Latest News

US service sector cools in March; price paid measure highest in 3-1/2 years

WASHINGTON, April 6 (Reuters) – U.S. services sector growth slowed in March, while prices paid by ‌businesses for inputs climbed to near a 3-1/2-year high, an early sign that the prolonged war with Iran was boosting inflation pressures. The Institute for Supply Management said on Monday its nonmanufacturing purchasing managers index slipped to 54.0 last month from 56.1 in ​February. Economists polled by Reuters had forecast the services PMI dipping to 54.9. A reading above 50 ​indicates growth in the services sector, which accounts for more than two-thirds of U.S. ⁠economic activity. The U.S.-Israel conflict with Iran, now in its

Israel hits Iranian petrochemical plant in massive gas field as Trump deadline approaches

A man sits beside an Iranian flag banner during a government-sponsored protest attended by medical workers against the U.S.-Israeli military campaign outside Imam Khomeini Hospital in Tehran, Iran, Monday, April 6, 2026. (Photo: AP)

TEHRAN, Iran, April 6, 2026 (AP) — Israel struck a key petrochemical plant at Iran’s massive South Pars natural gas field and killed two paramilitary Revolutionary Guard commanders on Monday, potentially challenging a new 45-day ceasefire proposal for Tehran and the United States as President Donald Trump’s ultimatum looms within hours. The gas field attack was aimed at eliminating a major source of revenue for Iran, Israel said. The field is critical to Iran’s electricity production, but the strike appeared to be separate from Trump’s threats to target power plants and bridges if Tehran doesn’t reopen the Strait of Hormuz

Rupee rises 14 paise to close at 93.04 against US dollar

Mumbai, Apr 6 (PTI) The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank’s initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative positions and capped banks’ net open positions at USD 100 million. At the interbank foreign exchange, the rupee opened at 93.13 against

Sensex jumps 787 points; Nifty nears 23k level on softening crude oil prices

Indian stocks trader watch share prices on his screen during intra-day trade in Mumbai.

Mumbai, Apr 6 (PTI): Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia war. Besides, intense buying in bank stocks also supported investor sentiments. In a volatile session, the 30-share BSE Sensex jumped 787.30 points, or 1.07 per cent, to settle at 74,106.85. During the day, it surged 887.91 points, or 1.21 per cent, to 74,207.46. The 50-share NSE Nifty edged higher by 255.15 points, or 1.12 per cent, to end at 22,968.25. From the 30-Sensex firms,

1 … 229 230 231 232 233 … 1,535