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Iran war disrupts global ocean freight and air cargo supply chains beyond oil

by lisa@patrickmarketingny.com | Mar 4, 2026 | Business News

  NEW YORK (AP) — The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply chain beyond oil, affecting everything from pharmaceuticals from India, semiconductors from Asia and oil-derived...

China’s factory activity contracts for a second month

by lisa@patrickmarketingny.com | Mar 3, 2026 | Business News

  HONG KONG (AP) — China’s factory activity shrank for a second month in February, though lower U.S. tariffs could bring about a small boost in the coming weeks. The official manufacturing purchasing managers index, or PMI, slipped to 49 from 49.3 in January, a...

Asian shares extend losses as the war with Iran widens and oil surges higher

by lisa@patrickmarketingny.com | Mar 3, 2026 | Business News

  BANGKOK (AP) — Asian shares fell further on Wednesday after the global sell-off for stocks hit Wall Street, with South Korea’s benchmark plunging 8%, while oil prices climbed even higher. Worries over the widening war with Iran have hammered most world markets....

Oil rises over $1 as Iran crisis disrupts Middle East supply

by lisa@patrickmarketingny.com | Mar 3, 2026 | Business News

  By Arathy Somasekhar March 4 (Reuters) – Oil prices rose more than $1 on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East output and halted exports from the region. Brent rose $1.11, or 1.4%, to $82.53 a barrel, after closing at its highest since...

Singapore bank DBS secures China bond underwriting licence

by lisa@patrickmarketingny.com | Mar 3, 2026 | Business News

  SINGAPORE, March 4 (Reuters) – DBS Group, Singapore’s biggest bank by assets, said on Wednesday its China unit has been granted a principal underwriting licence for non-financial corporate bonds in China’s interbank bond market. The licence from China’s National...

Investors, US crude producers scramble to lock in oil price spike 

by lisa@patrickmarketingny.com | Mar 3, 2026 | Business News

  By Georgina McCartney HOUSTON, March 3 (Reuters) – Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S. bombed Iran...
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  • Sri Lanka rescues 30 people on board distressed Iranian ship, foreign minister says
  • Bayer projects up to 10.1 billion eur in adj earnings this year
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  • Dueling documentaries illuminate the promise and perils of artificial intelligence
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