Bangladesh will likely commission its first nuclear reactor within months, a long-delayed start that comes as the government grapples with acute energy shortages caused by war and trade disruption in the Persian Gulf. The reactor had initially been planned — under a previous government, ousted in 2024 — for early last year , but the technical complexity of integrating atomic power into the grid ha...
Bangladesh will likely commission its first nuclear reactor within months, a long-delayed start that comes as the government grapples with acute energy shortages caused by war and trade disruption in the Persian Gulf. The reactor had initially been planned — under a previous government, ousted in 2024 — for early last year , but the technical complexity of integrating atomic power into the grid has caused delays, according to Energy Minister Iqbal Hassan Mahmood, who took office last month. Fuel loading in the first of the two 1.2 gigawatt reactors at Rooppur is planned for April 7, he said. The reactor will be linked to the grid and start running at 30% capacity by June, he added. The South Asian nation gets about half of its electricity supply from gas and dependence on imports of the fuel has been rising. The effective closure of the Strait of Hormuz over the past month, closing off the Persian Gulf, and a subsequent attack on Qatar’s giant Ras Laffan facility have caused a spike in liquefied natural gas prices — leaving Bangladesh vulnerable to shortages during the summer months and pressuring its paltry foreign exchange reserves. “Since it will run at 30%, it will give us some relief,” Mahmood said in an interview, without commenting on the exact length of the ramp-up period. People familiar with the matter said it could take nearly a year for the plant to start running at capacity. They asked not to be named as they are not authorized to speak to the media. Bangladesh plans to install two VVER reactors — Russian-designed pressurized water reactors — from Russia’s Rosatom Corp. Delayed supplies from Russia also contributed to the slow commissioning, the people said. The country has also signed a new cooperation agreement with the International Atomic Energy Agency earlier this month. To manage immediate energy shortages, the country is planning to ramp up spot LNG purchases in order to build a three-month stock, Mahmood said. It plans to buy 11 cargoes and has ...
(RTTNews) - Indian shares opened on a positive note Tuesday, tracking firm cues from global markets after U.S. President Donald Trump said that the U.S. and Iran have had "very good and productive conversations regarding a complete and total resolution of hostilities in the Middle East" and therefore he has instructed the military to postpone any strikes against Iranian power plants and energy inf...
(RTTNews) - Indian shares opened on a positive note Tuesday, tracking firm cues from global markets after U.S. President Donald Trump said that the U.S. and Iran have had "very good and productive conversations regarding a complete and total resolution of hostilities in the Middle East" and therefore he has instructed the military to postpone any strikes against Iranian power plants and energy infrastructure for five days. However, Iran denied these talks had happened. The benchmark BSE Sensex was up 652 points, or 0.9 percent, at 73,348 in early trade while the broader NSE Nifty index rose by 202 points, or 0.9 percent, to 22,713. Among the top gainers, Larsen & Toubro, Eternal, Asian Paints, BEL, UltraTech Cement, Kotak Mahindra Bank and Indigo were up 2-3 percent. Oil explorer ONGC rose 1.4 percent and Oil India added 1 percent as Brent crude prices surged more than 4 percent after plunging 10 percent in the New York trading session overnight. HDFC Bank gained 1.2 percent. The private sector bank has hired external law firms to review the resignation of former part-time chairman Atanu Chakraborty. Coal India fell 2.7 percent after its board approved a corporate guarantee of Rs. 3,160 crore in favor of its subsidiary CIL Rajasthan Akshay Urja Limited (CRAUL). Wipro climbed 1 percent after expanding its presence in South Korea. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand • Middle East crisis – live updates Japan will begin the biggest-ever release of oil from its strategic reserves this week, the prime minister, Sanae Takaichi , has said, as the country braces for possible shortages caused by the US-Israel war on Iran . The government la...
PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand • Middle East crisis – live updates Japan will begin the biggest-ever release of oil from its strategic reserves this week, the prime minister, Sanae Takaichi , has said, as the country braces for possible shortages caused by the US-Israel war on Iran . The government last week approved the release of 15 days’ worth of private-sector reserves, amid concern that the conflict in the Middle East will continue to hinder the flow of tanker traffic along the strait of Hormuz. Continue reading...
Raajmarg Infra Investment Trust ’s units rose as much as 8% in their trading debut Tuesday after an initial public offering that raised 60 billion rupee ($649 million), India’s largest so far this year. The InvIT units rose to as much as 108 rupees in Mumbai, compared with an offer price of 100 rupees. The sale by National Highways Authority of India ’s InvIT was subscribed 13.94 times this month....
Raajmarg Infra Investment Trust ’s units rose as much as 8% in their trading debut Tuesday after an initial public offering that raised 60 billion rupee ($649 million), India’s largest so far this year. The InvIT units rose to as much as 108 rupees in Mumbai, compared with an offer price of 100 rupees. The sale by National Highways Authority of India ’s InvIT was subscribed 13.94 times this month. The debut is a closely watched as a gauge of demand for new offerings following a recent selloff in Indian equities linked to the Middle East conflict. A strong performance could bolster confidence among issuers preparing share sales even as geopolitical tensions and elevated oil prices weigh on valuations and risk sentiment. While Indian IPOs have lagged the record pace of the previous two years, the pipeline includes potential mega deals such as those by Reliance Industries Ltd.’s telecoms unit Jio Platforms Ltd. , Walmart Inc.-backed e-commerce company Flipkart Internet Pvt and National Stock Exchange of India Ltd. Before the IPO, Raajmarg InvIT raised 17.28 billion rupees from 73 anchor investors. India has 27 registered infrastructure trusts, of which five — IRB InvIT Fund, India Grid Trust, Powergrid Infrastructure Investment Trust, Indus Infra Trust and Capital Infra Trust — are publicly listed. On an average these five InvITs have given a total returns of 26% over the past one year. READ MORE: India Highway Authority Infra Trust IPO Subscribed 14 Times (1)
peshkov/iStock via Getty Images While it may feel like either ancient history or as though it was just yesterday, six years ago to the day, the S&P 500 put in its covid crash low. A lot has happened since then, but US equities have charged higher nonetheless. Since that low, the S&P has risen nearly 200%, with a number of huge moves under the surface driving those gains. In the table below, we sho...
