World
Markets are shrugging off the Israel-Iran conflict. Some strategists warn of complacency
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 Global investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday, as stocks rallied despite escalating warfare […]
Read More
Stands shuttered at some Israeli defense firm showcasing at Paris Air Show
Attendees walk past the closed Israel Aerospace Industries (IAI) Israeli Pavillon during the 55th edition of the International Paris Air Show at the ParisLe Bourget Airport, in Le Bourget, suburb of Paris on June 16, 2025. Alain Jocard | Afp | Getty Images The stands of at least two major Israeli defense firms were blocked […]
Read More
European markets rebound as Israel-Iran attacks continue; Renault down 6%
European banks, oil stocks lead markets higher European Stoxx 600 banks were 1.3% higher at 9:55 a.m. U.K. time, while oil and gas stocks gained 1.18% as investors took in the latest from the Israel-Iran conflict — which is driving crude oil prices sharply higher and reigniting inflation concerns. Sectors in decline include health-care, down […]
Read More
Shares of Gucci-owner Kering pop 7% on reports Renault’s de Meo to be next CEO
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of French fashion house Kering popped 7% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the owner of […]
Read More
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, […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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. […]
Read More