For the first time in weeks, investors had jitters. About the war in the Middle East. About the runaway chip rally. About higher interest rates. Then came the SpaceX IPO. People monitoring stock prices on their phones as SpaceX shares began trading Friday. The space-exploration company’s market debut went off without a hitch on Friday,…
India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…
India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…
BRICS nations on Saturday adopted the “Indore Declaration”, committing to deeper cooperation in agriculture and launching a series of new initiatives, including a global forum on farmers’ seed rights, a digital agriculture network and a platform for agroecology and regenerative farming, PTI reported.The decisions were taken at the end of a five-day meeting of agriculture…
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said there is no shortage of energy in the country, asserting that supplies of crude oil, LPG and natural gas remain comfortable despite concerns arising from the Iran conflict.Speaking to reporters in Ludhiana, Puri said India has sufficient reserves to meet energy requirements and…
Farmers will continue to receive urea and di-ammonium phosphate (DAP) at subsidised rates despite concerns over global supplies amid the Middle East crisis, Union Agriculture minister Shivraj Singh Chouhan said on Saturday, asserting that the government has adequate fertiliser stocks and is prepared to deal with any impact of El Nino.Addressing reporters after the conclusion…
Trade will be on the agenda when Prime Minister Narendra Modi meets US President Donald Trump at next week’s G7 summit in France, but an India-US trade agreement is not expected to be finalised during the gathering, a senior US administration official said on Saturday, Reuters reported.The official said US Trade Representative Jamieson Greer will…
South Korea’s artificial intelligence-led semiconductor boom has yet to generate a meaningful spillover into the broader economy, even as concerns over the won and financial stability are increasing the likelihood of a Bank of Korea (BOK) rate hike next month, Nomura’s senior economist said.Speaking at Nomura’s Korea Equities & Economy Media Briefing in Seoul, Park…
Why are these 3Fs so important? How do they add to pressure on India’s growth story? We decode: (AI image) Fuel, fertilisers, and forex – the 3Fs that India is focusing on. But why? The US-Iran war has put the global economy at risk, and India is not immune. In fact, in the current context…
China on Saturday opposed the United States for adding several leading Chinese companies, including BYD, Alibaba and Baidu, to a Pentagon list of firms alleged to have links with the Chinese military, arguing that the move undermines understandings reached during last month’s summit between US President Donald Trump and Chinese President Xi Jinping.This comes despite…
