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The Korean Tanker Tycoon Winning Big From the Iran War — WSJ

By Costas Paris and Joe WallaceA hulking tanker known as the Plata Carrier steamed out of the Strait of Hormuz last week carrying 2 million barrels of crude. More than four months after it entered the Persian Gulf, the blue-red ship is now en route to India.The vessel, and more than a dozen others…

Dow Jones Newswires en
Futures
dow-jones

Con Edison Calls for Power-Saving, Reduces Voltage by 8% in Some Areas — Update

By Josh BeckermanNew York-based utility Con Edison asked customers in parts of Queens, the Bronx, Manhattan, Staten Island and Westchester to avoid using energy-intensive appliances until crews complete repairs during the heat wave.The utility, which is part of Consolidated Edison, reduced voltage…

Dow Jones Newswires en
StocksUS
NEWS dow-jones

Thin Holiday Market Raises Risk Of Further Tactical Yen Intervention — Market Talk

JPY is the strongest G10 currency, with USD/JPY falling from above 162 to around 161.0, amid reports Japanese authorities may be shifting away from calibrated jawboning toward more surprise-based intervention tactics, says NAB in a note to clients. The issue for JPY remains that fundamentals still…

Dow Jones Newswires en
Forex
NEWS dow-jones

Traders Watch Horizon For Further USD/JPY Intervention — Market Talk

USD/JPY is lower, weighed down by suspected intervention to support the yen that kicked in around five hours ahead of news of cooler-than-expected U.S. employment data, says Tony Sycamore, market analyst at IG Markets. He expects another round of intervention over the next one or two trading sessio…

Dow Jones Newswires en
Forex