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The Business Standard

Thursday
June 04, 2026

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THURSDAY, JUNE 04, 2026

global economy

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global economy

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Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi, India, May 24, 2024. Photo: REUTERS/Priyanshu Singh/File Photo

Indian rupee hits record low as global bond yield surge compounds oil pain

The rupee fell nearly 0.3% to 96.2275 per dollar, eclipsing its previous all-time low of 96.1350. Asia’s worst-performing currency of 2026 has fallen to record lows for five straight sessions

A woman walks in front of a screen displaying Evergrande's stock prices, among others, outside the Exchange Square, after a court ordered the liquidation of China Evergrande Group, in Hong Kong, China, 29 January 2024. REUTERS/Lam Yik/File Photo

Oil rises, Asian stocks sink on US-Iran deadlock

The world's first methanol-fueled container vessel Laura Maersk, owned by shipping company Maersk, is seen in Copenhagen, Denmark September 14, 2023. REUTERS/Jacob Gronholt-Pedersen/File Photo

G7 finance chiefs seek to tackle imbalances as trade strains unity

A woman walks past a Commonwealth Bank of Australia (CBA) logo displayed above a branch in Sydney, Australia, October 15, 2025. Photo: REUTERS/Hollie Adams

Asia Pacific banks face growing credit risks, raise provisions as Iran war drags on

Bruce Flatt, Chief Executive Officer of Brookfield Asset Management (BAM), poses in front of the company's logo in Tokyo, Japan, May 16, 2019. Photo: REUTERS/Hideyuki Sano

Brookfield set to acquire World Freight Company in $1.2b deal: Sources

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo

Oil prices slip on teetering Iran ceasefire as Trump heads to China

Representational image. File Photo: Reuters

Dollar gains as Trump says Iran peace offer 'unacceptable'

A person holds a Nintendo Switch 2 game console's box as Nintendo starts selling the new consoles globally, at an electronics store in Tokyo, Japan June 5, 2025. Photo: REUTERS/Issei Kato

Nintendo shares slump as price hikes, games shortfall spook market

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. Photo: REUTERS/Francis Mascarenhas/ File Photo

Indian shares fall on crude spike, Modi remarks on fuel, gold purchases

Vessels in the Strait of Hormuz near Bandar Abbas, Iran, on 4 May 2026. Amirhosein Khorgooi/ISNA/WANA (West Asia News Agency) via REUTERS

The weaponisation of shipping channels

Illustration: Ashrafun Naher Ananna/TBS Creative

Oil jumps as US, Iran disagree on peace proposal

Nigerian multinational industrial conglomerate Dangote Group's CEO Aliko Dangote speaks on the phone at the Chateau de Versailles, outside Paris, France May 13, 2024. Photo: LUDOVIC MARIN/Pool via REUTERS/File Photo

Africa’s richest man Dangote eyes Kenya for new refinery: FT

A drone view shows a Chinese-flagged oil tanker moored at an oil terminal at Tsing Yi port in Hong Kong, China March 19, 2026. Photo: REUTERS/Joyce Zhou

China energy imports drop in April amid Iran war as fuel exports hit decade low

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