Shares of Genesis Minerals gained after Regis Resources announced it would not counter Genesis's A$5.6 billion offer for gold miner Vault Minerals, clearing the way for the acquisition.
Russia is reportedly using small, fiber-optic-guided drones to evade electronic warfare and physical barriers, successfully targeting high-value components in Ukraine's electrical substations.
The Canadian dollar gained against the U.S. dollar, driven by a 5.2% jump in oil prices amid U.S.-Iran tensions and increased market expectations for a Bank of Canada interest rate hike.
Analysts at Jefferies report that recent geopolitical conflict involving Iran has created a sharp divergence in European energy stocks, leaving large-cap names like Shell and TotalEnergies undervalued.
Analysts at major firms issued key upgrades for several major companies this week, including T-Mobile, First Solar, and Occidental Petroleum, citing attractive valuations and specific company catalysts after recent underperformance.
South Korea's Kospi index is trading at its lowest forward P/E ratio on record, even after an 80% rally, as a surge in AI-driven earnings outpaces share price appreciation.
Iran has launched missile and drone attacks on U.S. facilities across several Gulf states and declared the vital Strait of Hormuz closed, triggering retaliatory U.S. airstrikes and escalating a conflict that threatens a key global oil chokepoint.
Claudio Descalzi, CEO of Italian energy major Eni, cautioned that persistent conflict in the Middle East could push crude prices above $100 per barrel by early 2027 as strategic reserves dwindle.
The Italian Treasury has appointed a syndicate of major U.S. banks to manage a new bond issuance denominated in U.S. dollars, with maturities spanning up to 30 years.
