Real-time News

The provincial health department stated that the Hantavirus patients on the cruise ship could not have been infected in Tierra del Fuego.

The Federal Reserve accepted a total of $787 million from five counterparties in its fixed-rate reverse repurchase operations.

Fitch: OPEC is likely to produce at maximum capacity to make up for lost output due to the closure of the Strait of Hormuz.

Russian President Vladimir Putin: Ukraine attacked the air traffic control center in the Rostov region.

The total number of natural gas drilling rigs in the United States for the week ending May 8 was 129, compared to 130 in the previous week.

The total number of drilling rigs in the United States for the week ending May 8 was 548, compared to 547 in the previous week.

Fitch: (Regarding oil and European gas price assumptions) We expect non-OPEC supply growth to be approximately 3 million barrels per day.

Fitch: (Regarding oil and European gas price assumptions) We expect market oversupply to depress prices.

May 9th - According to the Wall Street Journal, sources familiar with the matter revealed that Apple (AAPL.O) and Intel (INTC.O) have reached a preliminary agreement for Intel to manufacture some chips for Apple devices. The sources indicated that intensive negotiations between the two companies had been ongoing for over a year, culminating in a formal agreement in recent months. It is currently unclear which Apple products Intel will manufacture chips for. Apple ships over 200 million iPhones annually, as well as millions of iPads and Macs. Intel's main businesses are chip design and manufacturing (both for its own and external clients). Before Chen Liwu took over as CEO last spring, both businesses had been sluggish for a long time. Last summer, the Trump administration converted nearly $9 billion in federal funding into Intel stock, giving it a 10% stake, which facilitated Apple's involvement in the negotiations. Reports indicate that U.S. Commerce Secretary Lutnick met multiple times over the past year with Apple CEO Tim Cook, Tesla CEO Elon Musk, and Nvidia CEO Jensen Huang, attempting to persuade them to cooperate with Intel. With Apple joining the fray, Intel now has partnerships with all three companies.

Fitch: If the Strait of Hormuz is closed for less than five months, average annual oil prices may fall.

Fitch: Raised its short-term forecasts for crude oil and European natural gas prices.

According to the Wall Street Journal, sources say Apple (AAPL.O) and Intel (INTC.O) have reached a preliminary chip manufacturing agreement after discussions have been ongoing for over a year.

According to the Tehran Times, the Iranian and Turkish foreign ministers held a telephone conversation to discuss the latest situation in the region.

On May 9th, Iranian Foreign Ministry spokesman Baghae stated in an interview on May 8th that Iran is considering its response to the US-proposed "end-the-war plan," and related negotiations are underway. Once a final result is reached, Iran will immediately announce the news. Baghae accused the US of seriously violating international law and the ceasefire agreement during its military operations from the evening of May 7th to the early morning of May 8th, stating that Iran has "delivered a heavy blow to the enemy." Baghae stated that the current situation is a "nominal ceasefire," and that the Iranian armed forces are fully prepared and closely monitoring the situation, and will retaliate against any aggression and adventurism if necessary.

ECB Governing Council member Nagel: The ECB will take necessary measures to control rising energy prices.