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US launches new barrage of strikes on Iran around Strait of Hormuz

"Today at 12 p.m. ET (1600 ​GMT), US forces began striking Islamic Revolutionary Guard Corps (IRGC) targets in Iran," US Central Command posted on X.

Scott Bessent says US likely to announce Iran bank sanctions this week

Bessent said it could be entities, airline leasing companies. He added, "It could be anyone who does business with the IRGC. We are tracking down the IRGC's assets"

Ukraine Parliament fails to pass tax law, risking $30 billion in aid

The government needed 226 votes for it to pass but got only 194. It was not immediately ​clear how many lawmakers voted against the bill, or were absent from the session.

Iran says it has enough foreign currency reserves despite US sanctions

"I am telling the President ​of the United States: Iran has (foreign) currency and it has enough," Central Bank ​Governor Abdolnaser Hemmati said

Two tankers reportedly struck as oil shipments through Hormuz face risks

Renewed attacks threaten the fragile recovery in oil shipments through the vital chokepoint, which had reached roughly half of pre-war levels thanks to clandestine shuttle runs from major Middle East

India, Zambia resume talks on copper, critical mineral investments

Officials from India's Mines Ministry held preliminary talks with Zambia on August 26 as New Delhi seeks overseas sources of copper and other critical minerals

VinFast suspends plans to make some EVs in India, reassesses costs

The Vietnamese automaker has asked suppliers to halt work on the VF3, VF6 and VF7 as it reassesses costs, dealing another setback to its India expansion

Oil prices rise as US-Iran fighting renews fears of supply disruptions

Brent crude rose 0.6% to $91.05 a barrel as renewed US-Iran fighting raised concerns over supply from the Middle East, the world's key oil-producing region

RBI FX forward book hits record $136.7 billion on surging overseas deposits

Through July 31, FCNR(B) deposits had accounted for $36.7 billion of the total $40.8 billion in foreign exchange inflows mobilised under the measures.

GRT Jewellers to acquire 74.12% stake in Tribhovandas Bhimji Zaveri

GRT will acquire the stake from the firm's top shareholders and launch an ​open offer for an about 26% additional stake, the companies ‌said in a press release.

NIIF gets $2 bn commitment from global, local investors for infra projects

The National Investment and Infrastructure Fund has raised more than half of its $3.2 billion target from global and domestic investors, including AustralianSuper and Temasek

RBI steps in again to support rupee as oil prices, Fed rate hike bets rise

The rupee recovered after briefly falling to 95.60 as RBI intervention offset pressure from higher oil prices and growing expectations of a US interest-rate hike

China's factory activity improves in August but remains in contraction

China's manufacturing PMI rose to 49.8 in August from 49.2 in July, beating forecasts but remaining below 50 as weak domestic demand weighs on the economy

Nepal asked China for data on glacier risks months before deadly floods

Nepal and China discussed monitoring floods and glacier hazards in May, but Nepali officials said limited data sharing left them without enough information to anticipate major disasters

Asian shares slide as US-Iran fighting lifts oil; rate hike bets rise

Asian stocks fell as renewed US-Iran fighting pushed Brent crude above $90 a barrel, while hawkish Fed signals lifted bets on a September rate hike

Oil prices jump more than 2% after US attack on Iran's Larak island

Brent crude futures climbed $2.51, or 2.85 per cent, to $90.61 a barrel as of 0241 GMT ‌while US West Texas Intermediate crude was at $85.53, up $2.13, or 2.55 per cent

Dollar holds near two-week high as bets rise on September Fed rate hike

The dollar held firm near a two-week high after Kevin Warsh's hawkish remarks lifted expectations of a September rate hike, while the yen slipped below 160 per dollar

Ukraine defence minister pledges 'clear' plan to get early loan release

Ukraine's new defence minister plans to seek an early release of EU loan funds as Kyiv faces a $27 billion military budget deficit amid its war with Russia

Battle to build $116 billion global defence bank faces major hurdles

Canada-backed DSRB aims to raise $116 billion to finance defence projects, but limited commitments from major economies threaten its funding and credit-rating ambitions

US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war

The unresolved conflict has kept the Strait of Hormuz closed, sapping growth from nearly all G20 economies