With the price of crude up about 18 percent this year and now trading at the highest since 2014, exporters of the fuel get to enjoy a windfall while consuming nations get hurt.
Masayoshi Son’s early reveal of a Walmart Inc. deal on Wednesday isn’t the first accidental M&A announcement. But it might be the biggest.
Softbank Group...
Considering the fact that Walmart has failed to build up its own Indian business in 11 years, the deal represents a second-best outcome at most.
Walmart...
Oil is India’s biggest import and elevated prices along with a weaker rupee will widen the trade deficit, fuel imported inflation and squeeze government finances.
Hours before Walmart was scheduled to unveil the largest acquisition in its history, Masayoshi Son, CEO of SoftBank Group, spilled the beans to a roomful of investors and journalists in Tokyo.
Axis Bank, IndusInd Bank, State Bank of India and Yes Bank are among those reaping the benefits of cheaper funds as confidence in the world’s fastest-growing major economy increases.
China's crude oil imports compared to a year earlier represents growth of about 1.2 million barrels a day, so even slower domestic demand growth can have an outsized impact on global markets.
India, China & Malaysia want to be full-fledged members of the global financial system but insist on regulatory systems designed to ensure tight control.
Like Turkey and Egypt, Pakistan is one of a handful of powers with the human resources and infrastructure to help secure the Persian Gulf as Trump’s America draws down its military presence.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
COMMENTS