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00:30
Energy & sanctions

Chevron seeks improved terms from Iraq to take over West Qurna 2 oilfield

Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.

08:15
Wall Street

Wall Street ends lower on fresh tariff threats

Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.

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11:29
GLOBAL RESERVES

U.S. dollar’s role in global reserves falls as gold overtakes

The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.

03:11
Dollar gains

U.S. dollar gains as Euro falls on European inflation data

The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.

01:19
Market Gains

Wall Street climbs as Dow nears record

Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.

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