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Search Result for “exchange rates”

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BUSINESS

US fund Pershing Square launches takeover bid for Universal Music

AFP, Published on 07/04/2026

» PARIS — American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday that it had offered to buy Universal Music Group in a merger, saying it believed the music giant was undervalued by stock markets.

WORLD

France's Sarkozy says 'innocent' at trial over Libya funding

AFP, Published on 07/04/2026

» PARIS — France's ex-president Nicolas Sarkozy at an appeals trial Tuesday said he was "innocent", rejecting charges he had sought Libyan financing for his 2007 election in exchange for helping improve Tripoli's image after deadly bombings.

THAILAND

IRPC to offer 3-, 5- and 7-year debentures to public

Published on 07/04/2026

» IRPC Public Company Limited (IRPC) has announced the issuance of debentures to the public through six leading financial institutions. The debentures have been assigned a credit rating of “A-” with a “stable” outlook by TRIS Rating, underscoring the Company’s strong capability in integrated petroleum and petrochemical operations and its solid cash flow generation. These strengths support long-term business stability and sustainability while strengthening the strategic value of the PTT Group.

BUSINESS

Call for jet fuel tax break as costs soar

Business, Yuthana Praiwan, Published on 07/04/2026

» Bangkok Aviation Fuel Services Plc (BAFS), Thailand's sole jet refuelling provider, has called on the government to exempt jet fuel from the excise tax of 4.72 baht per litre, warning the levy undermines the country's aviation competitiveness.

BUSINESS

Office eyes B40bn via infrastructure funds

Business, Wichit Chantanusornsiri, Published on 07/04/2026

» Several state-owned enterprises (SOEs) are expected to raise a combined 40 billion baht through infrastructure funds, helping to ease the government's public debt burden as such liabilities are not classified as public debt, says the chief of the State Enterprise Policy Office (Sepo).

OPINION

Fanatics, an obsessive, and a belligerent fool

Oped, Gwynne Dyer, Published on 07/04/2026

» We don't have to look very far to find a useful historical analogy for the current crisis in the Middle East. In 1967, Egypt closed the Strait of Tiran to Israeli ships, and Israel replied with a surprise air attack that destroyed almost the entire Egyptian air force on the ground.

BUSINESS

Hopes for early end to war lift sentiment

Business, Published on 07/04/2026

» The war in Iran continues with ongoing attacks by both sides, while Iran's closure of the Strait of Hormuz weighs on investor sentiment.

BUSINESS

Gold ticks higher as dollar eases; Iran deal hopes temper oil, inflation concerns

Reuters, Published on 06/04/2026

» Gold prices ticked up in thin European trading as the dollar eased and as markets assessed the impact on oil prices and inflation expectations of a ceasefire proposal in the U.S.-Israel war with Iran.

WORLD

Iran, US receive plan to end hostilities, immediate ceasefire, source says

Published on 06/04/2026

» Iran and the United States have received a plan to end hostilities that could come into effect on Monday and reopen the Strait of Hormuz, a source aware of the proposals said on Monday.

BUSINESS

Grab ramps up EV scheme amid energy shocks

Business, Published on 06/04/2026

» Grab Thailand is accelerating its Grab EV programme in response to the ongoing energy crisis by announcing nine strategic partnerships, including with electric vehicle (EV) manufacturers and distributors, as well as taxi cooperatives.