peshkov/iStock via Getty Images While it may feel like either ancient history or as though it was just yesterday, six years ago to the day, the S&P 500 put in its covid crash low. A lot has happened since then, but US equities have charged higher nonetheless. Since that low, the S&P has risen nearly 200%, with a number of huge moves under the surface driving those gains. In the table below, we show the 30 S&P 500 stocks that were a part of the index both at the time of the covid crash low (3/23/20) through today that have experienced the largest rallies over the past six years. In total, there have been 17 ten-baggers since the covid crash low, and five stocks are up 1,500%+. That includes both Broadcom ( AVGO ) and Nvidia ( NVDA ), which have joined the trillion-dollar market cap club. The 30 stocks shown below had a collective market cap of $735 billion at the time of the covid low. Today, their combined market cap has eclipsed $10 trillion! NVDA has been by far the biggest winner over this span thanks to both the early 2020s crypto boom and the emergence of AI. A number of energy stocks have also found themselves on this list, thanks to a combination of solid dividend yields and exceptional price returns, especially more recently. One final name that has been a top performer since covid may be a surprise: Royal Caribbean Cruises ( RCL ). Even though six years ago this name was at the epicenter of lockdown doom, it's up 857% since, which ranks as the 20th best. Pivoting back to the broader market, below we show the S&P 500 since the start of 2020. In the past several years, apart from the covid crash, there have been plenty of tough periods for the market, including a prolonged bear in 2022, a near bear this time last year during the height of tariff turmoil, and this month once again with the war in Iran. Amidst the turmoil, stocks haven't struggled to eventually recover, and it would now take historic declines to return to levels from those prior periods. Even a...
Key Points Chewy has delivered earnings growth and expanded its revenue stream in recent years. One number in particular demonstrates the loyalty of Chewy’s customers. 10 stocks we like better than Chewy › Chewy (NYSE: CHWY) is a company your pets surely like, as it sells everything from their favorite foods to toys and other supplies. But investors haven't liked this e-commerce stock much lately,...
Key Points Chewy has delivered earnings growth and expanded its revenue stream in recent years. One number in particular demonstrates the loyalty of Chewy’s customers. 10 stocks we like better than Chewy › Chewy (NYSE: CHWY) is a company your pets surely like, as it sells everything from their favorite foods to toys and other supplies. But investors haven't liked this e-commerce stock much lately, as it's dropped nearly 30% this year. There isn't one major reason for this, as Chewy has successfully grown its business in recent years and, thanks to a metric I'll talk about in a minute, offers investors a clear view of revenue to come -- and things are looking positive. Sometimes a stock declines because investors are interested in other opportunities at a given moment -- and it isn't a reflection of the stock's prospects. I think this is what we're seeing with Chewy. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Does all of this mean that Chewy may represent a once-in-a-lifetime buying opportunity right now? Let's find out. Chewy's big milestone Chewy has delivered revenue growth in recent years and reached the major milestone of profitability. Initially, the company stuck to the area of e-commerce uniquely in the U.S. But it has expanded the e-commerce business into Canada and, in the U.S., has added veterinary clinics to its repertoire. The vet clinics business is a fantastic idea because it diversifies the revenue stream and, at the same time, offers Chewy the opportunity to bring new customers to its e-commerce business. The clinics are a great way to introduce Chewy to pet parents who haven't yet discovered or tried the e-commerce site. The power of Autoship Now, here's what I like most about Chewy: More than 80% of the company's total sales come from recurring customers. We know this becaus...
Malaysia has vowed to crack down on fuel subsidy abuse after a viral video showed a woman illicitly buying 71 litres (18 gallons) of RON95 petrol in a single transaction, as regional supply concerns persist amid US-Israeli strikes on Iran. The finance ministry said late on Monday that investigators identified the customer as a Malaysian citizen. Both the identity card used in the purchase and the ...
Malaysia has vowed to crack down on fuel subsidy abuse after a viral video showed a woman illicitly buying 71 litres (18 gallons) of RON95 petrol in a single transaction, as regional supply concerns persist amid US-Israeli strikes on Iran. The finance ministry said late on Monday that investigators identified the customer as a Malaysian citizen. Both the identity card used in the purchase and the vehicle owner will be blocked from the inflation-easing fuel subsidy scheme. This programme allows Malaysians aged 16 and above with a MyKad and valid driving licence to buy up to 300 litres of RON95 per month at 1.99 ringgit per litre. Advertisement The act had “clearly” breached the rules on fuel subsidies and could undermine efforts to keep the system targeted and transparent, the ministry said in a statement on social media. “The government will not compromise on any form of leakage and misuse of subsidies, especially in the current uncertain situation that requires close control over fuel supply and prices.” Advertisement The response followed a video shared on social media last week, which reportedly showed the woman and a teenage boy pumping petrol into a plastic container in their car boot at a station in Johor Bahru. A post accompanying the clip asked if they were “stocking up at home” due to rising fuel prices.