Asia

Torm, the owner of the Danish flagged oil products tanker Torm Innovation, announced on Friday that the vessel will be sailing to Asia via the Suez Canal with its cargo after Houthi threats against shipping in the southern Red Sea. Yemen's Houthis, who are aligned with Iran, declared a naval blockade on Saudi Arabia?on?Monday. This could open a new front in the Iran War against the U.S. and expand the threat of global energy and trade outside the Gulf. The vessel will sail via the Suez Canal and around Cape Town to Asia, due to the current security situation on...

The owner of the Danish flagged oil products tanker, Torm Innovation, announced on Friday that the vessel will sail to Asia via the Suez Canal with its cargo due to the current security situation in southern Red Sea. The Iran-aligned Houthis declared a naval blocade on 'Monday against Saudi Arabia, opening up a new front in the war between the United States and Iran. This could threaten global energy supplies and trade beyond the Gulf. The vessel will sail via the Suez Canal and around Cape Horn to Asia, due to the current security situation on the southern Red Sea....

Indian?shares dropped on Friday and posted weekly losses as Brent crude briefly reached $100 a barrel in the midst of an escalating Middle?East crisis. HDFC Bank, the largest weight in 'the benchmark indexes', dropped 9.4%, its steepest drop in two-and-a half years, on margin concerns. Axis Bank also fell 7.6%, after reporting lower June quarter net interest margins. The Nifty 50 dropped 0.43% on the day to 23,767.45, and the BSE Sensex fell 0.43% at 76,059.77. This was the fifth consecutive session of losses. Infosys, Interglobe Aviation and BSE?Sensex fell by 0.6% and 0.8 percent, respectively, following weak results for...

Indian shares dropped 'on Friday', as oil prices rose to $100 per barrel, amidst the Middle East crisis. By 10:00 a.m. IST the benchmark Nifty 50 index fell 0.95%, while the BSE Sensex dropped 1.03%, to 75,609.4. Both were on track for a?fifth consecutive session of losses. The team has lost between 2.8% and 3.2% in the last week, and is on track to have their worst performance for four months. Donald Trump, the U.S. President, promised on Thursday a "major punishment" against Iran and its Houthi ally after Yemeni fighters attacked two Saudi oil tanks in the Red Sea....

Indian shares dropped on Friday as the Middle East crisis intensified, and oil prices rose to $100 per barrel. The'slide in 'IT company Infosys, and airline operator IndiGo, on the back of weaker than expected earnings, further weakened sentiment. By 10:00 a.m. IST the benchmark Nifty 50 index fell 0.95%, while the BSE Sensex dropped 1.03%, to 75,609.4. Both were on track for a fifth consecutive session of?losses. The team has lost between 2.8% and 3.2% in the last week, and is on track to have their worst performance for four months. Donald Trump, the U.S. president, promised a "major...

Indian'shares' fell on Friday due to the rise in oil prices, which reached above $100 a barrel as the Middle East crisis intensified. By 9:40 a.m. IST the benchmark Nifty 50 index fell by 0.8% to 23,678, and the BSE Sensex dropped by 0.91%, to 75,700.9, putting both indexes on track for a fifth consecutive session of losses. This week they have lost between 2.7% and 3.1%, which is their worst performance for the last four months. U.S. president Donald?Trump on Thursday promised to "majorly punish" Iran and its Houthi ally after Yemeni 'fighters' attacked two Saudi oil tanks in...

Indian shares?opened?lower on Friday. Pressured?by a rise in Brent crude?to over $100?per barrelas?the Middle?East crisis escalates. A slide in IT company Infosys, and airline operator IndiGo due to weaker than expected earnings further hurt the sentiment. By 9:15 a.m. IST the benchmark Nifty 50 slid 0.85% to 23,666.35, and the BSE Sensex fell?0.89%, to 75,708.19, putting both indices on course to suffer their fifth consecutive session of losses. U.S. president Donald?Trump on Thursday promised "major punishment" against?Iran, and its allied?Houthi fighters after they attacked two Saudi oil tanks in the Red Sea. This extended the Middle East conflict to a...

Indian shares will likely fall on Friday due to a deteriorating Middle East situation. Brent crude has now risen above $100 per barrel, the first time in two months. As of 7:12 am IST, the GIFT Nifty Futures were at 23,710, which indicates that the benchmark Nifty50 could open lower than Thursday's closing price of 23,869.6. Donald Trump, the U.S. president, promised on Thursday a "major military punishment" against Iran and its Houthi ally after two Saudi oil tanks were attacked by Yemeni fighters in the Red Sea. This extended?the Middle East conflict to a second important shipping chokepoint. India's...

