'We simply don't know' - JP Morgan struggling to forecast oil prices due to US-Iran war
The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
Business News
Latest global business news, financial market updates, corporate developments, economic trends, startups, investments, trade, and industry insights from trusted international sources.
More Categories
Business Topics
Related Articles
- 'We simply don't know' - JP Morgan struggling to forecast oil prices due to US-Iran war
- Brewdog's unpaid workers to receive nothing after takeover deal
- Why we bought our first home with a 100% mortgage - despite the risks
- Warm words on Canada's EU 'associate membership' but no guarantees
- EU chief backs plan for Canada to become 'associate member'
- Interest rates hold expected but Bank of England facing tough choices
- We are all new job starters - here's how we got through the first few days
- US borrowing costs hit highest level since 2007
- Trump says AI safety fears a 'hoax' as he rejects calls for greater safeguards
- AI regulation faces political deadlock as calls grow for Congress to act
- AI 'kill switch' may need to be mandatory, Anthropic co-founder says
- Gloomy forecast for tenants as rent rises set to speed up
- Carney gambles on the world's biggest investors betting on Canada
- 'Culture shift' needed in how UK does business, PM urges
- Trump says he will remove all Irish whiskey tariffs as he ends two-day visit
Brewdog's unpaid workers to receive nothing after takeover deal
Administrators say about £489,000 was owed for staff wages and holiday pay and £2.4m was owed to HMRC for unpaid VAT.
Why we bought our first home with a 100% mortgage - despite the risks
The share of UK mortgages with smaller deposits is the highest it's been since 2008. The BBC spoke to borrowers about how they manage the risks.
Warm words on Canada's EU 'associate membership' but no guarantees
There is no certainty that the idea will ever get off the ground, let alone become a blueprint for other countries, writes Katya Adler.
EU chief backs plan for Canada to become 'associate member'
Trump, who has frequently clashed with Canada's PM, threatens to cut trade with the European Union in response to the proposal.
Interest rates hold expected but Bank of England facing tough choices
Forecasts of further rises in the inflation rate mean some analysts expect the Bank to act by the end of the year.
We are all new job starters - here's how we got through the first few days
Four recent job starters share their tips on what helped them have a smooth transition and survive their first few days.
US borrowing costs hit highest level since 2007
The effective interest rate on US government bonds over 10 years, known as the 10-year Treasury yield, has risen as high as 5.04% but has eased back since.
Trump says AI safety fears a 'hoax' as he rejects calls for greater safeguards
The US president's comments come after Anthropic co-founder Jack Clark told the BBC an AI "kill switch" may need to be mandatory.
AI regulation faces political deadlock as calls grow for Congress to act
With Trump opposed and Congress divided, new safety legislation on AI is unlikely to pass anytime soon despite mounting pressure.
AI 'kill switch' may need to be mandatory, Anthropic co-founder says
Jack Clark says "most labs have different ways of being able to pull the plug", but says this may need to be a requirement.
Gloomy forecast for tenants as rent rises set to speed up
The cost of renting is expected to rise by 4% or 5% a year by December, according to property website Zoopla.
Carney gambles on the world's biggest investors betting on Canada
In the midst of a trade war with the US, the prime minister leveraged his connections in global finance to invite some of the world's biggest investors to Canada.
'Culture shift' needed in how UK does business, PM urges
Burnham has said those who take risks should be backed by government, but his government has been criticised for increasing business costs.
Trump says he will remove all Irish whiskey tariffs as he ends two-day visit
Whiskey distilled in the Republic of Ireland faces the standard 15% tariff which applies to EU goods entering the US.