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IMF, World Bank say they are restoring ties with Venezuela
Acting President Delcy Rodríguez calls resumption of ties 'great achievement' of Venezuelan diplomacy.
Sensex, Nifty opening: Will stock markets rise or fall today?
Sensex Nifty opening Will stock markets rise or fall today
Auto financing rises to Rs345bn
KARACHI: Geopolitical tensions have not dampened the hopes of new car buyers, as outstanding auto loans surged for the 16th consecutive month to Rs345.34 billion in March, up from Rs336bn in February, thanks to lower interest rates. However, sales of cars, sports utility vehicles, pick-ups and vans totalled 15,531 units in March, up 40 per cent year on year (YoY) but down 9pc month on month (MoM) due to a 23pc MoM drop in sales of the market leader Pak Suzuki, followed by a nine per cent...
Oaktree’s Senior Credit Executive for Asia Set to Depart Firm
MarketsOaktree’s Senior Credit Executive for Asia Set to Depart FirmFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Giulia Morpurgo and Trista Xinyi LuoApril 17, 2026 at 3:20 AM UTCBookmarkSaveOne of Oaktree Capital Group LLC’s most senior investment professionals for Asia is set to leave the firm in th...
US oil floats to top as Asia looks for Middle Eastern alternatives amid Iran war
Asian refiners have grown increasingly reliant on US crude as oil-starved fuel makers scour the globe to replace Middle Eastern supply and stave off shortages that could ripple through the broader economy. Buyers in Japan led the charge to purchase May-loading cargoes from the US early in the month, with South Korean, Singaporean and Thai processors also among customers, said traders familiar with the matter. At least 60 million barrels of grades from the US Gulf were bought for loading next...
Australia's once‑booming wine industry is now on its knees. And it's 'goody two-shoes' Gen Z drinkers who are to blame, a leading grower says
Australia's once‑booming wine industry is now on its knees. And it's 'goody two-shoes' Gen Z drinkers who are to blame, a leading grower saysSouth Australian winery collapses into administrationREAD MORE: Footage from Australia shows bulldozers tearing up vineyardsBy CAITLIN POWELL - NEWS REPORTER Published: 04:14, 17 April 2026 | Updated: 04:14, 17 April 2026 e-mail View comments
MSE issues message to 1.6 million homes as energy prices may increase
MSE issues message to 1.6 million homes as energy prices may increaseMartin Lewis founded MSE, and the team have urged people to be carefulCommentsNewsSophie Buchan Money and Lifestyle Writer04:06, 17 Apr 2026View 3 ImagesThe MSE team, which Martin Lews founded, has urged some homes to see if they could benefit from solar panels (Image: Martin Lewis/X)The Money Saving Expert (MSE) team has warned people that energy prices are predicted to rise after this month. But some homes may be able to slas...
Jet fuel supplies are lagging: What it means for airlines and travellers
A looming jet fuel shortage across Europe and Asia, triggered by the Iran war and the effective closure of the Strait of Hormuz, could disrupt global travel within weeks if oil flows are not restored soon.The pressure on supplies risks higher airfares and potential flight cancellations as the peak summer travel season approaches.Get updated faster and for FREE: Download the Gulf News app now - simply click here. In an exclusive Associated Press interview, International Energy Agency (IEA) Direct...
Major flight disruption coming? Europe has just 6 weeks of ATF left
Major flight disruption coming Europe has just weeks of ATF left
Aurangzeb appreciates China’s IMF support, advances economic cooperation during Washington meetings
Finance Minister Muhammad Aurangzeb on Friday expressed appreciation for China’s continued bilateral support at the International Monetary Fund (IMF), as well as the constructive role played by its Executive Director in facilitating Pakistan’s programme engagements. According to a post by the Ministry of Finance Pakistan on X, the remarks were made during high-level meetings held in Washington, DC on the sidelines of the World Bank–IMF Spring Meetings 2026. During his visit,...
Albanese says no fuel restrictions in wake of massive Geelong refinery fire
Prime minister says Corio refinery fire will not push Australia into stage 3 restrictions, despite reduced production of petrol, diesel and aviation fuelFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAnthony Albanese says petrol production has fallen 40% at one of Australia’s two remaining oil refineries but the damage caused by the fire at the Geelong facility will not lead to fuel restrictions.The prime minister spoke outside th...
OCBC Is Said to Emerge as Lead Bidder for HSBC Indonesia Assets
Oversea-Chinese Banking Corp. has emerged as the preferred bidder to buy HSBC Holdings Plc’s retail assets in Indonesia, people familiar with the matter said, as the Singaporean lender seeks to boost its presence in Southeast Asia’s largest economy.
Investors Should 'Look Under the Hood' of Markets: IG International
IG International's Fabien Yip says that while the stock market "is striking new highs," it's important for investors to "look under the hood" as some corporate earnings and news "could potentially give a shock to the rally that we're seeing." (Source: Bloomberg)
Iran war exposes cost of Asia’s fossil fuel reliance
• Forces Bangladesh into costly spot market due to loss of LNG contracts• Solar expansion cuts Pakistan’s fuel import bill by billions over four years• Analysts urge faster global shift to clean power for reducing price shocks DHAKA: As a second major energy shock in four years roils global markets, the contrasting experiences of Pakistan and Bangladesh are underscoring the severe costs for emerging market countries that rely on fuel imports and making a powerful case for a shift toward cleaner...
Australia’s Treasurer Flags Inflation Risk Before Budget
Australian Treasurer Jim Chalmers tells Bloomberg TV that the global economy faces a “really dangerous moment” as the Middle East conflict threatens to accelerate inflation and drag on activity. (Source: Bloomberg)
Oil prices today: Crude falls in early trade on hopes of easing Middle East conflict
Oil prices dipped as hopes for a Middle East peace deal surged following a ceasefire and potential US-Iran talks. While a temporary agreement might be close, concerns over significant supply disruptions from the Strait of Hormuz closure persist. Experts anticipate continued price volatility until lasting peace and open trade routes are restored.
Spirit Airlines could go out of business TONIGHT as panicked passengers fear being left stranded at airports across the US
Spirit Airlines could go out of business TONIGHT as panicked passengers fear being left stranded at airports across the USSign up for our US Editor's Picks newsletter to get all the biggest exclusive stories By ELIOT FORCE, US NEWS REPORTER Published: 03:36, 17 April 2026 | Updated: 03:43, 17 April 2026 e-mail View comments
PSX surges over 2,400 points in midday trading
The Pakistan Stock Exchange (PSX) maintained bullish momentum on Friday as the benchmark KSE-100 Index surged over 2,400 points in midday trading. The index climbed to around 172,365 points, marking a gain of approximately 2,453 points, or 1.42%, from the previous day’s close of 169,911.95. It touched an intra-day high of 173,444.89 and a low of 170,758.25, reflecting strong buying interest across the board. Trading activity remained robust, with total volume exceeding 330 million shares...
Rs 20 fake electricity bill, Rs 1.99 lakh cyber fraud, apex consumer body orders SBI to pay up
The national consumer commission was hearing a second appeal filed by the State Bank of India (SBI) challenging the Karnataka State Consumer Commission’s May order directing refund of Rs 1.99 lakh along with compensation.
रोल्स-रॉयस में 'शाही चाय' बेचने का एक्सपेरिमेंट वायरल, कमाई से ज्यादा खर्च