Latest News, Updates & Breaking Headlines
India’s economic outlook continues to be supported by strong domestic demand and improving high-frequency indicators, even as rising geopolitical tensions in the Middle East add a fresh layer of global uncertainty and raise the risk of stagflation, Morgan Stanley said in its recent report.The report said that “domestic demand remains resilient; however, headwinds are emerging…
Precious metals are likely to remain in a corrective phase in the coming week, with investors expected to closely track developments in the Middle East and a packed calendar of global economic data for fresh cues.Analysts cited by news agency PTI said that speeches by US Federal Reserve Chair Jerome Powell on Monday, along with…
Indian equity markets in March saw foreign investors pulling out Rs 1.14 lakh crore, making it the highest monthly outflow on record. The sharp withdrawal has been largely attributed to rising tensions in the Middle East, pressure on rupee, and growing concerns over how elevated crude oil prices could weigh on the country’s growth.With just…
Kharg Island, left, and Qeshm Island US President Donald Trump is weighing several military options against Iran, with a focus on key islands in the Persian Gulf. The islands are strategically important because of their proximity to the Strait of Hormuz, a critical energy chokepoint, and their role in Iran’s oil industry and military defenses….
Strait of Hormuz (AP photo) NEW DELHI: Indian seafarers navigating the Strait of Hormuz are grappling with GPS disruptions, warnings of underwater mines and the absence of a clear navigation authority even as Iran, in a big relief to New Delhi, announced the safe passage for containers belonging to “friendly nations”.Ships in the region are…
Government has revised its fuel duty structure, lowering the special additional excise duty on petrol to Rs 3 per litre while removing it entirely on diesel. The decision comes against the backdrop of ongoing disruptions in global oil supply chains due to the conflict in the Middle East, where Iran continues to tighten control over…
Wall Street’s key indices opened lower on Thursday after gains in the previous session, as investors turned cautious over evolving developments in the Middle East and weighed the prospects of any de-escalation in the conflict.At the opening bell, the Dow Jones Industrial Average slipped 84.8 points, or 0.18%, to 46,344.64. The S&P 500 declined 36…
Oil price today: Oil prices inched higher on Thursday, once again swinging past the $100 mark after a sharp drop in the previous session. Brent crude rose by $1.13, or 1.1%, to $103.35 a barrel by 0051 GMT, while US West Texas Intermediate crude gained $1.08, or 1.2%, to $91.40 a barrel. The rebound follows…
US President Donald Trump on Wednesday accused Democrats of attempting to “create inner chaos” to distract from what he described as a “great military achievement” in Iran, while also escalating his rhetoric on immigration and signaling he may deploy the National Guard to address issues at airports.In a series of posts on Truth Social, Trump…
The Middle East crisis is sending shockwaves far beyond the region, unsettling everything from oil markets to stocks and currencies. At a time when markets around the world are already volatile, Pakistan, which is already grappling with a fragile economy, is finding itself on the brink of an economic crisis. Concerns are rising around inflation,…
