India's Crude Import Bill Surges As Hormuz Shipping Rates Soar

Bank Of England To Stop Selling 20- And 30-Year Gilts As Yields Soar The Bank of England ​is set to announce this week that it will stop selling long-dated government bonds which ‌have been hit by a global selloff in debt markets, potentially freeing up some cash for finance minister John Healey, the Telegraph reported adding that the BoE would say it would stop selling 20- ​and 30-year gilts. The central bank, which already scaled back the sale of longer-dated gilts, is due to announce its plan for the pace of quantitative...

China Panics, Urges Ceasefire To Reopen Strait Of Hormuz As Beijing Is Addicted To Cheap Iranian Crude Chinese Foreign Ministry spokeswoman Mao Ning said at Tuesday's regular press briefing in Beijing that all parties in the Iran conflict must ensure the safe transit of commercial shipping through the critical maritime energy chokepoint of the Strait of Hormuz. "China urges all parties to immediately cease military operations, avoid escalating tensions, and safeguard the safety of navigation in the Strait of Hormuz," spokeswoman Ning said. We've briefed readers that China is heavily exposed to...

President Trump spoke with Russian President Vladimir Putin by phone on Wednesday, during which the two leaders discussed the wars in Ukraine and Iran. According to Russian officials, during the call, Putin said he was ready to declare a ceasefire with Ukraine on May 9 for Victory Day, the day Russia celebrates the Soviet Union’s […]