Financial
U.S. Stocks Slide as Oil Rebounds on Iran Tensions; Arm, Argan Surge
NEW YORK — U.S. stocks declined Thursday as oil prices rebounded amid escalating tensions in the Iran war, though semiconductor designer Arm Holdings and Argan posted significant gains on company-spec...
U.S. Consumer Sentiment Slides as Iran Conflict Drives Gas Prices Higher
DETROIT (AP) — American consumer confidence fell in March as rising gasoline prices and a declining stock market weighed on household outlooks, the University of Michigan reported Thursday. The univer...
Buford Capital Shares Plunge 40% After YPF Defeat
LONDON (Reuters) - Shares of Buford Capital plummeted more than 40 percent on Thursday following a decisive defeat against YPF, sending shockwaves through the United Kingdom's financial markets. The ...
U.S. Court Rules in Favor of Argentina in YPF Expropriation Lawsuit
WASHINGTON — A U.S. federal court ruled Thursday in favor of Argentina, overturning a judgment that had ordered the South American nation to pay more than $16.1 billion to Burford Capital and associat...
Russia to Ban Gasoline Exports Starting April 1
MOSCOW — Russia will prohibit the export of gasoline for all market participants beginning April 1, state news agency TASS reported Thursday. The announcement marks a significant shift in the nation's...
Foreign Investors Pull Record $12 Billion from Indian Equities Amid Iran Conflict Fears
NEW DELHI — Foreign investors withdrew a record $12 billion from Indian equities on Thursday, marking the largest single-day outflow in the market's history as escalating tensions in the Middle East s...
COSCO Shipping Resumes Gulf Services Following China-Iran Diplomatic Progress
BEIJING — COSCO Shipping announced on Thursday the resumption of maritime services to the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait and Iraq, marking a significant shift in regional t...
Iran Boosts Oil Exports, Cuts Discounts Amid Strong Global Demand
TEHRAN, March 27 (AP) — Iran has significantly increased its crude oil exports while simultaneously reducing price discounts, driving a sharp rise in daily revenue for the nation's energy sector. The ...
Japan 10-Year Bond Yield Hits 1998 High Amid Market Volatility
TOKYO — The yield on Japan’s benchmark 10-year government bond climbed to 2.38% on Thursday, marking the highest level seen since 1998 as investors reassess the nation’s long-term debt outlook. The s...