The 1-month implied volatility on the dollar/rupee pair was at 2.3% on Monday, a day before the US elections, nearly on par with the year-to-date daily average. The options market is indicating that the Indian rupee traders were not too concerned about the potential flare-up in volatility post the US elections, a distinct contrast to […]
Read MorePrabowo has promised that the country could reach food self-sufficiency in the next four years. An advisor to Prabowo has said the food estates programme may add 20 million tons of paddy rice or 10 million tons of harvested rice. President Prabowo Subianto visited the Papua region of Indonesia on Sunday to oversee the development […]
Read MoreThe Ministry of Economic Development and Trade on Monday revealed that under the Maldives-Turkey Preferential Trade Agreement (PTA), Turkey will extend zero-duty on exports for 39 key products that previously faced tariffs up to 60 percent. The Maldives signed on the agreement with Turkey on Monday, with the Economic Ministry sharing details about the PTA. […]
Read MoreBangladesh has stopped exporting textiles and ready-made garments through Indian airports and seaports. By changing the export route, Dhaka is now sending ready-made garments to various countries via the Maldives. New Delhi is facing losses due to this, depriving it of a huge amount of revenue. This news was reported by the Indian media Livemint […]
Read MoreTurkish Trade Minister Omer Bolat has strongly rejected claims of any trade activity with Israel. He said Ankara has suspended trade relations with Israel since May and this decision is still in effect. Daily Sabah reported this in a report on Saturday (November 2). In a statement posted on social media, Bolat said, “Our customs […]
Read MoreAlong with exports to Kazakhstan, Kandahar’s pomegranates are now set to be exported to China. The Kandahar Chamber of Commerce and Investment reported that discussions have been held with several Chinese traders about exporting Kandahar’s pomegranates to China, and efforts are underway to expand regional marketing further. According to officials at the Chamber, 20,894 tons […]
Read MoreThe Trade and Development Bank of Mongolia (TDB) participated in the “Mongolia–France Business Meeting,” an event focused on fostering trade, financial, and economic development collaboration between Mongolia and the Republic of France. During the business meeting, TDB and BPIFrance, the French state-owned investment bank, signed a Memorandum of Strategic Cooperation. Through this strategic partnership, TDB […]
Read MoreThe rule covers technologies like “cutting-edge code-breaking computer systems or next-generation fighter jets,” added Paul Rosen, a senior Treasury official. The Biden administration said on Monday it is finalising rules that will limit US investments in artificial intelligence and other technology sectors in China that could threaten US national security. The rules, which were proposed […]
Read MoreToday, in the presence of senior officials from the Islamic Emirate, the Ministry of Mines and Petroleum formalized an agreement with Turkey’s 77 Company to begin cement extraction and production in the Yateem Taq area of Jawzjan province. Acting Minister of Mines and Petroleum, Hedayatullah Badri, announced that Turkey’s 77 Company would invest $163 million […]
Read MoreSrivastava emphasised that India’s revised cross-border electricity policy, which permits neighbouring countries to use its grid, has made a substantial shift in regional cooperation. The countries have signed an agreement for the transmission of 40 megawatts of power from Nepal to Bangladesh through the Indian grid. Bangladesh will soon be connected to the Indian electrical […]
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