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Venezuela Needs Its Oil Expats to Come Home. Many Won’t Go
A global diaspora of oil workers holds the key to the country’s recovery, but many still don’t trust the government. Peter Millard explains. (Source: Bloomberg)
Persian Gulf Flights Disrupted Anew as Missile Attacks Persist
Flights across the Middle East were disrupted Thursday as drone attacks inflicted damage on Iran’s neighbors, further unraveling a tightly coordinated schedule for moving passengers through some of the world’s biggest travel hubs.
Ukraine Strikes Key Hub for Oil Pipelines in Southern Russia
Ukraine hit an important hub for Russia’s network of crude-export pipelines in the southern Krasnodar region.
India’s Inflation Accelerates as Oil Prices Set to Spike Further
India’s inflation accelerated in February before the conflict in the Middle East, putting pressure on policymakers as disruption to energy supplies push up prices of oil and gas.
Qatar Aluminum Smelter Alters Shutdown Plans to Avert Full Halt
Qatar Aluminum Ltd. is no longer planning to fully shut down its smelter in the country, and will now maintain operations at about 60% of capacity following confirmation that the plant will continue to receive gas from its supplier.
Indian Bourse NSE Picks Bankers, Lawyers for $2.5 Billion IPO
National Stock Exchange of India Ltd. has selected 20 bankers for its long-awaited initial public offering, the exchange said in a statement.
Emerging-Currency Options Are Hinting at Lot More Near-Term Pain
Traders are bracing for more weakness in emerging-market currencies over the coming month as the Iran war escalates, according to a key options pricing measure.
Mideast Shipping Crisis Widens With More Tankers Hit in Gulf
Iran launched a fresh wave of attacks on shipping in the Persian Gulf, briefly pushing crude back above $100 a barrel and intensifying what the world’s energy watchdog called the biggest oil market disruption in history.
Bond Traders Are Pricing in Bigger Deficits Around the World
The yield on the 30-year US Treasury bond is climbing toward 4.9%, part of a global move higher in borrowing costs.
Spot Container Rates to Europe Jump as Iran War Strains Capacity
The cost to ship goods in containers to Europe from China jumped over the past week as the war in the Mideast disrupts one of the world’s busiest shipping routes and lengthens delivery times.
Deutsche Bank Flags a $30 Billion Exposure to Private Credit
Deutsche Bank AG flagged a €26 billion ($30 billion) exposure to private credit, an asset class that’s grappling with fund redemptions, scrutiny of underwriting standards and the impact of AI on some borrowers such as software makers.
Peru’s Gas Leak Is Revealing That Instability Matters After All
A prolonged natural gas pipeline leak in Peru is suddenly laying bare the costs of its chronic political instability, a phenomenon that’s often shrugged off by investors.