Author: Lucas

A pipe exploded at the SK Energy Ulsan Complex’s H2 production plant this morningFirefighters blasting water onto pipes to prevent a secondary explosion, following the initial explosion and fire at the SK Energy refinery in Ulsan.Photo: Ulsan Fire Department Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The motto in markets right now is “shut up and take my money”, as the fear of missing out seeps into almost every major asset class. Nowhere is that clearer than in corporate bonds.This market has struggled for the mainstream limelight this year, bumped out of view by the seemingly unstoppable juggernaut that is stocks. But just as stocks have ripped higher over the past six months, corporate credit is on the receiving end of rampant investor demand too.The whole way in…

(Bloomberg) — Silver fell more than 6% in its biggest drop in six months as the broad precious metals group retreated following a furious rally this week. The pullback came as concerns eased over credit quality in the US and trade frictions between China and the US, which is denting haven demand for gold and silver. President Donald Trump’s remarks on Friday soothed anxiety around trade tensions while solid results from regional banks helped stablize the stock market and lift bond yields. Higher rates typically are negative for bullion, which doesn’t pay interest. Most Read from Bloomberg A historic squeeze…

Two deals this week featuring a US private equity titan are signals that commercial property is turning from a no-go zone into an area of interest for UK investors on the hunt for a bargain.Behind this change of perception are trends such as the ‘hotel-ification’ of offices to provide a level of nine-to-five comfort that’s curbing the appeal of working from home.There’s also the growing recognition that less glamorous industrial buildings could be the source of handsome returns.Blackstone, the US private equity player – which is amassing a $100billion property empire in Britain – has said it may bid for Big…

Oct 16 (Reuters) – Insurance technology firm Exzeo Group said on Thursday it was targeting a valuation of up to $2 billion in its U.S. initial public offering, becoming the latest company to proceed with its listing plans despite the ongoing government shutdown.The Tampa, Florida-based company is aiming to raise as much as $176 million in its IPO by offering 8 million shares priced between $20 and $22 apiece. Sign up here.With no resolution in sight for the federal government shutdown, some corporate issuers are turning to the rarely used 20-day rule to pursue IPOs.The SEC last week eased the…

Aided by good performance in the oil, digital and retail businesses, the consolidated net profit of Reliance Industries Ltd (RIL) rose by 14.3 per cent to Rs 22,092 crore during the quarter ended September 2025 as against Rs 19,323 crore in the same period of last year. The net profit attributable to the owners of the company increased by 9.67 per cent to Rs 18,165 crore during the September quarter from Rs 16,563 crore a year ago.ARTICLE CONTINUES BELOW VIDEO Gross revenue of RIL increased by 9.9 per cent to Rs 2,83,548 crore during the latest quarter from Rs 2,58,027…

U.S. stocks closed higher Friday, with all three major benchmarks booking weekly gains as investors shook off concerns about credit losses at regional banks and trade tensions.The Dow Jones Industrial Average increased 238.37 points, or 0.5%, to close at 46,190.61.The S&P 500 gained 34.94 points, or 0.5%, to end at 6,664.01The Nasdaq Composite climbed 117.44 points, or 0.5%, to finish at 22,679.97.The S&P 500 saw its biggest weekly percentage gain since August, despite regional banking stocks falling under pressure this week amid concerns over some bad loans. Investors also seemed encouraged by President Donald Trump’s remarks Friday suggesting a potential…

Delta is the easiest to understand of the option Greeks Delta is the second Greek letter used in options trading. Delta can easily be quantified as the change in option price relative to the difference in the underlying equity. Thus, the delta of an option is a mathematical function of the market value of the underlying equity. In essence, delta is a quantitative representation of how much an option’s value will change based upon changes in the underlying equity. Derived from the Greek word “deltos,” delta is a mathematical measure that determines the change in the price of an option contract…

Prime Minister Sir Keir Starmer recently confirmed the government was in talks with the European Union over a proposal to double the current 25 per cent tariff level as well as cutting tariff-free import volumes by 47 per cent to 18.3 million tons a year.Bowers & Jones managing director Jane SommervilleIndustry figures have said the proposed changes represent an “existential threat” as around 80 per cent of the UK’s steel exports go to Europe.Locally, Jane Sommerville, managing director at Bilston-based manufacturing firm Bowers & Jones, remains hopeful a deal can be reached between the UK and the EU but if…

Gold price (XAU/USD) falls 2% after reaching a record high at $4,379 earlier on Friday, tumbles below $4,250, sponsored by US President Donald Trump’s comment that triple-digit tariffs on China are unsustainable. At the time of writing, Bullion prices hover at around the $4,230 – $4,240 range.Bullion tumbles below $4,250 as risk appetite returns and Treasury yields climbThe Greenback is recovering some ground, a headwind for Gold prices. Yet the biggest move is seen at US Treasury yields, with the 10-year T-note yield up nearly three basis points. US President Donald Trump commented that elevated threatened tariffs on China were…