Business Sentiment Was Improving, but Middle East War Pushing up Costs

Strait of Hormuz blockade drives up costs at Panama Canal

The war in the Middle East has boosted demand to move vital cargo through the Panama Canal to such an extent that one vessel carrying liquefied natural gas...

War Shock in Asia

The damage to a region that has driven global economic growth for decades may be hard to contain.

Trump's approval on economy falls in AP-NORC poll, showing new warning signs for president

WASHINGTON (AP) — President Donald Trump’s approval rating on the economy has slumped over the past month as the Iran war drives prices higher, according to a new AP-NORC poll, with even Republicans showing less faith in his leadership. The findings from The Associated Press-NORC Center for Public Affairs Research show a president who is struggling with unfulfilled promises to tame inflation and testing Americans’ patience with a conflict in the…

Asian countries face 'desperate' demand for Russian oil

The Philippines, Vietnam, Indonesia, and Malaysia are all actively negotiating with Russia to secure crude supplies following Middle East disruptions, Jaziri Alkaf, the former Senator of the Parliament of Malaysia, said

Retail sales up 1.7% in March from February driven by a spike in gas prices

Shoppers accelerated their spending in March from February, but they spent most of their money at the gas pump

ASX stalls as investors eye Iran tensions

Australian shares closed flat as investors held back ahead of a Middle East ceasefire deadline, with energy stocks falling and banks delivered mixed results.