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Finance & Markets

Shadow Lenders in India Line Up Over $1 Billion in Rupee Bonds

India’s shadow lenders are set to raise at least 100 billion rupees ($1.1 billion) through the issuance of local-currency bonds as early as next week, according to people familiar with the matter, as they race to lock in borrowing costs before they rise further.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Hormuz Shipping Slumps as U.S.-Iran Strikes Rattle Oil Markets

The number of tankers traversing the Strait of Hormuz remains below the ten-day average, according to ship-trackers, with Kpler reporting only four tanker crossings for Tuesday.

  • Tanker traffic in Strait of Hormuz drops below ten-day average
  • U.S. Energy Secretary claims 17 million barrels passed through
  • Iran targets two tankers in retaliation for U.S. attacks

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