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.
WORLD
BofA agrees to settle claims it aided Epstein sex crimes
The tentative agreement was noted Monday in the court docket in the case. Terms of the deal were not immediately available
WORLD
Iran war spurs a surge in stock sales from US shale companies
With West Texas Intermediate crude prices at times topping $100 a barrel, investors have poured cash into shares of energy producers
WORLD
IEA says more emergency oil stocks available as war drags on
The International Energy Agency says it can release more oil reserves if needed after the Iran war disrupted supplies through the Strait of Hormuz and pushed global crude prices sharply higher.
WORLD
US, China mull ‘board of trade’ to manage bilateral economy ties
The United States and China are considering a new trade mechanism ahead of a possible summit between Donald Trump and Xi Jinping to manage tariffs, trade flows and broader economic ties.
BUSINESS
Dollar heads for worst day in over a month as oil prices decline
The Bloomberg Dollar Spot Index fell on Monday from its highest level of the year, trading 0.6% lower for its biggest drop since Feb. 9
BUSINESS
LME trading halt hits metals markets from aluminum to zinc
The outage comes during a volatile period for metals as the war in Iran disrupts flows of industrial metals, including aluminum and zinc, and clouds the outlook for longer-term usage
WORLD
US stocks join bonds higher as oil declines to $95
While traffic through Hormuz remains at a near-standstill amid the Iran war, US crude fell to around $95 as a trickle of vessels started to find a way through the oil route
WORLD
Pakistan oil tanker transits Hormuz after hugging Iran coast
The Karachi, controlled by Pakistan’s National Shipping Corp., made the perilous journey over the course of Sunday, according to data compiled by Bloomberg
BUSINESS
Russian oil price in India hits record as demand for Urals grows
The spike follows higher global oil prices amid the ongoing war in the Middle East. The discount on Russia’s crude shipped to Indian ports narrowed to $4.80 a barrel versus the global benchmark
BUSINESS
Reliance working with six investment banks for Jio IPO: Report
Jio is moving ahead with what might be India’s largest-ever initial public offering
MARKETS
Dubai stocks fall into bear market as Iran war enters third week
Dubai stocks slip into bear-market territory as the Middle East war hits flights, real estate, tourism and the emirate’s safe-haven appeal.
WORLD
Saudis give oil buyers Red sea option as Hormuz crisis persists
Buyers who choose Yanbu will only get a portion of their monthly supply due to constraints on how much crude the pipeline to the port can carry, said traders who have been informed by state-run Saudi Aramco.
CRYPTOCURRENCY
Bitcoin climbs in Asia as other markets remain tepid
Bitcoin has weathered the war with Iran, which broke out at the end of February, better than many traditional assets. Gold is down 4.9% this month, while Bitcoin is up 12.5%.
