Month: June 2025
CNBC Daily Open: Financial markets seem to find their footing after digesting Israeli strikes
Smoke rises in the distance following an Israeli airstrike in Tehran, Iran, on June 14, 2025. \ Khoshiran | Afp | Getty Images Israel’s airstrikes on Iran Friday sent reverberations through financial markets. Oil prices jumped on fears that supply from Iran, the world’s ninth-largest oil producer in 2023, would be disrupted. Prices of gold, […]
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The UK insisted unpopular tax rises were a one-off. Economists say hikes are now inevitable
Oxford Street on May 2 2025, in London. Mike Kemp | In Pictures | Getty Images When U.K. Chancellor Rachel Reeves announced her government budget last fall, unveiling a £70 billion ($95 billion) boost to public spending to be funded by higher borrowing and £40 billion in tax rises, which mostly hit British businesses, she […]
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Energy giants Baker Hughes, Woodside shy away from making oil forecasts as Iran-Israel conflict escalates
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images The CEOs of two major energy companies are monitoring the developments between Iran and Israel — but they aren’t about to make firm […]
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Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy
The U.S. has placed major chip export restrictions on Huawei and Chinese firms over the past few years. This has cut off companies’ access to critical semiconductors. Jaap Arriens | Nurphoto | Getty Images Taiwan has added China’s Huawei and SMIC to its trade blacklist in a move that further aligns it with U.S. trade […]
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Cebu Pacific COO on rising fuel prices and growth outlook: We will try to control what we can control
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Asia Xander Lao, President & COO of Cebu Pacific, shares the airline’s growth outlook and contingency plans to cope with higher fuel prices. 04:53 19 minutes ago Source
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Trump administration weighs adding 36 countries to travel ban, memo says: Reuters
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 10, 2025. Nathan Howard | Reuters U.S. President Donald Trump’s administration is considering significantly expanding its travel restrictions by potentially banning citizens of 36 additional countries from entering the United States, according to an internal State Department cable seen by Reuters. Earlier this month, the Republican president signed a […]
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Santos shares soar over 15% on ADNOC-led group’s $18.7 billion takeover bid
A series of images of landscapes and wildlife from the Brigalow Belt region of Queensland near the town of St. George. Colin Baker | Moment | Getty Images Shares of Santos surged as much as 15.23% Monday, after it received a non-binding takeover offer of $18.72 billion by an Abu Dhabi’s National Oil Company-led group. […]
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China May retail sales grow at fastest pace since December 2023; industrial output misses expectations
Key Points Retail sales jumped 6.4% from a year earlier in May, sharply beating analysts’ estimates for a 5% growth in a Reuters poll and accelerating from the 5.1% growth in the previous month. Growth in industrial output slowed to 5.8% year-on-year in May, slightly weaker than analysts’ expectations for a 5.9% rise. The urban […]
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CNBC Daily Open: Israel’s conflict with Iran sends tremors through markets
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Israel’s airstrikes on Iran Friday sent reverberations through financial markets. Oil prices jumped on fears that supply from Iran, the world’s ninth-largest oil […]
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Asia-Pacific markets set to open subdued as Israel-Iran tensions dent investor sentiment
Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets were set to open subdued Monday, as the escalating Israel-Iran tensions weigh down investors’ sentiment. Oil prices jumped as Israel and Iran exchanged strikes, while gold prices rallied, as investors sought refuge in the safe haven metal with […]
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