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Indian billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner India's richest businessmen, led by rivals Mukesh Ambani and Gautam Adani, will join G20 leaders at a dinner in the capital on Saturday, as the South Asian nation showcases its position as the world's fastest growing major economy. Prime Minister Narendra Modi has sought to wield leadership of the G20 grouping of the world's most powerful economies to promote India as a destination for trade and investment, particularly as China's economy slows. U.S. President Joe B...
Indian billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner
Indian billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner
Source: Reuters
6/09/2023 3:21:56 PM
PM Narendra Modi scheduled to attend United Nations General Assembly in September  Prime Minister Narendra Modi is scheduled to attend the high-level annual meeting of the UN General Assembly in September, according to the roster of speakers released by the office of the Assembly president. The tentative roster has him speaking on September 22 between 3 p.m. and 9 p.m. local time (12:30 a.m. and 6:30 a.m. in India on September 23), but it is likely to be changed to a more hospitable time for viewers in India. This will be his second visit to the UN and the US th...
PM Narendra Modi scheduled to attend United Nations General Assembly in September
PM Narendra Modi scheduled to attend United Nations General Assembly in September
Source: IANS
19/07/2023 10:09:02 AM
Recep Tayyip Erdogan says ready to host Vladimir Putin in August Turkish President Recep Tayyip Erdogan he is ready to host his Russian counterpart Vladimir Putin in Ankara next month for talks on several issues. "We are preparing to host Putin in August," Erdogan told reporters in Istanbul. According to Erdogan, one of the key issues expected on the agenda of the two leaders' talks is whether the Black Sea Grain Initiative will be prolonged, reports Xinhua news agency. The deal, brokered by Turkey and the UN that allows Ukraine to e...
Recep Tayyip Erdogan says ready to host Vladimir Putin in August
Recep Tayyip Erdogan says ready to host Vladimir Putin in August
Source: IANS
15/07/2023 11:03:50 AM
Oil rises on supply worries, U.S. summer demand hopes Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions, as well as U.S. demand hopes ahead of the summer driving season. By 0041 GMT, Brent crude futures had climbed 37 cents to $74.55 a barrel, while U.S. West Texas Intermediate (WTI) futures rose 42 cents to $69.79 a barrel. On Monday, Brent had climbed 0.5% and the WTI 0.3%. A clash between Moscow and Russian mercenary group Wagner was averted on Saturday after the...
Oil rises on supply worries, U.S. summer demand hopes
Oil rises on supply worries, U.S. summer demand hopes
Source: Reuters
27/06/2023 9:55:58 AM
Dollar holds firm ahead of U.S. durable goods, housing data The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders looked ahead to U.S. data that may determine the timing of interest rate hikes. Russian President Vladimir Putin said on Monday he let an aborted mutiny go on as long as it did to avoid bloodshed, a crisis that pushed the greenback to a 15-month high against the rouble. The dollar index rose 0.04% to 102.770. The rouble was flat at 84.40 per dollar after hitting its weakest leve...
Dollar holds firm ahead of U.S. durable goods, housing data
Dollar holds firm ahead of U.S. durable goods, housing data
Source: Reuters
27/06/2023 9:29:46 AM
Gold flat as Russia jitters, hawkish Fed outlook weigh Gold prices were flat on Tuesday, hovering slightly above their three-month lows, while the U.S. dollar strengthened as traders looked to hedge against a political turmoil in Russia and the Federal Reserve's hawkish outlook. FUNDAMENTALS * Spot gold held its ground at $1,923.94 per ounce by 0114 GMT, while U.S. gold futures were also listless at $1,933.90. * The dollar index edged up 0.1%, making greenback-priced bullion less attractive for overseas buyers. [USD/] * Investors ...
Gold flat as Russia jitters, hawkish Fed outlook weigh
Gold flat as Russia jitters, hawkish Fed outlook weigh
Source: Reuters
27/06/2023 9:25:06 AM
Oil climbs on concerns Russia political issues may impact supply. Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers. Brent and U.S. West Texas intermediate crude (WTI) futures were both up 0.4% on Monday, paring some gains after rising as much as 1.3% in early Asian trade. Brent was trading 27 cents higher at $74.12 a barrel at 0234 GMT, while WTI was up 28 cents at $69.44 a barrel. A...
Oil climbs on concerns Russia political issues may impact supply.