IndiGo, India's stop?airline, reported a?loss in the first quarter on Thursday due to?high fuel prices?caused by?the Iran war. Budget carrier reported a loss for the quarter ending June 30 of 3.82 billion rupees (about $39.6 million), compared to a profit of 21.61 billion rupees one year ago. IndiGo and other airlines that do not hedge their fuel have been battling with rising jet fuel prices. The Iran war has pushed crude oil to above $100 per barrel during the quarter, reducing margins. Revenues grew by 20% in the quarter to 245.84 billion Rupees. However, expenses increased at a faster rate...

Chinese titanium suppliers used this week's 'Farnborough Airshow' to court aerospace customers. They bet that tight global supplies of a critical metal will outweigh any concerns about U.S. Tariffs. Titanium is a vital material in aircraft production because of its light weight, strength and corrosion resistance. It's used for landing gear, jet engines and airframes. Supplies have been squeezed by a number of shocks over the past few years. From the COVID-19 pandemic to Western sanctions against Russia, a major producer of titanium after its full-scale invasion in Ukraine 2022. To U.S. Tariffs on Chinese Imports under President Donald Trump....

Two sources who have direct knowledge of the situation said that Indian billionaire Gautam 'Adani's group is considering launching a new airline. This could reshape the competition in a market currently dominated by IndiGo &?Air India. Sources declined to be named because they weren't authorised to talk to the media. According to the first source, India has been encouraging business groups to start an airline, including Adani. This is due to the ongoing scrutiny of Air India after 'last year's crash, and IndiGo's operational problems that led to 'widespread disruptions in December'. Adani?did not immediately respond to?questions from?. Reporting by...

These are the most popular stories in the Wall Street Journal. The?has not?verified these stories and?does not?vouch for their accuracy. Union Pacific has struck a deal with Canadian National Railway in which it will give Montreal Railway more access to the Midwest, in exchange for the company ending its opposition to Norfolk Southern's merger with the American railroad. After the companies made concessions in relation to film distribution, the European Union has approved Paramount's $81 Billion bid to purchase Warner Bros Discovery. IBM CEO Arvind Krsna urged the company to shift its sales force away from large licensing deals and...

Greek security sources said that air defence systems in Saudi Arabia intercepted on Saturday two ballistic missiles fired from Yemen, which were aimed at oil refineries in Yanbu. This was as Saudi Arabia and the Iran-aligned Houthis traded fire in the new front of the Iran War. The coalition led by Saudi Arabia in Yemen announced late on Friday that it had hit Houthi military bases in the port of Hodeidah in connection with attacks against shipping by the group. This group has declared a maritime blockade on Saudi Arabia. Abdul Malik al-Houthi, the leader of the Houthi group, said...

Kuwait?Petroleum Corporation has announced a deal worth $16?billion for its crude oil pipeline?network. The consortium includes global?funds Blackstone Brookfield and KKR. The largest foreign direct investment ever made in the history of the country. Kuwait Oil Company, a unit of KPC, is establishing a joint-venture with three U.S. investors in a lease-and-leaseback structure over a 20-year period that includes a tariff based on volume, KPC said in a press release. The deal is part of an effort by Gulf State oil companies and investors to attract foreign capital and raise funds through infrastructure assets, in order to finance domestic investment...

U.S. rockets?hit targets in Iran on Friday, after President Donald Trump promised "major punishment" to Tehran and its Houthi ally in Yemen for extending Middle East war into a'second major shipping chokepoint at the mouth of Red Sea. The 'Iranian Armed Forces' responded two weeks after an interim ceasefire meant to end war collapsed by firing on U.S. bases and warning the people of neighbouring Arab nations that they could strike non-military structures used by U.S. personnel. The Houthis who control the northern and western parts of Yemen have announced a blockade of Saudi Arabia. Saudi Arabia has diverted millions...

Enagas, the Spanish gas grid operator, announced on Wednesday that it had agreed to purchase a 20% stake from 'Osaka Gas in eastern Spain's 'Saggas' regasification plant. It also reported first-half earnings, which it claimed kept it on track to meet its 2026 forecasts. The company announced that it would pay EUR31,000,000 ($35,000,000) for a stake in the Sagunto plant, located in the Valencia region. This plant has a storage capacity of 600,000.000 cubic meters and a regasification capability of 1.1 million normal cubic metres an hour. This is equal to 18% of Spain's total and 15% of its total....

