First LNG Tanker Crosses Hormuz After Deal Announcement As Most Ship Managers Remain Cautious

India Panics, Further Tightens Gold Flows As Rupee Collapses Well, that escalated quickly... With the Rupee accelerating its declines to ever lower record lows against the dollar, Indian authorities have stepped up capital controls, focusing on curbing demand in the gold 'exit' route. 4 days ago, there were no signs of import duty hikes as Prime Minister Narendra Modi  issued a rare weekend appeal urging citizens to forgo gold purchases as well as unnecessary foreign travel in order to help hold up the currency.. 2 days ago, tariffs were more than doubled on gold...

"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers PepsiCo blamed the second-quarter slowdown in its North American food unit on consumers tightening their belts. The period was marked by elevated pump prices tied to the US-Iran war, a squeeze that hit lower-income households the hardest and weighed on discretionary snack and beverage purchases. Revenue in the company's North American food unit fell 2%, while volumes remained flat, even as the junk food giant slashed prices on some of its brands by as much as 15% earlier this year...

The Oil Shock Is Weakening India's Economy and Finances By Tsvetana Paraskova of OilPrice.com India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh on the Indian currency, economic growth, and public finances as long as supply is choked at the Strait of Hormuz. More than three months after the Iran war began, investment banks, brokerages, rating agencies, and even India’s central bank are lowering economic growth forecasts, while the government intervenes to...