Latest News
Strategic Oil Reserve at 44-Year Low as Exchange Deliveries Continue
The US Strategic Petroleum Reserve fell to 285.36 million barrels, the lowest since 1982, as emergency exchange deliveries continue. Oil prices remain above $100 per barrel.
Warner Bros. Discovery Discloses OSN's $3.75/Share Take-Private Offer for Anghami
OSN Streaming, partly owned by Warner Bros. Discovery, proposed a $3.75/share cash buyout for Anghami, a 14% premium. The offer is preliminary and non-binding.
Betr Entertainment: Cash Conversion Key to FY27 Outlook
Betr Entertainment shares closed up 2.8% at A$0.185. The FY27 outlook depends on converting EBITDA into positive operating cash flow.
Oracle's New Layoffs Raise Questions Amid $2.8B Restructuring Plan
Oracle has initiated another round of layoffs, but the exact number of affected employees remains undisclosed. The company's restructuring plan now totals $2.8 billion, yet investors question the cost-saving impact amid heavy AI spending.
UK State Pension Set for £9.40 Weekly Boost as Earnings Growth Hits 3.9%
The UK State Pension is projected to increase by 3.9% to £250.70 per week from April 2027, based on latest earnings data, though inflation could still alter the final amount.
Coinbase Streamlines Trading: Eight Crypto Pairs Suspended, Assets Unaffected
Coinbase suspends eight trading pairs on September 15 to improve market health, but the tokens remain tradable via USD order books. This move is a liquidity consolidation, not a delisting.
UK Government Moves to Nationalize Speciality Steel After Private Deal Collapses
Britain is developing a state acquisition plan for Speciality Steel UK after rejecting a private bid, keeping 1,300 jobs in play but leaving financial details undisclosed.
BYD Atto 1 Drops to A$19,990 in Australia, Ties MG3 as Cheapest New Car
BYD slashes Atto 1 Essential to A$19,990 drive-away in Australia, tying MG3 as the cheapest new car. The aggressive pricing tests volume strategy amid margin concerns.
SE Asia's Digital Banks Under Scrutiny as Sea, Grab, GoTo Disclose Loan Growth
Sea, Grab, and GoTo now disclose loan growth details, revealing varying profitability and credit risks in Southeast Asia's digital banking race.
Australian Off Road Caravans Enter Voluntary Administration, Deposits at Risk
Australian Off Road has entered voluntary administration. Customers who paid deposits are now creditors and may recover funds. Administrators appointed; first meeting due soon.