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Stocks rise as optimism over Mideast war takes hold

Stocks rise as optimism over Mideast war takes hold

Wall Street stocks climbed higher Thursday, adding to records as investors greeted optimistic comments from US President Donald Trump about negotiations with Iran while shrugging off a jump in crude prices. After veering between gains and losses much of the day, all three major US indices finished in the black.

Mideast war an 'unprecedented' blow for region: IMF to AFP

Mideast war an 'unprecedented' blow for region: IMF to AFP

The Middle East war has created an "unprecedented shock" for the region's economies with no guarantee of a quick recovery, a senior International Monetary Fund official has told AFP. Five of the Gulf's eight oil- and gas-producing countries face a contraction this year,

TotalEnergies says was able to maintain production despite war

TotalEnergies says was able to maintain production despite war

French oil and gas giant TotalEnergies said Thursday its production in the first quarter of the year was expected to have remained stable despite the Middle East war hitting its output in the region. The war triggered by US and Israeli bombing of Iran at the end of February sent

UK supermarket Tesco says Mideast war hits profit outlook

UK supermarket Tesco says Mideast war hits profit outlook

Britain's biggest supermarket chain Tesco warned Thursday that its profits could be impacted by the Mideast war lifting food costs, as it posted higher earnings for its last financial year. Tesco said adjusted operating profit for 2026/27 could come in lower compared with the 12 months to

IMF chief warns of 'tough times' if oil prices stay high

IMF chief warns of 'tough times' if oil prices stay high

IMF chief Kristalina Georgieva warned Wednesday of difficult times ahead for the global economy if war in the Middle East is unresolved and oil prices stay high, adding that inflation risks could seep into food prices. "We must brace for tough times ahead" if the conflict persists, she

S&P 500, Nasdaq end at records as markets bet on US-Iran accord

S&P 500, Nasdaq end at records as markets bet on US-Iran accord

Major Wall Street stock indices finished at records Wednesday, extending an upward climb on optimism about an accord in the US-Iran conflict as the White House signaled plans for more talks. After a mixed day on European stock markets, both the broad-based S&P 500 and tech-

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - Hezbollah fires on Israel - Iran-backed militant group Hezbollah fired about 30 rockets into northern Israel early Wednesday, the Israeli military said, just hours after the start of Lebanese-Israeli talks in Washington. Hezbollah said Tuesday that it had targeted 13 northern