Chinese companies are offloading record quantities of liquefied natural gas onto the spot market as domestic demand weakens and supply disruptions push Asian prices sharply higher.At least eight to 10 cargoes are set to be reloaded in March, bringing year-to-date resales to 1.31 million tonnes across 19 cargoes, according to…
India will not apply stricter anti-tax avoidance rules to gains from foreign investments made before April 2017, the country’s income tax department said on Wednesday, in a move designed to ease fears of retrospective action among overseas investors.The clarification follows a Supreme Court ruling in December that found US-based investment…
No ally was consulted before the bombs dropped on Iran. Five weeks later, Trump is demanding those same allies help him fix a war they wanted no part of and threatening to dismantle the alliance when they say no.The story of the US and its partners since February 28 is…
Britain is hosting talks among 35 countries this week aimed at forming a coalition to reopen the Strait of Hormuz, as European nations reconsider their position following Donald Trump’s threat to wind down the Iran conflict without securing the vital waterway.Prime Minister Keir Starmer said on Wednesday that the meeting…
US stocks opened higher on Wednesday, extending momentum from the previous session’s sharp rally, as investors grew increasingly hopeful that the conflict between the United States and Iran could be nearing an end.Markets were buoyed by comments from Donald Trump and Secretary of State Marco Rubio, who indicated that the…
JP Morgan has scaled back its expectations for Bank of England rate hikes this year, citing recent comments from Governor Andrew Bailey that suggested financial markets may be overestimating the need for tighter monetary policy.The US bank now expects just one rate increase in 2026, compared with its earlier forecast…
Wall Street ended higher on Wednesday, extending a two-day rally as investors grew increasingly optimistic that the US-Iran conflict could be nearing an end. Gains were led by technology heavyweights, while oil prices declined sharply, reflecting easing concerns over supply disruptions.The S&P 500 rose 0.72%, while the Nasdaq Composite climbed…
Global markets are waking up to a renewed wave of uncertainty this Thursday as geopolitics once again takes centre stage.Donald Trump’s latest remarks on Iran have unsettled investor sentiment, just as hopes of easing tensions had begun to build.The ripple effects are already visible, from rising oil prices to weaker…
Bernard Arnault’s net worth is cratering this year as the LVMH stock price implodes. It has already dropped by over $52 billion to the current $156 billion, making him the 7th richest person on earth after Elon Musk, Larry Page, Sergey Brin, Jeff Bezos, Mark Zuckerberg, and Larry Ellison.LVMH stock…
The dollar rose on Thursday after US President Donald Trump described Iran as acting “crazy,” tempering expectations for a swift ceasefire that had briefly erased a two-day slide in the currency.The dollar index climbed to a session high of 99.925 before closing 0.3% stronger at 99.86, having earlier touched a…