- Spanish PM proposes referendum on greater Catalan autonomy
- Young Indian shuttlers win titles in Ukraine
- Bi-annual talks between Indian and Bangladeshi border forces to begin in New Delhi today
- President Ram Nath Kovind calls upon Indian diaspora in Cyprus to contribute to nation building process
- J&K: Three terrorists killed, soldier martyred in security operations in Bandipora
- ITRs filed so far this year register 71% rise compared to corresponding period last year
- ITR filed so far registers 71% rise compared to last year
- Gurgaon land deal case: FIR lodged against Robert Vadra, Bhupinder Hooda
- BCCI announces 16-member India squad for Asia Cup
- Asian Games: India win bronze in men's hockey, beat Pakistan 2-1
- President Kovind holds delegation level talks with Cyprus president
- President Ram Nath Kovind addresses House of Representatives in Cyprus
- Finance Commission to visit Tamil Nadu from 5th September
- President Kovind, PM Modi extend Janmashtami greetings
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- The last date for applying for National Children Awards has been extended upto 30.09.2018
- National Nutrition Week D.O. Letter
- Circular for filling up of the Post of General Manager, RMK, an Organisation under Ministry of Women and Child Development, Govt. of India, Issued on 25.07.2018
- DoPT extended the due date for filling up the post of Executive Director, RMK upto 17.08.2018
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- Inviting proposal for engagement of Consultant for 'Women of India Organic Festival 2018, Delhi
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- Demonetisation did not slowdown economy: Niti Aayog VC - Zee Business
- As Pollution Levels Rise Critically, Experts Await Clearer Policy For Electric Vehicles - News18
- NVIDIA joins hands with NITI Aayog for hackathon - The Economic ... - Economic Times
- Vodafone Idea allots NCDs aggregating Rs 1500 crore
- Great Eastern Shipping Company gets NCLT approval for scheme of amalgamation
- Cityon Systems (India) AGM scheduled
- Blue Chip India schedules AGM
- Bilcare to convene AGM
- Dharani Sugars & Chemicals to conduct AGM
- Continental Petroleums schedules AGM
- Crane Infrastructure AGM scheduled
- Bharat Dynamics to convene AGM
- Cox & Kings to conduct AGM
- Bhoruka Aluminium to conduct AGM
- Ballarpur Industries to convene AGM
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- Ducon Infratechnologies AGM scheduled
- Kayel Securities to hold AGM
- AAP blames Modi government for 'economic mess
- Congress demands independent probe into coal scam involving 'Modi's friend' Adani
- Rat fever: High alert as Kerala toll rises
- In coming 19 days, SC to pronounce verdicts on many significant issues
- 11 killed in Nigeria attack
- Lando Norris signs Formula 1 deal with McLaren
- 2 held for illegally withdrawing cash from Delhi ATMs
- Rallyist Gaurav takes lead on Day 1 Maruti Suzuki Dakshin Dare
- Japanese firm to launch love satellites
- Chennaiyin FC participate in CSR initiative with MIFA
- MAXON Cinema 4D Release 20 Available Immediately
- Rain brings down mercury in Delhi
- Rains lashed the city on Monday, bringing down maximum temperature to 29.5 degrees Celsius, five notches below the average.
- Nifty ends below 11,600-level, down 98 points
- NSE benchmark Nifty fell sharply in late trade, down 98 points to 11,582.35 led by sharp sell-off mainly in FMCG, banking and energy amid negative global cues.
- PGTI names city leg after Jeev Milkha Singh
- The Professional Golf Tour of India (PGTI) has honoured ace Indian golfer Jeev Milkha Singh by naming a tournament, Take Open Golf Championship, after him.
- Ktka to get seven new ministers, 30 MLAs to be named to top corporations, boards
- Karnataka is likely to get seven new ministers, while 30 legislators of the Congress and the JD (S) will be adjusted as chairmen of top corporations and boards in the state, according to party leaders.
- Air officer reviews operational preparedness of southern base
- : Air Officer, Commanding-in-Chief of Southern Air Command, B Suresh inspected various sections and units at the Air Force Station in Thanjavur Monday.
- Oversupply to render sugar price recovery uncertain: Icra
- Excess supply of sugar is likely to make a sustanable price price recovery uncertain, according to a report.
