U.S. Hormuz blockade hits India just as Russian oil purchase waiver expires, deepening energy worries
U.S. moves to blockade Iran, and let a Russian oil waiver lapse, squeeze India’s energy supplies, exposing its vulnerability under rising U.S. pressure.
Treasury yields move lower after light producer price reading, weaker oil prices
Treasury yields dropped on Tuesday following a softer-than-expected producer price index reading and as oil prices declined.
China calls U.S. blockade of the Strait of Hormuz ‘dangerous and irresponsible’
The Chinese foreign ministry said only a “comprehensive ceasefire” would help ease the ongoing crisis in the Middle East.
BP flags ‘exceptional’ oil trading performance as Iran war chokes supply
BP said its oil trading performance had turned around dramatically after a “weak” fourth quarter.
LVMH stock drops as analysts flag luxury recovery ‘party postponed’ amid Iran war
There was a deterioration of demand in March as a result of the Middle East conflict, said LVMH CFO Cécile Cabanis.
China Evergrande founder pleads guilty to fraud in Shenzhen court
The founder of China Evergrande Group pleaded guilty to misuse of funds, fundraising fraud and illegally taking public deposits, a Shenzhen court said.
Novo Nordisk partners with OpenAI as AI drug discovery hopes mount
The partnership will enable Novo to better use AI to analyze complex datasets, and identify promising new drugs.
CNBC Daily Open: S&P stages a comeback, erasing all Iran war losses
U.S. stocks rally to erase Iran war losses as Vice President Vance says “ball is in Iran’s court.”
European markets rise on hopes that Iran peace talks can resume
European stocks rose on Tuesday amid renewed hopes that Middle East peace talks could resume, despite a U.S. blockade on Iranian ports.
Nissan to trim global car lineup, boost use of AI driving tech
Nissan Motor plans to streamline its global automobile lineup by exiting low-performing ones and deploying AI technology over 90% of its array in the long term.
