India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and import bill. The currency fell past the closely watched 94 per dollar mark for the first time on Friday, weakening as much as 0.7%. That takes its decline to almost 4% since the Iran ...
India’s rupee weakened to a fresh low, lagging behind regional peers, as foreign investors sped up sales of stocks and bonds on fears that elevated energy prices would drive up the import-heavy nation’s inflation and import bill. The currency fell past the closely watched 94 per dollar mark for the first time on Friday, weakening as much as 0.7%. That takes its decline to almost 4% since the Iran war broke out a month ago. Meanwhile, benchmark yields rose to their highest since July 2024, as the government’s decision to cut taxes on auto fuels stoked concerns of fiscal strain. Brent prices are holding well above $100 per barrel after a surge on Thursday, when local markets were closed for a public holiday — far higher than the $70 baseline assumed by the Reserve Bank of India in October. Bloomberg Economics estimates that Brent crude at $100 a barrel and gas 50% above pre-war levels will raise India’s import bill by $5 billion a month. The prospect of higher inflation has significantly weakened the rupee, making local-currency denominated assets less attractive to global investors. Overseas investors have pulled $11.5 billion from local stocks this month. They have cut their holdings of the nation’s index-eligible bonds by a record $1.6 billion. Uncertainty over the duration of the conflict has darkened the outlook for local assets, complicating the central bank’s task after it stepped up support for both bonds and the currency in the early stages of the war. Interest-rate swaps now signal several rate hikes , even as rising bond yields have already lifted borrowing costs across the economy. Meanwhile, the RBI’s defense of the currency has sharply reduced its foreign-exchange reserves, potentially limiting its ability to intervene aggressively. “The RBI’s presence in the currency market has recently been a bit subdued,” said Dilip Parmar , currency analyst at HDFC Securities. “It looks like the central bank is keeping some powder dry because no one knows what will h...
Key Russian Baltic Oil Port Of Primorsk Resumes Loading After Ukraine Attack Russia’s top oil port in the Baltic Sea, Primorsk, resumed loading days after it came under attack from Ukrainian drones , although Bloomberg notes that the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents. Ukraine attacked Russia’s largest oil port in the Baltic Sea to...
Key Russian Baltic Oil Port Of Primorsk Resumes Loading After Ukraine Attack Russia’s top oil port in the Baltic Sea, Primorsk, resumed loading days after it came under attack from Ukrainian drones , although Bloomberg notes that the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents. Ukraine attacked Russia’s largest oil port in the Baltic Sea to prevent it from benefiting from rising oil prices: about 60% of Russia’s maritime oil exports pass through the port of Primorsk. pic.twitter.com/M2ghU0o6i1 — Open Source Intel (@Osint613) March 23, 2026 The Minerva Georgia, a Suezmax-class vessel capable of hauling about 1 million barrels of crude, berthed on Wednesday. Another, the Anlan, is scheduled to depart Thursday having been there for several days. Ukraine has stepped up attacks on Russian oil infrastructure to prevent Putin from benefiting from soaring prices. It also targeted the port of Ust-Luga this week, as well as the Kirishi oil refinery. Transneft, Russia’s pipeline operator, aims to divert flows away from the Baltic ports, Interfax reported. If Trump is allowed, why don’t we?! Putin’s burning russian port of Primorsk is visible for the entire flight from Finland. In general, Putin no longer has an oil-loading port in the Baltic. Ukraine has declared an oil embargo on Putin. And f**k Biden’s escalation management… pic.twitter.com/HDbA4yI54q — EMPR.media (@EuromaidanPR) March 25, 2026 Kiev’s moves seek to disrupt the flow of Russian petroleum at a time when the Iran war has already caused an unprecedented oil-supply shock. A Turkish oil tanker carrying Russian oil also came under drone attack in the Black Sea. Tyler Durden Fri, 03/27/2026 - 02:45
Farmers need fuel to keep water pumps running, but many petrol stations are empty and fears are now growing over the war’s impact on cost of fertiliser Follow our live coverage of the events in the Middle East here Thanadet Traiyot waited in line for hours at his local gas station, armed with containers and desperately hoping to secure much-needed diesel for his rice fields in Ayutthaya, central T...
Farmers need fuel to keep water pumps running, but many petrol stations are empty and fears are now growing over the war’s impact on cost of fertiliser Follow our live coverage of the events in the Middle East here Thanadet Traiyot waited in line for hours at his local gas station, armed with containers and desperately hoping to secure much-needed diesel for his rice fields in Ayutthaya, central Thailand. He was third in the queue when the shop announced their supplies had run dry. That was five days ago; he still hasn’t managed to restock to his normal levels. Back on his farm, Thanadet wades into his rice paddies, weaving past tall green stalks to assess the water levels and decide which of his water pumps can be turned off. Water needs to be spread equally across the fields, he says, but he doesn’t have enough diesel to keep everything running. Continue reading...
Granite ( GVA ) has been awarded the LRT-4 Webb-Zapata project by U.S. Customs and Border Protection, valued at approximately $495M. This project will be part of the company's first quarter 2026 capital plan. The project involves 27 miles of infrastructure improvements near Laredo, Texas. It includes excavation, grading, roads, fencing, seven bridges, eight culvert crossings, and 68 low water cros...
