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Citi Says African Borrowers Are Turning Creative on Debt Sales
African governments are increasingly turning to unconventional borrowing strategies, as high global interest rates and volatile currencies keep many shut out of traditional dollar funding markets, according to Citigroup Inc.
"Time For Economic Patriotism": BJP As Congress Criticises Fuel Price Hike
In Delhi, petrol prices increased by Rs 3 to Rs 97.77 per litre and diesel to Rs 90.67. Petrol in Mumbai now costs Rs 106.68 a litre and diesel comes for Rs 93.14 per litre, while in Chennai, prices increased to Rs 103.67 for petrol and Rs 95.25 for
Oil Prices Pressure Bonds: Markets Snapshot
Back-to-back inflation reports out of the US along with heightened energy prices and mounting political uncertainty have seen investors flee global bond markets as benchmark interest rates to the highest levels in nearly a year. The Opening Trade spoke with leading market voices and economists for their analysis. (Source: Bloomberg)
Oil prices today: Crude rises over 1% as Trump warns Iran, Hormuz concerns persist
Global oil prices surged as President Trump expressed impatience with Iran, fueling fears of Strait of Hormuz disruptions. Brent and WTI crude saw significant weekly gains amid uncertainty over the Iran conflict and supply concerns. Despite claims of increased vessel crossings, the Strait remains a critical choke point, with maritime incidents further heightening market anxieties about tight supply.
Energy markets mostly higher in Friday trading, led by crude gains
Energy prices were broadly higher in afternoon trading Friday (May 15, 2026), with benchmark crude oil futures posting gains as traders tracked shifting supply signals across global markets.As of 2:01 pm Friday in Tokyo, WTI was up $1.24 at $102.41, a 1.23% increase. Brent crude rose $1.24 to $106.96, up 1.17%, while Murban crude gained $0.55 to $104.70, a 0.53% advance.Oil slides 2%+ as traders price in de-escalation, heavy crude differentials swingRefined products also moved higher. Gasoline f...
US investors confident of Cornish Pirates growth
US investors confident of Cornish Pirates growthImage source, Brian TempestImage caption, Cornish Pirates finished seventh in the Champ this seasonByBrent Pilnick, BBC Sport England and Andy Birkett, BBC SpotlightPublished54 minutes agoNew American investors in Cornish Pirates say they can increase the value of the Champ club. Pittsburgh-based Stonewood Capital Management has invested what has been described as a seven-figure amount in the Penzance-based side.Pirates finished the season seventh...
Dubai gold prices fall Dh7 overnight as stronger dollar hits bullion
Dubai: Dubai gold prices fell sharply on Friday morning, tracking a broad global decline in bullion prices as investors moved away from safe-haven assets amid rising US bond yields, a stronger dollar and fading hopes of near-term US interest rate cuts.The Dubai 24K gold rate dropped to Dh556.50 per gram from Thursday evening’s Dh563.75 — a steep fall of Dh7.25 per gram overnight. Meanwhile, 22K gold declined to Dh515.25 from Dh522.00. This offers UAE shoppers and jewellery buyers a noticeable pr...
I've never seen anything like the abuse during this election
I've never seen anything like the abuse during this election17 minutes agoShareSaveAdd as preferred on GoogleRebecca WoodsBBC News, EnglandShazad FazalYorkshire-born Shazad Fazal was told to "speak English" and "get out of the UK"In the hours after he was re-elected, councillor Shazad Fazal scrolled through the messages he had been sent on Facebook. Several were congratulatory - he's a popular figure in the Park ward of Calderdale, West Yorkshire, having served there for Labour since 2021. But t...
India’s RBI Raises Dealer Targets, Lifts Bond Trading Activity
The Reserve Bank of India raised trading targets for the country’s bond market makers in a bid to boost liquidity, driving a surge in activity in the 10-year benchmark security, according to people familiar with the development.
