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Dalai Lama welcomes G7 leaders for `world without nuclear weapons` Tibetan spiritual leader the Dalai Lama on Tuesday welcomed the recent statement from the G7 Leaders' summit in Hiroshima, calling for a "world without nuclear weapons". "This joint statement reflects the reality that we live in an increasingly interdependent world, and represents an opportunity to make this 21st century an era of peace and cooperation. "As an avowed campaigner for demilitarization throughout the world and the elimination of all nuclear weapons, ...
Dalai Lama welcomes G7 leaders for `world without nuclear weapons`
Dalai Lama welcomes G7 leaders for `world without nuclear weapons`
Source: IANS
23/05/2023 6:01:18 PM
PM Narendra Modi meets Brazilian President Lula, discusses bilateral strategic partnership Prime Minister Narendra Modi on Sunday met Brazilian President Inacio Lula da Silva in Japan's Hiroshima and discussed the bilateral strategic partnership, especially in sectors of defence production, trade and renewable energy. Modi and Lula met on the sidelines of the summit of the G7 advanced economies in Hiroshima. "The talks with President Lula were productive and wide-ranging. India and Brazil will keep working together to deepen trade ties. We also discussed diversifying...
PM Narendra Modi meets Brazilian President Lula, discusses bilateral strategic partnership
PM Narendra Modi meets Brazilian President Lula, discusses bilateral strategic partnership
Source: IANS
21/05/2023 2:15:25 PM
G7 agrees to short-term gas investments amidst Russia-Ukraine war The G7 leaders on Saturday agreed to stronger language on short-term gas investments in the context of Russia's ongoing war against Ukraine and the resulting energy crisis. "We stress the important role that increased deliveries of LNG can play, and acknowledge that investment in the sector can be appropriate in response to the current crisis and to address potential gas market shortfalls provoked by the crisis," reads the text. The text makes clear these investments must ...
G7 agrees to short-term gas investments amidst Russia-Ukraine war
G7 agrees to short-term gas investments amidst Russia-Ukraine war
Source: IANS
21/05/2023 10:03:08 AM
G7 issues joint statement day before summit ends The G7 leaders have rushed to release a joint statement at their ongoing annual summit in Japan's western city of Hiroshima. The G7 Hiroshima Leaders' statement was suddenly issued with one single version in English on Saturday afternoon, followed by two revised versions sent to on-site media by Japan's foreign ministry as of 8 p.m. local time. It was an unusual move to release the document ahead of schedule as the three-day gathering will conclude on Sunday, local media rep...
G7 issues joint statement day before summit ends
G7 issues joint statement day before summit ends
Source: IANS
21/05/2023 9:33:12 AM
Oil little changed as demand worries spur caution Oil prices were little changed on Wednesday as traders remained cautious after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China. Brent crude futures slipped 3 cents to $74.88 a barrel. U.S. West Texas Intermediate crude edged down 2 cents to $70.84 as of 0222 GMT. "Crude prices remain heavy as energy traders just can't shake off global demand concerns. It doesn't matter how u...
Oil little changed as demand worries spur caution
Oil little changed as demand worries spur caution
Source: Reuters
17/05/2023 9:14:37 AM
G7 finance chiefs address global economic uncertainty as US debt crisis looms Group of Seven (G7) finance chiefs on Saturday warned of heightened uncertainty and vowed to take actions to ensure financial stability amid concerns following US bank failures. In a joint statement issued after their meeting in the Japanese city of Niigata, the G7 finance ministers and central bank governors said they "need to remain vigilant and stay agile and flexible in our macroeconomic policy amid heightened uncertainty about the global economic outlook." The three-day g...
G7 finance chiefs address global economic uncertainty as US debt crisis looms
G7 finance chiefs address global economic uncertainty as US debt crisis looms
Source: IANS
13/05/2023 5:48:22 PM
G7 plans new vaccine program for developing nations -Yomiuri The Group of Seven (G7) rich nations is set to agree on establishing a new program to distribute vaccines to developing countries at next week's summit of leaders, Japan's Yomiuri newspaper said on Saturday. In addition to the G7, G20 nations such as India and international groups such as the World Health Organization (WHO) and the World Bank will participate, it added, citing Japanese government sources. During the COVID-19 pandemic, the COVAX facility, backed by WHO and the Gl...