- Domestic airlines may post higher losses at $1.65-1.90bn: CAPA
- The domestic airlines industry is expected to post higher losses at USD 1.65-1.90 billion this fiscal year, up from projected USD 430-460 million, amid the headwinds due higher costs and lower yields, a report said.
- Three arrested over alleged financing racket: police
- Three persons including a B Tech graduate were for allegedly running a financing racket and duping at least nine people of thousands of rupees, police said here Monday.
- Search operations for missing family continues in Assam
- Search operations by Army, NDRF and SDRF teams continued Monday for five members of a family who went missing after their vehicle fell into the Dikhow river in Assam's Sivsagar district, officials said.
- Global body to solve plant protection issues needed: ICAR
- A wide range of wild species available in sugarcane needs to be used to manage major diseases affecting the crop as done for fungal diseases in wheat, a top official of the ICAR said here today.
- Head constable dies as service rifle goes off "accidentally
- A head constable of Ludhiana police died on Monday after his self-loading rifle (SLR) went off "accidentally" in his office, the police said.
- Haryana govt renames schools
- The Haryana government has renamed two state-run
- India Red takes on India Blue in Duleep Trophy final tomorrow
- Abhinav Mukund-led India Red takes on India Blue, led by Faiz Fazal, in the final of the Duleep Trophy, the first tournament of the 2018-19 domestic season, at the NPR College ground here, beginning tomorrow.
- BJP looking at alliance route to boost its prospects in south India
- The BJP is looking at the alliance route in southern India to augment the numbers of the ruling National Democratic Alliance (NDA) during the Lok Saha elections with its leaders saying that the party is keen to keep its options open in case it requires support from more parties to return to power in 2019.
- Haryana CEO issues schedule for revision of photo electoral rolls
- As per the directions of the Election Commission of India, the chief electoral officer, Haryana has issued schedule for the special summary revision of photo electoral rolls with January 1, 2019 as qualifying
- Hazare to sit on hunger strike from Oct 2; seeks pension for farmers
- Social activist Anna Hazare will sit on a hunger strike here from October 2 over issues like appointment of Lokpal and welfare measures for the agrarian sector, including Rs 5,000 monthly pension for farmers.
- 2 men drown in pond in Raj
- Two men drowned into a mining pond near sports complex in Sathur village here, police said.
- Cong gets slight edge over BJP in urban bodies polls in Karna
- : Establishing a slight edge over BJP in a closely fought race in urban local bodies polls in Karnataka, the Congress is set to gain control of a majority of the ULBs, teaming up with its ruling coalition partner JDS.
- Karnataka govt announces Rs 50 lakh grant for startups
- The Karnataka government announced Monday a grant worth Rs 50 lakh forstartups providing solutions for rural development in the state.
- Qureshi urges Afghanistan to provide security to Pak consulate in Jalalabad
- Pakistan Foreign Minister Shah Mehmood Qureshi today urged his Afghan counterpart to provide proper security to the country's consulate in Jalalabad so that it can resume its operation at the earliest.
- Vedanta Resources to delist from London Stock Exchange by October
- Mining mogul Anil Agarwal's Volcan Investments Ltd announced on Monday that it is set to delist Vedanta Resources from the London Stock Exchange on October 1 after a successful buyout of the company's shares.
- Official Apathy: Deputy CDM Sacheti upgrades himself to business class while players travel economy
- The deputy chef de mission of the Indian contingent, R K Sacheti, was flying back home on a business class ticket while the athletes who competed at the Asian Games were made to travel economy class.
- Robin Wright to reprise her 'Wonder Woman' role in sequel
- Robin Wright is all set to reprise her role as Amazonian warrior general Antiope in "Wonder Woman 1984".
