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Home > Latest

Lates News

date
15/04/2026
Market news: The negotiation deal for the acquisition of Shell's South African gas stations by Abu Dhabi National Oil Company is expected to be valued at around $1 billion.
Latest
2 m ago
Dow and ExxonMobil, among other companies, are raising plastic prices in response to the supply impact of the U.S.- Iran conflict. According to documents, Dow announced on Monday that they will increase the prices of polyethylene resin (common plastic used in packaging, films, and containers) in the North American region at least until May. The price hike plan includes a 30 cent increase per pound in April and a planned additional 20 cent increase the following month. Documents show that last week ExxonMobil and Nova Chemicals also announced an increase of 30 cents per pound in April, higher than the previously planned 20 cent increase. The prices of American petrochemical products have significantly increased after the conflict in the Middle East almost disrupted shipping in the Strait of Hormuz. With tightening supplies and rising costs gradually being passed on to consumers, one buyer stated that the latest increase means that polyethylene prices have doubled since before the war.
7 m ago
According to CNN, a US official said that the US Navy is currently not escorting any ships through the Strait of Hormuz, but has conveyed to commercial vessels (those not entering or exiting Iranian ports) that the waterway is safe and encourages passage. The official stated that the US has not implemented a comprehensive blockade of the Strait of Hormuz, but has only imposed blockades on ships entering and exiting Iranian ports along the entire Iranian coastline. The official also mentioned that the US sent a destroyer through the Strait of Hormuz over the weekend to demonstrate that there is a safe passage route in the waterway.
9 m ago
Market news: Microsoft will take over the artificial intelligence computing resources originally intended for OpenAI in Norway. Microsoft will lease additional data center space from NSCALE.
10 m ago
Chief Financial Officer of Kaiyun Group: Jewelry is a category resistant to market downturns, and the growth of the jewelry business in the first quarter benefited from factors other than price increases.
16 m ago
Federal Reserve Governor Gorusby: So far, consumer spending continues to grow steadily.
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