G7 plans new vaccine program for developing nations -Yomiuri
G7 plans new vaccine program for developing nations -Yomiuri
Source: Reuters
13/05/2023 9:54:04 AM
Finance Minister stresses on dilemmas faced by emerging markets between climate security and growth Finance Minister Nirmala Sitharaman on Friday underlined the dilemmas faced by emerging markets and developing economies (EMDEs) between climate security and growth, as they manage overlapping crises and socio-economic transformation. Addressing a G7 seminar on economic policies for welfare in Niigata, Japan, the Finance Minister shared that technology improves access for the poor to markets and basic services. She further highlighted that access to digital connectivity has empowered pe...
Finance Minister stresses on dilemmas faced by emerging markets between climate security and growth
Finance Minister stresses on dilemmas faced by emerging markets between climate security and growth
Source: IANS
12/05/2023 1:59:15 PM
In budget response, Australian oppn accuses government of fuelling inflation Australia's opposition leader has charged the federal government with fuelling inflation and making life harder for millions of people. Peter Dutton, leader of the conservative Coalition, on Thursday night delivered his family-focused budget reply speech to the parliament, calling for more investment in women's health and a ban on gambling advertising during sports broadcasts, Xinhua news agency reported. He welcomed the Labor government's move to subsidize more doctor visit...
In budget response, Australian oppn accuses government of fuelling inflation
In budget response, Australian oppn accuses government of fuelling inflation
Source: IANS
12/05/2023 1:12:59 PM
Finance minister Nirmala Sitharaman leaves for Japan to take part in G7 Finance Ministers` meeting  Finance minister Nirmala Sitharaman has embarked on an official two-day visit to Japan's Niigata where she will participate in the "Dialogue with partner countries" at the G7 Finance Ministers/Central Bank Governors (FMCBG) meeting on May 12. During her visit, Sitharaman will also have multilateral and bilateral engagements with her counterparts, besides a roundtable meeting with business leaders and investors, official sources said.  
Finance minister Nirmala Sitharaman leaves for Japan to take part in G7 Finance Ministers` meeting
Finance minister Nirmala Sitharaman leaves for Japan to take part in G7 Finance Ministers` meeting
Source: IANS
11/05/2023 9:21:17 AM
Japan to invite emerging nations to G7 finance leaders` meeting Japan will invite some emerging nations to an outreach meeting at the Group of Seven advanced countries Japan chairs next month in the city of Niigata, Finance Minister Shunichi Suzuki said on Friday. The countries whose finance leaders will be invited to attend the outreach meeting include India, Indonesia, South Korea, Singapore and Brazil, Suzuki said in a post-cabinet meeting news conference. Japan is chair of this year's meeting of G7 advanced economies. The meeting of finance ...
Japan to invite emerging nations to G7 finance leaders` meeting
Japan to invite emerging nations to G7 finance leaders` meeting
Source: Reuters
28/04/2023 8:55:22 AM
Protecting, restoring ecosystem can mitigate climate change impact: Bhupender Yadav Environment Minister Bhupender Yadav on Sunday said that protecting and restoring ecosystems can help reduce the extent of climate change and cope with its impacts. Speaking at the plenary session at the G7 ministers' meeting on climate, energy and environment in Sapporo in Japan, he said it is important that issues related to climate change in tandem with environmental action are dealt with holistically. "We do hope that this is at the core of deliberations of this meeting of ...
Protecting, restoring ecosystem can mitigate climate change impact: Bhupender Yadav
Protecting, restoring ecosystem can mitigate climate change impact: Bhupender Yadav
Source: IANS
16/04/2023 2:23:39 PM
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues` India's unwillingness to agree with the price cap imposed on sale of Russian crude oil has led to payment related difficulties for oil marketing companies like Hindustan Petroleum Corporation Limited (HPCL), industry sources said. The price cap of $60 per barrel on sale of Russian crude was imposed by the G7 group of nations, Australia and the EU on December 5, 2022, and doesn't allow countries to pay more than $60 per barrel for purchasing Russian oil. However, sources claim th...