Oil climbs on concerns Russia political issues may impact supply.
Source: Reuters
26/06/2023 9:41:57 AM
Oil firm, stocks wobbly after short-lived Russian mutiny Oil was slightly higher on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, while stocks lacked direction as investors waited for more clarity around the situation. Brent crude futures were last up 0.4% at $74.14 having earlier drifted as high as $74.80. MSCI's index of Asia-Pacific shares outside Japan dipped to a three-week low before floating around either side of flat. Japan's Nikkei bounced around, too, and was last trading fl...
Oil firm, stocks wobbly after short-lived Russian mutiny
Oil firm, stocks wobbly after short-lived Russian mutiny
Source: Reuters
26/06/2023 9:26:53 AM
Russia says trade with China expected to hit record $200 bn in 2023 Trade between Russia and China is expected to hit a new record level of $200 billion this year, according to Russian Prime Minister Mikhail Mishustin during his trip to China, as Moscow faces growing isolation from the West, local media reported. Russia has been hit by unprecedented Western sanctions since it unleashed a devastating war against Ukraine and has been shut out of much of the global economy, CNN reported. But China, which has declared "no limits" to its friendship...
Russia says trade with China expected to hit record $200 bn in 2023
Russia says trade with China expected to hit record $200 bn in 2023
Source: IANS
24/05/2023 6:24:59 PM
Russia plans to export up to 60mn tonne of grain this year Russia plans to export up to 60 million tonne of grain in the current agricultural year, Russian President Vladimir Putin said at a meeting on spring fieldwork. According to a press statement issued by the Kremlin, Putin added on Thursday that by the end of the agricultural year 2022-2023 (from July 1, 2022 to June 30, 2023), Russian grain exports are expected to reach about 55 to 60 million tonne. The Russian President noted that despite the barriers in foreign trade, Russia was able t...
Russia plans to export up to 60mn tonne of grain this year
Russia plans to export up to 60mn tonne of grain this year
Source: IANS
19/05/2023 10:42:10 AM
Russian, Kyrgyz Presidents agree to boost military cooperation Russian President Vladimir Putin and Kyrgyz President Sadyr Zhaparov have agreed to deepen military and military technical cooperation in a joint statement issued by the leaders following their talks in Moscow. After discussing issues related to ensuring security in the Central Asian region, in the context of joint counteraction against external challenges and threats, both leaders confirm on Monday their readiness to further deepen military and military technical cooperation, Xinhua news ...
Russian, Kyrgyz Presidents agree to boost military cooperation
Russian, Kyrgyz Presidents agree to boost military cooperation
Source: IANS
9/05/2023 9:45:50 AM
Turkey joins nuclear power club with Akkuyu plant: Recep Tayyip Erdogan Turkey has joined the club of nuclear power countries with the nuclear fuel delivery into the first power unit of the Akkuyu power plant, President Recep Tayyip Erdogan said. "With the delivery of nuclear fuel by sea and air to our plant, Akkuyu has now acquired the nuclear power plant status. Therefore, our country has risen to the league of countries with nuclear power, albeit after 60 years of delay," Erdogan said at a ceremony via video link, joined by his Russian counterpart...
Turkey joins nuclear power club with Akkuyu plant: Recep Tayyip Erdogan
Turkey joins nuclear power club with Akkuyu plant: Recep Tayyip Erdogan
Source: IANS
28/04/2023 5:46:27 PM
Russian rouble falls to its lowest value for a year  The Russian rouble has fallen to its lowest value for a year, since shortly after Russia invaded Ukraine, according to a media report. The currency slid to 82 roubles against the US dollar on the Moscow Stock Exchange (MOEX), BBC reported. Russia has been hit with massive economic sanctions since it began an offensive in Ukraine in February 2022. Earlier this year, Russia had said its economy shrank by 2.1 per cent, far less than the 15 per cent fall that had been predicted, BBC r...
Russian rouble falls to its lowest value for a year
Russian rouble falls to its lowest value for a year
Source: IANS
8/04/2023 9:32:16 AM
Russia`s Rosneft signs deal to boost oil supplies to India Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday. The deal was signed during a working trip to India by Rosneft CEO Igor Sechin, the company said. It did not reveal the details of the agreement. "The parties also discussed ways of expanding cooperation between Rosneft Oil Company and Indian companies in the e...
