News 10 May 2026 - 11 May 2026

Etihad Orders 10 Boeing Jets, Raising Talk of Hard-to-Get 787 Slots

Stock Market Today: Live Updates 14.07.2026

LIVEMarkets rolling coverageStarted: July 14, 2026, 4:00 AM EDTUpdated: July 14, 2026, 10:01 PM EDT Battery Storage Cuts Power Costs as Australian Gas Prices Jump July 14, 2026, 9:48 PM EDT. Cheaper battery storage is grabbing a bigger slice of Australia’s electricity market, challenging gas plants and lowering costs, the GenCost 2025-26 Final Report by CSIRO and AEMO said. The report said renewable energy backed by storage is still the cheapest way to hit net zero, with solar PV and onshore wind expected at 93% of the supply by 2050. AI data centre demand is pushing up gas turbine costs,
July 14, 2026
U.S. Stock Futures Wobble as Oil Shock Hits Fed Cut Bets and Wall Street’s Record Rally
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U.S. Stock Futures Wobble as Oil Shock Hits Fed Cut Bets and Wall Street’s Record Rally

U.S. stock-index futures barely budged early Monday, with oil prices surging after President Donald Trump shot down Iran’s answer to a U.S. peace offer—an abrupt move that nudged inflation worries back onto the radar after last week’s record-setting rally. As of 05:44 a.m. ET, Dow futures ticked up just 0.02%, S&P 500 futures were unchanged, and Nasdaq 100 futures edged higher by 0.03%. Investors kept an eye on Tuesday’s consumer price index reading, the government’s main gauge of household prices. The S&P 500 and Nasdaq set new records Friday, buoyed by artificial-intelligence names, upbeat earnings, and sturdy job numbers. But right now, another sharp jump in oil prices is throwing a wrench into that rally, reviving concerns about inflation. The
May 11, 2026
Adani Power Overtakes NTPC After 50% Rally, Rewriting India’s Power Stock Race
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Adani Power Overtakes NTPC After 50% Rally, Rewriting India’s Power Stock Race

Adani Power has surged past state-run NTPC, now sitting as India’s most valuable publicly traded power company. Its shares have soared nearly 50% so far this year, pushing the market cap up to about ₹4.3 lakh crore. NTPC, by comparison, stands at roughly ₹3.9 lakh crore, according to NSE data. That puts the Adani Group firm ahead of the country’s public-sector powerhouse in terms of total listed share value. This shift is notable: Adani Power now commands a higher market value than NTPC, even though NTPC operates over 80 gigawatts of installed capacity—far outstripping Adani Power’s 18.2 GW. Investors, eyeing the private thermal-power player, have pushed up its stock on bets that squeezed electricity supplies, improved contracts, and stronger utilisation
May 11, 2026
Petrol, Diesel Price Hike Alert: IOC, BPCL, HPCL Lose ₹1 Lakh Crore as Crude Shock Deepens
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Petrol, Diesel Price Hike Alert: IOC, BPCL, HPCL Lose ₹1 Lakh Crore as Crude Shock Deepens

State-backed fuel giants in India have eaten up more than ₹1 lakh crore in under-recoveries over the last 10 weeks, piling on the heat for the government to rethink petrol and diesel pricing, though pump prices held steady Monday. Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp are racking up daily losses of around ₹1,600 crore to ₹1,700 crore, according to sources cited by PTI. The pressure is building as global crude prices surge, yet India keeps retail fuel prices fixed to protect buyers. Under-recovery refers to the difference between what’s charged locally and the cost tied to benchmarks. It doesn’t always translate to a straight cash loss, but higher crude bills can squeeze profits and tie up
May 11, 2026
Indian Railways Just Cleared ₹362 Crore For Kavach — Punjab And J&K Routes Are Next
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Indian Railways Just Cleared ₹362 Crore For Kavach — Punjab And J&K Routes Are Next

Indian Railways signed off on a ₹362-crore plan to extend Kavach—its homegrown automatic train protection tech—across almost 1,478 route km throughout Punjab and Jammu and Kashmir. The expansion pushes the safety system further into the Northern Railway’s coverage. Kavach alerts loco pilots, and in specific risky situations, it steps in to activate the brakes itself. Kavach is shifting gears—from limited commissioning to a much broader rollout. According to the Railway Ministry's March update, the system had been deployed on 3,103 route km, while installation continued across another 24,427 km, targeting busy, high-traffic corridors.
May 11, 2026
Oil Shock Returns as Trump Rejects Iran Peace Offer and Stocks Stall Near Records
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Oil Shock Returns as Trump Rejects Iran Peace Offer and Stocks Stall Near Records

European stocks paused on Monday, while crude prices climbed. U.S. President Donald Trump dismissed Iran’s answer to a Washington peace plan, denting expectations for a swift reopening of the Strait of Hormuz. This latest setback is important. Until now, markets had counted on two things: solid earnings and AI-driven demand supporting record-high stocks, plus hopes that diplomacy would head off the energy crunch. That latter hope faded, though, as the waterway remains mostly closed, sending oil higher and stoking fresh inflation concerns.
May 11, 2026
PS Plus May 2026 Could Get Its Big Star Wars Moment — But Sony Has Only Confirmed Time Crisis
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PS Plus May 2026 Could Get Its Big Star Wars Moment — But Sony Has Only Confirmed Time Crisis

Star Wars Outlaws looks like the crowd favorite as Sony gears up for its PlayStation Plus Extra and Premium May announcement. According to GamePro, it’s topping wish lists, while chatter on the r/PlayStationPlus prediction thread zeros in on May 13 for the reveal. The timing is key here, with the May PS Plus Essential lineup already rolled out; now subscribers are watching the higher-tier Game Catalog for the next value play. Adam Michel, director of content acquisition and operations at Sony Interactive Entertainment, said this month’s picks let players “show your skills on the pitch,” “battle monsters,” and “fight your way” through a 2D world—referring to EA Sports FC 26, Wuchang: Fallen Feathers, and Nine Sols. The titles landed on
May 11, 2026
Openreach Adds 238 UK Areas to Copper Switch-Off List as Landline Deadline Nears
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Openreach Adds 238 UK Areas to Copper Switch-Off List as Landline Deadline Nears

Openreach has tacked on another 238 UK exchanges to its full-fibre “stop sell” programme, pushing more regions onto the roster where legacy copper broadband and phone services will hit fresh order restrictions. With the May 8 update, marked as Tranche 24, the FTTP Priority Exchange list climbs to 2,116 entries, according to Openreach’s document. Why now? Britain’s shift away from copper has left the drawing board. The focus is switching to actually moving customers. The legacy Public Switched Telephone Network — PSTN, the analogue backbone of those familiar landlines — is set for shutdown by Jan. 31, 2027. Calls will be routed over broadband-based digital lines instead.
May 11, 2026
Oil Tankers Go Dark Near Hormuz as Iran Risk Keeps Crude Above $100
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Oil Tankers Go Dark Near Hormuz as Iran Risk Keeps Crude Above $100

Roughly 6 million barrels of crude have exited the Strait of Hormuz on three tankers running dark, according to shipping data from Kpler and LSEG. Buyers are navigating a risky Gulf corridor still lingering under Iranian threats, with the Agios Fanourios I and Kiara M—both very large crude carriers—hauling 2 million barrels each of Iraqi crude. The Basrah Energy moved another 2 million barrels of Abu Dhabi’s Upper Zakum, unloading at Fujairah on May 8. Right now, Hormuz is the flashpoint that’s keeping energy markets on edge after 10 weeks of conflict. Brent crude jumped almost 4% to $105.33 a barrel in early Monday Asia trade, while U.S. West Texas Intermediate climbed past 4% to $99.85. The catalyst: President Donald
May 11, 2026
Canara Bank Q4 Results: Profit Falls 10%, But Bad Loans Keep Improving
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Canara Bank Q4 Results: Profit Falls 10%, But Bad Loans Keep Improving

