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Sensex climbs 450 points in early trade on positive Asian peers

Mumbai, May 14 (PTI) Benchmark equity indices Sensex and Nifty climbed in early trade on Thursday, driven by buying in banking shares and positive cues from Asian markets amid optimism surrounding the ongoing US-China Summit. The 30-share BSE Sensex jumped 450.51 points, or 0.60 per cent, to 75,059.49 in early trade. The 50-share NSE Nifty advanced 169.95, or 0.73 per cent, to 23,582.55. Among the Sensex constituents, Adani Ports, Trent, Asian Paints, NTPC, Sun Pharmaceuticals, UltraTech Cement, Bharti Airtel, Larsen & Toubro, ITC, Tata Steel, ICICI Bank and Mahindra & Mahindra were the major gainers. On the other hand, HCL

Rupee falls 20 paise to all-time low of 95.86 against US dollar in early trade

Mumbai, May 14 (PTI) The rupee opened on a weak note and depreciated 20 paise to a record low of 95.86 against the US dollar in early trade on Thursday, weighed down by elevated crude prices and concerns over the West Asia crisis. The rupee has now weakened by more than 6 per cent against the US dollar since the West Asia conflict began, making it Asia’s worst-performing currency so far in 2026. In a major move aimed at protecting foreign exchange reserves, India raised import duties on gold and silver from 6 per cent to 15 per cent, but

Trump wants China’s help on Iran. Beijing may have other ideas

WASHINGTON/BEIJING, May 14 (Reuters) – When U.S. President Donald Trump meets ChinesePresident Xi Jinping this week he is expected to ask for help resolving his costly and unpopular war with Iran. He is unlikely to get the support he wants. Analysts said that while Xi might agree to nudge Iran’s leaders back to the negotiating table, China’s leader will be reluctant to cut economic support for Beijing’s most important partner in the Middle East or to stop supplying it with the ​dual-use goods its military needs. Trump, for his part, has powerful tools to pressure China – including the threat

Netanyahu’s secret visit to UAE during the Iran war leads to a breakthrough, his office says

JERUSALEM, May 14, 2026 (AP) — Israeli Prime Minister Benjamin Netanyahu secretly visited the United Arab Emirates during the Israeli-US war with Iran, further strengthening ties with a Gulf nation that normalized relations with Israel in 2020, his office said Wednesday. Netanyahu met with UAE President Sheikh Mohammed bin Zayed Al Nahyan in a gathering that “resulted in a historic breakthrough in relations between Israel and the United Arab Emirates,” according to the statement. The announcement came just a day after the U.S. ambassador to Israel Mike Huckabee revealed that Israel had sent Iron Dome air-defense weapons and personnel to

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