World Business NewsStocks extend rally on Gulf breakthrough hopes, oil near two-month lows
Asia-Pacific shares jump 3.2%, led by 7.4% surge in South Korea’s KOSPI, as Nikkei rises 2.7% and Chinese markets gain
Jun 12, 2026
Reuters
73Articles
Share:
Published Work(73 articles)
World Business News
World Business NewsOil prices fall over 4% as Trump calls off threatened strikes on Iran
Brent falls 4.22% to $86.57 and WTI drops 4.33% to $83.91, with both benchmarks hitting their lowest levels since April 17
Jun 12, 2026
World Business NewsSpaceX IPO makes Elon Musk the world's first trillionaire
Musk’s influence across Tesla, SpaceX, AI and social media remains under scrutiny as JPMorgan CEO Jamie Dimon praises him despite past disputes
Jun 12, 2026
SpaceX prices record $75 billion US IPO at $135 per share, sells 555.56m shares
SpaceX debuts among America's most valuable companies, with Elon Musk retaining 82% control as the firm targets a $28.5 trillion market and intensifying competition from Blue Origin
Jun 12, 2026
EconomyPakistan set to unveil Rs17.1tr budget focused on revenue growth, fiscal discipline
Pakistan will unveil a Rs17.1tr federal budget aimed at boosting revenue collection and fiscal discipline under its IMF programme, with growth at 4.1% and inflation targeted at 8.2%, while protecting low-income households.
Jun 11, 2026
World Business NewsOnce an Arab oil embargo victim, US becomes world's top oil exporter
US oil exports rise to 10.5 million barrels per day in May as conflict and sanctions hit Saudi and Russian supplies, while EU officials warn of growing dependence on American energy
Jun 11, 2026
World Business NewsDollar wavers as Middle East conflict, inflation keep markets focused on rates
Dollar index slips below 100, euro strengthens to $1.1547 and traders price in a Federal Reserve rate hike by December
Jun 11, 2026
World Business NewsGold steadies after six-month low as investors await US inflation data
Spot gold edges up to $4,077.39 per ounce after touching $4,022.09, while US futures fall 0.8% to $4,098.90
Jun 11, 2026
Wall Street indexes fall more than 1%, hit by tech, Iran war worries
Dow drops 1.9%, S&P 500 loses 1.6% and Nasdaq falls 2% as investors reassess tech valuations and geopolitical risks
Jun 11, 2026
World Business NewsOil rises more than $1 as escalation in US-Iran strikes unnerve traders
Iran closes Strait of Hormuz, threatens to fire on vessels attempting passage as US launches fresh strikes, escalating tensions after fragile ceasefire
Jun 11, 2026
World Business NewsAsian stocks retreat as techs extend losses, US strikes on Iran lift oil
MSCI's Asia-Pacific shares down 0.9%, led by a 3% drop in South Korea's KOSPI, S&P 500 drops 0.3%
Jun 11, 2026
World Business NewsOil climbs as US-Iran tensions flare again while stockpiles tighten
Brent crude rises to $92.11 a barrel while US WTI gains to $88.80 amid ongoing market uncertainty
Jun 10, 2026