Three industry sources reported on Tuesday that the Caspian Pipeline Consortium has ceased receiving oil from Kazakhstan after the suspension of 'loadings' due to a sabotage attack against 'oil tankers? at its Black Sea Terminal. Two sources said that the oil?reservoirs are also full at the terminal. CPC, the company that accounts for 80% of Kazakhstan's oil exports, declined to comment. CPC announced on Monday that oil loads were'suspended' at the Black Sea Port following a ukranian drone attack against tankers. Chevron continues its monitoring of the situation at CPC. Safety and security for personnel are our highest priority. Chevron's...

Houthis, who are allied with Iran, in Yemen, will blockade Saudi Arabia's maritime traffic, they announced on Monday. This would further restrict a global market for energy, which is already severely restricted due to Iran's closing of the Strait?of Hormuz. Why it matters, and what it means to the Iran War and the global energy crises: How big is the risk to global energy markets? It's not clear what the Houthis will do to blockade Saudi Arabia along the Red Sea Coast, their northern neighbor. Or if they would return to attacking shipping. Yemen is located on the strait of?Bab...

UOB Private Bank (the wealth management arm of United Overseas Bank in Singapore) has appointed Judy Chan as managing director for Hong Kong. This appointment will take effect July 2026. The following is more information about the statement: Chan will report to Chew Mun Yew as the head of private banking for the group. She will oversee the local private banking team and lead the bank's work in Hong Kong with wealthy clients. Chan has over 30 years' experience in private and commercial banking. She has been in senior positions?managing teams, growing business?in key markets and advising on wealth planning...

According to a Moroccan-Nigerian statement, member states of the Economic Community of West African States signed an intergovernmental agreement in 'Freetown on Sunday backing the 'Nigeria - Morocco Atlantic gas pipeline. According to a joint?statement?by Morocco’s hydrocarbons & mining agency ONHYM & Nigeria’s state oil firm NNPC, the pipeline will transport up to 30 billion cube metres (bcms) of natural gases a year through 13?West African nations to Morocco. The statement stated that 15 bcm of that capacity will be?available for Moroccan and European markets via an?existing pipe that links 'Morocco with Spain. The pipeline was agreed upon a decade...

CPC announced on Sunday that two?oil tanks were attacked by a gang of armed men at a terminal near the Black Sea coast in?Russia. Oil loadings have been suspended. CPC reported that the ASIA and NISSOS tanks were attacked during loading operations. CPC said that the ASIA tanker caught on fire and was put out. CPC employees and contractors were not injured or killed. CPC confirmed that there was no oil spill, adding that the tankers were still afloat. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their...

The energy ministry announced on Friday that Azerbaijan’s oil and condensate production fell from 13.7 million metric tons in the same period last year to 13.3 millions metric tons in this time frame. Azerbaijan’s gas production from January to June increased to 25.4 billion cubic meters from 25.2 billion cube metres in the same period last year, while oil exports fell to 10.2 millions tons from 11.6million tons, according to the report. BP, a British company, reduced its Azerbaijan oil?production to?7.9 millions tons from 8.0million tons a year ago. Gas exports into Europe dropped to?5.9 billion cubic meters from 6.1...

CPC reported that two drones attacked and damaged an oil tanker, which was chartered to load oil at the Caspian Pipeline consortium terminal near Russia's Black Sea coast. ExxonMobil was said to have chartered the Suezmax class Nordic Zenith. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their attacks on shipping in the Black Sea and Azov Seas. This marks a new phase in a war which has been fought mainly on the ground. CPC stated in a press release that a fire had broken out on the...

Telstra CEO Vicki. Brady said on Friday that the outage last week at Australia's biggest telecoms.firm was probably caused by a.missed software update and an undocumented.design change.on a network.time-keeping.device. Last Wednesday's outage was the latest of a series that has hit Australia's telecoms sector in the last few years. It cut off phone service for thousands of customers and disrupted wireless payment systems. Optus, Australia's second largest telecoms company, experienced a?13 hour disruption in emergency call services, which may have led to four deaths. This was followed by a cyberattack in 2022 that exposed the personal information of millions of...