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Investor unease about an increasingly uncertain environment is rising, as Norway’s shock rate cut on Thursday highlights how US tariffs, Middle East conflict and a shaky dollar make global monetary policy and inflation even harder to predict.Norway’s crown slid roughly 1 per cent against the dollar and the euro in a sign of how unexpected the move was. And Switzerland, which cut borrowing costs to 0 per cent on Thursday, confounded some expectations among traders for a return to negative rates in the deflation-hit nation, as its central bank warned of a cloudy global outlook. Just a day earlier the…

Crude oil prices were set for another weekly gain today, the third in a row, as Israel and Iran continued to bomb each other with no sign of willingness on either side to switch to diplomacy.At the time of writing, Brent crude was trading at $77.04 per barrel, with West Texas Intermediate at $75.67 per barrel as the latest war in the Middle East entered its second week. The benchmarks dipped slightly from Thursday.The hostilities have pushed tanker rates sky high, along with vessel insurance, with many shippers choosing to avoid the Strait of Hormuz altogether, not least because the…

Haldia Petrochemicals Limited (HPL) has completed its maintenance turnaround 2025 (TA25) at its facility in West Bengal’s the Purba Midnapore district, resulting in higher throughput on a continuous basis, a statement by the company said on Thursday.The maintenance turnaround, which began on April 16, was completed in 45 days, it said, adding that the initiative was undertaken to achieve operational excellence, technological enhancement and higher sustainability.”The turnaround has yielded multiple advantages for HPL, including infrastructure reliability, increased safety standards and a technological framework that supports future growth and innovation”, the statement said, adding that there also has been an improvement…

FX Empire – German Producer Prices US Futures Dip in Morning Trade The US Futures markets posted losses ahead of the European opening bell on Friday, June 20. Rising oil prices, the Iran-Israel conflict, and Fed Chair Powell’s stance on tariffs and inflation remained headwinds. The Dow mini fell 106 points, while the Nasdaq 100 and S&P 500 dropped 38 and 12 points, respectively. US markets were closed on June 19. Philly Fed Manufacturing Index in Focus Later in the European session on June 20, the Philly Fed Manufacturing Index needs consideration. Economists expect the Index to rise from -4…

The dangerous 32C heat that will be endured by people in the south-east of England on Saturday will have been made 100 times more likely by the climate crisis, scientists have calculated.Global heating, caused by the burning of fossil fuels, is making every heatwave more likely and more intense. The 32C (89.6F) day forecast on Saturday would have been expected only once every 2,500 years without the climate crisis, the researchers said, and June heatwaves are now about 2-4C (3.6-7.2F) hotter than in the past.The heat is expected to cause premature deaths, particularly among older and vulnerable people. More than…

Israel and Iran exchanged strikes a week into their war Friday as new diplomatic efforts appeared to be underway.Iran’s Foreign Minister Abbas Araghchi appeared headed to Geneva for meetings with the European Union’s top diplomat and counterparts from the United Kingdom, France and Germany. A plane with his usual call sign took off from the Turkish city of Van, near the Iranian border, flight-tracking data from FlightRadar24 showed. Iran typically acknowledges his departure hours afterward.The Israeli military said Thursday that Iran used a missile with multiple warheads, posing a new challenge to its defenses. Instead of having to track one…

Originally featured on WSJ’s Take On the Week | Recap by ESG News In a recent special episode of WSJ’s Take On the Week, guest host Miriam Gottfried sat down with Rachel Robasciotti, Founder and Co-CEO of Adasina Social Capital, to discuss how the investment landscape for DEI and ESG is evolving—especially under shifting political climates. Robasciotti, a pioneer in social justice, DEI, and ESG investing, explained how Adasina has developed a proprietary framework of over 80 metrics designed to evaluate racial, gender, economic, and climate justice within companies. These metrics directly inform the holdings of Adasina’s ETF, which includes…

New Delhi: Oil and Natural Gas Corporation Limited (ONGC) has carried out multiple junk shot operations using different combinations of materials and pressure ranges to contain the gas discharge from Well RDS 147A in Assam. The discharge control efforts are underway with additional reinforcements expected.An international team of well control experts from the United States is scheduled to reach the site by the evening of June 20 to support ONGC’s response operations. The team will bring specialised expertise to augment the ongoing containment efforts.ONGC has also initiated the development of an alternate route to facilitate safe and efficient movement to…

Interview Highlights: Christine Montenegro McGrath (Mondelēz) & Alejandro Navarro (BCG) discuss their takes on ESG in 2025. The ESG narrative is shifting. According to Christine Montenegro McGrath of Mondelēz and Alejandro Navarro of BCG, the conversation has moved beyond decarbonization and purpose alone. Today, the focus is on future-proofing businesses—linking sustainability directly to long-term value creation and resilience. The emerging catalyst for ESG strategies is no longer just impact for impact’s sake, but the integration of business value and sustainable practices. ESG is being driven by the need to safeguard operations, supply chains, and stakeholder trust. Originally published by BCG.…

New Delhi: A $10 per barrel increase in average crude oil prices could raise India’s net oil imports by $13–14 billion and widen the current account deficit (CAD) by 0.3 per cent of GDP, rating agency ICRA said in a report.The agency said that following the June 13 conflict escalation between Israel and Iran, crude prices rose sharply from $64–65 per barrel to $74–75 per barrel, raising concerns for crude- and gas-importing countries like India.India sources 45–50 per cent of its crude oil and nearly 54 per cent of its liquefied natural gas (LNG) from West Asia via the Strait…