Canara Bank posted a 9.9% drop in standalone profit for the fourth quarter on Monday. Lower provisions helped, but softer operating profit dragged the bottom line, even as the bank managed to improve both its core lending income and bad-loan ratios. With these numbers, attention turns again to margins and asset quality for public-sector banks heading into FY27. Loan growth continues to outpace deposits, a dynamic that gives a lift to revenue yet also pushes up funding costs. Canara Bank reported a 15.3% jump in global advances to ₹12.38 lakh crore from a year earlier; deposits, meanwhile, climbed 9.7% to ₹15.69 lakh crore. The global net interest margin came in at 2.51%—still short of the bank’s FY26 goal of 2.75%-2.80%.
May 11, 2026
Sensex Crash Today: Why Nifty Slid Below 23,950 as Oil Shock and Modi’s Fuel Appeal Hit Dalal Street
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Sensex Crash Today: Why Nifty Slid Below 23,950 as Oil Shock and Modi’s Fuel Appeal Hit Dalal Street

Indian stocks took a hit Monday, with the Sensex tumbling more than 900 points by the afternoon and the Nifty 50 sliding beneath 23,950. The downturn came as crude prices jumped and Prime Minister Narendra Modi urged measures to save fuel and shore up foreign exchange, sapping investor confidence. The Sensex's early losses had topped 1,100 points. Brent crude climbing past $105 a barrel has reignited concerns around inflation, the rupee, and India’s trade bill—no small matter for a country so reliant on imported oil. India’s current account deficit reflects it: more foreign currency goes out than comes in, and any spike in oil or gold imports only deepens that gap.
May 11, 2026
Rupee Near Record Low: Oil Shock Pushes India’s Currency Past 95 Against Dollar
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Rupee Near Record Low: Oil Shock Pushes India’s Currency Past 95 Against Dollar

The rupee slid beyond 95 per dollar on Monday as oil prices surged, following stalled U.S.-Iran peace talks. Traders pointed to likely dollar sales by state banks, trying to curb the rupee’s drop. Reuters pegged the currency at 95.1850 to the dollar, off 0.75%. Both Navbharat Times and Moneycontrol reported a fall to 95.17. India’s timing couldn’t have been worse. With oil prices climbing, importers scramble for more dollars, putting extra strain on the rupee. If those higher fuel costs get passed on, inflation picks up at home. Investors eye the current account—always a sensitive spot for countries that import much of their oil.
May 11, 2026
UK & AU Stock Market Today: Live Updates 11.05.2026
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UK & AU Stock Market Today: Live Updates 11.05.2026

LIVEMarkets rolling coverageStarted: May 11, 2026, 12:00 AM EDTUpdated: May 11, 2026, 11:51 PM EDT Can Westpac Banking Corp (WBC) Shares Outperform ASX 200 in 2026? May 11, 2026, 11:51 PM EDT. This analysis explores the potential for Westpac Banking Corp (ASX: WBC) shares to outperform the S&P/ASX 200 index (XJO) by 2026. The article breaks down key valuation methods including the price-to-earnings (PE) ratio, which compares share price to earnings per share. WBC's PE ratio currently stands at 19.2x versus the banking sector average of 18x. Using sector-adjusted PE valuation, WBC's share is valued around $35.13. Additionally, the piece
May 11, 2026
Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story
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Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story

Coles Group Ltd. faces the ASX on Monday as investors look hard at one thing: whether robust supermarket sales can stick around if fuel, freight, and supplier costs push higher. Shares ended May 8 at A$21.63, slipping 0.8%. Timing plays a key role here: Australia’s grocery sector is back in the inflation spotlight. The Reserve Bank of Australia last week hiked its inflation outlook, projecting headline inflation to top out near 5% as the global energy shock pushes fuel prices higher and drags on economic growth.
May 11, 2026
Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now
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Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now

Sydney—May 11, 2026, 08:02 AEST Cochlear Limited will kick off trading Monday close to A$100 per share, a figure that’s become something of a litmus test for sentiment after a bruising profit warning and steep drop last month. According to MarketScreener, shares finished May 8 at A$99.89, gaining 1.7% on the session, but even after that bounce, the stock remains down 61.7% for the year.
May 11, 2026
Xero Shares Face Pivotal Results Week as Melio Bet Comes Into View
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Xero Shares Face Pivotal Results Week as Melio Bet Comes Into View

