Global business and financial news, stock quotes, and market data. Breaking news on world markets, economics, politics, and business.
Israel, Lebanon and US have signed deal aimed at ending hostilities between Israel and Hezbollah, but group rejects it
By Elwely Elwelly and Jana Choukeir May 27 (Reuters) - Tehran would restore shipping through the Strait of Hormuz to pre-war levels within a month in a framework deal with the U.S. to also include withdrawing U.S. forces from Iran's vicinity, Iranian state television reported on Wednesday. The report said the U.S. would end a naval blockade of Iranian shipping, citing a memorandum of understanding being negotiated between the two sides to end the war which has choked global energy supplies through the strategic waterway
China’s coast guard said a task group led by the CCGS Xiushan vessel replaced the team headed by CCGS Daishan on Saturday to continue law-enforcement patrols in waters east of Taiwan
Teams from California to Florida are helping Venezuelans rebound from devastating earthquakes that killed over 900 people, according to the latest death toll figures authorities announced on Friday. Search and rescue operations are entering their third full day, after Venezuelan officials estimated at least 920 people were killed and over 3,300 were injured from a […]
European Central Bank Chief Economist Philip Lane says second-round effects from higher energy prices may take some time to show up, and that policymakers won't be boxed into a particular path on interest rates. He made the comments during an interview with Bloomberg's Francine Lacqua at the ECB Forum on Central Banking in Sintra, Portugal. (Source: Bloomberg)
Maritime traffic in the Strait of Hormuz remains at levels before the Iran-US agreement, says the Kpler maritime tracking platform, but there are signs of recovery ahead of Friday's official reopening. Eight ships carrying raw materials transited the strait on Monday, and six on Tuesday, according to Kpler data updated Wednesday. The agreement was reached overnight Sunday. This rate is comparable to the previous week, which saw an average of eight transits per day
European Central Bank Governing Council member Emmanuel Moulin comments on the outlook for inflation and monetary policy. He talks with Bloomberg's Francine Lacqua at the Aix-en-Provence Economic Forum in France. (Source: Bloomberg)
European Central Bank Governing Council member Olli Rehn said the conflict in the Middle East is stoking inflation while weighing on economic expansion. Rehn spoke with Francine Lacqua on Tuesday in Sintra, Portugal. (Source: Bloomberg)
Israel is reacting in disbelief after Washington and Tehran inked an agreement meant to end the war. The initial deal re-opens the Strait of Hormuz - but only starts a 60-day negotiating clock to address Iran's nuclear program. Israelis across the political spectrum have called the deal a disaster - while the Prime Minister has yet to comment