President Donald Trump‘s eagerly anticipated announcement on the Iran nuclear deal could be the flashpoint for a “long-lasting” uptick in oil prices, according to Barclays analysts. Crude futures hovered close to multi-year highs on Tuesday, as investors waited on Trump’s looming decision on the Iran nuclear accord. The U.S. president […]
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Trump considers benching Giuliani from doing TV interviews
President Donald Trump is growing increasingly irritated with lawyer Rudy Giuliani’s frequently off-message media blitz, which has included muddying the waters on hush money paid to porn actress Stormy Daniels and making claims that could complicate the president’s standing in the special counsel’s Russia probe. Trump has begun questioning whether […]
Elon Musk is taking on Warren Buffett, and their differences run deeper than jokes
OMAHA — Elon Musk is taking on Warren Buffett, and their differences run deeper than jokes about candy and medieval fortifications. At Berkshire Hathaway’s annual meeting over the weekend, I relayed a question from a shareholder to Mr. Buffett about a comment Mr. Musk had made a couple days earlier. […]
No matter what Trump says on Iran, China will probably ignore him
In a matter of hours, President Donald Trump is set to announce his decision on the Iran nuclear deal. Many are expecting him to pull the United States out of the deal and restore sanctions against the nation. Among the deal’s signatories, China is likely to resist any unilateral American […]
It looks like Iran is trying to lock in oil revenue before any Trump sanctions start
Iran’s oil exports accelerated to a recent record in April, indicating Tehran is seeking to maximize revenue ahead of the U.S. President Donald Trump’s upcoming decision on the 2015 nuclear deal and the possible re-imposition of sanctions. Exports of crude and condensate — a grade of ultra-light crude oil — […]
Young Saudis get behind Crown Prince Mohammed bin Salman’s reform drive, mostly
Saudi Arabia’s crown prince is seen as a strong leader who will take the country in the “right direction” and young Saudis are — for the most part — throwing their weight behind the reform-minded heir to the throne. Ninety percent of Saudi youth believing that Mohammed bin Salman, the […]
Russians posed as IS hackers, threatened US military wives
Army wife Angela Ricketts was soaking in a bubble bath in her Colorado home, leafing through a memoir, when a message appeared on her iPhone from hackers threatening to slaughter her family. “Dear Angela!” the Facebook message read. “Bloody Valentine’s Day!” “We know everything about you, your husband and your […]
Japan’s Takeda agrees $62 billion takeover of Shire
Takeda Pharma agreed to buy London-listed Shire for 46 billion pounds ($62.42 billion) on Tuesday after the Japenese company raised the amount of cash in its offer to $30.33 to secure a recommendation. Under the terms of the deal, Shire investors will receive $30.33 in cash and either 0.839 new […]
Financial tech firm iZettle says it plans to list on the Nasdaq Stockholm stock exchange this year
Swedish payment start-up iZettle announced it will go public this year. The financial technology firm said Tuesday that it plans to raise 2 billion Swedish krona ($226 million) through an initial public offering on the Nasdaq in Stockholm. The company provides mobile card readers and other digital payment products to […]
Asian stocks edge higher while oil loses steam as investors await Trump Iran decision
Asian markets edged up on Tuesday, with oil prices tracking lower following President Donald Trump’s announcement that he would make a decision on the Iran nuclear deal on Tuesday during U.S. hours. The Nikkei 225 reversed early weakness to tack on 0.28 percent and the Topix edged up by 0.41 […]