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Economy & Trade April 29, 2026 569 stories in this edition

Oil spikes while stocks slip ahead of US Fed rate decision

Dawn / Pakistan / 1m ago / none@none.com (AFP)
Oil spikes while stocks slip ahead of US Fed rate decision

Preview Brief

Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks mostly slid as investors awaited a US Fed rate decision and a slew of tech firm earnings. Both main oil contracts jumped nearly six per cent after President Donald Trump warned Tehran on Wednesday that it should “get smart soon” and capitulate to Washington’s demands for tight controls on its nuclear...

Feed Summary

Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks mostly slid as investors awaited a US Fed rate decision and a slew of tech firm earnings. Both main o...

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King Charles commemorates 9/11 victims in New York visit

SCMP Asia · 1m ago

King Charles commemorates 9/11 victims in New York visit

Britain’s King Charles and Queen Camilla commemorated victims of the September 11, 2001, al-Qaeda attack on New York on Wednesday, laying a floral bouquet at the memorial where the World Trade Centre’s twin towers once s...

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Microsoft cloud revenue accelerates as spending growth cools

Channel NewsAsia · 1m ago

Microsoft cloud revenue accelerates as spending growth cools

Channel NewsAsia is tracking Diplomacy & Power developments tied to Microsoft cloud revenue accelerates as spending growth cools.

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Microsoft reports cloud growth in line with expectations

Channel NewsAsia · 1m ago

Microsoft reports cloud growth in line with expectations

Channel NewsAsia is tracking Diplomacy & Power developments tied to Microsoft reports cloud growth in line with expectations.

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Powell says he’ll stay at Fed after chair term ends, citing attacks by Trump team

SCMP Asia · 1m ago

Powell says he’ll stay at Fed after chair term ends, citing attacks by Trump team

Jerome Powell said he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time”, citing the “unprecedented” legal attacks against the central bank by...

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'Return Koh-i-Noor diamond': Zohran Mamdani quips on crown jewel handover during King Charles' New York visit

Times of India World · 1m ago

'Return Koh-i-Noor diamond': Zohran Mamdani quips on crown jewel handover during King Charles' New York visit

New York Mayor Zohran Mamdani indicated he would urge King Charles III to return the Koh-i-Noor diamond during the monarch's visit to the city. The suggestion came as the King and Queen Camilla attended engagements, incl...

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Is the US forcing Zambia to trade minerals for lives?

Al Jazeera English · 1m ago

Is the US forcing Zambia to trade minerals for lives?

Zambia must decide by April 30 if it will provide American businesses with preferential access to its minerals.

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