Author: Lucas

Silver has surged past $44 (£33) per ounce, its highest level since 2011, reigniting investor interest and fuelling speculation about a new supercycle in precious metals.The rally, sparked by the US Federal Reserve’s rate cut and reinforced by booming industrial demand, has pushed silver to the forefront as both a safe-haven asset and a vital industrial commodity.Fed Rate Cut Sparks MomentumThe most immediate catalyst for silver’s rise was the US Federal Reserve’s decision to cut interest rates by 25 basis points last week. The move, aimed at countering slowing job growth and persistent inflation, has weakened the US dollar and…

An LNG carrier built by HD Hyundai Heavy Industries. The shipbuilder and its holding company posted strong results last year. Photo courtesy of HD Korea Shipbuilding & Offshore Engineering SEOUL, Feb. 9 (UPI) — South Korea’s HD Hyundai Heavy Industries said Monday that the world’s largest shipbuilder almost tripled its 2025 earnings from a year earlier, driven by strong global demand for new vessels. The Seoul-based company posted $12 billion in sales for 2025, up 21.4% from a year ago. Operating profit surged 188.9% to $1.39 billion. Fourth-quarter revenue rose 29.6% year-on-year to $3.55 billion, while operating income soared 103.8%…

India asked state-owned refiners to consider buying more US and Venezuelan crude after a trade deal the Trump administration said included a pledge to stop importing Russian barrels.Refiners have been urged to prioritize US grades when they seek oil from the spot market via tenders, said refinery executives familiar with the matter. The government made a similar request regarding Venezuelan crude, they added, though those cargoes will be sourced through private talks with traders. Source link

In the enterprise data and AI analytics space, Palantir Technologies Inc. PLTR stands out from peers, such as Snowflake Inc. SNOW and C3.ai, Inc. AI, because of its highly scalable, artificial intelligence (AI)-driven platform, robust revenues and profit margins, and reliable cash flows. This positions the AI-focused defense stock as a compelling buy. Let’s see in detail – Palantir’s Artificial Intelligence Platform (“AIP”) enables organizations to seamlessly integrate and deploy AI and large language models across highly complex data infrastructures. Consequently, AIP has gained immense popularity among both U.S. commercial clients and the government.  Strong demand for AIP helped Palantir’s…

Silver rate today: The precious white metal continues to outperform across the bullion space, surging to a fresh record high of $79.67/oz on COMEX (Mar 2026 contract), logging around 190% rise against its 52-week low of $27.545 per ounce. Likewise, silver rates on MCX touched a new peak of ₹2,39,397 per kg on Friday. According to market experts, the silver price today is on an uptrend due to one basic reason — a structural shift that is lifting the demand-supply constraint. They stated that such a structural shift is expected to occur and predicted silver prices to reach $100 per…

Savings rates are falling across the market and are likely to continue dropping for the foreseeable future.One way to beat this downward spiral is to use a strategy called savings ‘laddering’. It involves spreading your nest egg across multiple fixed-term accounts of different lengths to maximise your returns. But is it worth trying? Here, Which? explains why now is a good time to give it a go and how to succeed with the strategy.This newsletter delivers free money-related content, along with other information about Which? Group products and services. Unsubscribe whenever you want. Your data will be processed in accordance with…

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Vitol, the world’s largest independent oil trader, pushed back its estimates for when oil demand will peak in a new report released Monday, forecasting a peak in the mid-2030s against previous predictions of a peak in the early 2030s. The commodities trading house said demand could “at its height … reach around 112 million [barrels per day], and is likely to remain close to this level with only minimal decline by the end of the forecast,” adding that demand in 2040 is likely to be around 5 million bpd higher than its current level. Current global demand sits a bit…

Gold fell on Tuesday as investors stayed cautious ahead of U.S. jobs and inflation data that would indicate the Federal Reserve’s interest rate trajectory.Oliver Strewe | The Image Bank | Getty ImagesGold fell more than 1% on Tuesday as the market consolidated ahead of U.S. jobs and inflation data that could offer further clues to the Federal Reserve’s interest-rate outlook.Spot gold fell 0.71% to $5,028.43 per ounce by 04:03 p.m. ET. U.S. gold futures for April delivery settled about 0.42% lower at $5,057.90 per ounce.”We’re seeing a light pullback or consolidation ahead of a bevy of key economic data coming out later…

The Dangote Petroleum Refinery has reached its full nameplate capacity of 650,000 barrels per day following the restoration and optimisation of its Crude Distillation Unit and Motor Spirit production block, marking what the company describes as a global first for a single-train refinery of its scale. In a statement on Wednesday, the firm said the development signals a critical phase in the ramp-up of Africa’s largest oil refining facility, with the refinery commencing a 72-hour intensive performance test run in collaboration with its licensor, UOP, to validate operational stability, efficiency and compliance with global standards. The refinery stated that the…