BP profits hit 3-year high as Iran war delivers windfall
Oil major’s quarterly profit beats analysts’ expectations on back of ‘exceptional’ trading performance
Economic news
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Bank of Japan holds rates as Iran war energy shock tests economy
Latest outlook statement warns growth is likely to slow as Middle East conflict crimps profits and household incomes
Reliance’s profit growth dented by global oil upheaval
Also in this newsletter, questions arise over future growth in the Indian Premier League
Blue Owl investors shun cut-price exit offer from Boaz Weinstein
Offer from Saba Capital to buy shares of private credit fund at 65 cents on the dollar fails to attract sellers