European stocks close lower as Iran war intensifies; miners lead losses
European stocks slumped over 2% on Thursday as the Iran war escalates following attacks on Iranian and Qatari energy infrastructure.
Chip buyers in Europe are paying more and tapping backup stores as Iran war hits air freight
The Iran war has caused turmoil to cargo routes through the Middle East, as shipping and airports have been targeted.
European Central Bank holds rates steady, warns outlook is ‘significantly more uncertain’
The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.
Asia tech stocks sink as oil spike and Qatar attacks threaten chip supply chain
Asian technology stocks fell on Thursday as Iran’s latest attacks on Qatar’s Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment.
HDFC Bank shares fall over 5% as part-time chair of India’s largest private bank resigns over ‘ethics’
Interim part‑time chairman, Keki Mistry, said that Atanu Chakraborty, had not provided the board with any evidence or details of the alleged unethical practices.
Australia says fuel supply levels stable, PM urges residents to avoid panic buying
Demand spikes led to shortages in rural areas, Australia government appoints fuel supply task force coordinator
Inside India newsletter: Gold loans are thriving in India — and attracting global investors
Gold-backed lending, a billion-dollar industry, is reshaping India’s retail credit landscape and drawing global investors to the sector.
Trump warns U.S. will ‘blow up’ South Pars gas field in Iran if strikes against Qatar energy continue
World leaders are scrambling to contain a spiraling Middle East conflict on Thursday after Israel and Iran traded strikes on gas production facilities.
Bank of Japan keeps rates steady as expected, warns Iran war may push up inflation
The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.
CNBC Daily Open: Markets reel as Fed holds rates steady and Iran hits a key Qatar gas hub
Global markets slid after the Federal Reserve held rates steady and warned of persistent inflation, while an Iranian missile strike caused “extensive damage” to Qatar’s Ras Laffan LNG hub, heightening fears of a fresh energy shock.
