Guyana Financial News

Romario Shepherd made headlines on Sunday by slamming 39 runs in just 10 balls during an Indian Premier League match at Wankhede Stadium in Mumbai, helping the Mumbai Indians register their first victory of this year's IPL season. Shepherd went berserk in the final over, smashing a boundary on each delivery. After finding the fence on the first delivery, he showed his ruthless power by hitting three consecutive sixes off the first three deliveries, leaving Nortje clueless. Another four and a six to end the innings powered MI to 234/5. His swashbuckling performance was crucial in the Mumbai Indians' victory. MI went on to register their first victory in the IPL season, defeating the Delhi Capitals by 29 runs.

«India's export trade expansion has been impressive in spite of global challenges in 2023,» the official said. India's merchandise exports have recorded healthy growth in European nations like Romania, Czech Republic, Montenegro, Finland, the Netherlands, Portugal, Luxemburg, Iceland, Ireland, and Austria.

ICRA said: "India is a large consumer accounting for about 4-5% of the global consumption. Accordingly, India along with China and other large economies would impact overall demand and demand growth and Opec would be watching out for demand growth of the country." "However even considering global peak oil demand there is still a long way to go, so capacity and production increases by Opec are being done.

T20 World Cup 2024 is reaching the shores of America. The event marks the first time an ICC World Cup will be held in the USA. Newly built, state-of-the-art modular 34,000-capacity stadium in Nassau County, New York will host eight world cup matches including the marquee clash between two giants of world cricket — India and Pakistan. India versus Pakistan T20 World Cup 2024 match is scheduled to be played on June 9. The match scheduled to start at 10.30 am (EDT).

Russia and China on Friday vetoed a US-led draft resolution at the Security Council on a ceasefire in Gaza, with Moscow accusing Washington of a «hypocritical spectacle» that does not pressure Israel. The United States, Israel's main ally which has vetoed previous ceasefire calls, put forward the resolution which for the first time would have supported «the imperative of an immediate and sustained ceasefire» and condemned the October 7 attack by Hamas.

By Marianna Parraga

Caribbean leaders say all groups and political parties except one have submitted nominees for a transitional presidential council charged with selecting an interim prime minister for Haiti

Quiver Quantitative — Hedge fund managers, having wagered billions on Chevron (NYSE:CVX) acquisition of Hess (NYSE:HES), are steadfast in their bets despite potential complications arising from Exxon Mobil 's (NYSE:XOM) claim over Hess’s stakes in a Guyana oil project. This claim poses a new obstacle to Chevron's $53 billion acquisition, touted as the crown jewel for its strategic expansion. Exxon’s assertion of its preemptive purchasing rights over Hess’s share in the lucrative offshore development follows escalating geopolitical tensions between Guyana and Venezuela, adding layers of complexity to the already intricate acquisition process.

NEW DELHI : India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil at a time when the Organization of the Petroleum Exporting Countries and its allies have decided to extend their production cuts. India will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday. The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added.

NEW DELHI : India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil after the Organization of the Petroleum Exporting Countries and its allies decided to extend production cuts. India will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday. The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added.

Lance Klusener has joined Lucknow Super Giants (LSG) as the assistant coach ahead of the Indian Premier League (IPL) 2024 season. LSG announced his appointment on Friday with a statement that read, «Lucknow Super Giants (LSG) have added South African legend Lance Klusener to their formidable roster of coaches for the Indian Premier League (IPL) 2024 season.» Klusener will join head coach Justin Langer and assistant coach S Sriram in Lucknow's experienced backroom staff line-up. Klusener is also the head coach of the SA20 franchise Durban Super Giants, who are Super Giants affiliate. He guided the franchise to SA20 final earlier this year.

Chevron warned Monday that its pending $53 billion acquisition of Hess, another oil and gas company, may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an ...

Authorities say an offshore oil spill that prompted Trinidad and Tobago to declare a national emergency earlier this month has reached the shores of the Dutch Caribbean island of Bonaire hundreds of miles away

Stocks held near their record levels after a quiet day of trading

$53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oil field off the coast of the South American nation Guyana. The disclosure in a filing with the Securities and Exchange Commission raised investor qualms, depressing shares of both Chevron and Hess. Chevron's stock price fell 3% Tuesday morning before rebounding; Hess stock lost 4% of its value but bounced back slightly.

Ottawa’s policy of preventing Chinese companies from investing in Canadian-listed firms may be put to the test after Vancouver-based Osino Resources Corp. agreed to be bought by Yintai Gold Co. Ltd. for $368 million.

Caribbean leaders have met with embattled Haitian Prime Minister Ariel Henry to talk about his country’s unrelenting gang violence

The government of Trinidad and Tobago says it is partnering with international experts to remove the wreckage of a barge that capsized in nearby waters and caused a major oil spill

Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.

The government of Venezuela accused neighboring Guayana of granting illegal oil exploration concessions in territory the two nations are disputing

Global disruptions may pose many challenges to how the world operates but they also offer considerable opportunities, the Prime Minister of Guyana Brigadier Mark Anthony Phillips said, giving the example of India's Vaccine Maitri that helped vulnerable countries at a time of need and propelled domestic manufacturing as well. Guyana, which has produced legendary cricketers like Clive Llyod and fast bowling debutant Shamar Joseph who propelled the West Indies to a stunning Test victory over Australia last month, has close diplomatic relations and a unique tie to India. The Prime Minister shared that 40% of Guyana's population comprises people of Indian origin. In his address at the summit, Phillips made a case for innovative and collaborative approach to meet common challenges being faced by nations across the world. «In the simplest of terms, global disruptions essentially change how the world operates. In today's world, disruptive forces such as technology, globalisation, and economic and demographic change, are constantly occurring,» the PM said.