News Archives for Business & Finance - 2026-03-23

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Business & Finance - 2026-03-23

Markets

US, TotalEnergies reach ‘nearly $1 billion’ deal to end offshore wind projects

Under former president Joe Biden, the United States had accelerated progress on wind farm construction

Published 23 Mar, 2026 10:02pm

Stocks

Wall St up after Trump postpones strikes on Iranian power plants

Dow Jones Industrial Average rose 758.78 points, or 1.66%, to 46,336.25

Published 23 Mar, 2026 08:16pm

Energy

Iranian oil is offered to India at premium to Brent, sources say

Refiners have a month to maximise purchases of oil and liquefied petroleum gas from Iran

Published 23 Mar, 2026 08:15pm

Companies

India’s IndiGo airline names former Air India Express CEO as strategy chief

IndiGo has a roughly 65% market share in India

Published 23 Mar, 2026 07:59pm

Stocks

Broad losses bring Sri Lankan shares down

CSE All-Share index .CSE dropped nearly 1.3% to 20,364.97

Published 23 Mar, 2026 06:53pm

Energy

Prices fall as Trump postpones strikes on Iran power plants

Benchmark Dutch front-month contract at the TTF hub was down 4.14 at 55.12 euros per megawatt hour

Published 23 Mar, 2026 06:48pm

Energy

Gas tankers sail through Hormuz to India, most ships still stuck, data shows

Hundreds of ships remain stuck inside the Gulf with thousands of seafarers stranded due to the U.S.-Israel war with Iran.

Published 23 Mar, 2026 06:07pm

South Asia

India market regulator plans tougher conflict-of-interest rules for officials

According to the revised rules, the top four levels of SEBI officials, including the chairperson, must disclose details of their immovable properties

Published 23 Mar, 2026 05:58pm

Stocks

UAE equities slip on Iran’s retaliation warning on Gulf energy, water sites

Dubai’s main share index dropped 3%

Published 23 Mar, 2026 05:52pm

Commodities

Copper spikes higher after Trump postpones military strikes on Iranian power plants

Benchmark copper on the London Metal Exchange was up 1.7% at $12,132 a metric ton

Published 23 Mar, 2026 05:28pm

South Asia

India proposes changes to companies law to allow more buybacks, fast-track mergers

The proposed changes give flexibility to some companies to do two buybacks a year with a gap of at least six months, according to the bill

Published 23 Mar, 2026 05:24pm

Markets

India forex reserves adequate to cushion against external shocks, central bank report says

Foreign exchange reserves fell to a two-month low of $709.76 billion as of March 13

Published 23 Mar, 2026 05:15pm

Energy

Japan oil refiners look to North America for crude supply options

Japanese oil companies are exploring procurement options from various countries or dispatching vessels to them

Published 23 Mar, 2026 04:26pm

Energy

China’s Sinopec will not buy Iranian oil, wants to tap state reserves

The company is cutting runs by 5% because of the disruption

Published 23 Mar, 2026 04:03pm

Forex

Indian rupee hits record low as Indian assets drop on worries of escalating Middle East war

Indian rupee fell to 93.98 against the U.S. dollar

Published 23 Mar, 2026 03:52pm

South Asia

India’s economic fundamentals strong, ample coal, petrol available, PM Modi says

India has sufficient petroleum availability, with strategic reserves currently exceeding 5.3 million metric tons

Published 23 Mar, 2026 03:43pm

Stocks

Indian shares fall, Indian rupee drops to record low as Iran war rattles markets

Nifty 50 and the Sensex are down 10.6% each

Published 23 Mar, 2026 03:38pm

Markets

Gold price per tola plunges record Rs43,600 in Pakistan

Price of silver decreases by Rs800 to reach Rs6,884 per tola

Published 23 Mar, 2026 03:11pm

Stocks

European stocks slide further at open on Mideast war

London's benchmark FTSE 100 index shed 1.4 percent, Paris lost 1.7 percent and Frankfurt tumbled 2.0 percent