Russia`s Rosneft signs deal to boost oil supplies to India
Russia`s Rosneft signs deal to boost oil supplies to India
Source: Reuters
29/03/2023 4:25:30 PM
Russia ready to switch to yuan in foreign trade: President Vladimir Putin  Russia is ready to increase settlements in yuan in its foreign trade, President Vladimir Putin said during talks with his Chinese counterpart Xi Jinping. "We are for the use of Chinese yuan in settlements between Russia and the countries of Asia, Africa, and Latin America. I am sure that these forms of settlements in yuan will be developed between Russian partners and their counterparts in third countries," RT News quoted Putin as saying. Two thirds of current trade betw...
Russia ready to switch to yuan in foreign trade: President Vladimir Putin
Russia ready to switch to yuan in foreign trade: President Vladimir Putin
Source: IANS
22/03/2023 12:40:56 PM
Putin may attend G20 summit in India in September Russian President Vladimir Putin is likely to attend the G20 summit in September in Delhi, reports citing officials said. As per reports, the Kremlin is working to clear Putin's schedule to make it possible for the Russian President to participate after he had to skip the last two summits. Reports said that even as the Kremlin is currently considering this, no decision has been taken in this regard. No official confirmation has been issued in this regard, even though India has fo...
Putin may attend G20 summit in India in September
Putin may attend G20 summit in India in September
Source: IANS
12/03/2023 9:40:04 AM
Putin lauds gas giant Gazprom, says Asian demand will soar  President Vladimir Putin on Friday lauded Russia's natural gas giant, vowing that Gazprom would thrive despite attempts by the West to cut its clout as demand for gas would rise in Asia. Since Putin sent troops into Ukraine, the world's largest natural gas company has grappled with sharply lower gas sales to Europe as the West seeks to reduce dependence on Russian energy and reduce Russian budget revenues. Gazprom, which holds about 15% of global reserves and employs about...
Putin lauds gas giant Gazprom, says Asian demand will soar
Putin lauds gas giant Gazprom, says Asian demand will soar
Source: Reuters
17/02/2023 4:53:39 PM
Oil dips as China COVID spike dampens demand outlook Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world's largest crude oil importer. Brent futures for February fell 26 cents, or 0.3%, to $83.00 a barrel by 0430 GMT, while U.S. crude fell 26 cents, or 0.3%, to $78.70 a barrel. The scale of the latest outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors, even as China began dismantling the world's strictest ...
Oil dips as China COVID spike dampens demand outlook
Oil dips as China COVID spike dampens demand outlook
Source: Reuters
29/12/2022 9:00:40 AM
Oil prices inch higher on China demand optimism Oil prices edged higher on Wednesday on hopes of a recovery in fuel demand as China continues to ease its COVID-19 restrictions, though gains were capped by recession concerns and restarts at some U.S. energy plants shut by winter storms. Brent futures for February delivery rose 9 cents, or 0.1%, to $84.42 a barrel, by 0406 GMT. U.S. crude advanced 10 cents, or 0.1%, to $79.63 per barrel. Amid the optimistic market mood, both benchmarks hit their highest level in three weeks on Tuesday. ...
Oil prices inch higher on China demand optimism
Oil prices inch higher on China demand optimism
Source: Reuters
28/12/2022 9:04:15 AM
Global shares ease as central bank rate hikes loom Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto hefty pace of increases in borrowing costs will finally show signs of easing. Oil prices rose as a key pipeline supplying the United States remained shut, while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. The dollar rose against the Japanese yen but ...
Global shares ease as central bank rate hikes loom
Global shares ease as central bank rate hikes loom
Source: Reuters
12/12/2022 3:21:07 PM
Recep Tayyip Erdogan, Vladimir Putin discuss grain deal, Syrian security Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin discussed Turkey-Russia relations, including the exports through the Black Sea grain corridor and the fight against terrorism along the Turkish-Syrian border, Turkey's presidency said in a statement. Erdogan told Putin in a phone call that the grain deal ensured over 13 million ton of grain reaching those in need, noting that they could start "working on the export of different food products and grad...
