India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war
India takes a huge tax revenue hit as it cuts fuel excise duties to shield consumers from soaring oil prices caused by the Iran war.
Huawei’s new AI chip finds favor with ByteDance, Alibaba which plan to place orders, Reuters reports
Customer testing of Huawei’s new AI chip has gone well, with tech giants ByteDance and Alibaba planning to place orders, people familiar with the matter said.
Foreign investors pull a record $12 billion from Indian stocks, sparked by Iran war
Foreign investors are pulling out a record $12 billion from Indian equities as the Iran conflict drives up energy costs and raises doubts on economic growth.
Ukraine, Saudi Arabia sign defense deal as U.S. reportedly weighs redirecting Kyiv aid
Zelenskyy met Gulf leaders to seek support for Kyiv as the U.S. reportedly weigh diverting military resources to the Middle East.
CNBC Daily Open: ‘Period of destruction’ paused after Iran’s ‘present’
President Trump says he will extend a pause on Iranian energy attacks to April 6 after 10 ships were allowed passage through the Strait of Hormuz.
‘Not unlike tariffs’: Iran war threatens to deepen Asia private equity’s worst fundraising slump in a decade
The Middle East war has introduced a new layer of uncertainty for Asia-focused private equity managers already navigating a multiyear fundraising slump.
Private credit’s cracks open door for Wall Street banks’ comeback: ‘The tug of war is just starting’
Wall Street banks may finally be getting a long-awaited opening to claw back market share from private credit lenders.
Oil prices close at highest level since 2022 as Iran negotiations fail to ease supply fears
Oil prices traded higher after U.S. President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
China industrial profits surge 15% to start year, but oil price shock threatens outlook
Soaring energy prices are expected to impact China’s economy less than most other countries, due to its massive oil reserves and alternative energy sources.
