As Oil Prices Rise, Trump’s War With Iran Becomes a Worldwide Economic Hazard
The president insists conflict with Iran will be brief, but world leaders are preparing for severe economic blowback. Source link
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Government working to ‘optimise’ gas supply as Gulf war hits LNG flow
NEW DELHI: With nearly 40% of India’s LNG flow hit due to the West Asia conflict, govt is working on an “optimisation plan” for industries, including priority segments such as fertiliser. Those familiar with the discussions said the petroleum ministry could work out the arrangement as early as Tuesday, with a reduction in supply to…
Tell Us About Your Plans for a Longer Life
If you are saving money and have a plan for the future, we want to hear how it’s going and any advice you have for others. Source link
Government asks refineries to boost LPG for homes amid Middle East crisis
NEW DELHI: The government has directed oil refineries to increase the production of liquefied petroleum gas (LPG) and divert the additional output for domestic household use in view of geopolitical disruptions affecting fuel supplies, Ministry of Petroleum and Natural Gas announceed on Monday.The move comes amid constraints in LPG availability due to global supply pressures,…
Talent Agent Ari Emanuel Launches His Own Podcast, ‘Rushmore’
Hollywood’s archetypical agent has been showing a very different side of himself as a host of a video podcast called “Rushmore.” Source link
Warburg to list housing finance company purchased from Shriram
Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for…
The Bank Trump Is Relying On for Rare-Earth Minerals
The Export-Import Bank is providing a $10 billion loan to Project Vault, an initiative to stockpile critical minerals. The project is the administration’s latest effort to reduce reliance on China. Source link
India rules out releasing strategic oil reserves after IEA calls to cool prices
India will not participate in the International Energy Agency’s (IEA) proposal to release strategic petroleum reserves to stabilise global oil markets, government sources said on Monday, even as crude prices surge amid the escalating Middle East conflict, reported PTI.The decision comes as G7 nations consider coordinated releases of emergency oil reserves to calm markets after…
Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict
Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm. Source link
US stocks today: Dow slides over 700 points, S&P 500 drops 1.3% as oil briefly nears $120
US stock markets tumbled on Monday as a sharp spike in oil prices following the Middle East conflict rattled investors and raised fears about the resilience of the global economy.The S&P 500 fell 1.3%, coming off its worst week since October. The Dow Jones Industrial Average dropped 721 points, or 1.5%, to 9:35 a.m. Eastern…