Recep Tayyip Erdogan, Vladimir Putin discuss grain deal, Syrian security
Recep Tayyip Erdogan, Vladimir Putin discuss grain deal, Syrian security
Source: IANS
12/12/2022 12:09:22 PM
Oil gains on uncertainty over U.S. pipeline restart, Russian supplies Oil prices rose more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. Brent crude futures were up 46 cents, or 0.6%, at $76.56 a barrel by 0500 GMT. U.S. West Texas Intermediate crude was at $71.59 a barrel, up 57 cents, or 0.8%. The price gains on Monday for Brent and WTI follow declines in both grades last week to their lowest since De...
Oil gains on uncertainty over U.S. pipeline restart, Russian supplies
Oil gains on uncertainty over U.S. pipeline restart, Russian supplies
Source: Reuters
12/12/2022 8:50:05 AM
Gold subdued as dollar firms; focus on upcoming Fed meet Gold edged lower on Thursday due to a slight uptick in the dollar, although bullion traded in a narrow range as investors looked to the U.S. Federal Reserve's interest rate hike decision next week. Spot gold was down 0.2% at $1,782.13 per ounce as of 0942 GMT after rising more than 1% on Wednesday. U.S. gold futures eased 0.2% to $1,793.70. The dollar index rose 0.2% against its rivals, making gold more expensive for other currency holders. [USD/] "Gold appears to be stea...
Gold subdued as dollar firms; focus on upcoming Fed meet
Gold subdued as dollar firms; focus on upcoming Fed meet
Source: Reuters
8/12/2022 9:32:18 AM
Oil up as markets weigh China demand concerns, Russia price cap uncertainty Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 41 cents, or 0.48%, to trade at $85.75 a barrel at 0730 GMT. U.S. West Texas Intermediate (WTI) crude futures went up by 57 cents, or 0.73%, from Wednesday's close to $78.51 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday. Both contracts were st...
Oil up as markets weigh China demand concerns, Russia price cap uncertainty
Oil up as markets weigh China demand concerns, Russia price cap uncertainty
Source: Reuters
25/11/2022 8:51:49 AM
Proposed G7 oil price cap to have little immediate impact on Russian revenue The Group of Seven (G7) nations' proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues, as it is broadly in line with what Asian buyers are already paying, five industry sources with direct knowledge of the purchases said on Wednesday. The goal of the price cap is to deprive Russian President Vladimir Putin of revenue to fund the military offensive in Ukraine, without causing major disruption to global oil markets that would d...
Proposed G7 oil price cap to have little immediate impact on Russian revenue
Proposed G7 oil price cap to have little immediate impact on Russian revenue
Source: Reuters
24/11/2022 11:20:36 AM
Dollar gains with bond yields up, Fed in focus The dollar gained slightly on Friday and remained on track for its largest weekly gain in over a month as investors eyed rising bond yields and continued to make bets on the U.S. Federal Reserve's interest rate hiking path. The U.S. currency gained steam as the session wore on and was up against the euro and the yen but was down slightly against sterling, which regained some lost ground after a volatile session on Thursday following Britain's latest budget. In the United States ...
Dollar gains with bond yields up, Fed in focus
Dollar gains with bond yields up, Fed in focus
Source: Reuters
19/11/2022 9:14:45 AM
G20 leaders adopt PM Narendra Modi`s message to Vladimir Putin as Bali Declaration G20 leaders in Bali on Wednesday literally endorsed Prime Minister Narendra Modi's message to Russian President Vladimir Putin, that "Today's era must not be of war". Adopted as Bali Declaration at the end of the G20 summit in the Indonesian city, it can be considered as a diplomatic success for India, as this was the message which Modi had conveyed to Putin during the Shanghai Cooperation Organisation (SCO) meeting in Uzbekistan in September this year. The declaration...
G20 leaders adopt PM Narendra Modi`s message to Vladimir Putin as Bali Declaration
G20 leaders adopt PM Narendra Modi`s message to Vladimir Putin as Bali Declaration
Source: IANS
17/11/2022 9:08:59 AM
Joe Biden meets Joko Widodo, Prime Minister Narendra Modi, the current and next G-20 chairs Leaders of India, the US, and Indonesia on Tuesday reaffirmed their commitment to the G-20 as the premier body for global economic cooperation and discussed ways to use it to tackle climate change, food and energy crisis and other significant challenges facing the world. Prime Minister Narendra Modi, US President Joe Biden and Indonesia's President Joko Widodo met on the sidelines of the ongoing G-20 summit in Bali in Indonesia, which is the outgoing chair of the group. India takes ove...