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
Source: IANS
22/02/2023 9:28:33 AM
Oil rises $3/bbl after Russia signals output cut due to price cap Oil prices settled about $3 per barrel higher on Friday for a second straight week of gains after Moscow said it could cut crude output in response to the G7 price cap on Russian exports. Brent crude settled at $83.92, up by $2.94 or 3.6%, while U.S. West Texas Intermediate (WTI) crude settled at $79.56 a barrel, up $2.07, or 2.7%. Both benchmarks recorded their biggest weekly gains since October. Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA ...
Oil rises $3/bbl after Russia signals output cut due to price cap
Oil rises $3/bbl after Russia signals output cut due to price cap
Source: Reuters
24/12/2022 9:31:27 AM
India sees no hit to fuel exports from EU February 5 action on Russian imports - Oil Secretary Pankaj Jain India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning Feb. 5, oil secretary Pankaj Jain said on Friday. Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February. Some Indian refiners process Russian oil and ship the refined products to the west, including Europe. J...
India sees no hit to fuel exports from EU February 5 action on Russian imports - Oil Secretary Pankaj Jain
India sees no hit to fuel exports from EU February 5 action on Russian imports - Oil Secretary Pankaj Jain
Source: Reuters
17/12/2022 10:07:28 AM
India to remain top buyer of Russia`s Urals crude in December India is taking most of Russia's Urals crude oil loading in December as it remains top buyer for a second month in a row, according to traders and Refinitiv data. Volumes and India's share of the exports are expected to rise month on month despite a shorter loading plan for Russia's Western ports, traders said. In November India accounted for about 53% of the total tanker shipments of the grade - the highest level on the record. India's share may exceed 70% of total l...
India to remain top buyer of Russia`s Urals crude in December
India to remain top buyer of Russia`s Urals crude in December
Source: Reuters
17/12/2022 10:00:35 AM
Noventiq acquires India`s leading Cloud managed services provider G7 CR Technologies India Pvt Ltd Global digital transformation and cybersecurity solutions provider Noventiq on Friday announced it has acquired Cloud managed services provider G7 CR Technologies India Pvt Ltd, one of principal Microsoft partners in the country, for an undisclosed sum, as it aims to have a $1 billion business in the country. This acquisition further strengthens Noventiq's place as the leading player in the market for Microsoft solutions in India, one of the world's fastest growing IT markets. H...
Noventiq acquires India`s leading Cloud managed services provider G7 CR Technologies India Pvt Ltd
Noventiq acquires India`s leading Cloud managed services provider G7 CR Technologies India Pvt Ltd
Source: IANS
16/12/2022 4:05:26 PM
Oil climbs on weaker dollar and supply disruptions Oil rose by more than $1 on Tuesday against a backdrop of supply disruptions and a sharp decline for the U.S. dollar. Brent crude futures were up $1.59, or 2.04%, to $79.58 a barrel by 1438 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1.35, or 1.85%, to $74.52. The U.S. dollar index plunged on Tuesday after data showed that underlying U.S. consumer price inflation rose less than expected last month, reinforcing expectations that the Federal Reserve will slow the pace...
Oil climbs on weaker dollar and supply disruptions
Oil climbs on weaker dollar and supply disruptions
Source: Reuters
13/12/2022 8:32:32 PM
S&P Global Commodity Insights: India snaps up EU`s displaced crude as Russian oil curbs kick in * Russia's seaborne crude exports were little changed in November at just over 3 million b/d after flows to India surged to a record high, absorbing barrels displaced from Europe where imports sank to all-time lows ahead of the EU's Dec. 5 import ban and G7 price cap, according to tanker tracking data. * Seaborne exports of Russian crude averaged 3.07 million b/d in November, according to S&P Global Commodities at Sea data, down from 3.09 million b/d in October and just below t...
