Page 3 - Bloomberg/workspace/business Standard Web/video

New York airport closes as Air Canada plane hits fire truck; see pics

The aircraft hit a Port Authority of New York and New Jersey ground vehicle and the airport was closed to incoming flights from across the US and Canada

Zombie oil tanker exits Strait of Hormuz as Trump, Iran trade threats

The vessel posing as Nabiin is likely a zombie tanker, which assumes the identity of a scrapped, legitimate ship

West Asia war damages over 40 energy assets, risks supply disruption: IEA

The effect of the current disruptions is equivalent to the two major oil crises in the 1970s and the 2022 natural gas crisis after Russia invaded Ukraine 'all put together,' IEA director Birol said

Trump's tariff playbook returns, this time with lawyering not legitimacy

The unusually rapid pace of these 76 inquiries raises concerns over due process, with expectations that responses may align closely with the Trump administration's preferred outcomes

South Asian industries pivot to solar, cut reliance on gas amid Iran crisis

In India and Pakistan, once key customers for the Persian Gulf's LNG exports, industries have been rapidly shifting away from both gas and grid power to make use of cheap, abundant solar energy

'Pandemonium' fuels surge in US yields as fed rate-hike bets emerge

Ten-year yields rose 11 basis points to 4.39 per cent, extending their rise since hostilities began to 44 basis points

Global LNG exports hit six-month low as West Asia conflict disrupts flows

The 10-day moving average for LNG shipments has fallen about 20 per cent from the start of the month to 1.1 million tonnes, the lowest since September

Insurers turn to state bonds for derivatives trade as yields climb

Derivatives linked to state debt are gaining momentum as the yield gap between provincial and benchmark notes widens to a multi-year high

Gold falls more than 3% as West Asia war deepens inflation concerns

Bullion plunged as much as 3.8 per cent to near $4,320.30 an ounce, less than a dollar above where it ended last year

Apple CEO praises Chinese developers, partners amid Beijing's pressure

Cook, speaking at the China Development Forum in Beijing on Sunday, praised the innovations of Chinese developers and the automation at the country's manufacturing facilities

West Asia crisis: Hormuz closure forcing Trump, importers to seek solution

The channel has been a focal point since the start of the war, but Iran's geographic and strategic advantages mean the US has been unable to restore traffic

Volkswagen CEO vows more restructuring, sees lessons in China: Report

To avoid costly overcapacity, VW is applying "clear manufacturing cost targets" to all its plants, be they in Germany, Europe or China

PM Modi stresses need for secure shipping in call with Iran's President

PM Modi also condemned attacks on "critical infrastructure" in the region, which he said threaten regional stability and disrupt global supply chains

Meloni faces major test as Italy holds referendum on judicial overhaul

The outcome of the vote will shape the mood ahead of a general election next year, potentially destabilising Meloni, who has led one of Italy's longest-serving governments

Japan says not considering unilateral negotiations with Iran on Hormuz

About 45 Japan-linked vessels remain affected in the strait, a critical artery for global energy supplies, Japan said, adding that the government will take responsibility for their safety

Shockwave of West Asia conflict is rippling through global economy

Every purchasing manager index for which Bloomberg collects estimates is anticipated to show a decline when initial numbers for March are released on Tuesday

Iranian Navy guided Indian LPG tanker through Strait of Hormuz: Report

During the crossing, the officer's ship was in contact with the Iranian navy by radio, he said

US tax refunds rise 11% but still fall short of Trump's $1,000 promise

Refunds averaged $3,623 through March 13, 11 per cent higher than the same point last year, according to data the IRS released Friday

US considering 'winding down' military campaign against Iran, says Trump

Trump's comments came shortly after he ruled out a ceasefire and kept the door open to deploying ground troops, highlighting how he continues to send wildly divergent signals about his objectives

Iran ready to allow Japanese vessels through Strait of Hormuz after talks

Japan relies heavily on West Asia for its oil-imports needs; the war in Iran prompted the Asian nation to release oil from its reserves this month