Latest News

US shuts down Iran’s maritime trade despite optimism for more talks

DUBAI/WASHINGTON, April 15 (Reuters) – The United States said on Wednesday its military had completely halted trade going in and out ​of Iran by sea, while President Donald Trump said talks with Tehran on ending the war could resume this week, sending oil prices down for a second day. Trump said ‌negotiations between U.S. and Iranian officials could resume in Pakistan in the next two days and Vice President JD Vance, who led weekend talks that ended without a breakthrough, said he felt positive about where things stood. “I think you’re going to be watching an amazing two days ahead,”

Stock markets surge in early trade amid hopes of resumption of US-Iran peace talks

Mumbai, Apr 15 (PTI) Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday, mirroring a rally in global markets and a drop in crude oil prices below the USD 100 per barrel mark, amid hopes of renewed diplomatic engagement between the US and Iran. The 30-share BSE Sensex jumped 1,422.85 points to 78,270.42 in early trade. The 50-share NSE Nifty climbed 438.25 points to 24,280.90. All the 30-Sensex firms were trading in positive territory during initial trade. InterGlobe Aviation, Infosys, Tata Consultancy Services, Eternal, Larsen & Toubro and Bajaj Finance were the major gainers. Brent crude, the

Iran war promises green edge for Asia as plastic packaging runs short

SEOUL/TOKYO, April 15 (Reuters) – An ‘eco-friendly’ range of paper tubes and pouches touted by Yonwoo, a South Korean maker ​of packaging for cosmetics, has reaped unexpected benefit from the Iran war, which has disrupted supplies of the plastic needed to turn out single-use ‌wrapping. While the conflict has sent prices of plastic soaring to roughly four-year highs by choking off flows of the required raw materials of oil and petrochemicals, the company says it has fuelled inquiries three-fold for paper-based options. “Interest initially came from companies focused on sustainability … but if the plastics issue gets prolonged we expect

Rupee gains 20 paise to 93.15 against US dollar in early trade

Mumbai, Apr 15 (PTI) The rupee recovered 20 paise to 93.15 against the US dollar in early trade on Wednesday, backed by lower levels of crude oil prices and a weak American currency amid hopes of resuming US-Iran peace talks. Investor sentiment turned positive after US President Donald Trump said that a second round of talks with Iran could be held “over the next two days”. The latest remarks, which came days after the two sides failed to reach a peaceful resolution to the conflict in West Asia, led to a sharp decline in crude oil prices, boosting the risk

1 … 38 39 40 41 42 … 1,336