India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency.
India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency.
Same desk, different stories
Bills including council tax, water, internet and broadband have increased, as well as food and fuel.
Rystad Energy’s Lin Ye warns that Asia is bearing the brunt of crude disruptions in the Strait of Hormuz, noting that refineries are highly reliant on Middle Eastern crude in order to service global demand. President…
Various car selling platforms have reported a sharp increase in consumer interest for EVs since the Middle East crisis began.
US naphtha exports are surging as the Iran war cuts off supplies from the Mideast, prompting buyers in Japan to turn to Texas and Louisiana for the petrochemical feedstock.
France and Japan agreed on the need for a ceasefire in Iran and safe passage for shipping in the region, President Emmanuel Macron said after talks with Japanese Prime Minister Sanae Takaichi. (Source: Bloomberg)
Rising oil prices and supply risks are testing global markets as the Iran war threatens flows through the Strait of Hormuz. Canada says its LNG, oil and nuclear projects could help fill gaps for Asia. Trade Minister…