessed the durability of a U.S.-brokered peace agreement with Iran.
Asia-Pacific markets are set to open mixed, driven by concerns over volatile oil prices and the continued closure of the Strait of Hormuz due to rising Middle East conflict.
Asia-Pacific markets are poised for a mixed open as investors weigh renewed tensions following Iran's missile launches against lingering optimism for a temporary truce.
Asia-Pacific markets are expected to open mixed as investors weigh elevated bond yields and renewed geopolitical tensions, particularly concerning Iran.
Global stock markets rallied and oil prices fell significantly following reports and hopes of a resolution or de-escalation in the conflict involving Iran. Investors reacted positively to the potential end of hostilities, leading to a surge in major indices and a drop in crude oil futures.
Asia-Pacific markets opened broadly lower as uncertainty surrounding the Middle East conflict persisted, even after a temporary ceasefire extension related to Iran.
Tehran has offered a ceasefire framework as U.S. President Donald Trump agrees to temporary halt in military offensives against Iran.
France and Italy have pushed back against some US-Israeli military operations, as US President Donald Trump criticized NATO allies in Europe for being unhelpful in the month-long war in Iran, highlighting growing transatlantic tensions.
US President Donald Trump has extended the pause on military strikes against Iran's energy infrastructure until April 6, citing positive negotiation progress. This decision, amid renewed Mideast tensions, has caused global markets to react, with oil prices falling and Seoul and Tokyo stocks opening sharply lower.
Oil prices continue to fluctuate due to Middle East tensions, with Asia pivoting to coal as LNG supplies are choked. Tokyo stocks also experienced mixed trading, losing early gains due to oil price concerns, while manufacturers face increased costs from the Iran war. Jet fuel prices and airfares are rising, but US airlines report continued flight bookings, while Vietnam faces falling oil production and Brazilian truckers weigh a strike amid the conflict. Crypto markets are also monitoring the situation, and US gasoline prices have soared.
Air cargo prices are skyrocketing due to disruptions in key shipping lanes caused by the ongoing conflict in the Middle East. This has forced many carriers to reroute their vessels, leading to longer transit times and increased operational costs, which are then passed on to consumers.
Asia-Pacific markets opened higher Thursday, rebounding after several days of steep losses.
With the regional escalation, maritime transport via the Strait of Hormuz, through which some 20% of global oil consumption passes, is compromised.
Asia-Pacific markets were set to open higher, shrugging off concerns after U.S. President Donald Trump said he will increase global tariffs to 15% from 10%.
The condiment giant launches a new regional advertising push highlighting culinary endorsements to strengthen brand loyalty across Asia-Pacific markets.
JPMorgan's Jamie Dimon and other Wall Street giants are pitching SpaceX's upcoming IPO to ultra-rich clients, with Elon Musk speaking at pre-IPO investor events. However, SpaceX has been blocked from early entry into the S&P 500 index, as S&P Global reaffirmed its existing rules.
Asia-Pacific markets were set to open mixed on Tuesday as investors weighed renewed uncertainty over U.S.-Iran peace negotiations.
The United States launched new attacks on Iranian targets near Hormuz, which Iran retaliated by striking an American military base. This exchange of attacks occurred after the US rejected reports of a Hormuz agreement and imposed additional sanctions on Iran.
Donald Trump issued fresh warnings to Iran, stating that 'the clock is ticking' and threatening severe consequences, while Iran declared its readiness to confront any aggression.
Reports indicate that OpenAI is struggling to meet its revenue targets and losing subscribers, causing significant concern among investors. This news has led to a downturn in AI-linked stocks and contributed to broader jitters on Wall Street.
Nepal's trekking industry is looking to Asia-Pacific markets to offset a decline in Western visitors during the peak spring season, as the Iran conflict disrupts travel.
The US Supreme Court has allowed a lower court to consider dismissing the contempt of Congress conviction against former Trump strategist Steve Bannon, bringing his net worth into focus.
A Kuwaiti crude oil tanker was attacked and set ablaze off the coast of Dubai, causing damage to its hull and prompting warnings of a potential oil spill. Kuwait has attributed the incident to Iran, though no casualties were reported, with fears of an oil spill in surrounding waters.
US President Donald Trump has confirmed 'very good' talks to end combat with Iran, leading to a delay in US strikes and a rise in markets, though Iran denies these discussions, outlines 'red lines' for peace, and continues its strikes, even firing rockets at Israel and mocking Trump.
International benchmark Brent crude futures lost 2.84% to end at $100.21 per barrel, while U.S. West Texas Intermediate futures dropped 5.28% to $93.50 on Monday.
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.
Most Asia-Pacific markets were set to open lower on Wednesday, extending a selloff amid an escalating Middle East war.
Asia-Pacific markets were set to open mostly lower Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat.
South Korean stocks opened higher Friday despite overnight losses on Wall Street caused by increased geopolitical risks and market uncertainties. The benchmark Korea Composite Stock Price Index added
Hong Kong's commercial property investment more than doubled in the second quarter to US$3.1 billion, making it the fastest-growing market in Asia-Pacific due to strong retail and office deals.
Asia-Pacific markets are expected to open lower, driven by renewed tensions between Iran and the U.S. and concerns that the escalating conflict could lead to sustained high inflation.
President Trump is reportedly seeking further edits to the US-Iran nuclear deal, particularly concerning uranium and the Strait of Hormuz, prolonging the negotiation process. Iran's chief negotiator stated that an agreement would only be reached if their rights are guaranteed.
Asia-Pacific markets are poised to open higher as investors assess the latest developments in US-Iran peace deal diplomacy. The situation reflects hardening geopolitical lines.
Asia-Pacific markets opened lower on Friday, driven by growing concerns over renewed hostilities between Iran and the U.S. and the fragility of their ceasefire.
Asia-Pacific markets experienced mixed trading as investors evaluated the latest developments concerning U.S.-Iran negotiations.
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
US allies are developing a Plan B for the Strait of Hormuz in case President Trump withdraws, as Trump continues to strongly criticize NATO countries for their unwillingness to deploy militaries to the waterway and threatens to leave the alliance. This comes as Trump's irritation with NATO forces Europeans to confront the realities of the alliance.
The conflict involving Iran has intensified with the Houthi rebels entering the fray, launching attacks on Israel and threatening Red Sea shipping. Meanwhile, Pakistan hosted talks between Saudi Arabia, Turkey, and Egypt aimed at ending the war, while Iran issued warnings against a potential US ground invasion.
President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
Asia-Pacific markets were set to mostly decline as investors continued to monitor elevated oil prices and the latest developments in the escalating U.S.-Iran conflict.
EDC and Plenary Asia Pacific have announced a US $650 million partnership aimed at boosting Canadian participation in global infrastructure supply chains across key Asia-Pacific markets.
In neighbouring Saudi Arabia, Saudi Aramco temporarily shut its major refinery at Ras Tanura after a drone strike. The post Global oil and gas prices surge as Middle East tensions escalate appeared…
Asia-Pacific markets were poised to open higher on Thursday, tracking Wall Street gains as strong earnings from Nvidia and Oracle lifted investor sentiment.
Asian Stocks Rise After Tech Boosts US Equities: Markets Wrap Bloomberg