S&P Global Commodity Insights: India snaps up EU`s displaced crude as Russian oil curbs kick in
S&P Global Commodity Insights: India snaps up EU`s displaced crude as Russian oil curbs kick in
Source: PR Agency
12/12/2022 5:47:35 PM
Oil drops in volatile trade, records biggest weekly slump in months Oil price settled lower in volatile trading on Friday, with both benchmarks recording their biggest weekly declines in months, as growing recession fears negated any supply woes after weak economic data from China, Europe and the United States. U.S. West Texas Intermediate crude settled 44 cents lower at $71.02 a barrel, a new low for 2022. Brent crude settled 5 cents lower at $76.10 per barrel. "Any concerns about supply are secondary to worries about the economy," Mizuho ana...
Oil drops in volatile trade, records biggest weekly slump in months
Oil drops in volatile trade, records biggest weekly slump in months
Source: Reuters
9/12/2022 6:40:33 PM
Oil rebounds from 2022 lows on China demand hopes, tanker delays Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. China on Wednesday announced the most sweeping changes to its resolute anti-COVID regime since the pandemic began, while at least 20 oil tankers faced delays in crossing to the Mediterranean from Russia's Black Sea ports. Brent crude rose 29 c...
Oil rebounds from 2022 lows on China demand hopes, tanker delays
Oil rebounds from 2022 lows on China demand hopes, tanker delays
Source: Reuters
8/12/2022 9:23:52 AM
Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike. But keeping Russian oil on the market and global prices low soon became the bigger priority as oil prices jumped, people familiar with the mechanism's evolution and energy analysts said. The $60-per-barrel price limit on seaborne crude imposed by ...
Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor
Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor
Source: Reuters
7/12/2022 9:46:20 AM
Oil falls close to 2022 lows on economic worries, easing supply fears Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes oil more expensive for holders of other currencies and tends to dampen appetite for risk assets. Brent crude fell $1.05, or 1.3%, to $78.30 a barrel by ...
Oil falls close to 2022 lows on economic worries, easing supply fears
Oil falls close to 2022 lows on economic worries, easing supply fears
Source: Reuters
7/12/2022 9:06:01 AM
Oil prices fall on economic fears, dollar strength Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and the prospects of a demand boost in China. Brent crude futures fell $1.21, or $1.46%, to $81.47 a barrel by 1254 GMT. West Texas Intermediate crude (WTI) fell $1.18, or $1.53%, to $75.75. Brent had risen by over $1 in Asian trading. Crude futures on Monday recorded their biggest daily drop in two weeks after U.S. serv...
Oil prices fall on economic fears, dollar strength
Oil prices fall on economic fears, dollar strength
Source: Reuters
6/12/2022 8:24:07 PM
Stocks slip, dollar up as data challenges Fed pause hopes Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises. MSCI's world index fell 0.3%, led by tech stocks which are often more sensitive to broader shifts in sentiment. Europe's STOXX tech sub index lost 0.3% , Hong Kong listed tech giants fell 1.8% and Korea's tech-heavy KOSPI benchmark shed 1%. The oil ...
Stocks slip, dollar up as data challenges Fed pause hopes
Stocks slip, dollar up as data challenges Fed pause hopes
Source: Reuters
6/12/2022 8:55:12 AM
Oil prices climb after Russian crude sanctions kick in Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's COVID curbs bolstered the demand outlook. Brent crude futures had gained 85 cents to $83.53 a barrel by 0733 GMT. West Texas Intermediate crude (WTI) rose 68 cents to $77.62 a barrel. Crude futures on Monday recorded their biggest daily drop in two weeks, after U.S. service sect...
Oil prices climb after Russian crude sanctions kick in
Oil prices climb after Russian crude sanctions kick in
Source: Reuters
6/12/2022 8:51:28 AM
Oil prices rise as cap set Russian crude Oil prices rose on Monday following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 a barrel, BBC reported. Brent crude added around 1 per cent to above $86 in Asia trading. The move - which could come into force on Monday - raises Western pressure on Russia over the invasion of Ukraine. It comes after oil producers' group Opec+ agreed to stick to its policy to reduce production, amid slower global growth and higher interest rates, B...
