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Putin-Trump summit canceled as Moscow refuses to soften demands
The planned summit in Budapest between Donald Trump and Vlad Putin has been cancelled. The decision came after a tense call between U.S. Secretary of State Marco Rubio and Russian Foreign Minister Ser...

$280M of sanctioned Russian oil end up at Lakshmi Mittal’s Punjab refinery
Lakshmi Mittal’s Indian refinery has taken in Russian oil for the first time since Donald Trump’s new sanctions dropped, and the shipments came in on ships that the U.S. government had already blackli...

India's top economic adviser warns of monetary policy challenges from USD stablecoins
Dollar-backed stablecoins will emerge as a major issue in the coming year and may create difficulties for countries managing their monetary systems, a top Indian economic official warned on Wednesday....

India, China come up on November 21 deadline as Trump's sanctions pressure Russia oil
Oil companies in India and China are scrambling to respond after President Donald Trump placed sanctions on Russia’s biggest oil producers, creating immediate shockwaves in two countries that have bec...

Investors believe Russia will copy Iran's backdoor tactics to dodge Trump’s new oil sanctions
Wall Street isn’t fooled. Investors believe Russia will beat Trump’s new oil sanctions the same way Iran did; slowly, but quite effectively. The penalties slapped on Rosneft and Lukoil are serious. Bu...

India's biggest private refiner quietly pulls away from Russian oil purchases
India’s entire energy equation has been changed forever. Reliance Industries, the country’s biggest private refiner, is quietly pulling away from Russian oil purchases, a direct fallout from new sanct...

India finally agrees to reduce Russian oil imports as part of U.S. trade deal
India is finally actually preparing to reduce its Russian oil imports as Washington moves closer to finalizing a major trade agreement that could drop tariffs on Indian goods from 50% down to 15%–16%,...

Japan trims Russian LNG imports as geopolitical pressure mounts
Japan’s Trade Minister Yoji Muto said on Tuesday that the country has been “steadily reducing dependency on Russian energy in the wake of the Ukraine war,” but warned it can’t immediately stop imports...

India seizes $280 million, arrests OctaFX Ponzi mastermind in Spain
Indian authorities have announced the seizure of more than $280 million from the mastermind of the OctaFX Ponzi scam. In a statement released by the Enforcement Directorate (ED) on Friday, the agency ...

IMF cites exports, AI expansion in upward review of Asia's 2025 growth forecast
The International Monetary Fund has upgraded its forecast for Asia’s economic growth in 2025. Despite trade tensions, the financial organization highlighted strong trade activities, upcoming investmen...

India pauses Russian oil buys following Trump and Modi talks
Indian refiners are freezing Russian oil deals after President Donald Trump announced that Prime Minister Narendra Modi had agreed to stop taking Russian crude, according to Bloomberg. Trump’s comment...

Wall Street’s mixed finish drags global markets lower
Global markets are trading lower early Tuesday after a shaky trading day on Wall Street that left investors uncertain about what comes next amid renewed beef between the world’s biggest economies, acc...