US stocks rallied sharply on Monday after President Donald Trump said the United States had held talks with Iran and would postpone planned strikes on Iranian power plants, triggering a relief rebound across global markets and a steep fall in oil prices.The Dow Jones Industrial Average rose 1,021.70 points, or 2.24 per cent, to 46,599.17,…
The rupee breached the 94-per-dollar mark for the first time ever on Monday but recovered sharply to close flat at 93.53 against the US dollar, instead of ending at a fresh record closing low, amid geopolitical tensions in the Middle East, persistent foreign fund outflows and volatile crude oil prices.At the interbank foreign exchange market,…
Asia-Pacific economies entered 2026 on a fragile footing. (AI image) Asia-Pacific economies have entered 2026 on a fragile footing, and the US-Israel-Iran war has exacerbated the risks to GDP growth for economies like China, India, and other major countries in the region, says Moody’s Analytics in its latest report.The global economy has been undergoing a…
Benchmark equity indices Sensex and Nifty plunged sharply on Monday, tracking a brutal global sell-off as the Middle East war deepened into its fourth week, with rising crude prices, persistent foreign fund outflows and a record-low rupee worsening investor nerves.The 30-share BSE Sensex slumped 1,836.57 points, or 2.46 per cent, to close at 72,696.39, after…
The Middle East conflict continues to squeeze global energy supplies as the war drags on, sending ripples of concern across markets worldwide. Against this uncertain backdrop, Saudi Arabia, appears long prepared for a worst-case scenario like this. The kingdom has effectively pressed the “contingency plan” button after the Strait of Hormuz was disrupted following US…
“The West Asia war set unprecedented challenges for India too,” he said. Prime Minister Narendra Modi on Monday described the situation in the Middle East as “worrisome,” noting that it is significantly affecting the global economy as well as people’s livelihoods. “The West Asia war set unprecedented challenges for India too. The West Asia conflict…
The Strait of Hormuz is a crucial passage linking oil and gas producers in the Persian Gulf to global markets. (AI image) India’s immediate LPG crisis seems to be easing with tankers coming in and domestic production stepped up to meet needs. Two more Indian-flagged ships carrying liquefied petroleum gas (LPG) are currently transiting the…
During the first three months of 2026, Argentina exported 50,000 tonnes of LPG to India. (AI image) LPG crisis: India’s imports of LPG from Argentina have more than doubled in the first few months of 2026 as the ongoing conflict in the Middle East continues to disrupt supplies of liquified petroleum gas for India. India…
Gold futures witnessed a sharp sell-off on Monday, with prices tumbling by Rs 8,089 to Rs 1.36 lakh per 10 grams, mirroring a global downturn driven by inflation worries and a stronger US dollar. On the Multi Commodity Exchange, the April contract fell 5.6 per cent to Rs 1,36,403 per 10 grams. The latest decline…
The ongoing war in the Middle East has triggered an energy crisis for the world and “no country is immune” to its shockwaves, the International Energy Agency (IEA) warned on Monday. Addressing the National Press Club in Australia’s capital, Birol said the current situation has evolved into an unprecedented disruption, combining multiple shocks to oil…