EU Economy Commissioner Valdis Dombrovskis said the European Commission is preparing to lower its growth forecast for this year, according to the Financial Times.
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Kyodo reports that Japan may release roughly 20 days of its oil reserves.
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Shipping Stalls As Tehran Dictates Terms In Hormuz – FT
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U.S. crude oil futures rose more than $3, settling at $97.42 per barrel.
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The Nikkei slipped further, closing down 0.95% in today’s trading.
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US Oil Exports To Hit Record As Iran War Triggers Race For Supplies – FT
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UK Becomes Top Destination For US Jet Fuel After Gulf Flow Squeeze – FT
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Japan’s March LNG spot price hits $10.80/MMBtu, says state-owned JOGMEC.
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FT reports that ARM’s Simon Haas is likely to lead most of SoftBank’s international operations.
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New York Times: Only 4 ships carrying dry cargo crossed the Strait of Hormuz during 24 hours
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Tariffs are Trump’s perpetual leverage machine-ft
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BOJ Gov. Ueda: Short- and medium-term interest rates are firmly in negative territory.
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BOJ Governor Ueda said easy financial conditions remain in place, helping drive moderate capex growth.
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Jefferies has raised its target price for Playtech to 405p from 240p.
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US OFFICIALS TO WSJ: TRUMP WILL NOT OFFER MAJOR CONCESSIONS TO IRAN TO OPEN THE STRAIT OF HORMUZ
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US OFFICIALS TO WSJ: WE DO NOT RULE OUT RESUMING FIGHTING IN IRAN
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AMERICAN OFFICIALS TO WSJ: IRAN'S INSISTENCE ON CONTROLLING THE STRAIT OF HORMUZ COULD LEAD TO THE RESUMPTION OF FIGHTING
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Kia says it will spend around 49 trillion won over five years on investments.
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Kia aims to roll out highway autonomous driving by 2027, followed by city driving in early 2029.
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The Indian oil secretary noted that the Iran war revealed weaknesses in India’s readiness for tough times.
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Kia projects North America will drive 67% of production by 2030, up from 56%.
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