The greenback surged as investors fled volatile AI stocks into safe-haven dollar assets, boosting USD to its strongest level this year.
Tag: Business
JPMorgan’s New Credit Funds Win SEC Approval for Monthly Investor Redemptions
The SEC cleared JPMorgan’s private credit vehicles for monthly liquidity windows, a significant departure from typical quarterly lock-ups.
US Temporarily Lifts Oil Sanctions on Iran Allowing Dollar-Denominated Sales
The Treasury waiver allows Iran to sell crude oil and petrochemical products in US dollars for the first time in decades, easing sanctions pressure.
SoftBank Seeks Stake in Japan’s Top Utility to Power Its AI Boom
Masayoshi Son’s SoftBank is targeting a strategic utility investment to secure reliable electricity for its growing AI infrastructure ambitions.
China’s Independent Oil Refiners Slash Processing Runs to Nine-Year Low
Smaller Chinese refiners are cutting output dramatically amid compressed margins and lower crude demand, signalling stress in Asia’s oil market.
Germany Sticks to Drug Price Cuts Despite US Pharmaceutical Probe
Berlin is maintaining its plan to reduce prescription drug costs even as the Trump administration investigates European pharmaceutical pricing practices.
IBM Surges 5% Pre-Market on JPMorgan Overweight Upgrade Citing AI Software Acceleration
JPMorgan upgraded IBM to overweight, citing greater confidence in second-half software momentum and IBM’s positioning as AI infrastructure beneficiary.
Strait of Hormuz Reopening Expected to Ease Global Shipping Bottleneck
The IMO’s evacuation plan for stranded vessels signals a path forward for global oil tanker traffic after months of Iranian-enforced blockade.
Sensex Drops 893 Points as IT and Metal Stocks Lead Indian Market Decline
Indian equity benchmarks closed sharply lower Tuesday dragged by IT, metal and PSU banking stocks amid weak global cues from Asia.
BEL, Vodafone Idea, Hind Zinc, JSW Infra Stocks in Focus on June 23
Defence electronics, telecom and infrastructure stocks are in the spotlight as the Indian market opens under heavy selling pressure from global cues.