Joe Biden meets Joko Widodo, Prime Minister Narendra Modi, the current and next G-20 chairs
Joe Biden meets Joko Widodo, Prime Minister Narendra Modi, the current and next G-20 chairs
Source: IANS
16/11/2022 3:00:38 PM
India`s Prime Minister Narendra Modi calls for diplomacy to end Russia-Ukraine conflict  India Prime Minister Narendra Modi on Tuesday urged a return to diplomacy to end the Russia-Ukraine war, reiterating the South Asian nation's call for peace in the ongoing conflict. India has not condemned Moscow's invasion of Ukraine, but Modi told Russian President Vladimir Putin in September that "today's era is not an era of war". "I have repeatedly said that we have to find a way to return to the path of ceasefire and diplomacy in Ukraine," Mod...
India`s Prime Minister Narendra Modi calls for diplomacy to end Russia-Ukraine conflict
India`s Prime Minister Narendra Modi calls for diplomacy to end Russia-Ukraine conflict
Source: Reuters
15/11/2022 2:34:18 PM
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen US Treasury Secretary Janet Yellen on Friday described the timing of her visit to India at "a pivotal moment for the global economy" when the world is dealing with lingering effects of the Covid-19 pandemic and spillovers from Russian President Vladimir Putin's "barbaric war" in Ukraine. Speaking after visiting the Microsoft campus in Noida, Yellen said: "We are dealing with a confluence of headwinds. The lingering effects of the pandemic, spillovers from Putin...
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Source: IANS
11/11/2022 1:40:55 PM
India's ONGC eyes stake in Russian entity managing Sakhalin 1 - sources  India's Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east as it seeks to retain a 20% share in the asset, three sources familiar with the matter said. Russian President Vladimir Putin earlier this month issued a decree to establish a new operator for the ExxonMobil-led project and authorised the Kremlin to decide whether foreign shareholders could retain stakes in Sakhalin 1. "ONGC Videsh will ...
India's ONGC eyes stake in Russian entity managing Sakhalin 1 - sources
India's ONGC eyes stake in Russian entity managing Sakhalin 1 - sources
Source: Reuters
18/10/2022 9:22:43 AM
Oil takes a breather, eases off 5-week highs Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts and ahead of the European Union embargo on Russian oil. Brent crude futures fell 81 cents, or 0.8%, to $97.11 a barrel by 0131 GMT while West Texas Intermediate crude was at $91.88 a barrel, down 76 cents, or 0.8%. Both contracts touched their highest since Aug. 30 earlier in the session but gave up gains, slipping...
Oil takes a breather, eases off 5-week highs
Oil takes a breather, eases off 5-week highs
Source: Reuters
10/10/2022 8:52:05 AM
Russia backs India for permanent seat on UNSC calling it key international actor Russia's Foreign Minister Sergey Lavrov has endorsed India for a permanent seat on the Security Council calling it a key international actor. "The Council and UN have to be aligned to contemporary realities," he said on Saturday at the high-level meeting of the General Assembly. "We see the prospect of making the Security Council more democratic exclusively, through broadening the representation of the countries from Africa, Asia and Latin America," he said. ...
Russia backs India for permanent seat on UNSC calling it key international actor
Russia backs India for permanent seat on UNSC calling it key international actor
Source: IANS
25/09/2022 10:27:55 AM
India's Russian thermal coal imports set to fall for first time in 4 months  India's thermal coal imports from Russia are expected to fall for the first time in four months in September, two research consultancies said, potentially resulting in lower revenues for Moscow at a time it is mobilising more troops to fight in Ukraine. Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes, it said in a note to clients. London-based analytics firm DBX Commodities estimates Indian shipmen...
India's Russian thermal coal imports set to fall for first time in 4 months
India's Russian thermal coal imports set to fall for first time in 4 months
Source: Reuters
23/09/2022 8:58:16 AM
Gold regains some poise on latest Russia jitters; focus on Fed Gold rose on Wednesday after Russian President Vladimir Putin's partial mobilisation announcement re-ignited some safe-haven interest in bullion, although a strong dollar and expected U.S. rate hikes capped gains. Spot gold was up 0.7% at $1,673.91 per ounce as of 1004 GMT. U.S. gold futures rose 0.7% to $1,682.60. Putin said he had signed a decree on partial mobilisation beginning on Wednesday, saying he was defending Russian territories and that the West wanted to destroy the coun...
