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German chemical giant BASF announced first-quarter earnings that exceeded expectations. The company also issued a warning about increasing uncertainty for the remainder of 2026 due to the Middle East conflict. These details were reported on April 30, 2026.
BloombergBASF reported earnings for the first quarter of 2026 that were stronger than expected, according to @business. The company's performance in the period from January to March surpassed forecasts, marking a positive start to the year for the chemical producer.
BASF warned that the ongoing Middle East conflict is making the outlook for the rest of 2026 increasingly uncertain, as stated in its announcement.
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Iran directed Yemen's Houthi movement to stand ready to close the Bab el-Mandeb strait if the United States attacks its power network. The order follows recent U.S. strikes and Iran's closure of the Strait of Hormuz. Shipping routes face added risk.
forbes.comThe average 30-year fixed mortgage rate increased to 6.55 percent this week from 6.49 percent last week, Freddie Mac reported Thursday. The 15-year rate also rose, while the 10-year Treasury yield reached 4.57 percent.
news.sky.comBritain's visible trade balance recorded a deficit of 18.66 billion pounds in May. The overall trade balance deficit also narrowed from the prior month.