Indian state refiners resume yuan payments for Russian oil amid warming China ties: Report – Firstpost
Indian state-run refiners have resumed payments in Chinese yuan for Russian oil shipments, amid signs of improving diplomatic ties between...
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Book notes: King dollar: the past and future of the world’s dominant currency, by Paul Blustein
Paul Blustein, King dollar: the past and future of the world’s dominant currency, Yale University Press, March 2025, xi+308 pagesDuring...
Iran revives plan to remove four zeros from currency amid economic crisis – Firstpost
Iran has revived a shelved plan to remove four zeros from its national currency, the rial, in an effort to...
Frozen London Properties Owned By Sanctioned Russian Oligarchs
85 Fleet Street is among the properties that have yet to be recorded as frozen despite their owners being on...
Emerging Market Currencies and Stocks Steady Amid Trade Uncertainty
Emerging market currencies and stocks saw a period of calm on Monday as investors prepared for trade developments in...
India Set to Tap Vast Oil Reserves With Multi-Billion Dollar Investments
Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has suggested that India could strengthen its domestic industries and ramp up local production. Trump has a history of imposing heavy tariffs on India, including 25% on steel and 10% on aluminum imposed in 2018. The tariffs had an inimical effect on India’s trade with the U.S., with steel exports plunging 46% one year after the tariffs were announced.Meanwhile, India’s heavy reliance on oil imports leads to huge capital outflows and a weaker...