News

JODI: Saudi Arabia’s crude oil inventories increased by 2.827 million barrels in May to 142.794 million barrels.

JODI: Saudi crude oil exports fell by 552,000 barrels per day month-on-month to 3.434 million barrels per day in May.

According to the Wall Street Journal: U.S. lawmakers seek details of past private equity acquisitions of fire truck manufacturers.

General Motors (GM.N): It is expected to achieve more than 850,000 Super Cruise subscribers by the end of the year; OnStar is expected to achieve approximately 1 million subscriber growth in 2026.

General Motors (GM.N): Recorded $10.9 billion in electric vehicle-related expenses since the second half of 2025, of which $7.2 billion was a cash impact.

General Motors (GM.N): Will significantly shift production to the United States to further reduce tariff risks.

General Motors (GM.N) expects full-year net profit of US$8.4 billion to US$9.8 billion.

General Motors (GM.N) expects full-year adjusted earnings of $12 to $14 per share.

General Motors (GM.N) raised its fiscal 2026 guidance and announced a quarterly dividend.

General Motors (GM.N) shares rose in pre-market trading, currently up more than 4%.

General Motors (GM.N) Q2 revenue in 2026 is US$48.03 billion, market expectations are US$47.011 billion, and US$47.122 billion in the same period last year.

Russian Deputy Prime Minister Novak: The situation in some regions is still difficult.

Russian Deputy Prime Minister Novak: The fuel market is partially stable.

BlackRock (BLK.N), Carhartt, Ford Motor Co (F.N) and Google (GOOG.O) have launched a new alliance aimed at expanding skilled workforce training.

Market news: Explosions were heard at the U.S. Fifth Fleet headquarters in Bahrain. Alerts have been sounded in Manama, the capital of Bahrain, and residents have been asked to stay in shelters.

The Russian government issued a decree prohibiting ships from anchoring in areas without air defense protection in the Port of Azov on the Sea of ​​Azov and the Caucasus Port in the Kerch Strait.

[Julius Baer: Most Asian Central Banks Likely to Hold Rates Steady] Magdalene Teo, Asia Fixed Income Analyst at Julius Baer, noted in a report that with renewed escalation of tensions between the US and Iran, most Asian central banks are likely to maintain their current interest rates and remain hawkish. The report stated that economic growth in Asia is expected to slow this year due to supply chain disruptions and the ongoing impact of global energy price shocks, putting pressure on both consumers and traditional industries. Teo anticipates that the central banks of Japan, South Korea, Indonesia, and the Philippines will maintain a hawkish stance. She stated, "However, if US economic data continues to weaken, a weaker dollar could provide some room for Asian central banks to support economic growth."

The Reserve Bank of India: The draft rules include the adoption of principle-based, investor-neutral terms to adapt to evolving business practices.

Reserve Bank of India: The draft rules clearly differentiate between the procedural provisions of the Foreign Exchange Management Act (FEMA) and policy and industry-specific requirements, including streamlining procedures, reducing compliance burdens, and providing greater operational flexibility through an investor-friendly regulatory framework.

KNDS said it stands ready for an initial public offering and welcomes the German government to take a stake.