According to Reuters, Saudi Arabia is importing more diesel fuel from Russia than ever before. Riyadh primarily exports the inexpensive fuel it purchases from Russia to Singapore to sell it with a significant markup. Up to 500,000 tonnes (3.7 million barrels) of Russian diesel fuel were imported...

According to government data released during the week end, profits at China's industrial companies plunged in the first four months of 2023 as businesses battled margin pressures and weak demand in the midst of a sputtering economic recovery.   According to figures from the National Bureau...

The overall amount of money firms worldwide dedicated to dividends increased 12% in the first quarter compared to the same period last year, reaching a record $327 billion, according to research firm Janus Henderson. Due to ongoing economic and geopolitical uncertainties, experts point out that the...

According to a document seen by Reuters, a high-level gathering in Paris next month will spell out a $100 billion proposal to encourage investors to put more money into climate and development finance in less developed nations by offering currency guarantees.   Prior to the "Summit for a New...

After the Treasury Department warned that a June 5 default loomed in the absence of action, Democratic President of the United States Joe Biden and a Republican negotiator announced on Friday that they were working on an agreement to raise the U.S. government's $31.4 trillion debt ceiling....

Milk prices are rising, and they are not anticipated to decrease until November in India, the world's dairy superpower.   “In the last 15 months there has been [an] extraordinary increase in milk and dairy products, around 14-to-15%,” said RS Sodhi, former managing director of India’s number...

US President Joe Biden and top congressional Republican Kevin McCarthy are nearing an agreement that would lift the government's $31.4 trillion debt ceiling for two years while capping expenditure on the majority of things, according to reports in the media quoting sources.   The official,...

Wang Wentao, China's minister of commerce, will meet Katherine Tai, the U.S. trade representative, and U.S. Commerce Secretary Gina Raimondo while in the country, his ministry announced on Thursday.   According to Shu Jueting, a spokesperson for the Chinese trade ministry, Wang and Raimondo...

In an effort to negotiate an agreement to raise the United States' $31.4 trillion debt ceiling and prevent a catastrophic default, negotiators for Democratic President Joe Biden and senior legislative Republican Kevin McCarthy met on Wednesday.   U.S. House Speaker McCarthy declared that...