Granite ( GVA ) has been awarded the LRT-4 Webb-Zapata project by U.S. Customs and Border Protection, valued at approximately $495M. This project will be part of the company's first quarter 2026 capital plan. The project involves 27 miles of infrastructure improvements near Laredo, Texas. It includes excavation, grading, roads, fencing, seven bridges, eight culvert crossings, and 68 low water crossings. Additionally, the project will install electrical systems, lighting, cameras, and fiberoptics. Work is set to begin in April 2026 and finish by July 2027. More on Granite Construction Granite Construction Incorporated 2025 Q4 - Results - Earnings Call Presentation Granite Construction Incorporated (GVA) Q4 2025 Earnings Call Transcript Granite Construction's Upside Isn't Over Yet Granite Construction targets 6%–8% organic growth in 2026 as acquisitions and margin expansion drive outlook Granite Construction Non-GAAP EPS of $1.40 beats by $0.02, revenue of $1.17B beats by $20M
Good morning . Donald Trump pushes back his deadline for Iran. Pernod Ricard is exploring a deal for Jack Daniel’s. And we examine the enormous fallout from the implosion of MFS. Listen to the day’s top stories . US President Donald Trump again pushed back his deadline for Iran to reach a deal with the US or face more attacks, saying talks with the country were going “very well.” Trump said he wou...
Good morning . Donald Trump pushes back his deadline for Iran. Pernod Ricard is exploring a deal for Jack Daniel’s. And we examine the enormous fallout from the implosion of MFS. Listen to the day’s top stories . US President Donald Trump again pushed back his deadline for Iran to reach a deal with the US or face more attacks, saying talks with the country were going “very well.” Trump said he would extend, by 10 days, his pledge to refrain from strikes on Iranian energy sites, the second extension since Saturday’s threat to eviscerate Iran’s power plants, in absence of a deal. It’s still unclear who the US is negotiating with since several top Iranian government and military officials have been killed. Trump Extends Energy Hit Pause, Claiming Iran Request Watch the video Oil slipped and US stock futures rose on Trump’s remarks. Bond traders, spooked by the prospect of the conflict in Iran escalating further, are looking to hedge against worst-case war outcomes that could force the Federal Reserve to raise interest rates in coming weeks. Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets. Pernod Ricard is exploring a potential acquisition of Brown-Forman, the owner of Jack Daniel’s whiskey, having held some initial discussions about a possible deal, according to people familiar. Class B shares of Brown-Forman rose as much as 21% on Thursday, while Pernod closed down 5.7% in Paris. Read about cognac makers here . Private credit latest: JPMorgan is planning a new fund investing in private credit that will allow investors to redeem 7.5% a quarter — and, potentially, offer monthly withdrawals . A wave of redemption requests across the industry has left more than $4.6 billion of investor capital trapped behind withdrawal limits , with more asset managers expected to impose curbs in the coming weeks. The US Senate passed legislation to fund most of the Department of Homeland Security in a major step toward ending the shutdown....
Kayla Bartkowski/Getty Images News Venture capitalist David Sacks is stepping down from his role as artificial intelligence and crypto czar for President Donald Trump after reaching the 130-day limit as a special government employee. Sacks said he will transition to the President’s Council of Advisers on Science & Technology (PCAST), where he will serve as co-chair and advise on a broader range of...
Kayla Bartkowski/Getty Images News Venture capitalist David Sacks is stepping down from his role as artificial intelligence and crypto czar for President Donald Trump after reaching the 130-day limit as a special government employee. Sacks said he will transition to the President’s Council of Advisers on Science & Technology (PCAST), where he will serve as co-chair and advise on a broader range of technology issues beyond AI. “I think moving forward as co-chair of PCAST, I can now make recommendations on not just AI but an expanded range of technology topics,” he said. PCAST is a federal advisory group made up of industry and academic experts that provides guidance to the president on technology, scientific research, and innovation policy. Sacks has been a key voice in the White House during Trump’s second term and is a longtime Silicon Valley investor and co-founder of Craft Ventures. He is part of the so-called "PayPal Mafia," referring to former PayPal ( PYPL ) staff and founders who went on to start other tech companies. The group includes Tesla ( TSLA ) CEO Elon Musk and Palantir ( PLTR ) chairman Peter Thiel. Sacks said he will continue to support the administration’s AI framework released last week, which focuses in part on easing permitting and power generation to enable faster infrastructure buildouts without increasing residential electricity costs. A White House memo last March also showed Sacks sold more than $200M in digital asset-related investments. Here are some tech-related ETFs: ( NYSEARCA: VGT ), ( NYSEARCA: IYW ), ( NYSEARCA: FTEC ), ( NYSEARCA: IXN ), and ( NYSEARCA: RSPT ). Artificial Intelligence: ( NASDAQ: AIQ ), ( NYSEARCA: DTEC ), ( NYSEARCA: GINN ), ( NYSEARCA: TECB ), ( NASDAQ: XT ), ( NYSEARCA: THNQ ), and ( NYSEARCA: CHAT ). More on technology CHAT: Global AI Growth At A Reasonable Valuation CHAT: Pure-Play Exposure To GenAI Revolution Hyperscalers Are As Strong As Ever AI will create more jobs than it will eliminate Sandisk stands as t...