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Did Anthony Albanese just cement a third interest rate hike in May by cutting the fuel excise?
Injecting $1.5bn via petrol subsidies into an inflated economy may change things for the Reserve Bank board at its next meetingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastEconomists will say that what millions of motorists gain in...
BlackRock's Hambro on Why Investors Are Rotating Into Commodities
Why did gold fail to protect portfolios during the latest market shock? In this episode of Merryn Talks Money, Merryn Somerset Webb speaks with Evy Hambro, global head of thematic and sector investing at BlackRock, about the violent moves in gold and silver, the new energy risk premium, and why comm...
Big retailers say UK jobs at risk from guaranteed hours reforms
More than half of roles could be hit and young shop workers in particular could lose out, trade body warnsMore than half of retail jobs could be affected by reform to guaranteed working hours, making it harder for shops to employ people – particularly young workers – in part-time roles, the industry...
Investors Balk at Terms in JPMorgan’s $7.2 Billion Sealed Air Debt Deal
Banks led by JPMorgan Chase & Co. are facing pushback on the terms of a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp., according to people familiar with the matter.
دولت استرالیا برای سه ماه مالیات سوخت و گازوئیل را به نصف کاهش داد
نخستوزیر استرالیا اعلام کرد برای کاهش فشار ناشی از افزایش قیمتها بهدلیل جنگ آمریکا و اسرائیل با ایران، مالیات سوخت را به مدت سه ماه ۵۰ درصد کاهش میدهد؛ اقدامی که بهای هر لیتر را ۲۶.۳ سنت کاهش میدهد و ۲.۵۵ میلیارد دلار استرالیا هزینه خواهد داشت.
Iran War Drives Stagflation Risks: Citi
The Iran conflict is raising the prospect of stagflation and is "a pretty bad mix for markets," according to Jim McCormick, Chief Global Macro Strategist at Citi. He speaks on the sidelines of the Citi Hong Kong Macro Conference. (Source: Bloomberg)
Indian Rupee Surges as RBI’s Cap on Limits Sparks Dollar Sales
India’s rupee posted its biggest gain since February after a central bank move aimed at curbing speculation triggered a rush among lenders to sell dollars, helping the local currency rebound from record lows.
Citi's McCormick Sees Steeper Yield Curve Globally
Jim McCormick, Head of Macro Strategy at Citi, says the Iran war poses a significant challenge for global central banks. He expects less monetary tightening from Asian policymakers but greater fiscal support in response to the conflict, a combination he says could lead to a steepening yield curve. (...
Hua Medicine on Earnings, Business Expansion Plans
Chinese biotech firm Hua Medicine sees robust growth in 2026 after reporting a 93% jump in full-year revenue. Speaking exclusively to Bloomberg's "The China Show," Chief Strategy Officer George Lin discusses the outlook for the company’s flagship drug dorzagliatin and plans to expand to additional m...
Russian tanker nears Cuba with much-needed oil as Trump softens tone
A Russian tanker full of crude oil has entered Cuban waters and was expected to reach port on Monday, possibly granting a lifeline to Cuba as US President Donald Trump appeared to relax a de facto oil blockade on the Caribbean island.
Oil jumps, stocks slide ahead of U.S. stock market open as Iran war rounds one month
Global oil prices jumped and U.S. stock futures slid ahead of Monday’s market open after the weekend saw Iran-backed Houthi militants launch ballistic missiles at Israel and 3,500 additional U.S. troops arrive in the Middle East as the conflict rounded one month.
RBI’s forced dollar unwind to keep rupee from sliding, bruise banks
Until Friday, banks could run net open positions of up to 25% of their net worth. In practice, large lenders often accumulated sizeable long dollar bets, sometimes in excess of of $1 billion, on expectations of rupee depreciation. The new cap forces a rapid reversal. By April 10, 2026, banks must cu...
Two of Australia’s largest souces of jet fuel could be cut off as South Korea and China eye restrictions
South Korea’s transport ministry says domestic airlines have asked authorities to redirect export-bound jet fuel back to the local market amid a supply crunch• Get our breaking news email, free app or daily news podcastSouth Korean airlines have asked their government to help redirect jet fuel expor...
No jail term for farm goods, textiles export rule slip-ups
Similarly, failure to furnish information or sample, or furnishing false information or sample and damaging books of account or refusal to furnish it will not result in a jail term of up to three months, instead a fine of Rs 10,000-25,000 can be levied under the Handlooms (Reservation of Articles fo...
Foreign brokerages cut India Inc’s earnings, index targets
Foreign broking major Goldman Sachs has cut the Nifty target to 25,900 points from 29,300 points earlier while Citigroup has revised down their target for the index to 27,000 points from 28,500 points earlier. On its part, HSBC said that historical trend shows that a 20% rise in oil price could drag...
Global Oil Market in for a Shock: Fahmy
Former US Associate Deputy Energy Secretary Randa Fahmy warns that the ongoing Middle East conflict could extend for a prolonged period. She speaks after Iran-backed Houthi militants in Yemen entered the conflict over the weekend. (Source: Bloomberg)
Oil and Aluminum Climb as Peace Push Ramps Up
Parts of Tehran lost electrical power after missile strikes on Sunday as Iran and its proxies lobbed attacks at US allies over the weekend and thousands more American military personnel moved into the region. Bloomberg’s Laura Davison reports on the latest.
Labor to halve fuel excise on petrol and diesel for three months after national cabinet meeting
Move comes five days after Jim Chalmers said Labor was not considering cutting the fuel exciseAnthony Albanese has slashed the fuel excise in half in a move which will save motorists 26 cents a litre, and is encouraging people to take public transport where they can, as the national cabinet announce...
Nearly 3 lakh PNG connections added in March: Govt
Petroleum secretary Neeraj Mittal, in an online post, said that by giving up their LPG connections, people have helped those who don’t have access to gas cylinders. “Join this strong, bold group of do-good citizens who have come forward to give up LPG to help those get LPG who don’t have PNG,” he sa...
Hong Kong IPO Revival Hits Snags, Raising Stakes for Big Deals
Hong Kong’s relentless surge in share sales over the past year is beginning to encounter headwinds, potentially slowing deal momentum and raising the stakes for a wave of jumbo transactions in the pipeline.