Indian buyers are paying in renminbi

As western economic sanctions force Moscow and its trading customers to look for alternatives to the US dollar, several Indian refiners have started using the Chinese currency to pay for some of their Russian crude imports, according to people familiar

The union representing port workers in western Canada has officially begun its strike, with thousands of port workers walking off the job in the Canadian province of British Columbia. The action could have ripple effects beyond America's northern neighbors. "Unfortunately, it

The State Bank of Pakistan issued a circular on June 24 to lift all import restrictions on the country's food, energy, industry and agriculture sectors to meet the requirements of the International Monetary Fund (IMF) to resume lending. At the same

Congestion at Mundra Port in the past week following the cyclone on India's west coast has severely affected shipping companies' ability to maximise import and export volumes at a time of increasingly low capacity utilisation. The container terminal at Mundra Port,

Vladimir Putin: Killing each other and dividing society is what the enemies of Russia want Xinhua News Agency, Moscow, June 26 (Reporter Huanghe) Russian President Vladimir Putin said in a televised address late Sunday night that fratricide and social division, which

Recently, Indonesian President Joko Widodo said that the country will soon no longer export raw copper, as the metal will be processed domestically into cathode copper. It is understood that Freeport Indonesia and Amman Mineral Internasional will complete the construction of

Mexico is experiencing its third round of scorching temperatures this year, causing electricity consumption to surge and sending the power supply system into a state of emergency. Mexico's National Energy control center said on the evening of the 20th that as