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World markets feel the strain as US–Iran war grinds on

World markets feel the strain as US–Iran war grinds on

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.
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Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says

Hedge funds record decade-high weekly buying in Korea, Japan, Taiwan equities, Morgan Stanley says

By Summer Zhen HONG KONG, May 12 (Reuters) - Global hedge funds ramped up bets on Asia, with weekly buying of South Korean, Japanese and Taiwanese stocks hitting a 10-year high last week, according to a Morgan Stanley client note.
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Middle East Tensions Escalate with Drone Attacks and Diplomatic Strains

Middle East Tensions Escalate with Drone Attacks and Diplomatic Strains

Recent developments in the Middle East have seen a series of drone attacks and heightened diplomatic tensions. Drones targeted several locations in the Gulf, including a freighter en route to Qatar from Abu Dhabi, causing a small fire but no casualties, according to Qatar's defense ministry. Kuwait's military also reported repelling a dawn drone attack. In diplomatic exchanges, Iran has responded to a U.S. proposal for peace talks via Pakistan, emphasizing that dialogue does not equate to surrender. Meanwhile, Israeli Prime Minister Benjamin Netanyahu insists that Iran's uranium stockpile must be eliminated before considering the conflict over. The situation is further complicated by Iran's threats to target U.S. sites and enemy ships if its tankers are attacked, following U.S. strikes on Iranian tankers in the Gulf of Oman. U.S. Secretary of State Marco Rubio has met with Qatar's leader to discuss regional security.
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Taliban-Iran Relations: From Conflict to Pragmatic Engagement Amid Regional Challenges

Taliban-Iran Relations: From Conflict to Pragmatic Engagement Amid Regional Challenges

The relationship between the Taliban and Iran has transitioned from historical military confrontations to a pragmatic engagement driven by mutual necessity. The Taliban, facing sanctions and diplomatic isolation, have turned to Iran as a practical partner due to shared borders and regional influence. Despite sectarian differences, both parties have found common ground in political interests. Iran has maintained a multi-track policy, engaging with both Afghanistan's former republican government and the Taliban to preserve influence. Economic factors, such as trade and resource access, play a significant role in this relationship. However, tensions persist over issues like Afghan refugees and water rights, with Iran using formal recognition of the Taliban as leverage.
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UK borrowing costs march higher, sterling slumps as Starmer's future in doubt

UK borrowing costs march higher, sterling slumps as Starmer's future in doubt

By Yoruk Bahceli LONDON, May 12 (Reuters) - UK borrowing costs neared their highest since 2008, sterling slumped and shares fell on Tuesday as investors brace for a potential change of leadership that could endanger the fiscal rigour of the Keir Starmer government.
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Hims & Hers misses revenue estimates as strategy shift hits sales

Hims & Hers misses revenue estimates as strategy shift hits sales

By Amina Niasse and Siddhi Mahatole May 11 (Reuters) - Hims & Hers Health missed Wall Street estimates for first-quarter revenue and posted a surprise loss on Monday, as the telehealth company's shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales.
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Morning Bid: 11 weeks and counting

Morning Bid: 11 weeks and counting

By Mike Dolan May 11 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The Iran conflict is entering its 11th week - more than twice the length of time indicated by President Donald Trump when he first ordered strikes on Iran - and there’s
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Emerging market investors shrug off Iran war shock, IIF data shows

Emerging market investors shrug off Iran war shock, IIF data shows

By Marc Jones LONDON, May 11 (Reuters) - Global investors swung sharply back into emerging market assets in April, Institute of International Finance data showed on Monday, as markets recovered from Iran war-driven selloffs.
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UK consumers cut spending for first time since late 2024, Barclays card data shows

UK consumers cut spending for first time since late 2024, Barclays card data shows

May 12 (Reuters) - British consumers, shaken by the widening economic fallout from the Iran war, cut their spending last month for the first time since November 2024 as they focused on essentials rather than leisure, a survey showed on Tuesday.
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Dollar steady as Middle East peace hopes recede

Dollar steady as Middle East peace hopes recede

By Ankur Banerjee SINGAPORE, May 12 (Reuters) - The U.S. dollar held its ground on Tuesday as talks to end the war in the Middle East showed no signs of progress, pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures.
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Dallas has the most World Cup matches of the 16 sites with 9 at the home of the Cowboys

Dallas has the most World Cup matches of the 16 sites with 9 at the home of the Cowboys

The Dallas Cowboys were hopeful the World Cup final would end up in their stadium
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British Military Reports Ship Fire After Projectile Hit Near Qatar Amid Iran Ceasefire

British Military Reports Ship Fire After Projectile Hit Near Qatar Amid Iran Ceasefire

A cargo ship caught fire after being struck by an unknown projectile off the coast of Qatar, according to the British military. The incident occurred 23 nautical miles northeast of Doha and is the latest in a series of attacks on vessels in the Persian Gulf following a ceasefire between the U.S. and Iran. The United Kingdom Maritime Trade Operations Centre confirmed that the fire was extinguished and no casualties were reported. This attack comes amid ongoing tensions, with Iran restricting traffic through the Strait of Hormuz and the U.S. maintaining a blockade of Iranian ports. The U.S. is awaiting Iran's response to a new proposal aimed at ending the conflict, reopening the strait, and addressing Iran's nuclear program.