PARIS—World food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations food agency said on Thursday. The Rome-based Food and Agriculture Organization (FAO) also projected record global cereal production in 2021, but said this would be outpaced by forecast…
Dollar Strength Holds Back Asian FX; Rupee Bears Re-emerge: Poll
October 7, 2021
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Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation, and signs of slowing global economic growth boosted the dollar. Long positions on the Singapore dollar, Taiwan’s dollar, and the Indian rupee were reversed, while bearish views on the South…
Delayed Recovery Greatest Risk to Pandemic-Hit Indian Economy: Reuters Poll
BENGALURU—India’s economic recovery from pandemic-related shutdowns is at risk of a further delay in the six months that are left of this fiscal year, according to economists in a Reuters poll, who expect elevated inflation to hold or accelerate, not fall. Price pressures in the world’s second-most populous country have soared thanks to rising fuel…
OPEC+ Sticks to Plan for Gradual Output Hike, Oil Price Roars Higher
October 4, 2021
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LONDON―OPEC+ said on Monday it would stick to an existing pact for a gradual increase in oil output, sending crude prices to three-year highs and adding to inflationary pressures that consuming nations fear will derail an economic recovery from the pandemic. The Organization of the Petroleum Exporting Countries, Russia, and allies, known as OPEC+, have…
India to Build Deep Water Port Terminal in Sri Lanka to Counter Beijing’s Influence
An Indian company has signed a contract worth US$700 million to build a strategically important deep-water container terminal in Sri Lanka, a move considered a countermeasure to China’s growing influence in South Asia. The Adani Group of India signed the agreement with the Sri Lanka Port Authority (SLPA) on Sept. 30 to build the terminal…
100 PLA Soldiers Intrude Into Indian Territory, Destroy a Bridge
NEW DELHI—One hundred PLA Soldiers and 55 horses intruded three miles into the Indian territory in the Barahoti region of the Himalayan state of Uttarakhand on Aug. 30 and returned after destroying some infrastructure including a bridge, according to the latest Indian media reports. Experts said the timing of the incident is of significance as…
Oil Slips to $78 as Sources Say OPEC+ Weighs Further Output Hike
October 1, 2021
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LONDON—Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached this week. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meet on Monday. Four…
How the Taliban in Afghanistan Could Bolster Conflict in India’s Kashmir
News Analysis SRINAGAR—With the Taliban taking over Afghanistan, serious concerns have arisen over the security situation in Jammu and Kashmir, India’s northernmost territory. It has a Muslim majority. With a recorded history of Kashmiri insurgents getting support from across the border in many sanctuaries in Pakistan and with their reported Taliban links, there are concerns…
American Airlines Signs Code-Sharing Pact With India’s Largest Airline
American Airlines announced a code-sharing agreement with India’s largest airline IndiGo on Tuesday, with the U.S. airline gearing up to launch new flights between the two countries. The agreement, which is expected to begin in October, will see American’s “code” on 29 of IndiGo’s domestic routes in India. Code-sharing allows an airline to sell seats…
Direct Passenger Flights From India Resume as Canada Lifts Ban
Direct passenger flights to Canada from India resumed Monday as Transport Canada lifted a months-long ban imposed due to high COVID-19 case counts. In a post on Twitter, Transport Canada said direct flights from India can land in Canada, but travellers must have a negative COVID-19 test from an approved laboratory at the New Delhi…
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