News tagged: saudi-arabia — Bazar360
All Bazar360 news tagged saudi-arabia.
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Iran's Rial Hits Record Low as U.S. Prepares New Sanctions Wave
Iran's rial plunged to a record 2.02 million per dollar on the open market as the U.S. announced sweeping new sanctions targeting digital assets, gold, aviation, and shipping. Treasury Secretary Bessent called the move an economic D-Day for Tehran.
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Iran Car Market Slips 1.5% in August With Price Gains Forecast Ahead
Iran's car market fell an average 1.5% in August despite political and currency pressures. Price increases are forecast as new U.S. economic actions and a weakening rial take hold.
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Tehran Stock Exchange Scales New Heights
Tehran main index breached the 6.1 million-point mark before sellers stepped in, trimming intraday gains.
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Two Years In, Trump's Economic Promises Give Way to Rising Debt and Costs
Trump's pledges to cut prices and fix US finances remain unfulfilled two years on, with national debt, energy costs, and Iran war-driven inflation pulling in the opposite direction.
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Iran's Ex-Central Bank Chief: Sanctions Raise Trade Costs But Won't Halt Commerce
Iran's former central bank chief says tighter sanctions will raise trade costs but won't halt commerce, citing decades of experience navigating restrictions.
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The New Yorker's Six-Month War Review: Iran Holds Firm, US Grows Weary
The New Yorker rates Washington's six-month Iran campaign as strategically thin. With Hormuz closed and US costs mounting, Tehran appears positioned to outlast America.
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Trump and Vance Split Over Iran War Goals, a $50 Gap Divides the White House
Trump and Vance diverge on Iran war goals, exposing a $50 divide in White House policy. When political aims become unclear, military force loses its strategic compass.
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Canadian Dollar Rallies as Oil Climbs and USD Weakens
The Canadian Dollar extended gains Thursday as WTI crude topped $85.58 and fading Fed rate-hike bets weighed on the US Dollar, driving USD/CAD to 1.3776.
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New Zealand Dollar Climbs Above 0.5950 on China Rate Hold
NZD/USD climbed to 0.5955 after China held lending rates steady for a 15th straight month. ING forecasts the pair reaching 0.60 within six months.
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Currency Swings Are Reshaping Who Wins in Global Coffee Markets
Currency volatility is reshaping coffee supply chains, with producers in Colombia, Brazil, and Ethiopia absorbing losses in local terms that dollar-denominated buyers never see. Exchange rate moves — more than spot prices — are driving sourcing decisions across origins.
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Kraken Parent Payward Joins Anthropic's Project Glasswing for AI Security Push
Payward, Kraken's parent company, joined Anthropic's Project Glasswing and gained access to Claude Mythos 5 to proactively hunt software vulnerabilities. Open-source findings will be shared with developers.
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Iran's Newest Silver ETF Opens for Subscription on Commodity Exchange
Iran's commodity exchange opens subscriptions for a new silver ETF. Silver faces its sixth consecutive supply deficit with prices potentially exceeding $80 per ounce.
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Pound Slips to Two-Week Low Against Canadian Dollar
GBP/CAD slid to a two-week low as Brent oil topped $90, lifting CAD. UK GDP was solid but durability concerns capped Sterling. Inflation data from both countries dominate the week ahead.
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Metaplanet Launches BitBonds Program with $1.3 Million Private Placement
Metaplanet raised $1.3 million through its inaugural BitBonds program — four unsecured bond series yielding up to 4.3% annually — while denying any sale of its 43,000 BTC holdings.
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Naira Holds Steady Against Dollar as Traders Eye CBN Liquidity
The Nigerian naira held near ₦1,367/$ in the official market on August 13, while the parallel rate stayed around ₦1,410-1,425, leaving a ₦58 spread. The CBN's liquidity efforts have brought relative calm after last year's volatility.
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Pound Strikes Two-Week High Against New Zealand Dollar
GBP/NZD climbed to a two-week high near NZ$2.3044 as risk-off sentiment hit the Kiwi amid stalled US-Iran ceasefire talks. UK Q2 GDP data is the next key catalyst.
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Oil and Gold Rally as Geopolitical Tensions Escalate
Oil and gold prices rose simultaneously amid escalating geopolitical tensions in the Middle East and East Asia. Both crude benchmarks hit multi-week closing highs.
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Pound Consolidates Above $1.35 as Markets Eye US Inflation Data
GBP/USD held near $1.3502 as Middle East tensions lifted the dollar and oil toward $90/barrel. Wednesday's US CPI print is the next key catalyst.
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Wall St Edges Higher After In-Line CPI; Oil Nears $90 on Hormuz Tensions
U.S. stocks rose Wednesday as July CPI matched all forecasts, pushing September rate-hold odds to 62%. Brent crude hovered near $90 as Hormuz negotiations stalled.
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Iran Housing Construction Costs Still Rising as Inflation Bites
Tehran housing construction costs remain elevated under inflationary pressure, with Iran's Statistics Center reporting a slowdown in input price growth during spring 2026.
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UAE Tax Authority Issues Crypto Accounting Rules for Businesses
The UAE's Federal Tax Authority has issued accounting guidance requiring businesses to use three approved crypto exchanges for valuing digital currency transactions, with time-specific exchange rates.
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Dollar Falls for Fourth Straight Day on Hormuz Deal Optimism
The dollar dropped to 183,500 tomans for a fourth straight session amid Hormuz maritime deal optimism and ebbing speculative demand.
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Iran Power Consumption Growth Turns Negative as Crypto Mining Crackdown Intensifies
Iran's Energy Minister reports annual electricity consumption growth has turned negative for the first time. Rewards for reporting unauthorized crypto miners raised to 3 million tomans.
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BTCPay Exploit Drains Lightning Nodes as Attackers Steal LND Credentials
Attackers exploited a BTCPay Server flaw to steal LND macaroon credentials, draining Lightning nodes. Foundation and Citadel21 confirmed losses. Update LND to version 2.4.2 immediately.
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Hidden Bottlenecks Threaten Global Critical Minerals Supply
A new study warns the next critical minerals supply shock will emerge from processing and logistics bottlenecks rather than mine output declines.
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U.S. Treasury Sanctions Two Iranian Crypto Exchanges in Widened Crackdown
Washington blacklisted Shelbit and Aban Tether, alleging the exchanges funneled funds to Iran's Revolutionary Guard. The move extends the 2026 campaign targeting Tehran's crypto finance networks.
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Gold, Dollar and Coin Outlook: Dollar Retreats as Market Watches Hormuz Talks
Iran's FX markets open Thursday with the dollar retreating toward 187,000 tomans as global gold surges to $4,250. Traders await Strait of Hormuz negotiations as the key price catalyst.
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GBP/NZD Rebounds from Two-Month Low as NZ Unemployment Surges
GBP/NZD rebounded 0.5% from a two-month low after New Zealand unemployment hit a decade-high 5.6%, scaling back RBNZ rate-hike bets. Stronger UK services PMI added further support for sterling.
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Korean Won Hits 10-Month High on Surge in Exporter Dollar Sales
The Korean won climbed to its 10-month high of 1,414.55 per dollar, driven by surging exporter dollar sales including SK Hynix. The won has gained over 9% this quarter, leading Asian currencies.
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After-Hours Movers: SpaceX, AMD, Arista Networks and Wynn Resorts Post Earnings
SpaceX fell 7% and AMD dropped 8% on mixed Q2 earnings, while Arista Networks surged 11%. Wynn Resorts gained 7% and Booking Holdings rose 5% on record gross bookings.