Page 6 - Reuters

Gold prices up on safe-haven rush, but dollar strength restrains rally

Spot gold was up 0.5 per cent at $5,166.3 per ounce as of 1800 ist, while US gold futures for April delivery were up 0.7 per cent at $5,168.20

ECB policymakers warn prolonged Iran war could lift inflation, hit growth

The ECB was stung by an energy-led rise in inflation following Russia's invasion of Ukraine in 2022, which it initially wrote off as temporary before hastily raising rates by a record amount

India seeking US marine cover for West Asia energy cargoes: Report

India, the world's third biggest oil importer, relies on the Middle East for about 40 per cent of its oil imports and about 85-90 per cent of LPG imports

Iran has not approached Russia for arms supplies, says Kremlin

Kremlin says Iran has not sought Russian arms, even as Moscow condemns US-Israeli strikes and deepens strategic, nuclear and defence cooperation with Tehran

Jack Daniel's maker Brown-Forman to launch more premium brands in India

India's affluent buyers splurge on everything from jewellery to pricey liquor, making the country a focus for global brands

Goldman Sachs warns Iran conflict could slow global growth, stoke inflation

Under its baseline forecast, Goldman expects oil prices to increase a bit further before moderating to $76 per barrel on average in the first quarter of 2026 and $65 in the fourth quarter

Russia accuses US, Israel of dragging Arab nations into wider West Asia war

Russia's Foreign Ministry, in a statement on Thursday, accused the U.S. and Israel of deliberately trying to draw Arab Gulf states into a wider conflagration

Adani Total Gas hikes industrial prices amid conflict in West Asia

As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, ‌which carries around one-fifth of oil consumed globally

MRPL shuts refinery units amid crude shortage from West Asia conflict

Asian refiners are struggling to secure prompt replacement crude cargoes as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows

GAIL weighs supply cuts to gas customers after Petronet LNG force majeure

Fallout from the US-Israeli attacks on Iran and a widening war has brought the transit of oil and LNG through the Strait of Hormuz to a near halt after some vessels in the area were hit

IndusInd Bank treasury head Siddharth Banerjee to step down in April

Banerjee, who has been the head of the global markets group at IndusInd Bank since 2020, has informed the management about his decision

Global firms, investors in share sale rush as West Asia conflict erupts

Some firms and their shareholders have tapped equity investors before markets potentially sour further and hamper the ability to raise capital

India's retail auto sales rise 25% in Feb on tax-cut boost, seasonal demand

Two-wheeler sales jumped 25 per cent from a year ago in February, while passenger vehicle sales climbed 26.1 per cent, the Federation of Automobile Dealers Associations ‌said

South Korean chip industry worried Iran crisis to disrupt material supply

South Korea's chipmakers warn Iran crisis could disrupt helium supplies and threaten AI data centre expansion in the Middle East

Oil prices rise as West Asia crisis chokes off vital oil, gas supply

Brent crude was trading up $1.67, or 2.05%, at $83.07 per barrel by 0141 ‌GMT. US West Texas Intermediate crude rose $1.94, or 2.60%, to $76.60

Asian shares surge, led by KOSPI; treasuries fall as war concerns ease

South Korea's ​KOSPI gauge recovered its steep losses in the prior session following a rally ​on Wall Street on hopes the United States and Iran will seek an off-ramp from hostilities

US, European equities rise as oil eases, investors eye West Asia war

The dollar fell and US ​Treasury yields rose for a third straight day, even as the US-Iran war expanded after a US submarine sank ​an Iranian warship off Sri Lanka

Iran intelligence signalled openness to talks with CIA to end war: Report

Iran's ambassador to the United Nations in Geneva on Tuesday ruled out for now any negotiations with the United States, days after the US and Israel launched joint strikes on his country

Qatar declares force majeure on gas exports; restart may take weeks: Report

Qatar supplies Europe and predominantly Asian markets, with over 80 per cent of its customers in China, Japan, India, South Korea, Pakistan and other countries in the region

Nato air defences intercept Iran missile over Turkish territory

It was unclear where the missile was headed, but a NATO spokesperson said the trans-Atlantic defence bloc condemned Iran's targeting of Turkey and that it stood firmly with all allies