WORLD
Oil jumps 5%, gas prices up 8% as Iran lists Gulf energy targets
Iran said that the US and Israel attacked the South Pars gas field and associated facilities at Asaluyeh
WORLD
US stocks fall on war jitters as brent close to $110
As traders moved away from the riskier corners of the market, the S&P 500 halted a two-day gain. Brent hovered near $110.
BUSINESS
BHP ships rare Jimblebar cargo to India amid China dispute
The True Champion, carrying about 170,000 tons of BHP’s Jimblebar blend fines, is expected to reach India’s JSW Jaigarh Port on March 25
WORLD
US carrier involved in Iran fight heads back to port after 'laundry room fire'
The incident underscores how even the Navy’s most advanced assets are under strain as the US expands its military endeavors
BUSINESS
NSE to set modest fee for its $2.5-billion IPO: Report
Based on an expected deal size of about $2.5 billion, the total fee pool could be about $16.25 million, with the bulk likely to be shared among the six lead banks, said the report
BUSINESS
UAE central bank moves to support lenders as Iran war continues
The measures allow lenders to access as much as 30% of their cash reserve requirement balances and tap term liquidity facilities in dirhams and US dollars, the central bank said in a statement Tuesday.
WORLD
Russian oil tanker bound for China diverted to India. Here's why
The Aqua Titan is set to arrive in New Mangalore on March 21 with its Urals cargo that it loaded from a Baltic Sea port in late January, according to ship-tracking data.
BUSINESS
China’s AI stocks rise as Nvidia’s Jensen Huang calls OpenClaw 'the next ChatGPT'
OpenClaw is an open-source autonomous AI agent platform that does more than the traditional chatbots
ARTIFICIAL-INTELLIGENCE
Alibaba hikes AI service prices up to 34% after demand soars
The company is hiking prices of its T-Head AI computing chips, such as the Zhenwu 810E, by 5% to 34%, the company said in a statement. Its storage service, known as Cloud Parallel File Storage, will also cost 30% more, it said.
BUSINESS
Jio tells bankers it may file IPO prospectus as early as March: Report
Plans for the IPO have gathered steam after the government approved a change in listing requirements that allowed large issuers to dilute as little as 2.5% of their equity
BUSINESS
US focus on Iran may impact Asia, Japan's ex-defence Chief says
While Nakatani sees risks emerging if the US focus stays outside Asia over a longer period, he also sees scope for the summit on Thursday providing an opportunity to start cooling down the situation.
BUSINESS
Samsung weighs multi-year deals to ease memory chip crunch fears
The company is considering lengthening contracts from the current quarterly or annual agreements to as much as three to five years, co-CEO Jun Young-hyun told shareholders at the company’s annual general meeting.
MARKETS
Asian stocks gain before Fed, oil holds near $103
Gauges opened higher in Japan and South Korea, lifting the broader MSCI Asia Pacific Index by 0.8% and putting it on track for a third straight day of gains.
BUSINESS
UN warns prolonged Iran war could spur record global hunger
Nations in sub-Saharan Africa and Asia, which are heavily reliant on food and fuel imports, are most exposed to fallout from the conflict, the WFP said.
BUSINESS
Bentley Motors to cut jobs as US tariffs and China slump hit carmaker
Bentley said it remains committed to launching its first electric car, a sport utility vehicle, but said that any future EVs won’t arrive before 2030.
BUSINESS
Kotak plans $2 billion private credit fund as India demand rises
Kotak Alternate plans to raise up to $2 billion for its third private credit fund, betting India can outperform despite global stress and currency risks.
BUSINESS
BNP Paribas Cardif in talks to buy Warburg Pincus’ 26% stake in IndiaFirst Life at $350 million valuation
BNP Paribas Cardif SA is in advanced talks to acquire Warburg Pincus’ 26% stake in a transaction that could value IndiaFirst at about $350 million. Bank of Baroda owns 65% of IndiaFirst and Union Bank of India Ltd. holds 9%.
WORLD
Trump’s delay of Xi summit buys China time to game out Iran war
For a Chinese leadership that had felt frustrated by US preparations it deemed insufficient ahead of the landmark summit, the decision is less a setback than an opportunity to regroup.
BUSINESS
Canadian billionaire Stephen Smith buys 26.9% of The Economist magazine
The price of the transaction wasn’t disclosed.
BUSINESS
Goldman says oil’s biggest shock to hurt refined products most
Global energy markets have been pitched into turmoil by the US-Israeli war against Iran, which erupted late last month.
BUSINESS
A $667 million goodbye? Warner Bros CEO set for massive payout in Warner-Paramount deal
Zaslav already made $113 million selling Warner Bros. shares earlier this month.
BUSINESS
Asian stocks follow Wall Street higher, oil gains
Brent crude, however, advanced to about $102 a barrel early Tuesday, rebounding from a 2.8% drop in its previous session.
WORLD
Rich Palm Beach residents seethe as Trump diverts flights over their homes
Four decades on, Trump finally has the relief he wanted
WORLD
US is letting Iran continue to ship its oil, says Bessent
Scott Bessent says the United States is allowing Iran to continue exporting oil through the Strait of Hormuz despite the war, as global crude prices surge above $100.
