New Delhi, March 3 (IANS) With traffic through the Strait of Hormuz nearly halted, China’s “fragile, export‑dependent economy” and reliance on discounted Iranian oil could trigger “real problems” within two months if the crisis continues, a report has said.”Much of that oil… actually goes to China trying to get somewhere between… 15 per cent and 23 per cent of its seaborne oil comes from Iran, and that oil transits the Strait of Hormuz,” said Gatestone Institute senior fellow Gordon …
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Seoul, Feb 18 (IANS) South Koreans’ overseas stock investments nearly tripled from a year earlier to an all-time high in 2025, expanding to a level comparable to the country’s annual current account surplus, central bank data showed on Wednesday.Residents’ combined overseas equity investments reached US$114.35 billion last year, up from $42.16 billion in 2024, according to the data compiled by the Bank of Korea (BOK), reports Yonhap news agency.The figure is more than double the previous record …
New Delhi, Jan 21 (IANS) Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Wednesday said that recent legislative, regulatory, and policy reforms mark a landmark and progressive transformation of India’s upstream sector.He underscored that these reforms, coupled with data-led exploration initiatives, have unlocked extensive investment opportunities, particularly in India’s offshore and frontier areas.The minister, in his virtual address during the upstream-focused engagements in…
Seoul, Jan 18 (IANS) South Korea’s major commercial banks are stepping up efforts, alongside government foreign exchange authorities, to curb the local currency’s recent weakness, offering incentives for customers to sell U.S. dollars and lowering interest rates on foreign-currency deposits, officials said on Sunday.The won has hovered near the closely watched 1,450 won level against the U.S. dollar recently despite authorities’ verbal intervention and policy measures, pressured by broad dollar …