Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
The European Union is set to introduce more flexibility into its carbon market to address industry concerns over competitiveness. The plan includes new funding mechanisms and a revised emissions timeline, while still requiring investments in clean technologies.
Investment firm Evercore ISI has upgraded Occidental Petroleum to "Outperform" from "Underperform," raising its price target based on the company's improved financial health and cash flow potential.
Trading in Glencore Plc options saw a significant increase on Wednesday, with activity heavily skewed towards call options expiring in July. The surge in volume occurred even as the company's share price declined.
Honda is recalling 325,588 Odyssey minivans from the 2018-2020 model years due to a faulty rearview camera. The defect, which can cause the display image to fail, poses an increased risk of a crash.
Gold prices showed mixed results on Monday as investors balanced expectations that the Federal Reserve might hold interest rates steady against easing inflationary pressures from falling oil prices.
A coalition of 22 Democratic state attorneys general has voiced opposition to a Trump administration plan to impose tariffs on dozens of countries, arguing the move is unlawful and not genuinely aimed at curbing forced labor.
Oil prices edged higher on Tuesday, with gains limited as traders weighed easing geopolitical tensions against increasing global supply and uncertain demand prospects. Both Brent and U.S. crude benchmarks saw modest increases as the market's attention shifted to fundamental supply and demand factors.
Cuban authorities have started to slowly restore electricity to the capital, Havana, following a collapse of the national power grid on Monday. The cause of the widespread outage, which affected the entire island, has not yet been announced.
The United States' emergency crude oil stockpile has reached its lowest point in over four decades after a recent drawdown. The release is part of a government plan to address global supply shortages and reduce fuel prices.