Oil prices rise as cap set Russian crude
Oil prices rise as cap set Russian crude
Source: IANS
5/12/2022 12:27:19 PM
G7, allies approve price cap on Russian oil Amid Moscow's ongoing war against Ukraine, the G7 group of nations and its allies have officially approved a $60 per barrel price cap on Russian oil prices, saying it would come into force on December 5 or "very soon thereafter". In a joint statement released early Saturday morning, the G7 and Australia said the decision to impose the price cap, which is meant to affect oil exports worldwide, was taken to "prevent Russia from profiting from its war of aggression against ...
G7, allies approve price cap on Russian oil
G7, allies approve price cap on Russian oil
Source: IANS
3/12/2022 2:21:27 PM
Oil jumps on hopes for easing in China's COVID controls Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country's zero-COVID strategy over the weekend in big Chinese cities. Brent crude futures advanced $1.4, or 1.7%, and traded at $84.57 a barrel at 0645 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.17, or 1.5%, to $78.39 a barrel. Both benchmarks gained more than $2 earlier in the day. China held a news conference on COVID prevention and control meas...
Oil jumps on hopes for easing in China's COVID controls
Oil jumps on hopes for easing in China's COVID controls
Source: Reuters
29/11/2022 9:21:46 AM
India seeks to use global energy challenge as opportunity, says minister India, the world's third biggest oil import, hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable energy, Oil Minister Hardeep Singh Puri said on Thursday, a day after the European Union failed to agree on a Russian oil price cap. India, which rarely used to buy Russian oil because of costly logistics, has emerged as Russia's second biggest oil client after China as some Western entities shunned Moscow purchases followi...
India seeks to use global energy challenge as opportunity, says minister
India seeks to use global energy challenge as opportunity, says minister
Source: Reuters
25/11/2022 9:18:47 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
Oil drops as price cap proposal eases supply concerns Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger than expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices. Brent crude futures dipped 52 cents, or 0.6%, to $84.89 a barrel by 1219 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 15 cents, or 0.2%, to $77.79. Bo...
Oil drops as price cap proposal eases supply concerns
Oil drops as price cap proposal eases supply concerns
Source: Reuters
24/11/2022 8:20:25 PM
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
Shares rise, U.S. Treasury yields drop as Fed minutes suggest slower rate hikes World equities rose while U.S. Treasury yields retreated on Wednesday after minutes of the Federal Reserve's latest policy meeting showed U.S. central bankers looking to soon moderate the pace of interest rate hikes. A "substantial majority" of Fed policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes, the meeting minutes showed. Traders had expected the Fed minutes would affirm officials' softening stance after recent...
Shares rise, U.S. Treasury yields drop as Fed minutes suggest slower rate hikes
Shares rise, U.S. Treasury yields drop as Fed minutes suggest slower rate hikes
Source: Reuters
24/11/2022 9:15:19 AM
Oil drops as Russian price cap proposal eases concerns about tight supply Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations' proposed range for a price cap on Russian oil was higher than current trading levels, alleviating concerns over tight supply. A greater-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China added to downward pressure. Brent crude futures dipped 50 cents, or 0.6%, to $84.91 a barrel by 0702 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell by ...
Oil drops as Russian price cap proposal eases concerns about tight supply
Oil drops as Russian price cap proposal eases concerns about tight supply
Source: Reuters
24/11/2022 9:11:12 AM
Oil prices fall more than $2 on Russian oil price cap talks Oil prices fell by more than $2 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading. Brent crude futures fell $2.71, or 3.07%, to $85.65 a barrel at 1314 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down $2.39, or 2.95%, at $78.56 a barrel. Both contracts rose by more than $1/bbl earlier in the day, but "pared gains following reports that the G7 price cap on Russian oil co...
