Business

German sportswear giant Adidas shares fell sharply on Wednesday after the company issued a weaker-than-expected outlook for 2026, while warning that the business impact of the escalating Middle East conflict remains uncertain, AFP reported.The maker of Gazelle and Samba trainers said it expects operating profit to rise to 2.3 billion euros ($2.7 billion) in 2026…

Benchmark indices Sensex and Nifty ended sharply lower on Wednesday, tracking weakness in Asian markets as escalating tensions in West Asia pushed crude oil prices higher and weighed on investor sentiment.The 30-share BSE Sensex fell for the fourth consecutive session, dropping 1,122.66 points or 1.40 per cent to close at 79,116.19. During the day, the…

Stocks in the United Arab Emirates fell sharply on Wednesday as markets reopened after a rare two-day trading halt triggered by Iran’s missile and drone attacks on the Gulf nation over the weekend, prompting investors to reassess geopolitical risks, Reuters reported.Dubai and Abu Dhabi exchanges had suspended trading on March 2 and March 3 —…

Any interruption to navigation in the Strait of Hormuz poses a serious threat to international oil trade flows. Strait of Hormuz closure has sent shockwaves in global markets and with no signs of the US-Israel-Iran war de-escalating, oil prices have been climbing up. The expanding conflict in Iran has brought tanker movement through the Strait…

Gold prices traded higher in futures markets on Tuesday, supported by firm global cues, even as retail bullion rates across major Indian cities recorded a noticeable correction after recent sharp gains.As of 15:12, gold futures on the Multi Commodity Exchange (MCX) remained elevated across contracts. The April 2026 contract traded at Rs 1,63,594 per 10…

According to Goldman Sachs, Indian companies could be among the hardest hit in Asia by the conflict involving Iran. (AI image) US-Israel-Iran war impact: Indian equity benchmarks, Nifty50 and BSE Sensex, will see mounting pressure in the coming days if the Middle East crisis persists, feel analysts. Indian stocks, already under pressure, are expected to…

South Korea’s Kospi, which had long stood out as one of the world’s hottest-performing markets over the past year, with a whopping 36% gain, hit a roadblock. The Kospi Index, which recently inched up 3% to its record high, tumbled as much as 13% on Wednesday. This dramatic sell-off follows a 7.2% decline in the…

NEW DELHI: Ramzan and Easter are important dates in the calendars of several fruits and vegetables exporters to West Asia and Europe. Some of them, in fact, source seeds and grow vegetables meant specially for Europe as Jan to April is lean season for cultivation there.“We were ready with our consignments of onions for Europe,…

Gold price prediction (AI image) Gold price prediction today: Gold prices may face resistance at Rs 1,63,275, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold opened up at the start of the week, a widely expected move, as investors sought safe haven, following the continued US and Israel attacks…

NEW DELHI: An Indian HNI woke up to a message from a Dubai-based broker on Tuesday, asking for the best offer for a beachfront property, which was “in distress”.But, the West Asia crisis has created doubts in her mind over Dubai’s well-earned reputation as a haven.She is not alone and multiple realtors say many Indians…