Gold regains some poise on latest Russia jitters; focus on Fed
Gold regains some poise on latest Russia jitters; focus on Fed
Source: Reuters
21/09/2022 4:17:00 PM
India, Russia to discuss energy security as oil, coal trade soars  India and other members of the Shanghai Cooperation Organisation (SCO) will discuss energy security at the regional security bloc's meeting in Uzbekistan, India's foreign secretary Vinay Kwatra said on Thursday. The two-day summit in the Silk Road city of Samarkand will be attended by Prime Minister Narendra Modi, Chinese Premier Xi Jinping, Russian President Vladimir Putin and Pakistan Prime Minister Shehbaz Sharif, among others. It coincides with a sharp rise in Indian i...
India, Russia to discuss energy security as oil, coal trade soars
India, Russia to discuss energy security as oil, coal trade soars
Source: Reuters
15/09/2022 4:52:37 PM
Saudi overtakes Russia to be India's No. 2 oil supplier in August Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed. India, the world's third biggest oil importer and consumer, shipped in 863,950 barrels per day (bpd) of crude from Saudi Arabia, up 4.8% from the previous month, while purchases from Russia fell 2.4% to 855,950 bpd, the data showed. Despite Saudi's gain, the share of ...
Saudi overtakes Russia to be India's No. 2 oil supplier in August
Saudi overtakes Russia to be India's No. 2 oil supplier in August
Source: Reuters
15/09/2022 1:00:15 PM
Russia-India trade more than doubles this year, says Kremlin ahead of SCO summit Ahead of the Shanghai Cooperation Organization (SCO) Summit this week where Russian President Vladimir Putin will meet Indian Prime Minister Narendra Modi on the sidelines, the Kremlin said that trade turnover between New Delhi and Moscow has soared nearly 120 per cent so far this year. "Our relations are actively developing, the trade has also increased significantly with supplies of Russian oil, coal and fertilizers increasing," RT news quoted Kremlin foreign policy spokesman Y...
Russia-India trade more than doubles this year, says Kremlin ahead of SCO summit
Russia-India trade more than doubles this year, says Kremlin ahead of SCO summit
Source: IANS
14/09/2022 5:26:35 PM
Bond yields fall over 18 bps because of cooling inflation, easing oil prices The yield on benchmark government bonds fell sharply in last few weeks, by over 18 basis points, due to cooling inflation and falling Brent crude oil prices in the international market. The yield on 10-year benchmark 6.54 per cent-2032 bond yield, which was trading at 7.32 per cent in the last month, has eased to 7.13 per cent this month. "Besides crude oil prices easing out, there is an expectation of Indian Bond Index inclusion very soon. This news has created a positive vibe amo...
Bond yields fall over 18 bps because of cooling inflation, easing oil prices
Bond yields fall over 18 bps because of cooling inflation, easing oil prices
Source: IANS
10/09/2022 12:55:04 PM
Oil settles below $90 as recession fears mount Oil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia's invasion of Ukraine as downbeat Chinese trade data fed investor worries about recession risks. Brent crude futures settled down $4.83 to $88 a barrel, falling below $90 a barrel for the first since Feb. 8. U.S. West Texas Intermediate crude settled down by $4.94, or 5.7%, to $81.94, its lowest since January. "Right now the market is basing its concerns about what will happen due to sharp...
Oil settles below $90 as recession fears mount
Oil settles below $90 as recession fears mount
Source: Reuters
8/09/2022 9:16:31 AM
Oil prices fall further as China extends COVID curbs Oil prices fell on Thursday, extending sharp losses from the previous session, as China's extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand. Brent crude futures lost 40 cents, or 0.4%, to $87.60 per barrel by 1002 GMT, near a late-January low. U.S. crude futures were down 41 cents, or 0.5%, at $81.53 a barrel, near a mid-January low. Saxo Bank analyst Ole Hansen said the decline was &qu...
Oil prices fall further as China extends COVID curbs
Oil prices fall further as China extends COVID curbs
Source: IANS
8/09/2022 8:50:35 AM
Russia`s defence ministry signs deals for Sarmat ballistic missiles, S-500 The Russian Defence Ministry signed contracts on the delivery of Sarmat intercontinental ballistic missiles and S-500 air defence systems for Russian troops. The contract on the production and delivery of Sarmat missiles was signed by Deputy Defence Minister Alexei Krivoruchko and CEO of the Makeyev State Rocket Center Vladimir Degtyar at the Army 2022 international military-technical forum, Xinhua news agency reported, citing the TASS news agency. The deal for the supply of the latest ...
