Business News
Stay informed with the latest business and economic developments shaping markets and economies around the world. SkyPress covers major corporate developments, economic events, financial markets, commodities, central bank decisions, and other news that can influence businesses, investors, and consumers.
America’s Market Roundup: Dollar Slips, Stocks Rally, Gold Surges 2% as Fed Rate-Hike Bets Fall
Forex Market Outlook EUR/USD: Euro Gains as Dollar Weakens The EUR/USD pair edged higher on Thursday as the U.S. dollar came under pressure following Christopher Waller’s comments on Federal Reserve policy. The prospect of the Federal Reserve maintaining interest rates rather than delivering another increase reduced some of the recent support for the dollar. However,…
Kenya’s Forex Reserves Drop by KSh63 Billion as Shilling Holds Steady
Kenya Forex Reserves Fall by KSh63 Billion as Shilling Holds Firm Against Dollar Kenya’s foreign exchange reserves have declined for five consecutive weeks, falling by roughly KSh63 billion as of September 3, 2026, even as the Kenyan shilling continues to trade with remarkable stability against the US dollar. Data from the Central Bank of Kenya…
Kenya’s Cost of Living Pressure Intensifies as August Inflation Hits 6.6%
Kenya Inflation Rises to 6.6% in August as Food and Transport Costs Keep Pressure on Businesses and Households Kenya’s annual inflation rate rose to 6.6% in August 2026 from 6.5% in July, with food, transport and housing-related costs remaining key sources of pressure on consumers and businesses. The latest data from the Kenya National Bureau…
Kenya Orders Tata Chemicals to Leave: Ruto Demands More Value From Lake Magadi
Kenya Orders Tata Chemicals to Leave as Ruto Demands More Value From the Country’s Natural Resources September 5, 2026 — Kenya’s relationship with one of its longest-standing foreign investors has entered a new and uncertain phase after President William Ruto directed Tata Chemicals Magadi Limited to leave the country, accusing the company of failing to…
U.S.–Iran Relations Show Signs of Thaw as Diplomatic Breakthrough Nears
U.S.–Iran Tensions Ease as Diplomatic Breakthrough Appears Within Reach SkyPress News | Global Markets & Geopolitics A potential turning point in the Middle East conflict is emerging as the United States signals that maritime access through the Strait of Hormuz could soon be restored—provided Iran aligns with key conditions outlined by Washington. U.S. President Donald…
Oil Prices Slide as Iran Revives Peace Talks Through Pakistan Amid Hormuz Uncertainty
Oil prices retreated sharply on Friday after Iran reportedly delivered a revised peace proposal to mediators in Pakistan, reviving hopes that diplomatic negotiations with the United States may still avert a broader escalation in the Middle East. U.S. benchmark West Texas Intermediate (WTI) crude dropped more than 3%, trading near $101.57 per barrel during afternoon…
Oil Prices Rise as Iran Ceasefire Fails to Ease Supply Concerns and Political Tensions
Oil Prices Climb as White House Says Iran Ceasefire Ends War Powers Deadline By SkyPress News Desk | May 1, 2026 Oil prices moved higher on Friday after a turbulent trading session, as investors continued to monitor geopolitical developments surrounding Iran and the United States. Despite a temporary ceasefire, uncertainty over the region’s stability and…
Yen Wavers After Tokyo Intervention as Dollar Rebounds on Fed Signals and Middle East Tensions
Yen Slips After Tokyo Intervention as Dollar Stabilizes Amid Global Uncertainty SkyPress Financial | Global Markets | May 1, 2026 The Japanese yen retreated on Friday, giving back part of the substantial gains recorded in the previous session after Tokyo reportedly intervened in currency markets. Meanwhile, the U.S. dollar regained its footing following a challenging…
Wall Street Advances While Oil Volatility and Yen Turbulence Raise Market Concerns
Wall Street Climbs as Volatility Cools, But Oil Markets Signal Caution SkyPress Market News | Global Markets | May 1, 2026 U.S. equities ended the latest session on a positive note, with the S&P 500 extending its gains as investors welcomed a fresh wave of corporate earnings and improving market breadth. However, beneath the surface,…
Fed Preview: Markets Brace for Jerome Powell’s Potential Final FOMC Meeting
Fed in Focus: Markets Brace for Jerome Powell’s Potential Final FOMC Meeting Fed Chair Jerome Powell’s potentially final FOMC meeting takes center stage as markets await interest rate decisions, policy signals, and guidance on inflation, oil prices, and the future of U.S. monetary policy. While investors overwhelmingly expect the central bank to leave interest rates…
BREAKING: Fatal Plane Crash at Parafield Airport Disrupts Aviation and Shakes Adelaide’s Business Sector
Two people died and several others were injured after a light aircraft crashed into a hangar at Parafield Airport, prompting an emergency response and the closure of the airport to air traffic. April 29, 2026 — Adelaide, South Australia | SkyPress News Key Takeaways Two people were killed after a twin-engine aircraft crashed into a…
Asian Markets Mixed Ahead of Fed Decision as U.S.-Iran Tensions and Rising Oil Prices Weigh on Sentiment
Asian Markets Mixed as Fed Decision Nears, U.S.-Iran Tensions Keep Investors on Edge Investors weigh Federal Reserve policy outlook, surging oil prices, and escalating geopolitical risks in the Middle East. Asian stock markets traded mixed on Wednesday as investors navigated a challenging landscape shaped by rising geopolitical tensions, elevated oil prices, and the highly anticipated…
