Iran Turned Hormuz Into a Toll Booth
Iran now charges Bitcoin/yuan tolls for Hormuz passage, bypassing US dollars, creating a new revenue stream and challenging global norms.
Intel Joins Musk’s Terafab in Strategic Shift Toward AI-Scale Chip Manufacturing
Intel partners with Musk's Terafab to boost AI-scale chip production, aiming for 1 terawatt compute output and industry leadership.
Saudi market jumps 2.27% as liquidity surges and gains broaden across sectors
Saudi TASI index rose 2.27% on strong liquidity and broad sector gains, signaling a market-wide rally and improved investor sentiment.
Dubai stocks surge 6.08% as banks and real estate drive broad-based rally
Dubai stocks surged 6.08%, led by banks and real estate, as strong liquidity and broad gains reflect renewed investor confidence.
US yields hold at 4.34% as inflation cools and policy outlook steadies
US yields steady as inflation cools; Fed maintains pause, signaling no imminent rate changes amid stable but restrictive financial conditions.
Abu Dhabi stocks hold near 9,913 as market pauses amid oil shock repricing
Abu Dhabi stocks hold steady near 9,913 as investors pause amid oil price declines and await clearer global signals.
Gold jumps above $4,800 as ceasefire drives oil collapse and reshapes inflation outlook
Gold jumps above $4,800 as a ceasefire eases oil prices and inflation fears, shifting market focus to policy expectations and stability.
India holds rates at 5.25% as war risks cloud growth and inflation outlook
RBI keeps repo rate at 5.25%, citing war risks and inflation; GDP growth forecast raised to 7.6% for FY25/26, inflation seen at 4.6%.
Sweden inflation drops to 1.1% as krona weakens and rate hike expectations fade
Sweden's core inflation fell to 1.1% in March, easing rate hike fears and weakening the krona to 11.01 per euro.
Fuel prices surge globally as war pushes oil shock directly to consumers
Global fuel prices surge as oil tops $100/bbl amid war, with consumer costs rising and wide price gaps due to taxes and subsidies.
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