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Hua Medicine on Earnings, Business Expansion Plans
Chinese biotech firm Hua Medicine sees robust growth in 2026 after reporting a 93% jump in full-year revenue. Speaking exclusively to Bloomberg's "The China Show," Chief Strategy Officer George Lin discusses the outlook for the company’s flagship drug dorzagliatin and plans to expand to additional m...
Russian tanker nears Cuba with much-needed oil as Trump softens tone
A Russian tanker full of crude oil has entered Cuban waters and was expected to reach port on Monday, possibly granting a lifeline to Cuba as US President Donald Trump appeared to relax a de facto oil blockade on the Caribbean island.
Oil jumps, stocks slide ahead of U.S. stock market open as Iran war rounds one month
Global oil prices jumped and U.S. stock futures slid ahead of Monday’s market open after the weekend saw Iran-backed Houthi militants launch ballistic missiles at Israel and 3,500 additional U.S. troops arrive in the Middle East as the conflict rounded one month.
RBI’s forced dollar unwind to keep rupee from sliding, bruise banks
Until Friday, banks could run net open positions of up to 25% of their net worth. In practice, large lenders often accumulated sizeable long dollar bets, sometimes in excess of of $1 billion, on expectations of rupee depreciation. The new cap forces a rapid reversal. By April 10, 2026, banks must cu...
Two of Australia’s largest souces of jet fuel could be cut off as South Korea and China eye restrictions
South Korea’s transport ministry says domestic airlines have asked authorities to redirect export-bound jet fuel back to the local market amid a supply crunch• Get our breaking news email, free app or daily news podcastSouth Korean airlines have asked their government to help redirect jet fuel expor...
No jail term for farm goods, textiles export rule slip-ups
Similarly, failure to furnish information or sample, or furnishing false information or sample and damaging books of account or refusal to furnish it will not result in a jail term of up to three months, instead a fine of Rs 10,000-25,000 can be levied under the Handlooms (Reservation of Articles fo...
Foreign brokerages cut India Inc’s earnings, index targets
Foreign broking major Goldman Sachs has cut the Nifty target to 25,900 points from 29,300 points earlier while Citigroup has revised down their target for the index to 27,000 points from 28,500 points earlier. On its part, HSBC said that historical trend shows that a 20% rise in oil price could drag...
Global Oil Market in for a Shock: Fahmy
Former US Associate Deputy Energy Secretary Randa Fahmy warns that the ongoing Middle East conflict could extend for a prolonged period. She speaks after Iran-backed Houthi militants in Yemen entered the conflict over the weekend. (Source: Bloomberg)
Oil and Aluminum Climb as Peace Push Ramps Up
Parts of Tehran lost electrical power after missile strikes on Sunday as Iran and its proxies lobbed attacks at US allies over the weekend and thousands more American military personnel moved into the region. Bloomberg’s Laura Davison reports on the latest.
Labor to halve fuel excise on petrol and diesel for three months after national cabinet meeting
Move comes five days after Jim Chalmers said Labor was not considering cutting the fuel exciseAnthony Albanese has slashed the fuel excise in half in a move which will save motorists 26 cents a litre, and is encouraging people to take public transport where they can, as the national cabinet announce...
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.