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Oil jumps over 2% to more than $95/barrel as conflict threatens transit

Brent crude climbed above $95 a barrel as US-Iran hostilities and Houthi threats to Red Sea shipping heightened fears of major oil supply disruptions

War could cut global growth to 1.3%: World Bank Chief Economist Gill

The World Bank warned that a prolonged US-Iran conflict could slow global growth to 1.3% in 2026, while fuelling inflation, higher interest rates and debt pressures

RBI likely used dollar deposit surge to cut record FX forward book

The RBI's package of measures aimed at ‌supporting the rupee attracted more than $20 bn as of July 17, with more than four-fifths coming from foreign currency non-resident deposits mobilised by banks

Paras Defence to invest ₹6,200 cr to set up chip packaging facility in MP

Paras Semiconductors signed a MoU with Madhya ​Pradesh government to jointly set up an outsourced ‌semiconductor assembly ​and test (OSAT) ‌facility in the Indore-Ujjain region

Oil prices extend gains on supply disruption fears, Brent tops $92

Brent crude futures rose $1, or 1.1%, to $92.01 a barrel at 0330 GMT while US West ‌Texas Intermediate crude climbed 82 cents, or 1.0%, to $85.16

Pakistan seeks $10 billion in US backstop facility to boost reserves

The request, which is being reported for the first time, follows Pakistan's role in brokering talks over the Iran war, which raised its diplomatic profile

Gold nears two-week high as Fed outlook, West Asia conflict stay in focus

Spot gold rose 0.9 per cent to $4,113.73 per ounce, as of 0123 GMT, having climbed to its highest since July 10

India's FMCG sector faces margin squeeze as costs spike amid strong demand

Marico and Godrej Consumer Products are among the most frequently preferred stocks across brokerages ahead of the earnings season that Nestle India kicks off on July 22

Houthi threats force Saudi crude tankers to reverse course in Red Sea

The Houthis announced a naval blockade on Saudi Arabia on Monday, opening a potential new front in the war and raising the threat to global energy supplies and trade beyond the Gulf

Weak UK jobs market holds steady as new PM Andy Burnham takes office

Average wage growth, excluding bonuses, rose by 3.4 per cent in the three months to May, matching the pace of increase in the ‌three months to April, and the joint-lowest since October 2020

Oil prices, weak monsoon pose biggest risks to India's FY27 GDP growth: IMF

The IMF warns that rising oil prices from West Asia tensions and an El Nino-hit monsoon pose key downside risks to India's 2026-27 economic growth outlook

Crime gangs snare more than $88 billion in scams in Asia-Pacific, UN says

The report estimated scam losses across East Asia, Southeast Asia, Australia ​and New Zealand between $88.3 billion and $114.1 billion for 2025

US imposes new 50% tariffs on $20 billion worth of Canadian products

In slapping import taxes on goods ranging from wine to cement, ice hockey gear, Trump invoked Section 338 of the Tariff Act of 1930, which permits a president to impose punitive tariffs of up to 50%

ASEAN top diplomats meet, voice 'serious concern' on Middle East hostility

ASEAN has no shortage of challenges closer to home and will on Tuesday hold a consultation on the conflict in Myanmar, as the bloc's peace initiative falters

Global hunger declines across continents but climate, trade risks loom: UN

Progress was driven largely ​by gains in Asia, particularly India, as well as ​Latin America and the Caribbean. Some African countries also began to reverse years of deterioration

Oil prices rise over 2% on fresh strikes by US & Iran, Houthi blockade fear

U.S. forces bombed targets in southern Iran overnight after President Donald Trump said that Tehran would pay dearly for the deaths of American soldiers. Iran, meanwhile, struck U.S. sites in Bahrain

RBI's inflow push gets strong start, fortifying India's balance of payments

In its first update since the scheme was launched in early June, the Reserve ‌Bank of India said the measures had mobilised $20.72 billion through July 17

Indian steelmakers pivot home as Europe curbs imports, China hits margins

India ships ​roughly two-thirds of its steel to Europe, and the executives expect exports to EU and Britain to ‌fall by as much as 40% this fiscal year after both markets tightened import rules

Asian markets advance as oil prices retreat on Iran ceasefire hopes

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.25% higher after dropping for three straight sessions

S&P 500, Nasdaq edge higher as chips recover; megacap earnings in focus

A surge in AI capital spending by ​hyperscalers has been a major driver behind this year's market gains, lifting chip stocks and other companies seen as beneficiaries of the buildout