Oil prices fall more than $2 on Russian oil price cap talks
Oil prices fall more than $2 on Russian oil price cap talks
Source: Reuters
23/11/2022 8:12:40 PM
Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty Oil prices rose in early trade on Wednesday after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. Brent crude futures gained 25 cents, or 0.3%, to $88.61 a barrel at 0101 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4%, to $81.30 a barrel. Both benchmark contracts rose about 1% in the previous session as the United ...
Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty
Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty
Source: Reuters
23/11/2022 9:05:45 AM
`Debt distress, climate action to be main challenges for India as G20 President` Visiting US Treasury Secretary Janet Yellen on Friday said that India is assuming the G20 presidency at an "uncertain time for the global economy" and that addressing debt distress, promoting climate action, evolving the multilateral development banks as well as embracing and shaping the changing economy would be the main challenges the country will face. "In three weeks, India will assume the helm of the G20 at an uncertain time for the global economy. We look forward to su...
`Debt distress, climate action to be main challenges for India as G20 President`
`Debt distress, climate action to be main challenges for India as G20 President`
Source: IANS
11/11/2022 3:17:24 PM
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit Janet Yellen embarks on her first trip to India as U.S. Treasury Secretary on Tuesday, focusing more on the similarities of the world's two largest democracies and opportunities for deeper ties than on past trade and geopolitical spats. Yellen is not expected to dwell on India's failure to condemn Russia's war in Ukraine, nor on India's massive increase in purchases of discounted Russian oil this year. A Treasury official said the United States was not seeking to dissuad...
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit
Source: Reuters
8/11/2022 5:02:03 PM
Stocks turn red with UK bonds in the spotlight  Financial markets made roller-coaster moves on Tuesday with the S&P 500 ending lower, while the dollar gained as jittery investors fled for safety after the Bank of England it would support the UK bond market for just three more days. Investors had already been grappling with a range of uncertainties ahead of key U.S. inflation and earnings reports, the escalating Russia-Ukraine war, and COVID-19 cases in China. Earlier in the day the British central bank said it would continu...
Stocks turn red with UK bonds in the spotlight
Stocks turn red with UK bonds in the spotlight
Source: Reuters
12/10/2022 9:05:46 AM
Oil falls by nearly 2% as recession fears outweigh tight supply prospects Oil prices sank by nearly 2% on Monday, after five straight sessions of gains, as investors worried that economic storm clouds could foreshadow a global recession and erode fuel demand. Brent crude futures settled at $96.19 a barrel, down $1.73, or 1.8%. West Texas Intermediate crude settled at $91.13 a barrel, losing $1.51, 1.6%. Both benchmarks had risen over the previous week largely on expectations of tightening global supply. Oil prices fell amid comments from U.S. Federal Reserve ...
Oil falls by nearly 2% as recession fears outweigh tight supply prospects
Oil falls by nearly 2% as recession fears outweigh tight supply prospects
Source: Reuters
11/10/2022 9:01:25 AM
G7 Meet: India should cooperate but avoid co-option in the pro-west club Two important global events which took place within a week of each other this month: the G7 and the virtually held BRICS summit represent a microcosm of the trends reshaping global geopolitics. The recently concluded G7 meet in Germany and the virtually held 14th BRICS summit evince why the West may be adapting to accommodate the global South, particularly India, at a time when the chinks in the armour of both BRICS and the G7 are glaring. While the BRICS faces an elusive unified positi...
G7 Meet: India should cooperate but avoid co-option in the pro-west club
G7 Meet: India should cooperate but avoid co-option in the pro-west club
Source: IANS
2/07/2022 2:18:48 PM
Explainer-What is a global minimum tax and what will it mean? By Leigh Thomas and David Lawder Finance Ministers from the Group of Seven (G7) rich nations have said they are close to a landmark accord setting a global minimum corporate tax rate, an agreement that could then form the basis of a worldwide deal. Such a deal aims to end what U.S. Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals. WHY A GLOBAL MINIMUM TAX? Major economies are aimi...
Explainer-What is a global minimum tax and what will it mean?
Explainer-What is a global minimum tax and what will it mean?
Source: Reuters
5/06/2021 3:16:03 PM