FOUND: 19 | Mind Blowing Facts

Dollar Gains on US Economic Strength and Hawkish Fed Comments

The dollar index (DXY00 ) extended this week’s rally today to a 1.75-month high and is up by +0.14%. The dollar has support from signs of strength in the US economy after weekly jobless claims unexpectedly fell to a 2-month low, signaling labor market strength, and after Aug new home...

Barchart · Sep 24

What Nithin Kamath sees as the biggest risk for broking after Irdai shock

Zerodha co-founder Nithin Kamath said regulatory risk is the biggest threat for regulated financial businesses, citing IRDAI’s proposed insurance commission changes. He warned that regulatory shifts affecting broking, F&O, client float and MTF can rapidly alter business economics and valuations.

The Economic Times · Sep 24

Straitcraft: How geography gives Iran leverage and could do the same for India

Since the onset of the US-Iran war over 200 days ago, Iran has been strategically utilizing maritime chokepoints such as Hormuz. This has resulted in a marked decline in oil flows, affecting the global economy and forcing the US to reconsider its stance. Concurrently, India is exploring ways to capitalize…

The Times of India · Sep 24

UK interest rate rise ‘increasingly likely’ with high energy prices; inflation fears hit bonds – as it happened

BoE deputy governor cites risks from energy prices, as US 30-year bond yields hits highest since 2004

The Guardian - UK · Sep 24

Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting

Iran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf producers adapted quickly by utilizing alternative pipeline routes and increasing their oil exports. These adjustments helped stabilize oil prices around $100 per barrel despite the ongoing conflict. While the workarounds…

The Economic Times · Sep 24

Hundreds of trucks jam Turkey-Iran border crossing as US blockade pushes trade overland

Iran faces a critical economic challenge as a U.S. naval blockade of its ports has forced a surge in overland trade through Turkey and Pakistan

The Independent UK · Sep 24

Gulf nations keep oil flowing despite Iran war as costs mount

At the start of the Iran war, many feared that Tehran's closure of the Strait of Hormuz would send oil prices through the roof and throttle the global economy

The Independent UK · Sep 24

Skyrocketing diesel prices rattle Republicans as midterms approach

Diesel fuel prices have reached record highs due to ongoing conflicts in the Middle East and related supply issues. Republican candidates are proposing to end diesel exports to alleviate the burden on consumers. Economists warn that this move could have adverse effects on both domestic prices and the global economy.…

The Economic Times · Sep 24

Explained: Why PB Fintech, Turtlemint, SBI Life, HDFC Life and other insurance stocks tanked up to 26% on Thursday

IRDAI has proposed insurance distribution reforms, including a ban on dark patterns, lower Expense of Management limits and greater commission transparency. The changes could affect customer acquisition costs and distribution economics for insurers and insurance platforms.

The Economic Times · Sep 24

Nitin Gadkari says plain sugar's future is not bright: After E20, transport minister wants sugar mills to produce a gas that can be used in CNG vehicles and fuel that can power aircrafts

Nitin gadkari news: Nitin Gadkari emphasizes the need for sugar mills to produce compressed bio-gas, ethanol, and other sustainable products. He suggests that diversifying into value-added by-products will strengthen the industry's future profitability. The government’s initiatives aim to reduce fossil fuel imports significantly and bolster the rural economy. Gadkari states…

The Economic Times · Sep 24