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LATEST

US import cargo to slow past August as peak season winds down●Shein faces existential threat as tariffs hit low-price model, putting new focus on services●JSL Q2 Profit Rises as Brazil’s Trucking Boom Rolls On●Golden Rapture agrees deal for land south of Canada’s Goliath project●Energy Vault to supply 1.25GW power platform for hyperscaler AI data centre●The U.S. economy is shedding jobs. Why that’s good news for stocks.●Under Armour cuts FY27 sales outlook amid soft demand●Bitcoin steadies above $65,000 as Iran-Oman deal talk eases Hormuz concerns, lifts risk assets●US import cargo to slow past August as peak season winds down●Shein faces existential threat as tariffs hit low-price model, putting new focus on services●JSL Q2 Profit Rises as Brazil’s Trucking Boom Rolls On●Golden Rapture agrees deal for land south of Canada’s Goliath project●Energy Vault to supply 1.25GW power platform for hyperscaler AI data centre●The U.S. economy is shedding jobs. Why that’s good news for stocks.●Under Armour cuts FY27 sales outlook amid soft demand●Bitcoin steadies above $65,000 as Iran-Oman deal talk eases Hormuz concerns, lifts risk assets●

Asia

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

Markets-Economic Times · 3h ago · 🇮🇳 India

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of Ukraine. The bumper profits also drew criticism from US President Donald Trump over high fuel prices.

Read the full story at Markets-Economic Times →

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