Russia Financial News

US stock futures pointed to a rebound from last week’s selloff, while Treasury yields rose. Wheat prices climbed as Ukraine attacked a Russian oil tanker in the Kerch Strait, threatening a key export route. 

Reliance Industries Ltd plans to shut a crude unit and some secondary units at its 704,000 barrels per day (bpd) export focused plant for maintenance in September-October, three sources familiar with the plan said. Reliance is the operator of the world's biggest refining complex which houses two plants with a combined capacity of about 1.4 million barrels per day.

rupee strengthened on Monday, snapping a four-day losing streak, but continued to trade in a narrow range due to demand from importers and rising concerns about elevated crude oil prices. The rupee ended at 82.74 per dollar, gaining 0.12% on the day. The local currency had ended at 82.84 on Friday.

investors a fillip. This year the S&P 500 index of big American firms is up by nearly a fifth. Markets are especially bullish about a handful of tech firms and carmakers.

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semiconductors, from this month. Trade tensions between China and the US don’t look like easing any time soon despite the Biden administration’s overtures to Beijing, including visits to China by top US officials such as Yellen. This has inescapable consequences for global trade.

consign coal to history". As recently as 2020 the iea believed consumption had peaked a decade ago. Yet King Coal looks brawnier than ever.

Gold rate today: Amid US dollar hitting three-week low and Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting scheduled to begin from tomorrow, gold future contract for October 2023 expiry on Multi Commodity Exchange (MCX) opened higher at ₹59,550 per 10 gm and continue to remained sideway around its two week higher levels that it had achieved during Friday deals last week. In international market gold prices shed around 0.20 per cent during early morning session at various Asian stock markets.

₹215 crore) worth of fund transfers have been frozen by OFAC, targeting entities allegedly involved in the import of rough diamonds sourced from Russia, The Economic Times reported. The impact of this move has been felt by the United Arab Emirates (UAE) subsidiaries of Indian diamond houses, whose dollar payments have been stalled due to suspicions of connections with Russian miners and sanctioned entities. As a result, the intended payments for rough diamond sellers have not been fulfilled, as instructed by US authorities to the banks handling the nostro accounts of the suppliers, the publication reported.

Oil prices extended gains on Monday to touch their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices. Brent crude futures rose 25 cents, or 0.3%, to $86.49 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude was at $83.05 a barrel, up 23 cents, or 0.3%.

Heritage Foundation V.P. of Foreign Policy James Carafano on Ukraine President Zelenskyy blaming lack of munitions for slowed counter offensive, and the U.S. and its allies conducting military exercises in Australia.

This week would be crucial for domestic markets as RBI is set to announce its interest rate decision. «Markets are likely to move in a broader range with some volatility. Interest-sensitive sectors are expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 20000 zones while an immediate trading range in between 19200 to 19600 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 8 points, or 0.04 per cent, higher at 19,596.50, signaling that Dalal Street was headed for muted start on Monday.

By Boureima Balima

By Pavel Polityuk

Rivne regions in western Ukraine and that «all targets were hit.» «Overnight Russia's armed forces carried out strikes… on Ukrainian armed forces airbases around the settlements of Starokostiantyniv in the Khmelnytskyi region and Dubno in the Rivne region,» the Russian defence ministry said. Ukraine said it faced several waves of attacks overnight, downing 30 out of 40 cruise missiles.

Associated Press analysis mentions the take of Nigeria's Senate on Saturday which urged its President to explore options other than military ones. Nigeria President Bola Ahmed Tinubu is the current chair of ECOWAS where decisions are taken by consensus with member states. Moreover, any military action against Niger is likely to create more chaos in the region, and two non-ECOWAS countries Algeria and Chad with strong militaries have warned against any military action against the Niger coup leader and have said any such action will be a “declaration of war" against them too.

National Security Advisor (NSA) Ajit Doval, who is in Jeddah at present, said that India has regularly engaged both Russia and Ukraine since the beginning of the conflict at the highest levels. During a two-day conference on the Ukraine crisis in Jeddah, Saudi Arabia, Doval reportedly said, "India supports the global order based on principles enshrined in UN Charter and international law. Respect for sovereignty and territorial integrity by all states must be upheld without exception.

NSA) Ajit Doval has said that India has engaged with both Russia and Ukraine on a regular basis at the top most level, ever since the conflict between the nations broke out, as per reports. Doval is learnt to have made these observations during the summit of NSAs in Jeddah, hosted by Saudi Arabia to discuss the Ukraine-Russia conflict.

U.S. atomic bombing on Hiroshima, where its mayor urged the abolition of nuclear weapons and called the Group of Seven leaders' notion of nuclear deterrence a «folly». The day to commemorate the victims of the world's first nuclear attack comes as Russia has raised the spectre of using nuclear weapons in its war with Ukraine.

Russian oil tanker early Saturday off the eastern coast of occupied Crimea, Russian officials and a Ukrainian official said, the second strike on a Russian ship at sea in two days. That attack coincided with a new directive from Ukraine's maritime authority, dated Friday, warning that six Russian Black Sea ports and the approaches to them would be considered «war risk» areas until further notice.

Chandrayaan-3 spacecraft, which has covered about two-thirds of the distance to the Moon since its launch, successfully entered into the Lunar orbit on Saturday, former ISRO scientist Tapan Mishra said the lunar mission was an illustration of the country breaking new grounds in space exploration. Speaking to in Kolkata, Mishra said, «Our rockets (launch vehicles) are not very powerful. Once the rockets escape the earth, they need a velocity of 11.2 km/s to make further progress.