Oil edges down as investors weigh uncertainty over U.S.-Iran strikes

On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing a minor decrease in traffic…

Gold treads water ahead of US nonfarm payrolls report

Gold prices held steady during the early hours of Thursday’s Asian trading. Investors are closely monitoring the upcoming U.S. nonfarm payrolls data, as it may impact the Federal Reserve’s policy directions. Additionally, ongoing geopolitical tensions in the Middle East are adding to market volatility. Other precious metals displayed varied performance as trading commenced.

Hitachi Energy emerges as potential ‘buy’ on strong order inflows, earnings visibility

Hitachi Energy shares have surged significantly this year on robust revenue growth. The company secured new orders for battery storage and data centers. Its substantial order book provides a strong near-term earnings driver. Future growth is anticipated from high-voltage direct current projects and capacity expansion. Analysts have revised price targets upwards, reflecting strong future prospects.

Iran-US attacks restart: Refiners in the crosshairs again as some Gulf cargoes stand delayed, cancelled

Indian refiners face mounting crude supply disruptions from the Gulf region. Rising vessel attacks and transit bottlenecks are causing significant delivery delays. A tight tanker market further complicates securing necessary crude oil shipments. Refiners may be forced into unplanned refinery run cuts due to these issues. However, domestic fuel supply is not expected to be…

Mark Zuckerberg buys 440-acre castle estate in Ireland

In a remarkable real estate move, Meta’s Mark Zuckerberg and his wife Priscilla Chan have purchased the enchanting Strancally Castle in County Waterford, encompassing 440 acres. This magnificent estate will serve as their residence during visits to Ireland, where Meta’s global operations are anchored. The castle boasts a rich heritage, thanks to a 25-year restoration…