Iran war drives Panama Canal lane prices to record high
Asian buyers seeking western crude push bids five times higher than pre-conflict levels
Economic news
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Investors nurse losses after ‘short squeeze’ at car rental group Avis Budget
US company’s equities had soared more than 400% in echo of Wall Street’s 2021 ‘meme stock’ craze
US allies in Gulf and Asia have requested swap lines, Bessent says
Treasury secretary says ‘numerous’ countries sought support amid economic fallout from Iran war
Crypto billionaire Justin Sun sues Trump family’s World Liberty Financial
Fraud claims come amid escalating feud between the Trump venture and one of its biggest supporters
Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him
But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.
CVC-led group closes in on £1bn Standard Life pensions deal
Consortium, which includes Prudential Financial, would help fund buyouts of defined-benefit schemes