Ukraine and Russia together account for over a quarter of global trade of wheat. The war has closed major ports in Ukraine, and severed logistics and transport links.
In a televised speech Monday, Russia’s Deputy PM Alexander Novak said Moscow has the right to take actions that 'mirror' the penalties imposed on the country's economy.
Waging insurgency would be a frightful business for the Ukrainians doing the fighting, and supporting it would require the US and its allies to brace themselves for escalation.
The surge in edible and crude oil prices are bound to feed into headline inflation, which has already breached the upper tolerance limit of RBI's 2-6% target range.
Russian economy is reeling after foreign govts slapped sanctions on trade, finance & travel, froze the reserves of its central bank and cut many of its banks from the SWIFT system.
The new CEO will have to steer Canada Pension Plan Investment Board-backed NSE through to a listing, plans for which have been marred by probes into ex-officials for alleged violations.
Buyers are continuing to avoid Russian crude as they navigate financial sanctions on Russia, and traders are betting prices will keep rising. OPEC+ is still sitting on the sidelines.
It's not the responsibility of Wall Street to come out with better forecasts. The responsibility is on the end users to spend a few hours digging into the research.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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