India has increased its non-Hormuz crude imports to 70% of total crude supplies, securing its crude supply position.
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India’s non-Hormuz crude sourcing has increased to 70% of imports, oil minister says
India has increased its non-Hormuz crude imports to 70% of total crude supplies, securing its crude supply position.
VIEW India’s February retail inflation quickens to 3.21% y/y
India’s retail inflation rose to 3.21% year-over-year in February, up from 2.74% in January, data showed.
SoftBank’s PayPay set for hotly anticipated Nasdaq debut after raising $880 million
SoftBank's PayPay is set to debut on Nasdaq after raising $880 million in its U.S. IPO.
Poland says foiled cyberattack on nuclear centre may have come from Iran
Poland foiled a cyberattack targeting its nuclear research centre and suspects Iran may be involved.
JPMorgan restricts lending to private credit firms, Bloomberg News reports
JPMorgan Chase limits lending to private credit firms after markdowns in loan portfolios, Bloomberg reports.
Morning Bid: Triple digit crude
Crude oil prices rise to triple-digit levels, affecting global markets.
India’s February retail inflation quickens to 3.21% y/y
India’s retail inflation rose to 3.21% year-over-year in February from 2.74% in January.
Wall St whisperers help financial firms navigate Iran conflict risks
Wall Street firms use ex-military advisors to anticipate Iran conflict risks.
India examining Bangladesh request for diesel supply
India is reviewing a request from Bangladesh for diesel supplies, official says.
HSBC, StanChart most exposed to Mideast conflict among European banks, J.P. Morgan warns
J.P. Morgan highlights HSBC and Standard Chartered's exposure to the Middle East conflict, risking earnings pressure.
Iran war unsettles India’s packaged water makers as bottles, caps get pricey
Iran war disrupts India's packaged water market as bottle and cap prices rise
World faces largest-ever oil supply disruption on Middle East war, IEA says
The IEA states the Middle East war causes the largest global oil supply disruption ever.
Inter-dealer broker TP ICAP’s profit jumps 3.6% on boost from market volatility
TP ICAP saw a 3.6% rise in annual pre-tax profit due to market volatility and strong broking performance.
UK’s Savills to acquire Eastdil Secured in $1.1 billion deal, including debt
Savills announced acquisition of Eastdil Secured at enterprise value $1.1 billion, including debt.
Explainer: How persistently high oil prices could impact India’s vulnerable economy
Economists warn prolonged high oil prices could strain India’s external balance and government finances.
BMW misses forecast in Q4 with margin in core auto segment
BMW reported a lower-than-expected operating profit margin in its core automotive segment for Q4.
Italian base in Iraqi Kurdistan hit by missile, defence ministry says
An Italian military base in Iraqi Kurdistan was hit by a missile overnight, with no reported injuries.
Partners Group warns private credit default rates could double in next few years, FT reports
Partners Group Chair Steffen Meister warned that private credit default rates could double due to economic disruption caused by AI.
Iran to allow India-flagged tankers pass through Strait of Hormuz, Indian source says
Iran will allow India-flagged tankers to pass through the Strait of Hormuz, an Indian source says.
A global energy squeeze is now unavoidable: podcast
Disruption in Middle East oil and gas flows signals early economic stress amid conflict.
Renewed oil surge pummels Indian assets, pushes rupee to record low
Indian assets fell and the rupee hit a record low due to a renewed surge in oil prices, despite RBI…
Oil climbs as tankers are attacked in Iraqi waters amid Middle East war
Oil prices increased after Iranian explosive boats attacked two tankers in Iraqi waters amid supply disruptions.
US to release 172 million barrels of oil from strategic petroleum reserve
The U.S. plans to release 172 million barrels of oil from its strategic reserve amid supply shocks from the U.S.-Israeli…
Morgan Stanley restricts redemptions at private credit fund after withdrawals surge
Morgan Stanley has limited redemptions at a private credit fund after a surge in withdrawals.
US opens new unfair-trade probes to rebuild Trump’s tariff pressure
The US has opened fresh trade probes targeting 16 key trading partners. This step follows the Supreme Court's rejection of…