On Thursday, oil prices remained at 13-week highs, supported by strong demand in the world’s largest consumer, the United States, while demand in China is likely to increase as COVID-19 limits in key cities are eased. By 0033 GMT, Brent oil futures had risen 12 cents to $123.70 a barrel, while U.S. West Texas Intermediate […]
Read MoreIndia will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s foreign minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a $450 million in swap repayments. “Assistance by the IMF will take about six months to come to us and it will come in […]
Read MoreIndia has agreed to develop three Sri Lankan wind farms on islets between the countries, officials said on Tuesday, in a victory for New Delhi after the project was taken away from a Chinese firm. New Delhi has long been alarmed about the growing Chinese influence in the region. In 2020, 20 Indian soldiers and four […]
Read MoreBy Administrator_India Capital Sands New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value, two government sources said, amid strained ties with Beijing and a push for self-reliance. India is planning to raise quality standards of imports, impose quantity restrictions, mandate stringent […]
Read MoreBy Administrator_India Capital Sands Nepal PM KP Sharma Oli and ruling party’s executive chairman Pushpa Kamal Dahal ‘Prachanda’ have reportedly agreed to put a halt to all activities that could negatively affect the ongoing dialogue. Amid mounting pressure on embattled Nepal Prime Minister KP Sharma Oli to step down, Chinese ambassador Hou Yanqi on July […]
Read MoreBy Administrator_India Capital Sands Hong Kong told the United States to keep out of the internal debate over new national security laws being imposed by China, and warned that withdrawal of the financial hub’s special status under U.S. law could backfire on the U.S. economy. U.S. President Donald Trump is due to announce later on […]
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