Jim Chalmers responds to the budget’s critics - podcast
The political editor, Tom McIlroy, and the economics editor, Patrick Commins, speak with Jim Chalmers about the criticisms that his ‘reforming’ and ‘ambitious’ budget, while historic, stands to benefit only a relatively small number of Australians.The treasurer also explains why the budget didn’t include an increase in tax for gas exports, and how this government is putting forward an economic strategy to address the anxieties that lead voters to turn to populism on the rightRead more: Continue...
MOEX Index down as morning trading session opens
As of 7:10 a.m. Moscow time (4:10 a.m. GMT) the MOEX Index was down by 0.25% at 2,652.68 points
Apparel Maker Epic Group on Tariffs, Global Challenges
Ranjan Mahtani, Founder and Chairman of apparel maker Epic Group, discusses how his company has been navigating global challenges, from Covid to Trump's 'Liberation Day' tariffs and the war in the Middle East. The group recently opened a net-zero manufacturing facility in India. (Source: Bloomberg)
Former USTR Tai Says US-China Trade Ties at Crossroads
Former US Trade Representative Katherine Tai unpacks the significance of the summit between Chinese President Xi Jinping and US President Donald Trump. She also outlines how the meeting could reshape US-China trade relations, highlighting both opportunities for cooperation and looming challenges. She speaks with Haslinda Amin on "Insight with Haslinda Amin (Source: Bloomberg)
Shapoorji In Talks With Cerberus, Farallon for $1.5 Billion Bond
Global investors including Cerberus Capital Management, Farallon Capital Management and Ares Management Corp. are in talks to invest in Shapoorji Pallonji Group’s proposed rupee debt of 143 billion rupees ($1.5 billion), according to people familiar with the matter.
Trump says made 'fantastic trade deals' with Xi
United States President Donald Trump said he made “fantastic trade deals” with Xi Jinping, as the pair met on Friday at final meetings of a superpower summit that, according to the US leader, has also reaped a Chinese offer to help open the Strait of Hormuz. Trump had arrived in Beijing seeking to seal deals in sectors including agriculture, aviation and artificial intelligence, as well as to contain differences between the two sides in a number of tense geostrategic areas — not least the Middle...
Kakao Sells $670 Million Stake In Korean Crypto Exchange Operator Dunamu To Hana Bank
AsiaEditors' PickKakao Sells $670 Million Stake In Korean Crypto Exchange Operator Dunamu To Hana BankThe Korean internet giant was an early investor in Dunamu, which operates the country’s most popular crypto exchange Upbit.ByZinnia Lee,Forbes Staff. I cover billionaires and startup founders in Asia.Follow AuthorMay 15, 2026, 12:00am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.@font-face{font-family: "Schnyder"; src:...
Fashion to Fish Farms: Meet Norwegian Billionaire Gustav Witzoe
33-year-old Gustav Magnar Witzoe is a fashion influencer, model, investor and a Norwegian billionaire. He’s also betting his fortune on creating the “world’s best fish farm.” (Source: Bloomberg)
CNG prices hiked by Rs 2/kg after petrol, diesel revision; check rates in your city
CNG prices have jumped by Rs 2 per kg across India, following recent hikes in petrol and diesel. This surge, attributed to the West Asia conflict impacting global energy supplies, sees Delhi's CNG now at Rs 79.09 per kg. Fuel rates have climbed significantly after a long period of stability, raising concerns about energy security.
As layoffs cross 1 lakh across tech industry, here are AI-proof jobs for engineers
Tech layoffs have surged past 1 lakh in 2026, impacting major firms like LinkedIn and Meta, even as companies invest heavily in AI. While mid-level and entry-level roles are cut, demand is rising for experienced engineers skilled in AI operations, maintenance, and integration. Soft skills and a proven AI track record are now crucial for securing these sought-after positions.
AI hit with over Rs 26k-cr loss in 2025-2026: 25% stakeholder took blow of $743m
NEW DELHI: The turbulence Indian airlines are facing for over a year now has started denting the fortunes of their foreign partners. The going got tough for them after the US-Iran war erupted on Feb 28.