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Price cap won't curb demand for Russian oil: Kremlin
AFP, Moscow.The Kremlin Saturday said it would "not accept" a price cap on Russian oil agreed by the EU, G7 and Australia towards limiting Moscow's funds for the Ukraine offensive, Russian news agencies reported.."We will not accept this price cap," Kremlin spokesman Dmitry Peskov to
3 December 2022, 13:45 PM
G7, Australia agree $60 per barrel price cap for Russian oil
The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.
3 December 2022, 09:10 AM
EU discussing Russian oil price cap at $60/barrel
Representatives of European Union governments were discussing on Thursday a price cap on Russian seaborne oil at $60 per barrel, with a review every two months, yielding to pressure from some countries to lower the cap, diplomats said.
1 December 2022, 18:00 PM
Oil up more than $2 on tighter supply
Oil prices rose by more than $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
30 November 2022, 18:00 PM
India eyes bumper wheat harvest in 2023
India is expected to harvest a bumper wheat crop in 2023 as high domestic prices and replenished soil moisture help farmers surpass last year’s planting, while an intense heatwave cut output this year.
30 November 2022, 18:00 PM
Qatar, Germany sign 15-year gas deal
Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources.
29 November 2022, 18:00 PM
China’s export tax refund and exemption reach 1.64tr yuan
China’s tax department continuously accelerated the export tax refund this year, offering powerful support for the steady growth of foreign trade, Securities Times reported.
29 November 2022, 18:00 PM
German inflation slows to 10pc
The inflation rate in Europe’s top economy dropped to 10 per cent for November, preliminary data from Germany’s federal statistics agency Destatis showed. This comes after hitting a record high in October.
29 November 2022, 18:00 PM
Pakistan minister heads to Russia for talks
Pakistan’s junior oil minister and the petroleum secretary have flown to Russia for talks on issues including oil and gas supplies, two people close to the matter told Reuters on condition of anonymity.
28 November 2022, 18:00 PM
Gold gains on dollar pullback
Gold ticked higher on Monday as a retreat in the dollar made bullion more attractive for other currency holders, drawing further support from some safe-haven demand from China amid wide protests over its strict Covid-19 curbs.
28 November 2022, 18:00 PM
Oil prices erase 2022 gains as China’s protests spark demand worries
Oil prices fell to near their lowest levels this year on Monday as street protests against strict Covid-19 curbs in China, the world’s biggest crude importer, stoked concern about the outlook for fuel demand.
28 November 2022, 18:00 PM
We haven’t reached inflation peak: ECB
Euro zone inflation has not peaked, and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday.
28 November 2022, 18:00 PM
Nepal’s youths seek foreign jobs for high inflation, unemployment
Umesh Rijal, a resident of Khorsane in Sundar Haraicha Municipality 10 in Morang district, reached Kathmandu on Wednesday to collect his passport. He did not apply for a passport from his home district as it takes around two months for him to get the travel document.
27 November 2022, 18:00 PM
Cuba wins China debt relief, new funds
China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders.
27 November 2022, 18:00 PM
China’s industrial profits drop further
China’s industrial firms saw overall profits decline further in the January-October period as Covid-19 outbreaks flared up and cities imposed new virus curbs, including targeted lockdowns, dampening economic activity.
27 November 2022, 18:00 PM
US bans Huawei, ZTE equipment sales, citing security risk
The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to US national security.
26 November 2022, 18:00 PM
Cost-of-living crisis casts shadow over Europe’s Black Friday
Europe’s retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living crisis and the distraction of the soccer World Cup.
26 November 2022, 18:00 PM
BMW to invest $2.1 billion at Hungary unit
German automaker BMW said Friday it plans to invest more than two billion euros ($2.1 billion) at its under-construction Hungarian factory and is building an electric battery assembly plant on site.
26 November 2022, 18:00 PM
Toyota launches 2nd hybrid car in India
Toyota Motor Corp on Friday launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.
26 November 2022, 18:00 PM
Investors left scratching heads as ECB bosses spar on outlook
The European Central Bank’s top economic thinkers are sparring over the outlook for inflation and rates, leaving investors scratching their heads over the ECB’s next policy moves.
26 November 2022, 18:00 PM