Posts by Swedan Margen
Iranian Missile Strikes IDF Headquarters in Tel Aviv Causing ‘Significant Damage’ as Israel Gears up for Another Round of Attacks
Israel’s main military command center was struck after Iran’s Islamic Republic launched a barrage of missiles at central Tel Aviv late Friday night, resulting in “significant damage” to what is considered the country’s version of the Pentagon. At least three people were killed and several others were injured in the missile attacks, in what is…
Read MoreWall Street Slips as Iran-Israel Conflict Sparks Oil Rally and Market Jitters
Investor enthusiasm for stocks waned on Friday as geopolitical tensions resurfaced, driving all three major U.S. indexes into the red. Iran’s missile attack on Israel, in response to Israel’s earlier strikes on Iranian military and nuclear sites, revived concerns of wider conflict in the Middle East. The reaction from financial markets was immediate, with most sectors down and…
Read MoreBoeing resumes China deliveries with 787-9 jet to Juneyao Airlines, Yicai reported
Published Sat, Jun 14, 2025 · 01:05 PM [BEIJING/HONG KONG] Boeing delivered a new 787-9 aircraft to China’s Juneyao Airlines on Saturday (Jun 14), Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease. The delivery comes two days after a Boeing 787-8 Dreamliner with 242 people on board crashed in a…
Read MoreTrump said Nippon-US Steel deal has resolvable national security risk
US PRESIDENT Donald Trump said on Friday (Jun 13) that concerns over national security risks posed by Nippon Steel’s US$14.9 billion bid for US Steel can be resolved if the companies fulfill certain conditions that his administration has laid out, paving the way for the deal’s approval. Shares of US Steel rose 3.5 per cent…
Read MoreTrump reports tens of millions in income from crypto ventures
Published Sat, Jun 14, 2025 · 09:20 AM US PRESIDENT Donald Trump filed his first public financial disclosure report of his term on Friday (Jun 13), providing what he said was the latest information about his holdings, including income from his family’s foray into cryptocurrencies. Trump, who returned to office in January, reported US$57.35 million…
Read MoreAnxious families await dental identification of Air India crash victims
[AHMEDABAD] Dozens of anxious family members sat outside an Indian hospital on Friday (Jun 13) waiting to collect bodies of loved ones killed in the Air India plane crash, as doctors worked to gather dental samples from the deceased and run identification checks. In the world’s worst aviation disaster in a decade, an Air India…
Read MoreMeta’s US$14.8 billion Scale AI deal latest test of AI partnerships
[NEW YORK] Facebook owner Meta’s US$14.8 billion investment in Scale AI and hiring of the data-labeling startup’s chief executive offiecer will test how the Trump administration views so-called acquihire deals, which some have criticized as an attempt to evade regulatory scrutiny. The deal, announced on Thursday (Jun 12), was Meta’s second-largest investment to date. It…
Read MoreTrump Media’s registration for bitcoin treasury deal becomes effective
Published Sat, Jun 14, 2025 · 06:11 AM TRUMP Media and Technology Group said on Friday (Jun 13) that the US Securities and Exchange Commission has declared effective the registration for its bitcoin treasury deal. The company said it raised about US$2.3 billion through a mix of debt and equity agreements with participation from around…
Read MoreUS: Stocks fall as investors pare risk on Middle East clash
Published Sat, Jun 14, 2025 · 06:03 AM [NEW YORK] Wall Street stocks finished sharply lower Friday (Jun 13) as Iran launched counterstrikes in response to an Israeli siege, leaving most non-petroleum equities lower. While oil producers and service companies rallied with oil prices, major indices spent the entire session in the red as investors…
Read MoreEurope: Shares tumble as Israel-Iran conflict escalates
EUROPEAN shares closed lower on Friday (Jun 13) as Israel’s wide-scale strike against Iran triggered a broad market selloff, with investors rushing to safe-haven assets amid an already uncertain trade environment. The pan-European Stoxx 600 index fell 0.9 per cent, briefly hitting its lowest level in three-weeks. The index also marked its fifth consecutive declining…
Read MoreOil settles up 7% as Israel, Iran trade air strikes
[HOUSTON] Oil prices jumped on Friday (Jun 13) and settled 7 per cent higher as Israel and Iran traded air strikes, feeding investor worries that the combat could widely disrupt oil exports from the Middle East. Brent crude futures settled at US$74.23 a barrel, up US$4.87, or 7 per cent, after earlier soaring over 13…
Read MoreOil Soars Nearly 7% on Israel-Iran Strikes, Stirring Middle East Supply Worries
With tensions escalating and concerns mounting over a broader war in the Middle East, oil prices surged nearly 7% on Friday after Israel carried out airstrikes on Iranian military targets. X Brent crude went up by $4.57 to settle at $73.93 a barrel, to close at $72.57. Earlier in the day, the benchmarks surged to the…
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