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Chinese Factory Activity Slips as War Lifts Exporters’ Costs
China’s factory activity slowed in March for export-oriented firms as their costs surged, according to a private survey, contrasting with an official gauge that showed manufacturing improving despite the Iran war.
Subprime Lender Goeasy Sees Elevated Writeoffs Before Business Improves
Subprime lender Goeasy Ltd., which surprised investors weeks ago with a surge of bad debts in its vehicle financing business, said it expects loan writeoffs to remain elevated for a while before getting better later in the year.
Asia Manufacturing Holds Up But Cracks Show as War Lifts Prices
Manufacturing across much of Asia expanded in March, with activity improving in South Korea, Malaysia and Thailand, even as other economies saw the impact of energy supply disruptions from the US-Israeli war on Iran that have pushed oil prices higher.
Chalmers says small business ‘paying the price’ for Middle East conflict as he unveils support measures
Australian treasurer says Iran war having ‘extreme impact on global economy’ as Albanese to address nation about fuel crisis Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastJim Chalmers has unveiled a suite of Covid-era support measure...
India’s Rupee Seen Sliding to 100 per Dollar as Oil Prices Surge
India’s rupee may weaken to a record 100 per dollar or beyond if the Iran war drags on, with strategists warning that authorities’ efforts to slow its roughly 10% drop over the past year may only provide temporary relief.
US की छूट के बाद फिर शुरू हुआ भारत-ईरान तेल व्यापार, गुजरात आ रहा टैंकर
US
How Iran war is disrupting fertiliser supply, impacting India's agricultural sector
How Iran war is disrupting fertiliser supply impacting Indias agricultural sector
Will surging fuel prices push Filipinos deeper into credit card debt?
Rising fuel costs linked to the Middle East conflict could push more Filipinos deeper into debt, analysts have warned, with one regional study describing the Philippines’ credit card burden reaching a “critical” risk level. Although credit card ownership in the Philippines remains relatively low, da...
LNG supplies under force majeure, not available for power generation, say officials
ISLAMABAD: Government officials said during a public hearing on Tuesday that liquefied natural gas (LNG) supplies were under force majeure and not available for power generation. Force majeure is a clause included in contracts that allows a party to be excused from its obligations due to circumstanc...
West Asia war: Is the world staring at an energy crisis?
West Asia war Is the world staring at an energy crisis
16-year wait for piped gas: Mumbai societies flag delays despite pipelines in place
year wait for piped gas Mumbai societies flag delays despite pipelines in place
Bipartisan senators unveil measure targeting rural housing costs
A bipartisan group of senators unveiled legislation Tuesday aimed at making it easier for people living in rural areas to buy homes, as affordability remains top of mind for lawmakers and voters heading into the midterms. The legislation, first reported by NBC News, would help nearly 30 million ho...
Two-thirds of UK hospitality businesses plan to cut jobs and one in seven will close, survey finds
Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholdsTwo-thirds of hospitality businesses are planning to cut jobs as a result of “suffocating” costs imposed by government, as new business rates and higher wage bills come into force.Man...
Want to boost the UK’s birthrate? Fix the housing crisis, research suggests
Policymakers should address financial barriers that hinder young people from starting families, says thinktank Politicians hoping to persuade young people in the UK to have more children should prioritise tackling housing affordability, according to research by the Resolution Foundation thinktank.Th...
Trump says US could end war in Iran in 2 to 3 weeks
President Donald Trump said on Tuesday that the US could end its military campaign against Iran within two to three weeks. “We’ll be leaving very soon,” he told reporters in the White House’s Oval Office, adding that the exit could take place “within two weeks, maybe two weeks, maybe three”. The...
Why Carson Block Is Placing Bearish Bets on Credit ETFs
Carson Block, founder and CEO of Muddy Waters Research, explains his bearish outlook on credit markets, highlighting expectations for credit spreads to widen significantly. He speaks during an interview on "Bloomberg The Close." (Source: Bloomberg)
More rain for Delhi this week, IMD warns of thunderstorms across North India | See forecast
Isolated to scattered rainfall activity is likely in parts of Punjab, Haryana, Chandigarh and Delhi, west Uttar Pradesh and west Rajasthan on March 31, says IMD
‘What can you expect from a govt with people like Netanyahu?’: Palestinians horrified by Israel’s new death penalty law
Fear for her son’s fate kept Maisoun Shawamreh awake through the night in the occupied West Bank following the Israeli parliament’s approval of a law permitting the execution of Palestinians convicted of deadly attacks. “The mothers of prisoners — none of us slept last night,” Shawamreh told AFP as...
Price of Brent Should Be Higher to Reflect Situation in Iran War, Says Ellen Wald
Ellen Wald, president of Transversal Consulting and senior fellow at the Atlantic Council, said that despite high oil prices she feels the price of brent should be even higher to reflect the reality of the situation amid the war with Iran. Wald said that the US could better insulate itself from the...
Food Industry is 'Crazy and Wild' as Costs, Prices Rise, Says Stew Leonard's CEO
Stew Leonard Jr, president and CEO of grocery store Stew Leonard's, said that grocery store owners don't want to raise prices on consumers, but that the landscape of high fuel and food prices has made it tough to maintain profit margins. (Source: Bloomberg)