In a statement Block Inc reported a first-quarter operating profit that has topped analysts’ estimates. With the news reaching the market, Block’s shares rose by 10% in extended trading. Block also reported a lower-than-anticipated adjusted profit after demand for bitcoin weakened… Read More ›
In an interview to German newspaper Handelsblatt, Isabel Schnabel, a board member on the European Central Bank said, the ECB may have to raise interest rates as early as July to stop “extremely high” inflation from getting entrenched. In March,… Read More ›
Indonesia ban on palm oil is affecting South Korean businesses. For more than 15 years, Mr Lee’s diner, a fried chicken shop near central Seoul, has held firm against raising prices, the export ban on Indonesia’s cooking oil is squeezing… Read More ›
Russia’s invasion of Ukraine has significantly increased the price of commercial fertilizers. Nearly two decades ago, Abe Sandquist had to really wrack his brain on how he could sell cow dung. He had to work really hard to convince farmers… Read More ›
In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
On Thursday, US bond yields along with stocks fell sharply while the prices of gold, the USD and oil skyrocketed after Russian troops landed in Ukrainian cities on the Black Sea with Ukraine saying Moscow had launched a full-scale invasion…. Read More ›
On Tuesday, Australian lithium miner Allkem Ltd said, lithium carbonate prices for the third quarter of 2022 are expected to jump by 80% from the first half on the back of booming demand for the metal which is used in electric… Read More ›
In a statement IKEA said, it is raising the prices by around 9% following an increase in raw material prices and transportation costs. Previously, IKEA had said it was leasing more ships, buying more containers and re-routing goods between warehouses… Read More ›
In a statement, the US Department of Energy said, the United States has launched an auction for 32 million barrels of crude from four strategic petroleum reserves (SPR) sites which will be delivered between late-December and April 2022. Washington’s sale… Read More ›
JPMorgan Chase & Co has agreed to pay $60 million to settle a class-action lawsuit by investors who accused it of intentionally manipulating the prices of precious metals futures and options. The settlement comes in the wake of a U.S. government… Read More ›
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