Oil prices slipped nearly $5, or 6%, on Monday after Iran attacked the US military base in Qatar in retaliation for US attacks on its nuclear facilities, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.About a fifth of global oil supply flows through the strait.A telegraphed attack…
Brent Crude prices spiked as much as 5% on Monday following the US airstrikes on Iran’s key nuclear facilities on Sunday. The move ended days of speculation over whether the US President Donald Trump would join Israel in its confrontation with Iran.While prices surged initially, they soon pared gains. The attacks on Fordow, Natanz and…
Bangladesh’s economy might be gasping for fresh air right now, but it seems the country has a Donald Trump-like business-minded leader at the helm. Several companies of the Muhammad Yunus-founded Grameen Family of Organisations have secured permits and tax exemptions since the interim government led by its patriarch came to power in August 2024. Though…
A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.The original cryptocurrency tumbled as much as 7.2% to $78,226 at one point Friday, bringing…
Bitcoin fell below $90,000 for the first time in more than a month, becoming the latest victim of a widening rout in cryptocurrencies.The coin traded at around 89,000 at 7:25 a.m. London on Tuesday after hitting its lowest point since Nov. 18.The decline came amid a broad selloff in the crypto market. Sentiment has turned…
A total of 89 passengers narrowly escaped as a Russian-made passenger plane caught fire after landing at Turkey’s Antalya Airport on Sunday. The Turkish transport ministry was quoted as saying by news agency Reuters that all landings at the airport were suspended until the authorities towed the Sukhoi Superjet 100 passenger plane, operated by Azimuth…
MUMBAI: GQG Partners, a major foreign investor in the Adani group companies, has initiated defensive measures to safeguard its share price following the fallout from a US investigation into the Ahmedabad-based conglomerate. The Sydney-listed fund initiated a $65 million share buyback programme, citing the potential presented by the significant drop in its stock value. Assembly…