Global Economy

In the national capital, petrol now costs Rs 98.64 per litre, up from Rs 97.77, while diesel prices climbed to Rs 91.58 per litre from Rs 90.67, as per industry sources to PTI.

Petrol and diesel prices were raised by 90 paise per litre on Tuesday, marking the second increase in fuel rates in less than a week. The latest hike follows a sharp Rs 3 per litre increase implemented last Friday.

Brent crude fell below $110 a barrel after gaining 2.6% in the previous session, while West Texas Intermediate for July traded below $103.

India's push to conserve cooking gas supplies amid the Iran war is curbing alkylate exports, tightening California's fuel market and adding pressure on already elevated gasoline prices, according to a Reuters report.

US President Donald Trump made over 3,700 trades in Q1, including shares in Nvidia, Amazon, Apple, and a $600 million conveyor belt sushi chain, Kura Sushi USA.

Japanese PM Sanae Takaichi has requested the finance ministry to prepare a supplementary budget to address rising commodity prices amid the Middle East conflict.

Speaking to NDTV Profit, Freris said the current crisis could accelerate the creation of alternative export routes, making Hormuz "irrelevant in about a year."

Brent crude advanced above $110 a barrel after gaining nearly 8% last week, while West Texas Intermediate approached $107.

The United States has failed to offer any concrete concessions, in response to Iran's proposed agenda for ending the war, Tehran's semi-official Mehr news agency reported.

Prime Minister Narendra Modi is visiting Sweden for the first time since 2018, with trade, defence, technology and strategic cooperation expected to dominate discussions.

The expiration effectively ends for now a brief period where the administration eased sanctions on some Russian oil.

The ministry said Beijing and Washington will adopt a series of measures, including mutually cutting levies on certain products, to expand bilateral trade in areas including agriculture.

A trade thaw, a fuel price hike and a tighter fiscal tone — three signals, one larger story.

Indian officials are understood to have flagged that the revised quota framework could dilute expected gains for Indian steel exporters under the trade pact and create uncertainty for shipments just as businesses prepare for the agreement's rollout.

Rupee opened at Rs 95.72against the US dollar, marginally weaker from its previous close.

South Korea's stock market has surged 200% in a year, driven by AI chipmakers, record retail trading, and a surge in margin borrowing, making the Kospi the world's most volatile major index.

External Affairs Minister S. Jaishankar on Thursday called for deeper cooperation within BRICS, saying the grouping has an increasingly important role to play as geopolitical tensions, economic uncertainty and supply-chain disruptions reshape the global landscape.

Kevin Warsh will be the wealthiest Fed chair ever, with holdings well north of $100 million.

The 54-45 vote was the slimmest confirmation margin ever for the Federal Reserve with John Fetterman of Pennsylvania, the only democrat crossed party lines to support Warsh to succeed Powell.

Asian stocks rose following a surge in US tech shares, with Nasdaq futures up after Cisco's strong outlook. Chinese equities hit highs not seen since 2021 amid Trump-Xi summit anticipation.