While stocks in Mumbai & Seoul have already taken hits from concerns over Fed rate hikes and a related tech selloff, analysts see both as more susceptible to risk-off sentiment.
Govt reduced import duty on palm oil earlier this month to bring down retail prices. Some oil and farm associations say it contradicts govt’s vision of 'Atmanirbhar Bharat'.
The US last week made the unusual request to some of the world’s largest oil-consuming nations to consider releasing crude oil in a coordinated effort to lower global energy prices.
Even at $70 a barrel, the current prices do not meet fiscal break-even thresholds for most Gulf Arab states, and the gap between revenue & fiscal expenditure has been wide since 2015.
Oil buyers will be 'spoiled for choice' as the supply of high-sulfur crude, which has tightened after US sanctions on Iran and Venezuela, will become more readily available now.
The expansion of OPEC into OPEC+ has added a new layer of complexity to the decision-making process while contributing little in the way of real output cuts.
The recent resignations of its seniormost judges are among the most pointed institutional protests Pakistan has witnessed since the lawyers’ movement of the late 2000s.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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