Finance

Oil sank after the US and Iran agreed to an interim deal to end their months-long war, potentially allowing the Strait of Hormuz to fully reopen and easing a supply crunch that has rattled global energy markets. Brent tumbled as […]

Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. At the time of writing, Brent crude had dropped 3.95% to trade […]

The energy giant said that a substantial oil-bearing reservoir was found in its Merlin-1X exploration well, which is part of Petroleum Exploration License 39 (PEL 39). It claims that the well produced some of the most promising geological data seen […]

The International Monetary Fund (IMF) said poverty in Nigeria has reached 63% of the population as conditions remain difficult for people amidst economic reform. In a statement released following its Article IV consultation with Nigeria, the IMF said strong reforms […]

Oil prices jumped more than US$4 (RM16.28) on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose US$4.42 or 4.47% to US$97.15 a barrel as […]

According to a recent European Central Bank (ECB) report cited by the Financial Times, gold accounted for 27% of global central bank reserve assets at the end of 2025, up from 20% a year earlier. By comparison, U.S. Treasuries fell […]

Hedge fund Elliott Investment Management, which has built up a stake in Australia’s biggest gold miner, Northern Star Resources Ltd, is calling for a strategic review of the future value creation, including a sale of the company. Elliott, which discloses that it […]

GOLD held a gain after reports that the US and Iran had reached a tentative deal to extend a ceasefire and work toward an agreement to end the Middle East war eased inflation concerns. Bullion traded around US$4,495 an ounce, […]

For months, China’s reduced appetite for oil and LNG imports has helped ease some of the pressure on already-strained global energy markets. But Beijing’s current strategy appears less about weakening demand and more about caution amid the Iran war and […]

The funding will support early engineering works and surface infrastructure at the Prieska Copper-Zinc Project, while also advancing exploration drilling activities at the Okiep Copper Project as Orion works toward securing full-scale construction financing. Backed by local institutional investors, the […]