Published 23 Mar, 2026 01:45pm

Stocks

UAE equities decline on Iran’s retaliation warning on Gulf energy, water infrastructure

Stock markets in the United Arab Emirates declined on Monday after Iran warned it would strike energy and water infrastructure

Published 23 Mar, 2026 01:30pm

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.32% lower at 32.99 versus the dollar, after trading in a range of 32.940 to 33.030

Published 23 Mar, 2026 01:03pm

Markets

Chinese commerce minister meets Volkswagen, Bosch heads

China’s Commerce Minister Wang Wentao met ‌with heads of German companies Volkswagen Group

Published 23 Mar, 2026 12:37pm

Markets

Goldman Sachs expects ECB rate hikes in April and June as inflation concerns mount

The brokerage previously expected the central bank to maintain rates ‌steady ⁠throughout this year

Published 23 Mar, 2026 12:25pm

Stocks

Indian shares set for weak start as oil-led selling grips Asian markets

GIFT Nifty futures were trading at 22,790

Published 23 Mar, 2026 12:05pm

Pakistan

Pakistan govt bans high-octane fuel use in official vehicles to cut cost

Decision follows recent increase in petroleum levy on high-octane fuel by Rs200 per litre

Updated 23 Mar, 2026 06:45pm

Commodities

Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says

Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise

Published 23 Mar, 2026 11:24am

Commodities

Chicago soybeans rise as investors weigh impact of US-Iran war

Wheat and corn futures edged higher

Published 23 Mar, 2026 11:15am

Stocks

China, Hong Kong stocks tumble as escalating Iran war rattles markets

Hong Kong's Hang Seng Index tumbled 3.5%

Published 23 Mar, 2026 11:06am

Forex

Australia, NZ dollars struggle as stocks slide on Iran war ultimatum

Stocks tumbled in Asia, bringing the risk-sensitive Aussie down 0.3% to $0.6997 with bears and bulls tussling around 70 cents

Published 23 Mar, 2026 10:58am

Stocks

Australian shares drop to 10-month low as traders gauge Middle East jitters

The S&P/ASX 200 index was down 1.7% at 8,330.00 points

Published 23 Mar, 2026 10:55am

Stocks

Japan’s Nikkei falls 4% on fears of inflation, higher rates from Iran war

The Nikkei was down 3.8% to 51,340.02

Published 23 Mar, 2026 10:51am

Forex

Dollar poised for rally as escalating Middle East conflict spurs haven demand

The dollar index, which measures the greenback against a basket of currencies, rose 0.03% to 99.53

Published 23 Mar, 2026 10:48am

Stocks

Asia shares slide, yields up as Gulf war intensifies

MSCI's broadest index of Asia-Pacific shares outside Japan lost 3.2%, while Chinese blue chips dropped 2.4%

Published 23 Mar, 2026 10:39am

Bullion Rate

Gold slides to nearly 4-month low as Mideast tensions stoke inflation fears

Spot gold fell 2.7% to $4,366.94 per ounce

Published 23 Mar, 2026 10:35am

Energy

Oil prices plunge 10% on US-Iran talks and Trump postponement of strikes on Iranian power plants

Brent futures fell $11.64, or 10.4%, to $100.55 a barrel
U.S WTI lost $9.66, or 9.8%, to $88.57

Updated 23 Mar, 2026 08:29pm

Mutual Funds

India bonds under fire as oil, US yields compound supply woes

The benchmark 6.48% 2035 bond yield was at 6.8261% as of 10:30 a.m. IST, up 9 basis points, and after closing at 6.7369% on Friday

Published 23 Mar, 2026 10:21am

Energy

Sri Lanka raises fuel prices by 25pc

COLOMBO: Sri Lanka raised fuel prices by 25 percent on Sunday, the second increase in two weeks, as the country...

Published 23 Mar, 2026 06:36am

Energy

PL on high-octane fuel hiked by Rs200/litre

ISLAMABAD: The federal government has increased the Petroleum Levy (PL) on high-octane fuel by Rs200 per litre. The...