Business News - Page 28
Crude jumps over 2 per cent on fresh US–Iran military escalation
Oil prices surged more than 2 per cent after renewed military clashes between the United States and Iran heightened fears of supply disruptions through the Strait of Hormuz, pushing Brent crude above $103 a barrel
Netherlands flight attendant hospitalized after hantavirus exposure linked to Johannesburg case
Health authorities say symptoms are mild as officials monitor possible exposure linked to rare virus case
UK builders battered by sharpest construction cost surge in nearly four years amid Iran war disruption
Soaring material costs, shipping delays through the Strait of Hormuz, and weakening demand pushed Britain’s construction sector deeper into contraction in April.
Oil slides below $100 as easing Hormuz tensions cool global supply fears
Brent crude slipped below the crucial $100-per-barrel mark on Thursday, while US benchmark WTI fell more than 3 per cent as signs of easing tensions around the Strait of Hormuz triggered a sharp pullback in global oil markets
The $3.1 billion mystery: Who keeps betting on Iran headlines before they break?
Uncanny timing of oil trades ahead of sensitive Iran developments draws scrutiny from US regulators and lawmakers
India an outlier as global fuel prices surge 65% over Hormuz blockade amid US-Iran conflict
India has remained an outlier in global fuel markets, keeping petrol and diesel prices unchanged even as a US-Iran conflict-driven blockade of the Strait of Hormuz triggers up to 65 per cent fuel price surges across major economies
Saudi Arabia’s deficit widens to $33.5 billion as oil revenues slip and Hormuz crisis drives spending surge
Q1 gap hits $33.5 billion, largest since 2018, as Hormuz disruption dents revenues and spending surges
Japan’s Nikkei tops 62,000 for first time as Iran peace hopes fuel Asia rally
Asian markets surged to record highs as Japan’s Nikkei crossed 62,000 for the first time, driven by optimism over possible Iran peace talks, strong AI-led tech earnings and a rebound in the yen
'Mamdani put me in harm's way': Citadel CEO says shifting investment to Miami after NYC mayor's tax video
Citadel CEO Ken Griffin says the hedge fund is expanding investment and jobs in Miami after New York City Mayor Zohran Mamdani’s viral wealth-tax video outside his Manhattan penthouse, claiming the mayor “put me in harm’s way”
Uber and Disney see resilient spending despite Iran war-driven slowdown fears
Uber and Disney delivered strong earnings and upbeat forecasts, signalling that US consumers continue spending on travel, ride-hailing and entertainment despite soaring fuel prices and geopolitical tensions linked to the Iran conflict
Novo sees comeback as weight-loss pill boom revives investor confidence
Novo Nordisk shares surged after strong demand for its new weight-loss pill helped the Danish drugmaker beat quarterly profit forecasts and raise its full-year outlook amid intensifying rivalry with Eli Lilly
Oil rebounds after steep sell-off as markets reassess Iran-US peace prospects
Oil prices rebounded after a sharp sell-off as investors weighed prospects of a possible Iran-US peace deal and its impact on global crude supply and West Asia tensions
India’s exports hit record $863 billion in FY26, services sector leads growth surge
Strong demand for IT and business services drives India’s export engine, with all four quarters posting record performances
Oil slides on US-Iran deal hopes; Brent drops over 8% to one-month low
Easing tensions over the Strait of Hormuz trigger sharp sell-off in crude as markets bet on supply normalization
India, New Zealand eye $20 billion investment push with ‘single desk’ plan
FTA-backed mechanism to fast-track approvals, boost trade, and unlock long-term capital flows
Sergio Gor hails Indian investment drive in US, says firms set to pour $20.5 bn into American economy
Indian companies are planning over $20.5 billion in investments in the US across technology, manufacturing and pharmaceuticals, signalling stronger bilateral ties and a push to boost jobs and supply chains
Why a US-UAE currency swap deal could matter for global markets
A proposed currency swap line between the United States and the United Arab Emirates could reshape global liquidity flows, stabilise energy-linked markets, and reinforce the dominance of the dollar in a volatile geopolitical environmen
Mythos threat ‘real’, says expert as SEBI moves to fortify markets against AI cyber risks
India’s markets regulator SEBI has flagged growing cybersecurity risks from advanced AI tools like Mythos and formed a dedicated task force to strengthen safeguards across the financial ecosystem
Why the Hormuz crisis is pushing UK borrowing costs to their highest since 1998
Oil shock fears, inflation risks and fiscal strain converge as markets sharply reprice UK debt amid escalating Strait of Hormuz tensions
India services PMI rises to 58.8 in April as domestic demand offsets global headwinds
India’s services PMI rose to 58.8 in April, signalling stronger growth driven by domestic demand, even as global uncertainties and West Asia tensions weighed on exports and business confidence
AI funding war heats up: OpenAI’s $4 billion raise draws instant counter from Anthropic
OpenAI’s $4 billion fundraise and Anthropic’s rapid Wall Street-backed counter mark a new phase in the AI race, with both firms shifting focus from model building to large-scale enterprise deployment
India top recipient of remittances with $137 bn flowing into the country in 2024, says UN report
India retained its position as the world’s largest recipient of remittances in 2024, with inflows exceeding $137 billion — the only country to cross the $100 billion mark — according to the World Migration Report 2026
Oil drops as Trump halts Hormuz reopening push, raising hopes of de-escalation
Oil prices fell after Donald Trump paused efforts to reopen the Strait of Hormuz, raising hopes of de-escalation, though supply risks persist and US fuel prices remain elevated ahead of peak summer demand
US petrol tops $4.50 for first time since 2022, fuelling election pressure on Trump
US petrol prices have crossed $4.50 per gallon for the first time since 2022, driven by West Asia tensions tightening fuel markets ahead of peak summer demand, adding political pressure on President Donald Trump
US trade deficit widens to $60.3 billion in March as imports outpace export gains
Higher imports of autos, consumer goods and capital equipment offset a rise in energy exports, even as the year-to-date deficit narrows sharply
Canada returns to trade surplus as oil surge and gold demand drive export boom
Energy and metals power a sharp rebound in March, with record non-U.S. exports and a widening surplus with the United States
Cash transfers become India’s consumption shock absorber as states ramp up welfare payouts
Crisil flags rising role of Rs 1,500 monthly handouts in supporting low-income demand, even as state borrowings surge
To Lam in India: BrahMos on agenda as Vietnam eyes supersonic missile Philippines, Indonesia have signed for
Defence, trade and Indo-Pacific strategy in focus as President To Lam begins key India visit; BrahMos deal discussions gain traction
AI boom powers Taiwan, South Korea to record market caps, reshaping global equity rankings
Chip-led rally adds $4.6 trillion in value, with Taiwan poised to challenge India’s market position
Who is Claire Mazumdar, Kiran Mazumdar-Shaw's chosen successor at Biocon?
Kiran Mazumdar-Shaw has identified her niece Claire Mazumdar as the future leader of Biocon, marking a major leadership transition in India’s biotech sector. With global experience in oncology and venture capital, Claire’s rise signals a shift towards biologics and AI-driven drug development