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MUMBAI: Reliance Industries, India’s largest company in terms of market

MUMBAI: Markets regulator Sebi on Friday floated a consultation paper

MUMBAI: Reliance Retail has acquired home appliances brand Kelvinator for

MUMBAI: The US-based Viceroy Research’s report on Vedanta Group contains

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MUMBAI: Reliance Industries, India’s largest company in terms of market value, reported a 76% increase in quarterly profit to Rs 30,681 crore on Friday, led by gains from the sale

MUMBAI: Markets regulator Sebi on Friday floated a consultation paper for changes to the scheme categorisation process, financial instruments into which each fund would be allowed to invest in, and

MUMBAI: Reliance Retail has acquired home appliances brand Kelvinator for India from Sweden’s Electrolux as it looks to expand market share in the consumer durables space, stepping up competition against

MUMBAI: The US-based Viceroy Research’s report on Vedanta Group contains serious allegations, causing harm to the conglomerate’s business and reputation, former Chief Justice of India D Y Chandrachud has said

MUMBAI: The Wealth Company, backed by Pantomath Group, on Friday said it has received Sebi approval to launch its mutual fund business. This made the Wealth Company the first fund

BENGALURU: After a 34-year tenure that shaped the company and India’s organised retail sector, Shoppers Stop chairman B S Nagesh announced his retirement at the company’s latest annual general meeting.

Trending News

MUMBAI: Reliance Industries, India’s largest company in terms of market value, reported a 76% increase in quarterly profit to Rs 30,681 crore on Friday, led by gains from the sale

MUMBAI: Reliance Retail has acquired home appliances brand Kelvinator for India from Sweden’s Electrolux as it looks to expand market share in the consumer durables space, stepping up competition against

MUMBAI: The Wealth Company, backed by Pantomath Group, on Friday said it has received Sebi approval to launch its mutual fund business. This made the Wealth Company the first fund

MUMBAI: Tata Sons has formed a Rs 500 crore public charitable trust to aid families impacted by the Air India 171 crash in Ahmedabad. It will contribute Rs 250 crore

MUMBAI: Geopolitical uncertainty and trade tariff jitters are weighing on hiring and new job openings in certain sectors, impacting discretionary spending by consumers across sectors ranging from apparel to auto.

Chevron has completed its $53 billion acquisition of Hess Corp, securing a stake in one of the world’s most lucrative oil fields, after winning a key arbitration ruling in Paris.

Oil prices spike on Trump’s threat to Iran, then level off, Asian equities slip amid geopolitical jitters

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Oil prices spike on Trump's threat to Iran, then level off, Asian equities slip amid geopolitical jitters

Oil prices steadied on Wednesday following a sharp surge the previous day, triggered by fears of escalating US involvement in the ongoing Israel-Iran conflict. The spike came after US President Donald Trump issued aggressive statements demanding Iran’s “unconditional surrender” and suggesting possible support for Israeli strikes on Iranian nuclear and military sites.As Iran and Israel entered a sixth consecutive day of missile exchanges, Trump left the G7 Summit in Canada early, stating he sought a “real end” to the hostilities rather than a mere ceasefire. In a series of posts on his Truth Social platform, he warned Iran against targeting US interests and claimed knowledge of the location of Iran’s Supreme Leader, Ayatollah Ali Khamenei..”We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there. We are not going to take him out (kill!), at least not for now,” he wrote. These remarks pushed oil prices more than 4% higher on Tuesday amid fears that an escalation could disrupt crude supplies, especially through the Strait of Hormuz, a strategic waterway responsible for around 20% of global oil transport, reported AFP.Analysts warned that any strike on Iranian nuclear sites could have severe regional consequences. “Washington’s refuelling jets are already en route, and if Fordow gets hit, expect the Strait of Hormuz to become a maritime minefield, Houthi drones to swarm Red Sea shipping lanes, and every militia from Basra to Damascus to light up American forward outposts,” said Stephen Innes of SPI Asset Management.Despite a slight pullback in oil prices on Wednesday, markets remain volatile. Asian equities mirrored investor anxiety: Hong Kong, Shanghai, Singapore, Sydney, Manila, and Jakarta all posted losses, while Tokyo, Seoul, and Taipei saw modest gains.Wall Street’s performance also weighed on sentiment. Weak US retail sales and an unexpected drop in factory output for May raised fresh concerns about the resilience of the American economy.However, the disappointing data bolstered speculation that the Federal Reserve may consider cutting interest rates later this year. While the Fed is expected to hold rates steady at the conclusion of its policy meeting Wednesday, investors are closely watching for revisions in its growth and inflation outlook amid growing geopolitical and economic uncertainties.KPMG senior economist Benjamin Shoesmith noted that the Fed would likely be cutting rates already were it not for the unpredictability surrounding tariffs and tensions in the Middle East.





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