Business News - Page 6

Iran war, oil and inflation: Commodity traders hiring spy consultants as gold loses safe-haven shine

Escalating Iran war is disrupting global commodity markets, pushing traders to rely on covert intelligence networks for real-time data

West Asia crisis impact limited so far, but prolonged Strait of Hormuz disruption may hurt India: Jefferies

Jefferies says markets have stayed resilient despite intense Middle East tensions but warns that any prolonged disruption in the Strait of Hormuz could hit energy-dependent Asian economies such as India through higher inflation, supply stress and slower growth.

ECB flags 6.3% inflation risk by 2027 under worst-case Iran war scenario

ECB warns euro-zone inflation could rise to 6.3 per cent by 2027 under a severe Iran conflict scenario, raising recession risks and rate hike bets

Iran war:  US among new markets. India eyes buying LPG from as global prices a multi-year high

With the Gulf accounting for nearly 60% of India’s LPG consumption, New Delhi is scrambling to diversify imports, boost refinery output and protect household cooking fuel supplies as Middle East tensions disrupt trade through the Strait of Hormuz.

Central banks raise stagflation alarm as Iran war jolts global energy markets

Central banks across major economies have raised alarms over rising stagflation risks as the Iran war disrupts global energy supplies, pushes oil prices higher, and forces markets to reprice interest rate expectations

US not considering oil, gas export ban amid Iran war price surge: Report

Oil prices ease as the US and allies move to boost supply and secure the Strait of Hormuz, while the Trump administration rules out export curbs despite rising fuel costs and geopolitical tensions

Sensex rebounds 850 points, Nifty tops 23,200 as oil eases after global rout

Indian markets rebound sharply in early trade, with Sensex gaining 850 points and Nifty crossing 23,200 as oil prices ease and global sentiment stabilises after Thursday’s steep sell-off

Iranian strikes cripple Qatar LNG exports, trigger $20 billion loss and global supply fears

QatarEnergy CEO Saad al-Kaabi said on Thursday that Iranian attacks have disabled 17% of Qatar’s liquefied natural gas (LNG) export capacity, resulting in an estimated $20 billion in annual revenue losses

Hurun Global Rich List 2026: Elon Musk tops world’s 10 richest; Shah Rukh Khan returns with $1.3B

The latest Hurun Global Rich List 2026 reveals a record surge in billionaire wealth, with Elon Musk cementing his position at the summit through a massive valuation increase at SpaceX.

Silver sinks over 6%, gold slides nearly 4% as MCX commodities crack under Fed pressure

Silver dropped over 6 per cent and gold extended March losses as a hawkish Fed and strong dollar weighed on bullion

Iran war pushes China to draw oil from 1.4 bn barrel stockpile, ban refined fuel export: Report

China is preparing to tap its 1.4 billion barrel oil reserves and has curbed fuel exports as the Iran war disrupts Strait of Hormuz flows, exposing limits to Beijing’s energy shield

Sensex tumbles 2,500 points, Nifty drops 3.3% as Iran war escalation, oil surge trigger market rout

Indian markets ended sharply lower, with the Sensex falling over 2,400 points and Nifty down 3.26 per cent, as Iran war escalation, surging oil prices and global risk-off sentiment triggered a broad-based sell-off

Recession odds at 49%: Economists split on how long US can absorb $100 oil

US recession odds have climbed to 49%, with economists divided on whether the Iran war-driven oil surge will derail growth or prove manageable for a resilient American economy

JPMorgan exits China tycoon Tang Hao’s account over KYC concerns

JPMorgan Chase has exited Chinese investor Tang Hao’s private banking account over KYC concerns, despite the client generating millions in revenue

Can the Red Sea replace the Strait of Hormuz amid global oil crisis?

As the Strait of Hormuz faces closure amid escalating West Asia tensions, global energy markets are scrambling for alternatives. The Red Sea has emerged as a temporary route, but capacity limits, security risks, and LNG constraints raise serious questions about its ability to replace the world’s most critical oil chokepoint

European gas surges 30%, oil hits $114 as West Asia strikes roil markets

European gas surges 30% and oil hits $114 as strikes on key Gulf energy hubs escalate, rattling global markets and raising supply fears

RBI clears HDFC Bank of governance concerns after chairman exit; says lender remains well-capitalised

The RBI said it found no governance or conduct concerns at HDFC Bank after its chairman’s exit, adding the lender remains well-capitalised with strong liquidity, helping ease market fears

UK slaps 50% tariff on steel imports, tightens quotas to shield domestic industry

The UK tightens steel import quotas and imposes 50% tariffs to protect domestic producers, aligning with global measures amid a surge in cheap Chinese steel

HSBC eyes up to 20,000 job cuts as AI overhaul gathers pace: Report

HSBC is considering cutting up to 20,000 jobs over the next few years as it accelerates its AI-driven restructuring and cost-cutting strategy

‘No intention of leaving until…’: Powell digs in as probe clouds Fed transition

US Federal Reserve Chair Jerome Powell vows to remain at the Federal Reserve until a DOJ probe concludes, delaying succession plans and deepening tensions with President Donald Trump

HDFC Bank chairman exit not linked to governance or regulatory concerns: Report

HDFC Bank chairman Atanu Chakraborty’s exit was driven by personal differences with management, not governance or regulatory concerns

HDFC Bank shares slump over 5% after chairman exits citing ‘values and ethics’ concerns

HDFC Bank shares fell over 5% in early trade after chairman Atanu Chakraborty resigned citing “values and ethics” concerns, triggering investor worries over governance and leadership stability

Bank of Japan holds rates at 0.75%, flags upside inflation risks from Iran war

The Bank of Japan kept its policy rate at 0.75%, citing moderate economic recovery, while board member Hajime Takata dissented, calling for a rate hike amid rising inflation and West Asia tensions

Indian markets tumble over 2% at open as oil shock, hawkish Fed and HDFC Bank rout rattle sentiment

Indian equity benchmarks Sensex and Nifty 50 plunged over 2% in early trade, weighed down by a surge in Brent crude above $110 amid Iran war escalation, a hawkish US Federal Reserve stance, and a sharp sell-off in HDFC Bank

Indian markets set to plunge as Brent crude tops $110 on Iran war escalation and hawkish Fed stance

Indian shares are set to open sharply lower on Thursday as Brent crude jumped above $110 a barrel following a fresh escalation in the Iran war, while a hawkish US Federal Reserve added to growth worries

$110 and climbing: Gas field strike pushes oil to new high as US offers a fix that may not work

Oil tops $110 as Iran-Qatar gas field strike escalates West Asia tensions; US offers measures unlikely to ease global price surge

HDFC Bank chairman Atanu Chakraborty quits over 'values and ethics'

Chakraborty highlighted that he had overseen “momentum events” during his tenure, including the merger of HDFC Bank with HDFC Ltd, while noting that the full benefits of the move are yet to materialise

Bank of Canada holds rates, signals readiness to hike if energy-driven inflation persists

The Bank of Canada keeps its key policy rate at 2.25% but signals readiness to hike if rising energy prices trigger persistent inflation, citing uncertainty from the West Asia conflict and domestic economic headwinds

US producer inflation jumps to 3.4% in February, dashing hopes of cooling prices

A stronger-than-expected rise in US producer prices in February has added to concerns that inflationary pressures are building again, with higher services costs and rising oil prices likely to keep the Federal Reserve cautious on rate cuts.

India steps up energy diversification as Hormuz disruption roils markets: S&P

S&P Global Energy says India is facing rising freight, tighter LNG supplies, LPG risks, and petrochemical disruptions as the Strait of Hormuz crisis