NEW DELHI/MOSCOW: At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new US sanctions, trade sources said, and LSEG trade flows showed. The US Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which are involved in […]
Read MoreRIYADH: A Saudi delegation visiting Damascus on Wednesday announced investment and partnership deals valued at $5 billion to help rebuild war-battered Syria. The delegation of some 150 investors and representatives of the Saudi public and private sectors, led by Investment Minister Khalid Al-Falih, attended a forum in Damascus. “The announced investments, valued at SR19 billion […]
Read MoreBy Joe Luc Barnes Almaty – Kazakhstan’s Halyk Bank has announced it will acquire a 49% stake in Uzbek digital payments company Click for $176.4 million, marking one of the largest cross-border banking investments in Central Asia to date. The deal values Click at approximately $360 million, highlighting the growing importance of digital finance in […]
Read MorePhilippine President Ferdinand Marcos Jr. meets US President Donald Trump this week, hoping Manila’s status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline. Marcos will be the first Southeast Asian leader to meet Trump in his second term. Trump has already struck trade deals with two […]
Read MoreTesla Inc. has officially entered the Indian market, launching its first showroom in Mumbai’s upscale Bandra-Kurla Complex on Tuesday. The outlet will serve as the EV giant’s flagship experience center, marking a long-awaited step into the world’s third-largest auto market. The move comes after years of delays due to policy disagreements. With global sales dropping […]
Read MoreBy Sergey Kwan Kyrgyz President Sadyr Japarov has signed a new law establishing a special financial investment territory in the Issyk-Kul region. The legislation, titled “On the Special Financial Investment Territory ‘Tamchy’ with a Special Legal Regime and Status,” was approved by the Jogorku Kenesh (parliament) on June 19. The law codifies Japarov’s earlier presidential […]
Read MoreBy Aliya Haidar On July 7, U.S. President Donald Trump informed Kazakh President Kassym-Jomart Tokayev that Washington will impose a 25% tariff on goods from Kazakhstan, effective August 1, 2025. Tokayev responded on July 10, affirming Kazakhstan’s commitment to “developing fair, predictable, and mutually beneficial trade relations” with the United States. He emphasized Kazakhstan’s readiness […]
Read MoreSouth Korea’s top trade envoy said on Monday it may be possible to strike an “in-principle” trade deal with the United States by an August 1 deadline and signalled Seoul may be open to allow greater access to its agriculture markets, local media reported. Minister for Trade Yeo Han-koo, who held high-level talks with US […]
Read MoreBy Sam Beltran The move by US President Donald Trump to impose a higher-than-expected tariff on the Philippines signals his unwavering determination to pressure Washington’s trade partners to do their part in reducing the US deficit in tandem with its intensifying rivalry with China, according to analysts. Trump announced on Wednesday that the tariff on […]
Read MoreBy Alex Kozul-Wright United States President Donald Trump has announced that he will raise import tariffs on most Canadian goods to 35 percent, even though Canada has agreed to rescind its planned digital services tax as the US demanded. This comes as Trump sends “tariff letters” to a host of countries this week, notifying them […]
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