Russia crude oil restrictions: EU imposes sanctions on Rosneft’s India refinery, lowers oil price cap – how it may benefit India

India, whilst potentially benefiting from reduced prices, faces uncertainty regarding continued imports due to possible US intervention. (AI image) Russia oil sanctions by European Union: The EU implemented sanctions on Friday which also target a Rosneft-owned Indian oil refinery and reduced the oil price ceiling as part of heightened measures against Russia regarding the Ukraine…

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‘One of my worst appointments’: Trump targets Fed Chair again, calls on ‘too late, numbskull’ to lower rates

US President Donald Trump has sharply intensified his criticism of Federal Reserve Chair Jerome Powell, accusing him of stalling the US housing market with high interest rates and hinting at possible dismissal over a controversial $2.5 billion renovation at the Fed’s headquarters.In a pair of fiery Truth Social posts on Friday, Trump branded Powell a…

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US markets today: Wall Street inches higher as S&P 500, Nasdaq hover near record highs; merger buzz, earnings and rate cut hopes in focus

Wall Street edged higher on Friday as the S&P 500 and Nasdaq hovered near record highs, putting US stocks on track for a third winning week in the past four. Strong corporate earnings, easing Treasury yields, and growing speculation of a Federal Reserve rate cut fuelled investor optimism.The S&P 500 rose 0.2% in early trade…

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India growth outlook: Economy in good shape, but faster growth needs infra push and trade deals, says Sanjeev Sanyal

India’s economy is performing well but needs continued investment in infrastructure, trade agreements coming through, and ease of doing business to accelerate growth, Sanjeev Sanyal, a member of the Prime Minister’s Economic Advisory Council, said on Friday.“So we are in good shape, but can we grow faster? Yes, but for that, we will need to…

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Guyana oil block fight: Chevron clears $53 billion Hess deal after Paris arbitration, gains entry into Exxon-led Guyana field

Chevron has completed its $53 billion acquisition of Hess Corp, securing a stake in one of the world’s most lucrative oil fields, after winning a key arbitration ruling in Paris. The International Chamber of Commerce (ICC) cleared the way for Chevron to join Exxon Mobil and China’s CNOOC in Guyana’s massive Stabroek Block, ending a…

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India needs to be ‘very careful and clever’ in US trade deal talks, says Raghuram Rajan; flags farm import risk

India needs to be ‘very careful and clever’ in US trade deal talks, says Raghuram Rajan; flags farm import riskFormer Reserve Bank of India Governor Raghuram Rajan has cautioned that India needs to be “very careful and clever” while negotiating trade agreements with the United States, especially in sectors like agriculture where developed economies provide…

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