Page 7 - Bloomberg

Gold falls as US blockade of Strait of Hormuz raises inflationary risks

Bullion fell as much as 2.2 per cent to dip below $4,650 an ounce in early trading, before paring losses

RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens

Since the RBI first clamped down to support the battered rupee, which had hit record lows and was staring at the 100 per dollar mark, the local currency has gained around 2%

Oil markets scramble for supplies as West Asia shortfall drives prices

Traders said the panicky moves across the world's key physical oil markets demonstrated the scale of the shortfall that's due to be felt as loss of supplies from the West Asia leaves a growing gap

IMF, World Bank meet to assess fallout of Trump's Iran war on growth

IMF chief Kristalina Georgieva warned that the international community is becoming less able to respond to shocks

Saudi Arabia restores East-West pipeline capacity to 7 mn barrels per day

Output from Saudi Aramco's offshore Manifa oil production facility was also restored, the energy ministry said Sunday, though work continues at the Khurais onshore complex

US Navy ships transit Hormuz as mine-clearing efforts begin in Strait

Iran has asserted control over the strait through which roughly a fifth of the world's oil and liquefied natural gas typically flows, effectively halting most commercial traffic

Reliance seeks govt nod to buy Iranian crude ahead of US waiver deadline

Indian refiners stepped up purchases of Russian oil after the Trump administration granted waivers that are set to expire this month

UK govt puts Chagos Islands deal on hold after Trump's opposition

Trump in February said a plan to hand over Chagos Island to Mauritius, while retaining control of the joint US-UK military base of Diego Garcia through a lease, was a 'big mistake'

JD Vance, Witkoff, and Kushner reach Pak as Iran-US talks set to kick off

Iran's 71-member delegation will be led by Parliament Speaker Mohammad-Bagher Ghalibaf, Foreign Minister Abbas Araghchi and central bank Governor Abdolnaser Hemmati

OpenAI accuses Elon Musk of 'ambush' as $100 billion-plus trial looms

OpenAI said the objectives Musk proposed earlier appear to be aimed at 'sandbagging the defendants and injecting chaos into proceedings, while trying to recast his public narrative about his lawsuit'

Former OpenAI stargate leaders to join Meta platforms amid AI infra race

Peter Hoeschele, who played a critical role in OpenAI's Stargate initiative, is one of the new hires

Global funds dump Indian equities at record pace on oil shock, growth fears

In just over three months, they have pulled $18.84 billion from local shares, edging past the full-year record outflow of $18.79 billion seen in 2025, according to Central Depository Services India

Man held for throwing Molotov cocktail at Altman's home in San Francisco

Altman, 40, lives in San Francisco, and OpenAI is also headquartered in the city

'Iran has no cards': Trump threatens Tehran as Vance heads to Pak for talks

While the two-week ceasefire was broadly holding across West Asia, the situation with the strait and continued fighting between Israel and Hezbollah in Lebanon threatened to complicate negotiations

JD Vance emerges as Trump's Iran 'closer' in high-risk diplomatic test

US Vice President JD Vance will be accompanied by special envoy Steve Witkoff and Trump's son-in-law Jared Kushner

Tata Sons listing in public interest, have faith in govt, says SP Mistry

So far, no clear evidence-based case has been presented to explain how a public listing would materially damage the interests of the Tata Trusts or reduce their ability to serve beneficiaries, he said

Domestic refiners splurge on Russian oil as sanctions threat begins to fade

Imports from Russia averaged 1.98 million barrels a day in March, the highest since June 2023, according to data from intelligence firm Kpler

Bond market softens as RBI to withdraw cash in first move this year

The 10-year benchmark yield rose as much 4 basis points to 7 per cent after the Reserve Bank of India announced plans to withdraw liquidity of up to ₹2 trillion ($21.6 billion)

Is the world going to tariff Big Tech as WTO shifts digital trade rules?

Internet has been tariff-free for decades; if that changes, it's because the world has decided it can't allow the US to run its digital empire forever

China uses West Asia conflict to advance yuan's global payments debut

Beijing challenges US financial dominance across currency, messaging and settlement systems; even if Iran sanctions ease and dollar trust recovers, the yuan push will persist for future crises