Page 4 - Bloomberg/reuters

India asks china for urea as war-induced gas crunch hits plants

The move is a sign of the unusual measures countries are taking to secure key commodities as US-Israeli attacks in Iran snarl global trade and raise risks for food and energy supplies

US trade deficit narrows to $54.5 billion in January as exports rise

Trade flows last year were subject to large monthly swings as US importers reacted to a slew of tariff announcements from President Donald Trump

Trump administration set to suspend Jones Act to curb oil prices

The US last issued a waiver for the Jones Act in October 2022 for a tanker heading to Puerto Rico to deliver supplies follow Hurricane Fiona

India in talks with Iran for safe passage of over 20 tankers via Hormuz

Negotiations are still ongoing and are being handled by the ministry of foreign affairs, said the people, who asked not to be named as the conversations are sensitive

India plans to launch $11 billion fund to support domestic chipmaking

India is hoping to woo major chipmakers to the world's most populous country with its engineering, design talent as well as subsidies in much the same way it's helped Apple Inc. expand in the region

Govt plans new smartphone export incentives in a boost for Apple, Samsung

The policy design, size of the incentives and the overall budget are still being finalised and may change during the inter-ministerial consultations

Iran war exposes vulnerabilities for airlines in global aviation network

Global airlines have seen billions of dollars wiped from their market capitalisation on the surging cost of fuel and uncertainty about when safe operations can resume

Cooking gas crunch in India fuels inflation fear as Iran war widens

The gas crunch is rippling through the economy, raising fears about a spike in prices and a drop in output in some sectors

Trump to invoke Cold War era powers for offshore oil producer Sable

The planned order comes as Trump faces heavy political pressure to confront rising fuel prices before the November midterm elections

Apple's foldable iPhone to feature iPad-like interface when opened

The inside display will use a wide aspect ratio, a departure from the narrower formats of foldable phones currently on the market

West Asia crisis threatens Saudi Arabia's $38 billion video game push

Recent attacks on Saudi Arabia by Iran are impacting business leaders' faith in the country's goal to grow into a cultural centre for video games, sports and entertainment

Two tankers attacked in Iraqi waters; oil terminals suspend operations

Iraq's State Organization for Marketing of Oil, or SOMO, named the tankers as Marshall Islands-flagged Safesea Vishnu and Malta-flagged Zefyros

UN Security Council condemns Iran strikes on neighbouring Gulf countries

The Council voted in favour of a resolution that condemned the strikes carried out by Iran using missiles and attack drones against Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the UAE and Jordan

Brent tops $100 as Iran attacks tankers in Iraq, Oman clears oil terminal

The global benchmark soared as much as 10.5 per cent to $101.59 a barrel, while West Texas Intermediate surged near $96

Iran lists 3 demands to end war: Reparations, rights, security guarantees

It's unclear if the US is willing to give Iran such a pledge and if it would be able to insist on Israel doing the same

IEA to release record 400 million barrels of oil from stockpiles

The IEA, which co-ordinates stockpile releases for OECD countries, has said its 32 members hold more than 1.2 billion barrels in public emergency stockpiles

Shell declares force majeure on Asia LNG deals after Qatar plant shutdown

Shell has an equity partnership with QatarEnergy in the massive Ras Laffan LNG plant, the largest single plant in the world, which shut down last week following a drone attack on the facility

India, Bangladesh urea firms shut operations as war disrupts LNG flow

LNG is the primary feedstock for urea production, serving as an energy source and a key input in making the world's most widely used fertilizer

Adani Energy raises $500 mn bilateral debt from Apollo Global Management

The financing underscores the financing shift for Adani, historically one of the largest Indian issuers, as it borrows to fund ambitious capital spending plans while facing elevated borrowing costs

Global banks push back on RBI's plan for offshore rupee trade reporting

Banks told the RBI the proposal could breach client confidentiality and conflict with data and reporting rules in other jurisdictions