World Business NewsSpaceX shareholders approve 5-for-1 stock split, Bloomberg News reports
IPO-bound SpaceX informs shareholders stock’s fair market value adjusted to $105.32 per share from $526.59 following share split
May 16, 2026
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World Business News
World Business NewsAir India posts record $2.8 billion annual loss amid Iran war, Pakistan airspace ban
Loss is another major setback for Air India, which has been forced to cut scores of international flights in recent months
May 16, 2026
World Business NewsUAE's new oil pipeline push to double export capacity, bypassing Hormuz
UAE fast-tracks West-East Pipeline expected to be operational by 2027 as Iran expands Hormuz control claims, pushing global energy prices higher
May 16, 2026
World Business NewsAlphabet sells yen bonds worth $3.6 billion, largest such issue by foreign company
Google parent plans capital expenditure of up to $190 billion this year and has raised funds through bonds issued in euros, sterling, Canadian dollars and Swiss francs
May 15, 2026
World Business NewsGold heads for weekly loss on oil-driven inflation fears; Trump-Xi talks in focus
Spot gold falls 0.6% to $4,619.61 per ounce, its lowest since May 6, while silver drops 2.5%, platinum declines 1.7% and palladium slips 0.8% amid fourth straight session of losses
May 15, 2026
World Business NewsBoeing shares drop 4% after Trump announces China orders just 200 jets
China's last major Boeing order was in 2017; Airbus has outpaced Boeing in Chinese deliveries since 2018
May 15, 2026
World Business NewsOil rises more than 1% after Trump says he is losing patience with Iran
On week, Brent up nearly 6%, WTI climbs more than 7%; Trump says Iran 'should make a deal'
May 15, 2026
World Business NewsUS set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case
Prosecutors alleged Adani paid bribes for solar project, Adani denies allegations; Adani and nephew settle related SEC civil fraud case for $18 million, deny wrongdoing; Adani group stocks rise 3.5%
May 15, 2026
World Business NewsGlobal bonds tumble as flaring inflation spooks investors
Bond market selloff gathers pace; US Treasury yields at one-year highs; Euro zone bond yields rise, JGB yields hit record peaks
May 15, 2026
World Business NewsIndia hikes petrol, diesel prices more than 3%, retailers say
New Delhi is one of the last major economies to raise retail fuel prices, diesel will cost 90.67 rupees and petrol 97.77 rupees
May 15, 2026
World Business NewsDollar poised for largest weekly rise in two months as Fed hike bets increase
USD up more than 1% this week, sharpest increase since early March
May 15, 2026
World Business NewsAsian shares dive as US yields hit one-year high
Inflation fears rein in Asian stocks after Wall Street's tech rally; Japan's Nikkei down 1.8% on hot PPI data, South Korea plunges over 5%
May 15, 2026