An explosion near single-buoy mooring berths at Oman’s Mina al Fahal crude terminal on the Gulf of Oman has forced a suspension of oil loading, according to two people familiar with the matter. Alleged drone attack. Summary: The following is based on information from two people familiar with the matter, cited by Reuters: An explosion […]
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RBA Deputy Governor Andrew Hauser speaks at a Sydney fireside chat on Australia’s economic outlook, with markets watching for any signal on the path of rates after a hawkish week for RBA rhetoric. 2.30pm Sydney time / 0430 GMT/ 0030 US Eastern time Summary: RBA Governor Bullock reaffirmed the current stance earlier this week, noting
The average of household spending in Japan was down 0.5 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday – coming in at 328,969 yen. That beat forecasts for a decline of 1.5 percent following the 2.9 percent drop in March. On a seasonally adjusted monthly basis, household spending
Iran’s foreign minister has threatened US regional bases and reasserted sovereignty over the Strait of Hormuz, even as Trump claims ceasefire talks are in their final stages. Summary: The following is drawn from statements by Iranian and US officials and reports from June 3-5: Iranian Foreign Minister Araghchi stated that the Strait of Hormuz falls
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Bitcoin is heading for its worst week since February, down 13%, as ETF outflows hit a record 13-day streak and focus turns to Monday’s Strategy disclosure for signs of stabilisation. Summary: Bitcoin is down 13% this week, its worst performance since February Spot bitcoin ETFs recorded a 13th consecutive day of net outflows, the longest
In a letter to Russia’s Putin, Ukraine’s Zelenskiy proposed to end the war saying “Enough of war”. In a striking public letter addressed directly to Vladimir Putin, President Zelensky called for an immediate end to the war and proposed a face-to-face meeting at a neutral venue — naming Switzerland, Türkiye, and Arab states as potential
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U.S. nonfarm business sector productivity slowed much more than initially estimated and unit labor costs increased less than expected in the first quarter of the year, revised data from the Department of Labor showed on Thursday. Worker productivity, which is measured as output per hour, rose an annualized 0.3 percent from the previous quarter, reflecting
“Only a d***head says ‘vibe coding’ without sarcasm or intended insult. This s*** is burning us out so f***ing hard.” This is the rather harsh opinion of a senior engineer at a mid-tier data company – let’s call him Michael. He’s talking about a new form of software development in which a user provides a
Looking back over the last 15 trading days, most of the AUDUSD price action has been contained within a relatively well-defined range between 0.7100 and 0.7200. There were breaks below the lower boundary on May 19 and May 20, but neither move generated sustained downside momentum. Instead, buyers stepped in near the 0.7100–0.7113 support zone,
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week’s revised level of 212,000. Economists had expected jobless claims to edge
Financial markets traded with a mixed tone today as investors tried to balance fresh signs of diplomatic progress in the Middle East against lingering concerns that the region’s energy and security risks are far from resolved. The shift in sentiment was reflected most clearly in currency markets, where Dollar weakened broadly as traders scaled back
How to trade or invest in Oracle shares Investors interested in enterprise software and cloud infrastructure exposure through Oracle have several options. Here’s how to approach participation: Research Oracle’s latest results, cloud market dynamics and AI infrastructure trends thoroughly. Understanding enterprise technology and trading software sector dynamics helps inform decisions. Trading for beginners provides useful
2026.06.04 2026.06.04 Pound Steadies as Sluggish GDP Growth May Keep BoE on Hold. Forecast as of 04.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The futures market expects the repo rate to rise from 3.75% to 4.25% in 2026. However, the weakness of the UK economy and labor market will most likely prevent the Bank of England from taking aggressive
Turkey’s export performance cooled in May 2026, with total overseas shipments falling to $22.50 billion, down from $25.40 billion in April 2026. The latest trade data, updated on 4 June 2026, signal a notable month‑on‑month pullback following April’s stronger showing. The decline suggests a loss of momentum after April’s peak, which may reflect shifts in
