‘Russia equipped to meet India’s rising crude oil demand’
Russia is prepared to meet India’s rising demand for crude oil, Rosneft CEO Igor Sechin told Oil Minister HS Puri on Monday. Puri met with Sechin on the sidelines of the India Energy Week (IEW) in the IT city. “During this short meeting, Sechin told the Minister that whatever is India’s requirement, they [Russia] are ready to […]
As China and Russia get “closer” and Beijing invests in nuclear weapons, NATO focuses on new “friends”
Tokyo — China’s growing assertiveness and collaboration with Russia poses a threat not only to Asia but also to Europe, NATO Secretary-General Jens Stoltenberg said Wednesday as he sought stronger cooperation and more “friends” for NATO in the Indo-Pacific region. Stoltenberg said China is increasingly investing in nuclear weapons and long-range missiles without providing transparency […]
Oil prices rise as US recession fears over rate hikes ease, dollar weakens
Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world’s largest oil user may face a recession because of further interest rate hikes. Brent crude futures gained 20 cents, or 0.2%, to $85.66 a barrel […]
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards.Norberto Duarte | Afp | Getty ImagesThe International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity.In its latest economic update, the IMF said the global […]
Crude oil futures marginally down on Iran, Russia factors
Crude oil futures traded marginally lower on Monday morning due to factors such as the drone attack on the Iranian defence facility and the likely increase in the export of crude oil from Russia in February.At 10 am on Monday, April Brent oil futures were at $86.27, down by 0.15 per cent; and March crude […]
Russia blocks CIA, FBI websites for ‘spreading false information’
© Reuters MOSCOW (Reuters) -Russia’s communications regulator Roskomnadzor said on Friday it had blocked the websites of the CIA and FBI, accusing the two U.S. government agencies of spreading false information, the TASS news agency reported. “Roskomnadzor has restricted access to a number of resources belonging to state structures of hostile countries for disseminating material […]
Iran, Russia, China Hold Joint Naval Drill Amid Growing Ties
Iran, Russia, and China are holding their third joint naval drill in the northern Indian Ocean, amid speculation that the three countries are teaming up in the face of growing regional tensions with the United States. Source link
U.S. “concerned” as South Africa to hold war games with Russia, China on Ukraine invasion anniversary
Johannesburg — Next month, on the one-year anniversary of the start of Russia’s full-scale invasion of Ukraine, South Africa will be hosting Russian and Chinese forces for a joint naval exercise. The timing of the drills — which were apparently planned during Russian President Vladimir Putin’s unprovoked assault on Ukraine — have the U.S. “concerned,” […]
US confronts China with evidence suggesting some SEOs assist Russia war effort in Ukraine
Bloomberg (gated) has the report: The Biden administration has confronted China’s government with evidence that suggests some Chinese state-owned companies may be providing assistance for Russia’s war effort in Ukraine, as it tries to ascertain if Beijing is aware of those activities, according to people familiar with the matter. support consists of non-lethal military and […]
Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow
Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment […]