Friday, May 8, 2026

Business

Crude timing: $7 billion ‘unusual’ oil bets placed ahead of Iran war announcements

A few billion-dollar bets on oil markets were placed just before major Iran-related announcements by US President Donald Trump and the timing is now raising eyebrows...

Pakistan takes a risky gamble on gas, skips purchasing spot LNG, bets Hormuz tensions will ease

The Middle East crisis has set off a global energy strain, with countries rushing to...

Rupee in red: Currency falls 45 paise to 94.67 against US dollar

Rupee began its last trading session of the week in red, falling 45 paise against...

Oil at $101 but could Strait of Hormuz crisis push prices to $200?

The world’s busiest oil supply passage is in a chokehold, and the ripple effects are...

Oil prices jump as US-Iran tensions intensify; Brent crude stays beyond $100, WTI up 3%

Oil markets inched higher on Friday as tensions escalated between the US and Iran, making...
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Kenya scraps $2.6 billion Adani deals in wake of indictment

Kenyan President William Ruto cancelled two deals with Adani Group worth about $2.6 billion over alleged corruption, hours after company founder...

Kenya Cancels Adani Group Power Deal Amid US Bribery Charges | Economy News

New Delhi: Kenyan President Willian Ruto has taken a strong stance on major projects involving the Adani Group. On Thursday, he announced the...

Strong US dollar, domestic sell-off push rupee to all time low of 84.50

Indian rupee depreciated eight paise on Thursday to settle at an all-time low of 84.50 against the US dollar. The currency...

Equity investors lose Rs 5.27 lakh crore as domestic markets slump

Investor wealth tumbled by Rs 5.27 lakh crore on Thursday as markets witnessed a sharp decline, aligning with the fall in...

Hyundai Motor India To Establish Two Renewable Energy Plants In Tamil Nadu, Targets 100% Renewable Energy By 2025 | Economy News

New Delhi: Hyundai Motor India Limited (HMIL) has announced a major initiative to bolster its renewable energy portfolio by setting up two renewable...

Bitcoin nears $100,000 as traders continue to bet on Donald Trump’s return as US president

Bitcoin topped $98,000 for the first time on Thursday, continuing its momentum since the US presidential election results. The cryptocurrency's value...
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