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ForexForexLive

Microsoft is reportedly winding down it's Oracle deal to wind down AI cloud capacity

US stocks are giving back some of their gains as a report circulates that Microsoft is winding down an arrangement with Oracle for AI cloud capacity. Details on the scope and timing of any wind-down remain unconfirmed. Oracle shares are trading at $111.35 after reaching a session high of $119.70. The stock fell as low as $109.21 in the current hourly bar, its lowest level since February 2024.…

ForexForexLive

US presses China to honor Busan trade truce as rare earth shipments fall short.

The US is pressing China to immediately fulfill the commitments Presidents Donald Trump and Xi Jinping made in Busan, South Korea, in October 2025. Treasury Secretary Scott Bessent said he and US Trade Representative Jamieson Greer raised concerns with Chinese Vice Premier He Lifeng and stressed that further progress depends on concrete results. Rare earths are the sticking point. US officials…

CommodityOilPrice.com

ONGC Moves to Take Over Venezuelan Oilfields, Recover $500 Million

India’s state-owned Oil and Natural Gas Corp. (ONGC) is negotiating to take over operations at two Venezuelan oil projects within six months, a move that could give it control over production and sales at fields where it is owed more than $500 million in dividends. The company's overseas arm, ONGC Videsh, is in advanced discussions with Venezuelan and U.S. authorities, finance chief Anupam…

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