The illicit oil trade in Libya, fueled by heavily subsidized fuels being smuggled abroad, is sustaining the country’s rival political factions. The practice has created a steady revenue stream for armed groups,
The International Monetary Fund (IMF) has called on Argentina’s government to accelerate efforts to build up foreign reserves as part of its $20 billion lending program, warning that stronger buffers are essential
More
Around 1.4 million barrels per day of Russian oil — nearly a third of the country’s seaborne export capacity — are currently being held in tankers as sanctions imposed by the United
More
The International Monetary Fund has cautioned that countries swapping dollar-denominated loans from China into yuan may face significant currency risks, even as they aim to lower borrowing costs. In a statement responding
More
China’s benchmark thermal coal prices have climbed to their highest level this year, buoyed by a mix of seasonal demand, stricter safety inspections, and renewed confidence in the nation’s economic outlook following
More
Asia’s key manufacturing hubs showed signs of slowdown in October, as weak demand from the United States and trade tensions under President Donald Trump continued to weigh on factory activity, according to
More
Asia-Pacific leaders concluded the annual APEC summit in South Korea on Saturday with a joint declaration emphasizing the need for resilient and mutually beneficial trade, amid mounting fractures in the global trading
More
China is set to remove a decades-old tax incentive for gold buyers, a policy shift that could increase costs for consumers in one of the world’s largest bullion markets. Starting November 1,
More
India’s state-run refiners are exploring whether they can continue sourcing discounted Russian oil by turning to smaller suppliers, after the U.S. blacklisted major energy firms Rosneft PJSC and Lukoil PJSC last week,
More
The Russian Embassy in Colombo issued a strongly worded press release on October 20 warning that any attempt by the European Union to redirect frozen Russian sovereign assets held in Europe would
More
Apple CEO Tim Cook pledged to increase the company’s investment in China during a visit to the country, despite threats from US President Donald Trump to impose tariffs on Apple products manufactured
More