Oil falls for a third day as U.S. crude inventories swell
Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024. Toru Hanai | Bloomberg | Getty Images Oil prices fell for a third day on Wednesday on rising crude inventories and…
Investors Trump-proof portfolios as risks rise ahead of US election
Investors have begun to ‘Trump-proof’ their investment portfolios as the former US president leads in some opinion polls in the run-up to the November elections. Although many fund managers say the US election may have little impact on markets, some…
Australia grants feasibility licences for offshore wind farms
Australia on Wednesday gave the go-ahead for six projects to study the feasibility of building wind farms in waters off its southern coast as it looks to ramp up renewable energy to meet its net zero emission target by 2050.
Microsoft to open first regional data centre in Thailand
Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to widen availability of cloud services.
India's Godrej family agree to split conglomerate into two
India’s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday.
Morning Bid: Fed day focus is on what Jay says
A look at the day ahead in European and global markets from Kevin Buckland
Microsoft to power data centers with Brookfield renewables deal, FT says
Canada’s Brookfield Asset Management is set to develop new wind and solar farms with backing from tech giant Microsoft in an attempt to bring 10.5 gigawatts of generating capacity online, the Financial Times reported on Wednesday.
US spending on London real estate rebounds to highest in eight years
U.S. investors are buying up London commercial property at the fastest rate in eight years, data compiled by BNP Paribas’s real estate arm showed, lured by signs the market in Britain is recovering faster than the harder-hit United States.
Investors scour the globe for shelter as Wall Street shakes
Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in U.S. stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised.
Bank of Japan's hawkish whispers drowned out by rowdy yen selloff
The Bank of Japan’s decision to keep policy unchanged last week gave yen bears plenty of sell cues, but largely overlooked in the stampede were signals the central bank could raise rates in several stages in years ahead, with a…