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Reliance Caps Fuel Sales at $11 Per Pump Amid Growing Shortages
Reliance Industries Ltd. has capped fuel purchases across its retail outlets — limiting customers to about $11 worth of gasoline or diesel — as the Middle East crisis continues to choke off supplies despite a tentative ceasefire.
UAE can absorb spending pressure, recover quickly from short conflict, says World Bank
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]The World Bank on Thursday lowered growth forecasts for the Gulf Cooperation Council (GCC) and Middle Eastern countries in 2026 due to the regional conflict, but said the UAE has sufficient fiscal space to absorb temporary spending pressures and recover quickly from a short conflict.According to the latest edition of the World Bank Group’s Economic Update for the Middle East, N...
Bangladesh eyes more fuel from India amid Middle East volatility
Foreign Minister Khalilur Rahman has also sought more volumes of fertilizer from the neighboring country Bangladesh has sought more fuel from India to offset a supply shortage triggered by the Middle East conflict. Foreign Minister Khalilur Rahman, who was in New Delhi on an official visit on Wednesday, met with India’s minister of petroleum and natural Gas, Hardeep Singh Puri, and conveyed Dhaka’s re...
Lithium giant imposes export curbs
Suspended shipments will resume only if producers meet export, tax, and beneficiation conditions, Zimbabwe’s Mines Ministry has said Zimbabwe’s government has said it will impose export quotas on lithium concentrates and set conditions for the resumption of suspended shipments, tightening state control over a mineral critical to global battery supply chains. The southern African nation’s Mines Ministry ann...
Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Inflation was cooling. The Iran war could send it racing higher again.
MoneyWatch Inflation was cooling. Now the Iran war could push it back to 2024 levels. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi, Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Read Fu...
Fund That Dodged Rout Warns ‘Populist’ Policies to Hit Bonds
A bond fund which delivered a positive return during last month’s global debt selloff is betting yield curves will steepen globally as governments pursue expansive fiscal policies to cushion the blow of the energy shock.
BlackRock's Jewell Sees Damage to Earnings Expectations
Helen Jewell, CIO of fundamental equities at BlackRock, discusses the outlook for equities ahead of the corporate reporting season. "If you look at earnings forecasts at the moment for the year, they're still well into double digit — 15, 16, 17, 18% — so there's a lot of headroom for the earnings to come down a little bit," Jewell tells Bloomberg Television. (Source: Bloomberg)
Iron Ore Slides After Incoming BHP Chief Sighted in Beijing
Iron ore slid to its lowest in a month after a report that BHP Group’s incoming chief executive officer had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining giant and its main customer are thawing.
Sterling Is Carrying More of a War Premium Than Euro in Options
MarketsSterling Is Carrying More of a War Premium Than Euro in OptionsFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Vassilis KaramanisApril 9, 2026 at 8:02 AM UTCBookmarkSaveThe pound looks more vulnerable than the euro in options markets, a sign that traders see the UK as more exposed to a spike in e...
India Rally Shows Signs of Short Covering, Lacks Fresh Buying
MarketsIndia Rally Shows Signs of Short Covering, Lacks Fresh BuyingFacebookXLinkedInEmailLinkGiftExpandThe National Stock Exchange in Mumbai.Photographer: Dhiraj Singh/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Abhishek Vishnoi and Savio ShettyApril 9, 2026 at 8:01 AM UTCBookmarkSaveShort covering was a key driver of...
Ceasefire Stirs Bets on Asian Currencies: 3-Minutes MLIV
Anna Edwards, Guy Johnson and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
Odd Lots: Thomas Peterffy on IBKR’s Prediction Markets (Podcast)
Right now, when you think about prediction markets, you basically think about two main companies: Polymarket and Kalshi. And then when you think of what’s being traded on those platforms, there’s a whole range of stuff from elections to sports to real economic outcomes, to totally gonzo random stuff, like who will win the next season of Big Brother. So far, sports is where a lot of the money is. But at least in theory, prediction markets could be a popular instrument for professional, institutio
Thomas Peterffy Says There Should Be No Bans on Insider Trading
Thomas Peterffy, the billionaire founder and chairman of Interactive Brokers Group Inc., has an answer to the insider-trading concerns dogging prediction markets: stop trying to prevent it — for the good of society.
France’s Lescure Says Iran War Economic Impact Moderate for Now
French Finance Minister Roland Lescure said the impact of the Iran war on the economy is moderate for the moment and growth is on track to match the government’s expectations if the conflict doesn’t deteriorate.
Architect Norman Foster on Hong Kong's Ever-Changing Skyline
The legendary architect sits down with Bloomberg to discuss Hong Kong's cityscape and his vision for the future. He's visiting Hong Kong to celebrate the 40th anniversary of the HSBC building in the city. (Source: Bloomberg)
Oil price rises as markets question durability of Middle East ceasefire
Gas prices also increase, while global stock markets slip back after strong rally on WednesdayBusiness live – latest updatesOil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action.A day after the US and Iran announced an 11th-hour ceasefire, including an agreement to reopen the strait of Hormuz, many questions remain and...
Oil Unlikely to Go Back to Pre-War Prices, Energy Aspect Says
Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas facilities will take time to ramp up. "Anything new is probably not going to be coming into the Strait [of Hormuz]. Shipowners don't have that risk appetite for now," Gallarati says. Asked whether prices will fall back to pre-war levels, she says: "I wouldn't put my money on that." (Source: Bloomberg)
India’s Generic Copies Dent Eli Lilly’s Sales
The flood of cheap copies of Novo Nordisk A/S’ blockbuster drug semaglutide in India is already reshaping the country’s fast-growing obesity market, cutting into Eli Lilly & Co.’s early lead and offering a first real test of how Novo may fare as its patents expire worldwide.
Dangote Targets $40 Billion Investment in Africa Expansion Drive
The Dangote Group will need at least $40 billion of investment to fund a growth drive over the next five years that includes quadrupling fertilizer output and more than doubling its oil refinery capacity, the African Export-Import Bank said.