Latest News
Oil Climbs Ahead Of OPEC+ Meeting
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.
India's Reliance To Buy Majority Stake In Solar Energy Software Maker For $32 Million
Sep 30, 2022 10:11 AM
India's Reliance Industries said late it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million.
India Raises Taxes On Aviation Fuel Exports, Domestic Crude Oil
Sep 30, 2022 09:55 AM
India's government raised taxes on aviation turbine fuel exports to 9 rupees ($0.11) per liter from 2 rupees per liter, a government notification said.
Indonesian President Likely To Weather Fuel Price Rise Uproar, Analysts Say
Sep 30, 2022 09:52 AM
Thousands of people joined protests across Indonesia this week against a fuel price increase but even as anger mounts on the streets of Southeast Asia's largest economy, analysts say President Joko Widodo is well placed to weather the storm.
Indonesia Raises Fares For App-Based Motorbike Transport After Fuel Price Hike
Sep 30, 2022 09:49 AM
Indonesia's Transport Ministry has raised fares for app-based motorbike transport services to account for the recent fuel price hike, senior official Hendro Sugiatno said.
Modern Slavery On The Rise As Crises Fuel Poverty - U.N. Report
Sep 30, 2022 09:47 AM
The number of people forced into modern forms of slavery has risen by a fifth in recent years to around 50 million on any given day amid a surge in poverty and other crises, the U.N. International Labour Organization (ILO) said.
EU Eyes Levy On Fossil Fuel Firms To Help Consumers Survive Energy Crisis
Sep 30, 2022 09:44 AM
Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West's "energy war" with Russia took a growing toll.
Indonesia To Review Minimum Wage Rules After Protests Over Fuel Price Hike
Sep 30, 2022 09:41 AM
Indonesia will review minimum wage and other labour rules, the president's office said, after trade unions staged nation-wide protests against a recent hike in petrol prices that they say has come even as incomes stagnate.
Index Inclusion May Fuel Only Short Term Gains In Indian Rupee, Bonds - DBS
Sep 30, 2022 09:37 AM
The addition of Indian bonds to global indexes could fuel only short-term gains in rupee and bonds, with focus shifting to other factors after the announcement, DBS said.
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