Prime Minister Narendra Modi and Russian President Vladimir Putin have instructed their governments to deepen bilateral cooperation as the two countries work towards increasing trade to USD 100 billion by 2030, Ambassador Vinay Kumar has said. In an interview with Russian news agency TASS published on Saturday, Indian envoy Kumar said the two leaders discussed […]
Chinese officials called on the U.S. Saturday to reconsider its proposed rule seeking to further restrict American investments into its tech industry, saying the move would disrupt trade relations between the two countries. On Thursday, the Treasury Department proposed a rule expanding existing restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems, quantum […]
Citi said on Friday it has received approval from Chinese regulators to set up a wholly owned securities company in the world’s second largest economy, just about one month after Chinese leader Xi Jinping met President Donald Trump in Washington to keep U.S.-China ties stable. The approval, which was also announced on the same day […]
The Ibovespa index hit a record high of almost 210,000 points after Sunday’s presidential election, which heads to a run-off in three weeks. Flavio Bolsonaro secured 47 percent of the vote, ahead of leftist Lula’s 45 percent. Lula now faces a tough path to a fourth term in office in the October 25 run-off election. […]
Angola has invited Namibia to acquire an equity stake in its planned 200,000 barrels per day (bpd) Lobito oil refinery, offering its southern neighbour a potential role in a major downstream energy project designed to reduce fuel imports and supply regional markets. President João Lourenço made the proposal on October 19 during talks in Luanda […]
Two Greenpeace activists were arrested in Australia after they caused a halt in operations at Woodside Energy’s Scarborough LNG platform, off the coast of Western Australia. The two were charged with “interfering with offshore petroleum installations or operations”, the local authorities said in a statement as cited by ABC. The maximum penalty for that charge […]
The United States views Senegal’s request for debt restructuring as a “great example” of progress on the Group of 20 Common Framework, and wants to see work on the case completed in less than a year, a top US Treasury official said on Thursday. Erin Browne, Treasury undersecretary for international affairs, co-chaired a meeting of […]
Angola intends to implement faster exploration concessions from next year as part of a new long-term hydrocarbon strategy that aims to attract investment and stimulate oil and gas production, a senior government official said on the sidelines of an energy conference in Cape Town. Here are some details: The 25-year plan seeks to build on […]
Shell has spoken out against a plan by the Australian government to ensure domestic gas supply by mandating LNG producers to reserve certain volumes of their output for domestic use. “Fundamentally, it’s a sledgehammer to crack a nut. And it is an extraordinarily heavy-handed intervention into a market that is actually working well,” Shell Australia’s […]
Ghana is formalising a new channel for supplying gold-generated dollars to commercial banks, placing its state gold-trading agency at the centre of a key part of the foreign-exchange market. The Ghana Gold Board (GoldBod) said on October 5 it has begun consultations with commercial banks on a Spot FX Sales and Intermediation Framework that will […]