China

Brent oil futures
Oil

On strong US demand and China optimism, oil is hovering near a 13-week high

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 […]

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Dollar, Euro Down as U.S. Refutes Russian Ukraine Claims
Dollar Euro Down as U.S. Refutes Russian Ukraine Claims

The dollar was down on Thursday morning in Asia, alongside the euro. Investors are digesting the U.S. doubts that Russia Read more

Crude prices in Saudi Arabia have been raised, causing oil prices to rise
Oil prices

Oil prices jumped more than $2 in early trading on Monday as Saudi Arabia boosted pricing for its oil sales Read more

At next week’s policy review meeting, the RBI is expected to raise rates by 0.40 percent
RBI Governor Shaktikanta Das

At next week's scheduled monetary policy review, the Reserve Bank is projected to boost rates by 0.40 percent, according to Read more

Oil falls, pressured by China lockdowns, reserves release
Oil falls pressured by China lockdowns

Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world Read more

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India to provide additional $500-mn
International

India to provide additional $500-mn assistance to Sri Lanka for fuel

India 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 […]

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PM Wickremesinghe warns the crisis-stricken country that petrol supplies are running out
rising oil prices

On Monday, Sri Lanka's new prime minister said the country was down to its last day of petrol, while the Read more

Sri Lankan President Gotabaya Rajapaksa revokes state of emergency
Sri Lankan President Gotabaya Rajapaksa

Sri Lankan President Gotabaya Rajapaksa late Tuesday night revoked the state of emergency he had declared on April 1 with Read more

India to build Sri Lanka wind farms after China pushed aside
India to build Sri Lanka wind farms

India has agreed to develop three Sri Lankan wind farms on islets between the countries, officials said on Tuesday, in a Read more

US military’s mystery space plane rockets back into orbit

1 of 6 The U.S. military's mystery space plane rocketed into orbit again Sunday, this time with an extra load Read more

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India to build Sri Lanka wind farms
Business

India to build Sri Lanka wind farms after China pushed aside

India 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 […]

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Despite global supply concerns, oil remains around a two-month high
Brent crude futures

On Friday, oil prices were hovering around a two-month high, with Brent crude on track for its greatest weekly gain Read more

Sri Lankan President Gotabaya Rajapaksa revokes state of emergency
Sri Lankan President Gotabaya Rajapaksa

Sri Lankan President Gotabaya Rajapaksa late Tuesday night revoked the state of emergency he had declared on April 1 with Read more

Airstrike hits Ukraine maternity hospital, 17 reported hurt
Airstrike hits Ukraine maternity hospital

A Russian airstrike devastated a maternity hospital Wednesday in the besieged port city of Mariupol amid growing warnings from the Read more

Joe Biden to order studies on regulating, issuing cryptocurrency: Source
Joe Biden to order studies on regulating issuing cryptocurrency

U.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury, and Read more

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Economy

With eye on China, India looks to increase barriers on imports from Asia

By 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 […]

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Sebi has fined 9 firms a total of Rs 1.6 billion for illegal trading
Securities and Exchange Board of India (Sebi)

On Tuesday, the capital markets regulator Sebi fined nine organizations a total of Rs 1.62 crore for manipulating Sterling Green Read more

According to SEA, India’s palm oil imports fell 33% to 514,022 tonne in May
India's palm oil imports

In May of this year, India's palm oil imports fell by 33.20 percent to Rs 5,14,022 tonnes, while refineries sent Read more

PM Modi said the BJP would continue to strive for Assam’s growth
Prime Minister Narendra Modi

Prime Minister Narendra Modi hailed the BJP's historic win in the Karbi Anglong Autonomous Council (KAAC) elections and said that Read more

PM Modi said the BJP would continue to strive for Assam’s growth
Prime Minister Narendra Modi

Prime Minister Narendra Modi hailed the BJP's historic win in the Karbi Anglong Autonomous Council (KAAC) elections and said that Read more

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Chinese whispers: Nepal PM KP Sharma Oli, Prachanda call truce after meet with Chinese envoy
World News

Chinese whispers: Nepal PM KP Sharma Oli, Prachanda call truce after meet with Chinese envoy

By 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 […]

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Oil Up, Reverses Earlier Losses but Fuel Demand Worries Remain
Brent oil rises on weaker dollar though IEA cuts demand outlook

By Administrator_India Capital Sands Oil was up Monday morning in Asia. However, a resurgence of COVID-19 globally continues to take Read more

Britain to place more parts of country in tier 4 of COVID curbs
Britain to place more parts of country in tier 4 of COVID curbs

By Administrator_India Capital Sands British Prime Minister Boris Johnson has approved placing more parts of the country into tier 4 Read more

Deal or no deal, Britain to pay high price for Brexit
Deal or no deal, Britain to pay high price for Brexit

By Administrator_India Capital Sands Brexiteers have long argued that leaving the European Union, with or without a trade deal, would herald Britain's Read more

Biden picks Janet Yellen for treasury secretary
Biden picks Janet Yellen for treasury secretary

By Administrator_India Capital Sands President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the Read more

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Hong Kong government warns removing U.S. special status is 'double-edged sword'
International

Hong Kong government warns removing U.S. special status is ‘double-edged sword’

By 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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Fresh U.S. pandemic stimulus should be more targeted: Raghuram Rajan

By Administrator_India Capital Sands The United States should take a more targeted approach with its new pandemic aid so it Read more

Dollar on course for worst month in decade as U.S. recovery loses steam
Dollar on course for worst month in decade as U.S. recovery loses steam

By Administrator_India Capital Sands The dollar slipped to two-year lows on Friday and is on track to post its biggest Read more

WHO reports record daily increase in global coronavirus cases, up over 230,000
Don't expect first COVID-19 vaccinations until early 2021

By Administrator_India Capital Sands The World Health Organization reported a record increase in global coronavirus cases on Sunday, with the Read more

Worsening U.S. outbreak prompts tough actions as new coronavirus cases hit record
Worsening U.S. outbreak prompts tough actions as new coronavirus cases hit record

By Administrator_India Capital Sands New Jersey adopted a stringent coronavirus face-mask order on Wednesday, and New York City unveiled a Read more

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