Seoul, March 12 (IANS) South Korean stocks continued to trade lower late on Thursday morning as investors sat on the sidelines amid lingering oil price swings sparked by the US-Iran war.The benchmark Korea Composite Stock Price Index (KOSPI) fell 43.49 points, or 0.78 percent, to 5,566.46 as of 11:20 a.m.The International Energy Agency announced a plan to release oil reserves to ease woes over supply disruptions at the Strait of Hormuz, though investors remained concerned about potential long-te…
Latest US-Iran war News & Updates
New Delhi, March 11 (IANS) Crude oil prices further declined on Wednesday after reports surfaced that the International Energy Agency (IEA) proposed the largest release of emergency reserves in its history to cool the price surge fuelled by the US‑Iran war.The proposed release would surpass the 182 million barrels deployed in two tranches in 2022 following Russia’s invasion of Ukraine, according to multiple reports. The Group of Seven (G7) nations have asked the IEA to prepare scenarios for …
New Delhi, March 9 (IANS) The government has assured highway construction companies that supplies of key raw materials such as bitumen, cement and diesel will remain adequate despite logistics disruptions linked to the US-Iran war, sources said.Citing sources, a report from NDTV Profit said that officials from the National Highways Authority of India met with members of the National Highways Builders Federation after contractors raised concerns about delays in truck movements and ship offloading…
New Delhi, March 4 (IANS) Safe‑haven currencies, from the dollar to the yen and gold, are expected to rally and equity sentiment could worsen due to supply chain disruption amid escalation of the US-Iran war, a report said on Wednesday.The report from DBS Bank said spreads of sovereign and corporate bonds could widen as investors while the monetary policy will stay put in the near term. Taimur Baig, Chief Economist, DBS Bank, warned that despite the Iranian Navy’s warships posing minimal thr…
New Delhi, March 2 (IANS) Pakistan’s benchmark KSE‑100 index plunged nearly 10 per cent on Monday amid escalating geopolitical tensions due to the US-Iran war along with the country’s ongoing military operation in Afghanistan dampening investor sentiment.The index was at 151,798.54 at about 2:19 pm, down 9.68 per cent. The KSE‑30 index fell around 9.8 per cent before trading was halted for an hour, after which the market reopened taking KSE‑30 to trade about 7.3 per cent lower.The sell…
Kathmandu, March 2 (IANS) With just three days remaining before the scheduled parliamentary elections on March 5, Nepal’s interim Prime Minister Sushila Karki on Monday urged citizens to actively participate in the polls, describing the vote as an opportunity to shape their own future and that of their children.Nepal is going for fresh elections after the Gen-Z movement in September last year toppled the government led by former Prime Minister K P Sharma Oli. An interim government was subsequent…
Mumbai, March 2 (IANS) The Indian equity markets opened the week sharply lower on Monday, tracking a broad risk-off sentiment across global markets due to the US, Israel and Iran war.As of 9.28 am, Sensex lost 891 points, or 1.10 per cent, to reach 80,395 and Nifty eased 268 points, or 1.07 per cent, at 24,909.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 1.14 per cent, and the Nifty Smallcap 100 lost 1.35 per cent.All sectoral indices trad…