India bought about 40% of all Urals seaborne export volumes loading in November, outperforming other states as buyers, Reuters calculations based on Refinitiv and traders' data showed on Monday. Russian Urals oil shipments to India accounted for about 40% of the total sea exports of Urals in November, not including the transit of oil from Kazakhstan, which is sold as KEBCO, Reuters calculations showed. At the same time, shipments of the grade to Europe, which was previously the largest consumer of seaborne Urals, in November amounted to slightly less than a quarter.
Global stocks fell Monday as protests across China in opposition to the government's hardline zero-Covid policy fueled uncertainty about the world's number-two economy.
HONG KONG SAR - Media OutReach - 28 November 2022 - Tia Lee Yu Fen, global C-Pop star, returned with a bang in 2022 as she released the first episode of her captivating animation series - "GOODBYE PRINCESS" which attained a record breaking 13.65 million views in the first three days. Since then, all videos have accumulated nearly 100 million views. The first animation episode, "Falling in the Deep", was released on 11 November and showcased a carefree mermaid swimming happily in a calm ocean and
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India's Sensex stock index may hit 80,000 by the end of next year if the country is included in global bond indexes and prices of commodities such as oil and fertilizers drop sharply, Morgan Stanley analysts said. India's long wait to win inclusion in JPMorgan's influential emerging market local currency debt index was set to be pushed out into next year, Reuters reported earlier this year. The Wall Street bank said in October that India is on the radar for an inclusion.
QUANZHOU, CHINA - Media OutReach - 28 November 2022 - From November 24th to 27th, the 8th China (Quanzhou) Maritime Silk Road International Brand Expo and the 2nd RCEP Young Overseas Chinese Business Innovation and Entrepreneurship Summit supported by China Council for the Promotion of International Trade and World Trade Center Association, sponsored by China International Chamber of Commerce, Overseas Chinese Affairs Office of Fujian Provincial People's Government, Fujian Provincial Department
Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic led lull, Fitch Ratings said on Monday. The Reserve Bank of India has raised interest rates by a total 190 basis points since May to fight inflation, which has only recently shown some signs of easing. While full-year growth will show a modest slowdown from the 17% pace seen in the first half, credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch added.
Gold prices slipped from a more than one-week high on Monday, as the dollar rose from session lows on hawkish comments from members of the U.S. Federal Reserve reiterating their fight against inflation. Fed Presidents James Bullard and John Williams stated that there was a long way to go to fight inflation, with Bullard stating that rates should be held high "throughout next year and into 2024." Jerome Powell is due to speak at a Brookings Institution event on Wednesday, on the outlook for the U.S. economy and the labour market.
The Indian economy likely returned to a more normal 6.2% annual growth rate in July-September after double-digit expansion in the previous quarter, but weaker exports and investment will curb future activity, a Reuters poll showed. But with the Reserve Bank of India (RBI) now raising interest rates to tamp inflation running above its target range of 2% to 6% target, the economy is set to slow further. The 6.2% annual growth forecast for latest quarter in a Nov. 22-28 Reuters poll of 43 economists was a tad lower than the RBI's 6.3% view.
KUALA LUMPUR, MALAYSIA - Media OutReach - 28 November 2022 - The hype around Tia Lee Yu Fen's much-awaited return in 2022 ascended to a new level after the first episode of her mesmerising animation series was released on 11 November. Garnering over 13.65 million views in the first 72 hours, the first of the six-episode series continued to generate excitement leading up to her soon-to-be-released new single "GOODBYE PRINCESS". In the time that has elapsed, the global C-Pop star's video views hav
Overworked, underpaid and thoroughly fed up, Wang's troubles deepened even further when authorities abruptly locked down the delivery driver's Beijing apartment block earlier this month.
DUBAI, UNITED ARAB EMIRATES - Media OutReach - 28 November 2022 - Following the premiere of the first episode of her animation series "GOODBYE PRINCESS", global C-Pop star Tia Lee Yu Fen expressed her gratitude and appreciation for all the support she has received as her video views approach a record breaking 100 million. Since the first episode's release on 11 November, the Asian pop singer, actress and fashion icon is eagerly anticipating the response to the second episode, "Stuck in Time", wh
The Indian rupee recovered its opening losses to end largely flat against the dollar, while forward premiums declined more to slip below a key level. The local unit had fallen to 81.8325 in opening trades, thanks largely to the Chinese yuan. The offshore yuan fell to a two-week low of 6.2571 to the dollar following protests in China against the government's COVID policies.
BENGALURU (Reuters) -New Delhi Television Ltd (NDTV) said on Monday an entity backed by its founders had issued shares to a unit of Adani Group, taking the billionaire Gautam Adani-led conglomerate a step closer to taking over the media firm. The transfer of shares will give Adani control over a 29.18% stake in the news group. Adani is also conducting an open offer running between Nov. 22 and Dec. 5 for a 26% stake in NDTV.
MUMBAI (Reuters) -Jet Airways' creditors and its new owners are deadlocked over a resolution plan to lift the Indian airline out of bankruptcy, putting its future in limbo, four sources said. Creditors may approach India's aviation ministry to seek approval to liquidate Jet's assets if there is no resolution on Tuesday in a critical court hearing, a senior banker said. "There are concerns the resolution plan may fall apart so we are looking to see if we can at least get something out of this deal via the liquidation route," the banker, who has direct knowledge of the matter, told Reuters on Monday.