The world gave investors plenty of reasons to worry this week. Oil remained expensive. The Strait of Hormuz remained severely disrupted. Washington and Tehran remained far apart. Long-term U.S. borrowing costs flashed warning signs. Consumers showed signs of becoming more cautious. And businesses continued trying to figure out what an increasingly unpredictable global economy…
Africa has spent decades watching some of its biggest businesses look overseas when they need serious money. London. New York. International banks. Foreign institutional investors. But one of Africa’s biggest industrial projects is preparing to do something different. Dangote Petroleum Refinery wants Nigerians themselves to become owners. The company is preparing for an initial…
Oil is rising. Ships are being attacked. Traffic through one of the most important waterways in the global economy has nearly ground to a halt. The United States says its naval blockade of Iran could continue indefinitely. And Wall Street? Almost nothing. Global stocks entered Friday trading close to record highs. The MSCI All-World…
For a while, businesses had hoped the worst of the latest oil-price pressure was beginning to fade. That confidence is being tested again. Brent crude briefly climbed to around $90 per barrel on Tuesday as negotiations between the United States and Iran remained stalled and uncertainty returned over the full reopening of the Strait…
Oil Is Rising Again — Here’s Why Businesses Everywhere Are Paying Attention For months, businesses had hoped oil prices were beginning to stabilize. But this week, that optimism has faded. Oil prices climbed again after renewed uncertainty surrounding the Strait of Hormuz, one of the world’s most important shipping routes. Iran said the waterway…