Russia`s defence ministry signs deals for Sarmat ballistic missiles, S-500
Russia`s defence ministry signs deals for Sarmat ballistic missiles, S-500
Source: IANS
17/08/2022 12:26:26 PM
India expects $8-$9 billion in trade with Russia and Sri Lanka in two months  India expects bilateral trade worth $8-9 billion with Russia and Sri Lanka in the next two months after it allowed international trade in rupees, India's trade secretary said. The Reserve Bank of India last month allowed importers and exporters to pay in the partially convertible rupee, a move widely seen as making trade with Russia and South Asian neighbours easier instead of relying on dollars. "The rupee-denominated sales will be a big, big advantage," B.V.R. Subr...
India expects $8-$9 billion in trade with Russia and Sri Lanka in two months
India expects $8-$9 billion in trade with Russia and Sri Lanka in two months
Source: IANS
4/08/2022 9:35:41 AM
Russian gas shutdown would send some EU countries into recession: IMF  A total shutdown of Russian gas supply would reduce GDP in the most vulnerable EU countries by as much as 6 per cent and send them plunging into recession, the International Monetary Fund has warned, media reports said. Amid speculation that Russian President Vladimir Putin will keep the Nord Stream 1 pipeline closed when routine annual maintenance ends later this week, the IMF said Europe lacked a comprehensive plan to cope with shortages, further increases in energy prices and the ...
Russian gas shutdown would send some EU countries into recession: IMF
Russian gas shutdown would send some EU countries into recession: IMF
Source: IANS
19/07/2022 8:43:15 PM
Oil slides on China COVID worries -Oil prices fell on Monday in volatile trade, reversing most of the previous session's gains as markets braced for a demand expected from mass testing for COVID-19 in China, which outweighed ongoing concern over tight supply. Brent crude futures fell $1.63, or 1.5%, to $105.39 by 1100 GMT after climbing 2.3% on Friday. U.S. West Texas Intermediate (WTI) crude futures declined by $2.17, or 2.1%, to $102.62, paring a 2% gain from Friday. The market was rattled by news that China had d...
Oil slides on China COVID worries
Oil slides on China COVID worries
Source: Reuters
11/07/2022 8:33:55 AM
Why India ramped up Russian oil imports, easing pressure on Moscow Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression. Indian refiners have done the opposite, snapping up more Russian crude while the government explores ways to protect domestic oil firms from punishment should they fall foul of sanctions. The result has been a huge leap in volumes from Russia. In May, India imported 819,000 barrels per day (bpd), from 277,000 bpd in April ...
Why India ramped up Russian oil imports, easing pressure on Moscow
Why India ramped up Russian oil imports, easing pressure on Moscow
Source: Reuters
8/07/2022 3:34:21 PM
PM Narendra Modi calls for mutual cooperation for post-Covid economic recovery The BRICS member nations have a similar approach to the governance of global economy and mutual cooperation can make a useful contribution to the post-Covid economic recovery, Prime Minister Narendra Modi said on Thursday. "We, the BRICS member countries, have had a very similar view on the governance of the global economy. So our mutual cooperation can make a useful contribution to post-Covid global recovery," Modi said in his opening remarks at the virtual 14th BRICS Summit on ...
PM Narendra Modi calls for mutual cooperation for post-Covid economic recovery
PM Narendra Modi calls for mutual cooperation for post-Covid economic recovery
Source: IANS
24/06/2022 9:40:31 AM
Eurasian Economic Union seeks to expand int'l cooperation Russian President Vladimir Putin said that his country supports the initiative to extend an interim free trade agreement between the Eurasian Economic Union (EAEU) and Iran until a new deal is reached. Negotiations are actively underway on a full-fledged free trade agreement between the EAEU and Iran to replace the current temporary pact of 2018, Putin said on Friday during an online meeting of the Supreme Eurasian Economic Council, the economic block's highest governing body. Due t...
Eurasian Economic Union seeks to expand int'l cooperation
Eurasian Economic Union seeks to expand int'l cooperation
Source: IANS
28/05/2022 9:47:35 AM