business
Trump sanctions to hit India: Will New Delhi’s crude oil imports from Russia stop? Here’s what analysts say
Trump sanctions to hit India: Indian refiners are preparing to scale up crude oil purchases from the Middle East, Latin America, and the United States to compensate for reduced imports from Russia, analysts told news agency PTI.This comes after the US government on Wednesday imposed fresh US sanctions on two of Moscow’s biggest producers, Rosneft…
U.S. Inflation Edged Higher in September as Fed Prepares to Cut Rates Again
The Consumer Price Index for September, released late because of the government shutdown, may reflect the effects of President Trump’s tariffs on a wide variety of imported products. Source link
Gold reserves vs dollar assets: Why is RBI buying gold & reducing investments in US treasury securities – top points to know
The central bank has added 600 kilograms to its gold reserves this fiscal year. (Representative image) In a strategic shift, India is betting on gold rather than dollar-based assets for its foreign exchange reserves. The Reserve Bank of India (RBI) is showing a preference for gold over dollar-based investments, data suggests. As of October 10,…
Shutdown Could Cancel Next Inflation Report
Since the shutdown began, the Bureau of Labor Statistics has not been gathering the new data it needs to produce future reports, since its staff is furloughed. Source link
Trump-Xi meeting: Asian stock markets surge after confirmation; US-China trade tensions expected to ease
Representative image (AI-generated) Asian stock markets remained mostly high on Friday after the White House confirmed that US President Donald Trump will meet Chinese leader Xi Jinping next week.The announcement eased some uncertainty over trade tensions between the world’s two largest economies, although the likelihood of a major trade deal remains unclear.Chinese markets also gained…
The Wider Costs of the N.B.A. Insider-Trading Scandal
Criminal charges over a wide-ranging betting ring have called into question the sports world’s embrace of legalized gambling. Source link
Trump sanctions impact: Reliance, India’s biggest importer of Russian oil, buys millions of barrels of crude from Middle East, US
RIL, which has been the largest importer of Russian oil by volume in this year, has bought millions of barrels of crude from the US and Middle East . (AI image) In what is being seen as a direct impact of Donald Trump’s sanctions on two major Russian oil firms, Reliance Industries Ltd (RIL)…
Data showing a resilient economy largely reflect spending by the rich.
Data showing a resilient economy largely reflect spending by the rich. Source link
Lesson from China’s export restrictions: India eyes fertilizer plant project in Russia; aim to protect against supply shocks
Representative image (AI-generated) Indian fertiliser companies are preparing to set up a urea manufacturing facility in Russia, a move that is likely to be announced during Russian President Vladimir Putin’s visit to India in December. This would be India’s first fertiliser venture in Russia.The plant will use Russia’s abundant ammonia and natural gas reserves, ensuring…