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Nearly 3 lakh PNG connections added in March: Govt
Petroleum secretary Neeraj Mittal, in an online post, said that by giving up their LPG connections, people have helped those who don’t have access to gas cylinders. “Join this strong, bold group of do-good citizens who have come forward to give up LPG to help those get LPG who don’t have PNG,” he sa...
Hong Kong IPO Revival Hits Snags, Raising Stakes for Big Deals
Hong Kong’s relentless surge in share sales over the past year is beginning to encounter headwinds, potentially slowing deal momentum and raising the stakes for a wave of jumbo transactions in the pipeline.
Hong Kong on ‘yellow alert’, Kadoorie says, as Middle East war fuels energy crisis
The conflict in the Middle East has triggered a global energy crisis that serves as a “yellow warning” for Hong Kong, which so far has escaped the severe impact seen elsewhere, tycoon Michael Kadoorie has said. “At this point, I think we’re very lucky. Now we touched on the story of fuel. It may imp...
Sketching a recovery: China’s art market puts next-gen buyers in the frame amid slowdown
China’s art market is showing tentative signs of recovery despite economic pressures, according to UBS, which cited rising participation from the next generation of wealthy families. “We have been seeing a rebound, with more trips for auctions and purchases [in China],” said Amy Lo Choi-wan, chairma...
War on Iran is about to make clothes more expensive. Here’s why
Planning to update your wardrobe this summer? Industry insiders have some advice: do it soon. By the time autumn collections hit the racks, the aftershocks of war on Iran may have quietly picked your pocket. Clothing manufacturers and industry analysts are warning consumers to budget for price incre...
Won Fall May Prompt Action, Korea’s $1 Trillion Pension CEO Says
The South Korean won’s weakness against the dollar during recent market turmoil may require action to stabilize it, the chief of the nation’s largest pension fund said. Kim Sung-joo sat down in Seoul for an interview with Shery Ahn. (Source: Bloomberg)
China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained
The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The towns that are the bulwark of China’s energy security can, at a moment of global crisis, appear deceptively quiet. Trucks carrying oil trundle along wide-open highwa...
LPG संकट के बीच केरोसिन की हुई वापसी, पेट्रोल पंपों पर होगी बिक्री, सरकार ने नियमों में दी ढील
LPG
US to allow Russian oil tanker to reach Cuba in possible lifeline for Caribbean island
The US is allowing a Russian tanker full of crude oil to reach Cuba, the New York Times newspaper reported on Sunday, possibly granting a lifeline to the Caribbean island amid a de facto oil blockade imposed by Washington. Ship tracking data showed the Russian-flagged tanker Anatoly Kolodkin on S...
Nearly half of British families having to dip into savings or sell possessions to cover essentials, survey reveals
Consumer confidence also plunged to its lowest levels since the end of 2022 as a 'ripple of fear' spreads about the impacts of the Middle East conflict, the Consumer Insight Tracker from Which? revealed.
ECB Must Anchor Inflation Expectations, Villeroy Tells La Stampa
The European Central Bank is prepared to act to rein in inflation expectations, though betting on dates for potential interest-rate hikes is premature, Governing Council member Francois Villeroy de Galhau told La Stampa.
CTG Duty Free Looks to Earnings Catalyst to Snap 39% Rout
China Tourism Group Duty Free Corp.’s shares may be poised to shift course after a weak run this year, as stabilizing sales and improving demand from its key Hainan business support the outlook, analysts say.
Dalal Street heads for holiday-shortened week amid Mahavir Jayanti, Good Friday
Indian stock markets face a shortened trading week with closures on Tuesday, March 31, for Mahavir Jayanti and Friday, April 3, for Good Friday. This marks the end of the financial year on a holiday. Commodity traders on MCX will have a partial opening on Mahavir Jayanti but will be fully closed on...
Oil Gains as Houthi Attacks Raise Fears of Iran War Escalation
Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears of escalation and threatening further tumult for energy markets.
Why Kenneth Rogoff thinks China’s yuan will be a reserve currency ‘in the next 5 years’
Professor Kenneth Rogoff of Harvard University has repeatedly warned that the US dollar is approaching a crisis of legitimacy. Having written extensively on the global recession in the late 2000s, Rogoff has turned his focus to the US currency’s increasingly unstable place at the top of the world’s...
Are Australia’s Low Fuel Reserves Cause for Concern?
Despite being a major energy exporter, Australia relies heavily on imported refined fuel to power transport, agriculture and other parts of its economy, leaving it highly exposed to disruptions in global supply chains.
دادهها نشان میدهد قیمت بنزین در ۱۲ ایالت آمریکا نسبت به هفته گذشته کاهش یافته است
دادههای تازه نشان میدهد پس از افزایش قابل توجه قیمت بنزین در آمریکا طی یک ماه گذشته، در برخی ایالتها روندی نزولی آغاز شده، هرچند میانگین ملی همچنان در سطح بالایی باقی مانده است.
South Korea Finance minister hints at expanding vehicle rotation system to private sector if oil prices further rise
SEOUL: South Korea Finance Minister Koo Yun-cheol said Sunday the government could expand a mandatory five-day vehicle rotation system to the private sector if global oil prices rise to US$120-130 per barrel as part of nationwide energy-saving efforts amid an escalating conflict in the Middle East....
Ethiopia seals $13 billion worth of deals at investment conference
Ethiopia has secured $13 billion worth of investment deals, the state investment commission said, after a conference aimed at attracting capital into a range of economic sectors. Like other frontier economies in Africa, the East African nation has been seeking to boost foreign direct investment,...
US tax overhaul's lure could be deceptive
Chinese scholars said market expectations should remain objective on Washington's approval of a tax overhaul and they expect its benefits targeting special groups in the United States will be limited.