Page 17 - Bloomberg/reuters

Iran conflict may ease China deflation fears, dimming rate cut bets

Unlike most economies, China didn't see the sharp spurt in inflation that followed reopening from the pandemic

Trading ban upends State Bank of India's $5 billion short, forces unwind

State Bank of India (SBI) is estimating losses of about ₹3 billion ($32 million) from the forced unwinding of these trades, the people said, asking not to be identified discussing confidential details

Turkish police kill gunman in shootout near Israeli consulate in Istanbul

The diplomatic mission is located in Levent, one of Istanbul's main financial districts, and surrounded by office towers, shopping malls and heavy foot traffic

India returns to buying Venezuelan oil to ease supply crunch amid Iran war

India is set to import the most oil from Venezuela in almost six years as over 12 million barrels head to its west coast, reflecting a strategic shift amid West Asia supply disruptions

Shapoorji Pallonji group gets relief on $3.4 billion private credit

Its financing arm, Porteast Investment, will temporarily raise its loan-to-value limit to 40 per cent from 34 per cent for four months through July 15

RBI set to hold rates while confronting weak rupee amid West Asia conflict

RBI now faces a dilemma over whether to raise interest rates to support the currency or keep borrowing costs low to cushion economic growth

Trump floats seizing Iran oil as he weighs expanding US energy dominance

Trump's proposal reflects push for energy dominance, but raises risks of deeper conflict and global fallout

New UNSC draft on Hormuz eases off threats of force to avoid veto risks

Russia, which is allied with Iran and holds veto power on the Security Council, had expressed its disapproval over some of the earlier language of the previous draft resolution

Trump threatens to jail journalists who reported on pilot rescue from Iran

Trump said that reports that mentioned that only one of the two pilots had initially been rescued threatened the attempt to rescue the other by tipping off the Iranians

Nasa's Artemis II crew heads back to Earth after record trip around Moon

At their nearest distance to the moon, the Artemis II's Lockheed Martin Corp.-built Orion capsule came within an estimated 4,067 miles of the lunar surface, according to calculations by Nasa

North American oil in demand as world grasps for supplies amid Iran war

Oil grades from Texas and North Dakota to Alberta are surging as refiners compete with rivals in Asia and Europe for barrels after weeks of strangled shipments via the Strait of Hormuz

OpenAI, Anthropic, Google join hands to combat AI model copying in China

Rare collaboration signals concern that China-based users are cloning their AI models, threatening prices, stealing customers, and raising serious national security risks

OpenAI urges grid, safety net spending to prepare for AI-driven changes

Many of the proposals are tied to social change driven by AI, which some fear could lead to widespread job losses

UAE's $3 billion loan recall adds strain to Pakistan's fragile economy

Pakistan managed to stabilize its economy in recent years with the help of loans from the International Monetary Fund and friendly donors like the UAE

Qatar LNG tankers turn back after failed attempt to pass through Hormuz

Transit through Hormuz would be a shot in the arm for Qatar, which supplied nearly a 5th of all LNG last year, even as the country's Ras Laffan export plant has been shut for over a month

Iran war: Hormuz traffic hits highest in weeks as more transits are agreed

Iranian vessels continue to dominate traffic, but on Sunday a tanker carrying Iraqi crude made its way through the strait, after Iran said it would grant an exemption to "brotherly Iraq"

India issues tender to buy 2.5 mn tonnes of urea as Iran war hits supply

India regularly imports urea through global tenders to meet local demand

Saudi hikes Asia oil price to record premium amid Hormuz disruption

State oil producer Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia

Bank stocks' $95 billion rout may deepen as risks mount amid Iran war

Global investors withdrew a record ₹32,700 crore from the shares of financial services companies in the first two weeks of March, according to National Securities Depository data

Trump may be remembered as the US president who lost Asia to China

As US policy grows more erratic, developing nations increasingly see China's steady- if mercantilist- approach as the more reliable bet, reflected in rising adoption of Chinese technology across world