Indian conglomerate Vedanta to split in five next month
Chair suggests new entities could be worth as much as $50bn after deleveraging drive
Economic news
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Iranian strike injures US troops at Saudi air base
Yemen’s Houthi rebels carry out their first attack on Israel since the war began
Iranian strike wounds US troops at Saudi air base
Yemen’s Houthi rebels carry out their first attack on Israel since the war began
New fees, fewer flights: Higher fuel prices pinch consumer budgets beyond the gas pump
As corporate policies change, Americans will feel higher oil prices in their pocketbooks beyond the gas pump.
The failures of prediction markets are predictable
They can send wrong signals when trading is illiquid or when herd behaviour takes hold
Chart of the Week: The oil shock hurts poorer economies hardest
Developing economies are more dependent on energy