Oil rises above $115 and Asia stocks slide as Iran war escalates
It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend. Source link
Business
Read More
Nikkei 225, Kospi, Hang Seng Index, oil
The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to fall Monday as the Middle East war entered its fifth week. Yemen’s Houthi movement said Saturday it had fired missiles at Israel, marking its first direct involvement in the U.S.- and Israeli-led war…
ICE agents called in to help ease airport security lines may not be leaving anytime soon
Even after President Donald Trump ordered emergency pay for Transportation Security Administration agents to ease long security lines, major U.S. airports on Sunday were still urging travelers to arrive hours early — and federal immigration officers brought in to help may not be leaving anytime soon. Trump’s executive order on Friday instructed the Department of Homeland Security to pay TSA…
RBI’s forced dollar unwind to keep rupee from sliding, bruise banks | India News
MUMBAI: The RBI’s unorthodox move to steady the rupee by forcing banks to unwind foreign exchange positions beyond $100 million will prevent its slide towards 95, even as markets fret over a possible escalation in the Iran conflict and the prospect of a US ground invasion.The move will also cause banks with large open positions…
Private equity is eying Asia’s healthcare funding gap as countries get wealthier and older
Asia is getting wealthier, older—and potentially sicker, as rates of non-communicable disease rise across Southeast Asia. Yet governments aren’t investing enough in public healthcare, threatening to open up a massive funding gap. “Asia has more diabetes, cancer and cardiovascular patients than anywhere else in the world,” Abrar Mir, co-founder and managing partner of Singapore-based healthcare…
Iran parliament speaker warns severe retaliation against US ground invasion | World News
Iranian forces “are waiting for the arrival of American troops on the ground to set them on fire and punish their regional partners forever,” Iran parliament speaker Mohammad Bagher Qalibaf said Sunday. “Our firing continues. Our missiles are in place. Our determination and faith have increased,” Qalibaf said. He warned the US…
Window dressing of accounts: A common March-end ritual for many banks | Expert Views
At a review meeting with PSB chiefs in early April 2024, the Department of Financial Services (DFS), under the finance ministry, examined key business data for the sector over the past week. It found a sharp fall in the credit and deposit portfolios of most PSBs between March 31, the last day …
The Compliance Blind Spot in Cyber Risk: Beyond Checklists
By Boecyàn Bourgade Financial compliance can fail even when systems remain fully operational, as automated judgments degrade silently when underlying data conditions shift. Introduction Financial compliance is now failing in institutions where systems never go down. In supervisory reviews following cyber incidents at major financial institutions, a recurring pattern has emerged. The concern was not…
AI is so sycophantic there’s a Reddit channel called ‘AITA’ documenting its sociopathic advice
Artificial intelligence chatbots are so prone to flattering and validating their human users that they are giving bad advice that can damage relationships and reinforce harmful behaviors, according to a new study that explores the dangers of AI telling people what they want to hear. The study, published Thursday in the journal Science, tested 11…
Gold, silver outlook: Bullion markets brace for volatile week as Middle East tensions and Fed cues weigh
Precious metals are likely to remain in a corrective phase in the coming week, with investors expected to closely track developments in the Middle East and a packed calendar of global economic data for fresh cues.Analysts cited by news agency PTI said that speeches by US Federal Reserve Chair Jerome Powell on Monday, along with…