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News
India poised to sharply cut Russian oil purchases after sanctions, sources say
23 October 2025, 06:50 AM
Business
Australia-US deal to challenge China rare earths reign: mining boss
22 October 2025, 18:48 PM
Business
Explainer / 5 reasons rare earths are key to the US-China rivalry
22 October 2025, 10:40 AM
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Gold falls again as rally comes to halt, stock markets mixed
22 October 2025, 07:53 AM
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Trump administration plans new probe into global drug pricing, FT reports
22 October 2025, 06:51 AM
Business
US-Aussie critical minerals pact is worthy stretch
21 October 2025, 19:06 PM
Business
Goldman Sachs warns of rare earth supply risks
21 October 2025, 19:06 PM
Business
US, Australia sign rare earths deal as Trump promises submarines
21 October 2025, 07:59 AM
Business
Gold's record run pauses as investors book profits
21 October 2025, 06:41 AM
Business
Why investors not upbeat about bank stocks anymore
Bank stock prices have been low for several years now despite providing handsome annual dividends and this begs the question, why are investors less enthusiastic about buying shares in what was once dubbed the most attractive sector?
17 March 2022, 18:00 PM
Moscow sets out new controls on foreigners trading Russia assets
Russia has set out strict rules for foreigners seeking permits to buy and sell Russian securities and real estate, a client memo by Citigroup showed, as details emerge of new state controls on investment in response to Western sanctions.
17 March 2022, 18:00 PM
Ukraine war to halve Germany’s growth: think tank
Russia’s invasion of Ukraine will have a heavy impact on the German economy, cutting its 2022 growth forecast by almost half to 2.1 percent, economic institute IfW said Thursday.
17 March 2022, 18:00 PM
Saudi prince faces dilemma over Russia and China
The United States and Britain are ramping up pressure on Saudi Arabia to pump more oil and join efforts to isolate Russia, while Riyadh has shown little readiness to respond and has revived a threat to ditch dollars in its oil sales to China.
17 March 2022, 18:00 PM
Russia teeters on brink of historic default
The economic cost of Russia’s assault on Ukraine was fully exposed on Wednesday as Vladimir Putin’s sanctions-ravaged government teetered on the brink of its first international debt default since the Bolshevik revolution.
16 March 2022, 18:00 PM
Indian oil company set to buy 3 mn barrels of Russian crude oil at discount
India’s state-owned Oil Corporation (IOC) has made a contract to buy three million barrels of crude oil Russia offered at a steep discount on prevailing international rates in the first purchase since the Russian invasion of Ukraine.
16 March 2022, 17:19 PM
US dollar's reign in oil market may face challenge, as Saudi eyes yuan-based deal with China
Saudi Arabia is in active talks with Beijing to price part of its oil shipments in yuan, people familiar with the situation said – a move that could erode the US dollar's dominance in the global petroleum market, The Wall Street Journal reports.
16 March 2022, 07:20 AM
Ukraine economy could collapse if war drags on: IMF
The government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said Monday.
15 March 2022, 18:00 PM
EU approves new round of Russia sanctions
The European Union formally approved on Tuesday a new barrage of sanctions against Russia for its invasion of Ukraine, which include bans on investments in the Russian energy sector, luxury goods exports and imports of steel products from Russia.
15 March 2022, 18:00 PM
Oil prices plunge
Oil prices tumbled to their lowest levels in almost three weeks on Tuesday as supply disruption fears eased and as surging Covid-19 cases in China spurred demand concerns.
15 March 2022, 18:00 PM
Investors see risks spiking
Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets.
15 March 2022, 18:00 PM
World's largest exporter of wheat, Russia may suspend grains export till June 30
Russia on Monday temporarily banned grain exports to ex-Soviet countries and most sugar exports, but a senior minister said it would keep on providing special export licences to traders within its current quota.
15 March 2022, 05:04 AM
Most Asian markets hit by Ukraine fears, tech selloff
Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.
14 March 2022, 18:00 PM
Dollar steadies
The dollar slipped as European markets opened on Monday, but was still near a five-year high versus Japan’s yen as investors braced for a busy week of major central bank meetings.
14 March 2022, 18:00 PM
UK urges Saudi Arabia to raise oil output
British Prime Minister Boris Johnson is trying to persuade Saudi Arabia to increase its oil output, a senior minister said on Monday, following reports that Johnson would travel to the OPEC heavyweight this week.
14 March 2022, 18:00 PM
European financial institutions turn their back on Russia
Deutsche Bank reversed course and said it would pull out of Russia completely while the London Stock Exchange suspended all its services in the country as Western governments impose sanctions over the invasion of Ukraine.
14 March 2022, 18:00 PM
EU assessing rights progress for GSP
A visiting European Union (EU) delegation yesterday wanted to know the causes for delays in the implementation of a few action plans for retaining the GSP to the EU markets under the trade bloc’s Everything but Arms (EBA) initiative.
14 March 2022, 18:00 PM
Russia gradually resuming Black Sea wheat exports
Russia is gradually resuming wheat exports from its Black Sea ports while navigation in the Azov Sea remains restricted, analysts said on Monday. Russia invaded Ukraine on February 24, calling its actions a “special military operation”.
14 March 2022, 18:00 PM
IMF in Sri Lanka to discuss worsening economic crisis
An IMF delegation was in Sri Lanka Monday for talks on the island’s worsening economic crisis, with the public suffering through months of food, fuel and medicine shortages.
14 March 2022, 18:00 PM
India considering buying Russian oil at discounted prices in rupee-rouble transaction
India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid tough Western sanctions on Russia over its invasion of Ukraine.
14 March 2022, 13:32 PM