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War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - US approves arms sales to Qatar, Israel - The United States said it had approved a $4 billion sale of Patriot missiles to Gulf ally Qatar, as well as the sale of precision weapons systems to Israel for nearly $1 billion. Both sales

S&P 500, Nasdaq end at fresh records on tech earnings strength

S&P 500, Nasdaq end at fresh records on tech earnings strength

The Nasdaq and S&P 500 soared to fresh records Friday, cheering mostly strong earnings from tech giants and continuing to shrug off the prolonged US-Iran war that has lifted oil prices. The records came on the heels of upbeat results from Apple, which rose 3.2 percent,

ExxonMobil CEO sees chance of higher oil prices as earnings dip

ExxonMobil CEO sees chance of higher oil prices as earnings dip

US oil giants reported lower earnings Friday with accounting effects muting the benefits of the Middle East oil shock, as ExxonMobil's CEO cautioned that crude prices could still increase. Oil prices jumped during the quarter from the mid-$60s in early February to more than $100 a barrel

US Fed official says rate hikes may be needed if inflation surges

US Fed official says rate hikes may be needed if inflation surges

A key US Federal Reserve official warned Friday that a series of interest rate hikes could be needed if price shocks from the Middle East war are larger than expected, fuelling inflation. "Federal funds rate increases, potentially a series of them, could be warranted, even at the risk of

Iran activates air defences as Trump faces congressional deadline

Iran activates air defences as Trump faces congressional deadline

Tehran's air defences were activated to counter small aircraft and drones late Thursday, as the White House signalled that it will not be reined in by a congressional deadline on the Iran war. The Tasnim and Fars news agencies reported that air defence systems, heard in some parts

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: — Air defences activated in Iran: local media - Air defences were heard in the Iranian capital Tehran on Thursday night after they were activated to counter small aircraft and drones, Iran's Tasnim and Fars news agencies reported. Air defences were active

Oil slumps after hitting peak, US indices reach new records

Oil slumps after hitting peak, US indices reach new records

Oil prices struck a four-year high Thursday on worries about a resumption of hostilities in the Middle East, before slumping to end the day. But key US indices hit new records while European stock markets rose on positive earnings reports from some tech firms. On Wall Street, the S&