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Nigeria Weighs $5 Billion Swap Deal With UAE Bank as Costs Rise
Nigeria plans to raise $5 billion from the United Arab Emirates’ largest lender in a derivatives deal to cut borrowing costs, joining a growing number of African nations using the instruments as the war in Iran drives yields higher.
Jet fuel prices more than double; brace for steep airfare hikes
Indian airlines face a significant surge in airfares as jet fuel prices have more than doubled for April, driven by the Iran war. This drastic increase, coupled with a weakening rupee, is expected to lead to fare hikes and potential flight reductions as airlines grapple with soaring operating costs.
Schroders Sees Ongoing Need for Commodities Exposure
Remi Olu-Pitan, multi-asset growth and income head at Schroders, discusses the outlook for stocks, bonds and commodities after President Donald Trump again signaled the potential end to the Iran war that’s roiled markets. "We are in an environment of heightened geopolitical risk," Olu-Pitan tells Bl...
Shipping lines, traders agree on fair pricing, transparency
ISLAMABAD: Shipping lines have reached an agreement with traders to ensure fair pricing, advance disclosure of costs, and minimal diversion of cargo except in emergencies, in a bid to address concerns of the business community over non-transparent shipping charges and cargo handling practices. A c...
Speculation pushes Iranian rial fourfold against rupee
KARACHI: The value of the Iranian rial has surged nearly fourfold against the Pakistani rupee during the ongoing war, driven by speculative buying and increased cross-border trade, while demand for the currency remains high, market sources said on Tuesday. The price rose from Rs2,500 per 10 million...
Ganfeng Lithium forecasts strong battery demand amid China-US rivalry in renewable energy
China’s Ganfeng Lithium, the world’s largest producer of lithium metal, is envisioning an “explosive growth” in the global energy storage system (ESS) market in 2026, spurred by higher prices of the key battery material and buoyant demand for renewable energy infrastructure. Executives including pre...
Commercial LPG cylinder prices hiked by Rs 195.5 amid Iran war
Commercial LPG cylinder prices hiked by Rs amid Iran war
How Israel dodged Hormuz energy crisis while others reel from the blow
Iran’s chokehold on the Strait of Hormuz has thrown the global economic system into turmoil, yet Israel, which launched attacks on Tehran alongside the United States, has emerged as a rare exception. Since Israel and its US ally started the Middle East war on February 28, economies from Asia to Euro...
Price of commercial LPG cylinders hiked by Rs 195.50 in Delhi
The increase in price comes despite the Delhi government increasing the allocation of commercial LPG cylinders to 50% of the average daily consumption, raising supplies from 1,800 to 4,500 cylinders (19 kg equivalent) per day in line with directives from the Centre. In Delhi, the price has increased...
At gas stations, Americans say they’re ‘paying the price’ of Iran war
Falls Church: At a gas station in the Washington suburbs, drivers confronted the harsh domestic repercussions of the war on Iran, as spiking fuel prices hit household budgets hard. Jeanne Williams, 83, had just driven 100 miles (160 kilometers) from Richmond, Virginia, where she was visiting her eld...
India’s biologics dream hits Chinese wall
A business journalist with around two decades of experience tracking key consumer-focussed sectors like consumer durables, retail, consumer goods, aviation, automobiles and advertising, as well as economic ministries of the Union government. Now, writes primarily on pharmaceuticals and healthcare, a...
Pakistan receives another petrol tanker as supply chain stabilises
Pakistan has received another tanker loaded with petrol as the supply chain continues to stabilise amid the Iran war. As per details, a vessel carrying petrol has arrived from Jizan Port, as part of ongoing shipments of petroleum and other cargo. According to sources, the tanker MT Petazoli has rea...
War weighs on IPO-led investor exits
Determine the monthly installment amount for a loan Estimate the returns on investments made through SIPs Find out maturity amount and interest earned on PPF Check maturity amount and interest earned on an FD Estimate the pension amount and corpus accumulated under NPS A Mutual Fund Calculator helps...
Empty petrol stations and volatile prices: Australia’s fuel crisis in charts
Track the latest data on fuel prices, outages and oil tanker deliveriesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been c...
Equities Surge Could Unravel in Wall Street Trading: Analysis
Bloomberg's Mark Cranfield looks ahead to today's trading on Wall Street after US stocks rallied into Tuesday's close on optimism that a resolution to the war in Iran will ease crude oil flows and support economic growth. (Source: Bloomberg)
China gains ground in DR Congo’s mining sector as Australian firm loses permits
Two significant decisions within eight days made by the government of the Democratic Republic of Congo reflect the current state of its mining industry, where Chinese companies have emerged as preferred partners. On March 19, DR Congo’s Mining Registry announced the cancellation of mining permits he...
RBI extends US tariff relief as Iran strife disrupts trade
Determine the monthly installment amount for a loan Estimate the returns on investments made through SIPs Find out maturity amount and interest earned on PPF Check maturity amount and interest earned on an FD Estimate the pension amount and corpus accumulated under NPS A Mutual Fund Calculator helps...
Malaysian minister warns of ‘very, very serious’ energy crisis
The Malaysian government has entered “crisis mode” in response to the ongoing global energy supply disruption, its transport minister has warned. “This is not a laughing or joking matter. It is a very, very serious matter,” Transport Minister Anthony Loke said on Tuesday, as quoted by the New Strait...
US to re-examine NATO’s value after war with Iran — Rubio
The secretary of state says that the decision will be made by the president
Philippines races to secure oil: Marcos orders direct talks with Iran as Hormuz risks deepen
DUBAI 22°CGOLD/FOREXPRAYER TIMESNEWSLETTERSLOGIN GOLD/FOREXDUBAI 22°CPRAYER TIMES WORLDWORLDGULFMENAEUROPEAFRICAAMERICASASIAAUSTRALIA-NEW ZEALANDCORRECTIONS World / MenaPhilippines races to secure oil: Marcos orders direct talks with Iran as Hormuz risks deepenManila seeks ‘neutral passage’ deal wit...