Transit levels through the Strait of Hormuz have been closely tracked since June 13 and remain within normal ranges, according to Vortexa.“Transits for the week ending June 22 were robust, 4% above the 2024 average and slightly higher than the weekly average for the month leading up to the attack,”…
Wall Street has a short memory. Just a couple of years ago, SPACs were synonymous with hype, lawsuits, and bankruptcies. Investors lost billions as early-stage companies rushed onto public markets through these blank-check vehicles, only to collapse within months. But in 2025, SPACs are staging a comeback. New listings are rising fast,…
Taiwan’s currency surged to its strongest level in three years on Thursday, buoyed by robust foreign inflows into its stock market and widespread weakness in the US dollar. The Taiwan dollar appreciated as much as 0.7% to 29.15 per US dollar, outperforming most Asian currencies in the session.According to Bloomberg,…
Australia and New Zealand are now the world’s biggest per-capita users of cocaine, according to the United Nations Office on Drugs and Crime (UNODC), as global drug use reached an all-time high in 2023. The findings come from the UN’s World Drug Report 2025, which also shows cocaine production, seizures,…
Indonesia’s top official for an international initiative stated on Thursday that the US’ withdrawal from a collaborative effort aimed at assisting developing nations in transitioning away from coal will have a minimal effect on Indonesia, according to a Reuters report.The US made a significant policy shift this year by withdrawing…
US shale oil production is unlikely to experience upside as West Texas Intermediate crude prices stay pressured near the mid $60 per barrel. The accelerating unwinding of production cuts by the Organization of the Petroleum Exporting Countries and allies is adding further barrels into the market, weighing on sentiments. According to Rystad…
Asian stock markets presented a mixed picture on Thursday, with Japanese equities climbing to a four-month high while other regional indices stuttered. Investors are navigating a complex landscape of geopolitical, economic, and fiscal uncertainties as they brace for US President Donald Trump’s fast-approaching deadline on tariffs. A fragile ceasefire between…
Transit levels through the Strait of Hormuz have been closely tracked since June 13 and remain within normal ranges, according to Vortexa.“Transits for the week ending June 22 were robust, 4% above the 2024 average and slightly higher than the weekly average for the month leading up to the attack,”…
Even as the Nasdaq 100 sails to new all-time highs, investors have no reason to believe the booming tech trade is about to run out of steam. According to a new report from global financial services firm UBS, the artificial intelligence party is still just getting started, and accelerating AI…
European stock markets started Thursday’s session mostly higher, with investors digesting a landmark decision from NATO to increase defense spending targets, while also keeping a watchful eye on the fragile ceasefire between Israel and Iran. Fresh economic data from Germany showed a slight dip in consumer confidence, and in the…