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Back to homepageWall Street dips in choppy trade, caught between oil fears and peace talk buzz
NEW YORK, March 25 — Wall Street indexes lost ground in Tuesday’s volatile session as investors swayed between fears of rising oil prices and hopes for a resolution to the US-Israeli war on Iran as US President Trump claimed progress
Read MoreBMW recalls 180,000 cars in China over fire risk, including 5 Series, 7 Series and M5 models
BEIJING, March 24 — The Chinese arm of German automaker BMW will recall nearly 180,000 vehicles due to a possible wiring fault in air conditioning units that poses a fire risk, China’s market regulator said today. The recall, which is
Read MoreTrump backs off strikes, stocks jump — but shaky peace hopes keep oil volatile
HONG KONG, March 24 — Stocks rose today after Donald Trump delayed strikes on Iranian energy sites and hailed “very good” talks with Tehran but oil prices rebounded as optimism over a possible de-escalation of the Middle East war remained
Read MoreFuel pain ahead: Thailand warns diesel prices will follow market
BANGKOK, March 24 — The Thai government can no longer sustain diesel price controls amid a prolonged global energy crisis, according to Deputy Prime Minister Ekkanit Nitithanprapas. Ekkanit, who is also the finance minister, said the government would have to
Read MoreCore consumer prices in Japan slow as govt moves to curb energy costs
TOKYO, March 24 — Japan’s core inflation slowed to 1.6 percent in February, government data showed Tuesday, although it could soon rise again as the Middle East war sparks surges in oil prices. The year-on-year rise in consumer prices, which
Read MoreJealous much? US car buyers eye affordable, tech‑loaded Chinese EVs, yet politics keep them off American roads
DETROIT, March 23 — Sooren Moosavy wants to buy an affordable electric car in the US, motivated by environmental concerns and a preference for the EV’s smoother ride. But the 28-year-old Baltimore resident’s search has brought him to a trio of
Read MoreGold loses shine: Prices plunge 23pc as Iran conflict rattles markets, silver halves
LONDON, March 23 — Gold and silver prices continued to see sharp losses on Monday, with bullion failing to act as a traditional safe haven amid the Iran conflict, reported German Press Agency (dpa). Spot gold fell about four per
Read MoreDollar rises as Middle East tensions spark flight to safe-haven assets
TOKYO, March 23 — The dollar rose today as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets. The Australian dollar, a liquid proxy for global sentiment, slid as equities sold off
Read MoreCambodia LPG supplier halts sales over Middle East supply disruptions
PHNOM PENH, March 23 — A major Cambodian energy supplier will halt sales of liquefied petroleum gas (LPG) from April 1 after supply disruptions linked to the Middle East conflict. Sokimex said it would “temporarily suspend the supply of LPG
Read MoreOil prices spike as Trump gives Iran 48-hour ultimatum over Strait of Hormuz
TOKYO, March 22 — Oil prices rose early Monday after US President Donald Trump gave Iran a 48-hour ultimatum to reopen the Strait of Hormuz or face strikes on its energy infrastructure, while Israel warned its war effort could continue
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