Bloomberg
Bloomberg
Bloomberg
US charges Super Micro co-founder with smuggling AI chips to China
Super Micro's shares plummeted more than 20% in pre-market trading
 "US charges Super Micro co-founder with smuggling AI chips to China")
India's gas utilities eye market share gains amid LPG shortage crisis
The push underscores the nation's struggles with liquefied petroleum gas, used in more than 330 million homes to cook meals, as well as in industries from steel to automobiles
 "India's gas utilities eye market share gains amid LPG shortage crisis")
Donald Trump's Iran war shows the limits of his strike-first strategy
Trump's approach rejects many of the tenets of the American way of war that emerged after the Cold War
 "Donald Trump's Iran war shows the limits of his strike-first strategy")
Ozempic copies set to crash to $14 in India as generic GLP-1 era starts
Natco Pharma Ltd. plans to sell an injection for semaglutide, the active ingredient in both Ozempic and Wegovy - with prices starting from ₹1,290
 "Ozempic copies set to crash to $14 in India as generic GLP-1 era starts")
Govt mulls real-time Euro FX settlements at GIFT City to boost EU trade
The International Financial Services Centres Authority (IFSCA), which regulates the hub, has approached the government to permit the use of the euro alongside the US dollar for settlements
 "Govt mulls real-time Euro FX settlements at GIFT City to boost EU trade")
HDFC Bank chief's exit baffles investors, wipes $7 bn off market value
HDFC Bank spent Thursday trying to explain why Chakraborty, a former senior bureaucrat in PM Narendra Modi's administration, left after almost five years as part-time chairman of the lender
 "HDFC Bank chief's exit baffles investors, wipes $7 bn off market value")
Strikes on Qatar's Ras Laffan LNG plant to reshape the future of gas
The Ras Laffan LNG complex has suffered extensive destruction that will take up to five years to repair
 "Strikes on Qatar's Ras Laffan LNG plant to reshape the future of gas")
Trump references Pearl Harbor as Iran war exposes strains in US-Japan ties
After Trump's reference to the Pearl Harbor attack, a Japanese foreign ministry official said the subject didn't come up in closed-door talks between the leaders
 "Trump references Pearl Harbor as Iran war exposes strains in US-Japan ties")
Iran strike to cost QatarEnergy $20 bn a year, disrupt global LNG supply
The missile strikes on Ras Laffan Industrial City damaged QatarEnergy's Trains 4 and 6, which represent a combined 12.8 million tonnes of annual production capacity
 "Iran strike to cost QatarEnergy $20 bn a year, disrupt global LNG supply")
Unilever in talks to sell food business to McCormick by March end
A deal between the Anglo-Dutch consumer goods company and the Maryland-based spices and seasonings maker could come together by the end of the month
 "Unilever in talks to sell food business to McCormick by March end")
EU leaders brace for multi-year energy squeeze after Qatar gas plant hit
Gas prices on Thursday surged to levels not seen in three years, while the European Central Bank said a prolonged disruption would push euro-zone inflation to 6.3% and trigger a brief recession
 "EU leaders brace for multi-year energy squeeze after Qatar gas plant hit")
Israel will avoid future strikes on Iran's energy sites, says Netanyahu
Israeli jets' bombing of Iran's South Pars field and associated infrastructure on Wednesday prompted a fresh wave of Iranian strikes against oil and gas works across the region
 "Israel will avoid future strikes on Iran's energy sites, says Netanyahu")
HSBC considers 20,000 job cuts as AI drives overhaul of operations
Non-client facing roles in global service centres are among those expected to be most impacted although the assessment is at an early stage
 "HSBC considers 20,000 job cuts as AI drives overhaul of operations")
Brent crude touches $119 as attacks on Gulf energy spots hit supply
US crude prices surged above $100 a barrel after Politico reported the US will not implement an export ban
 "Brent crude touches $119 as attacks on Gulf energy spots hit supply")
US Fed proposes easing bank capital rules to free funds for lending
The Fed's Board of Governors will vote to formally propose the plan Thursday. The FDIC board is holding a concurrent meeting
 "US Fed proposes easing bank capital rules to free funds for lending")
UK, EU leaders say ready to 'contribute' for safe passage through Hormuz
The joint statement reflects growing concern that Iran's retaliatory attacks in response to US-Israeli bombardment threaten to stoke inflation and further disrupt global trade
 "UK, EU leaders say ready to 'contribute' for safe passage through Hormuz")
US may lift sanctions on 140 mn barrels of Iranian oil on the seas: Bessent
The US hasn't been targeting Iran's energy assets in the war, he said. With regard to Kharg Island, a key Iranian export hub, it mounted a "precision strike" against the military assets
 "US may lift sanctions on 140 mn barrels of Iranian oil on the seas: Bessent")
Too soon to judge war's impact, says Powell as inflation keeps Fed on hold
Fed's next move may ultimately be a hike, a possibility Powell acknowledged came up again in discussions this week - though that's not the base case for the majority of policymakers
 "Too soon to judge war's impact, says Powell as inflation keeps Fed on hold")
No plans to leave Fed until justice department investigation over: Powell
"I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality," Powell said
 "No plans to leave Fed until justice department investigation over: Powell")
World's largest LNG plant in Qatar suffers damage in missile strikes
The Ras Laffan Industrial City, home to the LNG plant that accounted for about a fifth of global supply before production was halted earlier this month