Iraq and UAE race to establish alternative oil pipelines as exports through Hormuz dry up
Last week, the Iraqi cabinet approved plans to accelerate crude exports through the Kurdistan-Turkey pipeline network.
Financial News
Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here’s why
The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world’s standout performers thus far.
100 days of the Iran war: How global markets and the economy have been affected, in charts
The conflict is about to reach its 100th day, with peace negotiations hanging in the balance.
India’s cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
RBI raised its inflation projection for the year ending March 2027 by 50 basis points to 5.1%, while cutting growth forecast to 6.6% for the year, from 6.9%.
SoftBank shares plunge 10% amid broader tech sell-off
Shares of SoftBank fell 10% following an overnight sell-off in the U.S. market on the back of wider profit taking in the tech sector.
Blackstone closes its largest Asia private equity fund at over $13 billion
Blackstone raised $13.1 billion for its latest Asia private equity vehicle, marking the largest private equity fundraise the firm has done in the region.
Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
Nvidia CEO Jensen Huang unveiled a long-awaited Arm-based PC chip, breaking into PCs for the first time on new laptops by Dell, Microsoft, HP, ASUS and others.
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war
Iran’s blockade of the Strait of Hormuz has seriously challenged freedom of navigation in the sea lane, raising questions about the future.
Hegseth praises Asian allies for ‘burden-sharing,’ calls out China’s role in the region
Hegseth said that China cannot impose its hegemony on U.S. partners and allies in the region.
Oil prices fall 5% after Trump says Iran talks proceeding in a ‘constructive manner’
Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.