Xero Limited is set for a crucial week, as the ASX-listed accounting software player prepares to deliver FY26 full-year results on May 14. Investors will also be watching for fresh details on Melio and its U.S. operations. This marks the first time the company’s scheduled earnings will reflect the AI and U.S. payments roadmap it outlined back in February. This timing lands after a steep reset in the stock. Xero closed at A$83.56 on May 8, slipping 0.63% that session and nursing a 51.5% loss over the last year. Shares have swung between A$67.93 and A$196.52 during the past 52 weeks, according to Investing.com data.
May 11, 2026
South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play
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South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play

South32 Ltd is pushing to lock in a fresh electricity deal for its Hillside Aluminium smelter by 2029, looking to sidestep the kind of power-price clash that shuttered its Mozal site in Mozambique. At the 30th anniversary celebration for Hillside, Chief Executive Graham Kerr told reporters the Richards Bay operation could keep going “20-30 years” if a competitive power contract materializes, according to Business Day. Timing’s key here. Hillside’s cut-rate Eskom contract wraps up in 2031, and smelters can’t run without big, reliable power—cheap juice is non-negotiable if you want to stay in the game. On March 15, South32 shuttered Mozal, moving it to care and maintenance after it couldn’t lock in enough low-cost electricity, according to Reuters.
May 10, 2026
Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan
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Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan

Santos Limited opened the week under scrutiny, as investors sized up the company’s LNG ambitions against fresh domestic policy headwinds. Shares last changed hands at A$7.52, marking a 1.44% dip before Friday’s close in Sydney. LNG refers to natural gas cooled to liquid for easier transport by tanker. Canberra’s domestic gas reservation plan is front and center. Starting July 1, 2027, exporters will be required to direct an amount of gas equal to 20% of their exports into the Australian market, according to the government. Contracts secured before Dec. 22, 2025, won’t be affected.
May 10, 2026
Longi’s First Finland Battery Goes Live as Nordic Storage Race Heats Up
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Longi’s First Finland Battery Goes Live as Nordic Storage Race Heats Up

Longi Green Energy Technology has rolled out its first energy storage system in Finland—a modest 2 MW/4 MWh battery, but one that's drawing attention thanks to its integration with the Söderby Solpark solar installation on the Åland Islands. According to Longi Energy Storage, the BESS works alongside a 4 MW solar array on site. Capacity is 4 MWh, a figure that tracks the total electricity the battery can hold. Timing is critical as Finland ramps up weather-dependent energy sources and needs batteries to manage volatile supply. By early February, roughly 1,050 MW of storage had been plugged into the Finnish grid, grid operator Fingrid said. The company also cautioned that new battery sites need to be chosen carefully to prevent
May 10, 2026
Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit
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Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit

Lynas Rare Earths Limited finds itself under renewed scrutiny this week after a top U.S. official confirmed Washington’s rare-earths agreement with China still stands, just as President Donald Trump prepares to meet Chinese President Xi Jinping in Beijing. The stakes are high for Lynas: supply uncertainty from China is what keeps buyers focused on rare-earths suppliers outside the country. This is the sticking point right now. Lynas operates in a rare earths market where these metals—vital for magnets, electronics, EVs, and defense—are as much about policy leverage as they are about supply and demand. The company owns the Mt Weld mine in Western Australia and a key processing facility in Malaysia, and calls itself the only major supplier of separated
May 10, 2026
QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why
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QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why

QBE Insurance Group left its 2026 guidance unchanged after reporting first-quarter gross written premium up 11% to US$9.2 billion. The Sydney-based insurer’s top line looked solid, but investors seemed unconvinced by the headline figure. The company is sticking to its forecast for mid-single-digit premium growth on a constant-currency basis and maintains its group combined operating ratio target at roughly 92.5% for the year. This update is timely, as the pricing cycle shows signs of waning. QBE logged group premium rate hikes of roughly 2% for the quarter, but also pointed to stiffening competition in commercial property and at Lloyd’s—the specialist insurance market where global insurers handle intricate risks.
May 10, 2026
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