- Lawyer for JD.com CEO says does not expect charges to be brought
- Indian markets dive on fresh concerns over SEBI's foreign fund rules
- Choice International signs deal to acquire broking business of NG Rathi Group
- L&T Infotech OFS subscribed 3 times, sale sees bids for 29.8 million shares
- Meet The 38 Year-Old Entrepreneur Who Built A $1 Billion Oil Company In Ghana
- Channel - Block D - Billionaires - blog - Position 3 - Meet The 38 Year-Old Entrepreneur Who Built A $1 Billion Oil Company In Ghana
- Channel - Block D - Billionaires - blog - Position 4 - Kenyan Multi-Millionaire Industrialist Chris Kirubi Sells BIC Franchise
- Channel - Block D - Billionaires - blog - Position 5 - Nigerian Oil Tycoon Tonye Cole Joins Politics
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- Modern Slavery Statement
- My Struggle: Book Six. By Karl Ove Knausgaard. Translated by Don Bartlett and Martin Aitken.Archipelago; 1,160 pages; $33. Published in Britain as âThe Endâ by Harvill Secker; £25. THE title of the British edition of the sixth and final volume of Karl Ove Knausgaardâs âMy Struggleâ seems self-explanatory.
- Bharti AXA Life and Bharti AXA General simplify claims procedure for Kerala/Karnataka flood victims
- Anti-money laundering pact with Cyprus to boost investment cross-flows: Kovind
- Northeast faces 27% shortfall in rainfall
- The Aam Aadmi Party (AAP) on Monday blamed Prime Minister Narendra Modi for the deteriorating economic condition, saying "the economy was never in such a mess".
- Taking the attack further against Prime Minister Narendra Modi over crony-capitalism, the Congress on Monday targeted the centre over a stalled probe against the Adani Group and demanded a time-bound, independent probe by a Special Investigation Team (SIT) into an alleged Rs 29,000-crore scam involving over-valuation of coal imports.
- Were present in 20% homes globally: Chipmaker MediaTek
- AspenTech Modernizes Global Data Backup and Recovery Strategy with ExaGrid
- Bangladesh approves draft law banning child labour
- China pledges $60 bn to Africa, waives debt for certain countries (Lead)
- 33 Africans drown in Yemen
- Eleven persons were killed and 12 others injured in an attack in Nigeria's Jos city, police said on Monday.
- A Japanese start-up linked to the University of Tsukuba is set to launch small satellites with commemorative titanium plaques carrying love messages into space by the end of 2019, the company said on Monday.
- PDP activist escapes attempt on life
- With speculation about Justice Ranjan Gogoi becoming the next Chief Justice of India nearly over, the next 19 working days will witness pronouncement of judgments on a series of significant issues such as Aadhaar, Ayodhya title suit, prohibition to the entry of menstruating women in Sabrimala temple, the "discriminatory" adultery law and the reservation in promotion for SC/ST.
- Two persons were arrested for illegally withdrawing cash from various ATMs in the national capital, police said on Monday.
- Kerala was put on high alert for three weeks as two more people succumbed to rat fever on Monday, taking the death toll to nine in the past three days following unprecedented floods.
- Kerala requires Rs 30K cr for rebuilding: Minister
- Priyanka Chopra advocates timely intervention for asthma
- Flood -battered Kerala needs Rs 30,000 crore to rebuild, Finance Minister Thomas Isaac said on Monday.
- Microsoft redesigning Skype for mobile, desktop
- Water worlds could support life: Study
- Microsoft is redesigning Skype's interface for both mobile and desktop, eliminating the less used features on the app and simplyfying its core functions like voice calling, video chatting and messaging.
- The conditions for life on planets entirely covered in water are more fluid than previously thought, which opens up the possibility of water worlds being habitable, according to a new study.
- Team for PanAfrica Rally announced
- S. Korean U-23 footballers return to heroes' welcome with Asiad gold
- British Formula two driver Lando Norris has signed a multi-year deal to join McLaren's Formula One lineup starting in 2019, the team announced on Monday.
- Indias ace rallyist Gaurav Gill came up with a powerful performance to race ahead of the pack on the opening day of the 10th edition of the Maruti Suzuki Dakshin Dare here on Monday.
- Chennaiyin FC participated in a Corporate Social Responsibility (CSR) initiative with the Malaysian Indian Football Association (MIFA) here.
- Special compensation package for coffee growers
- Music icon Aretha Franklin didn't leave a will; worth of her estate yet to be estimated
- Karnataka local body result sends hopes soaring for Congress ahead of LS polls
- Telangana CM Chandrasekhar Rao hints at early assembly polls
- Why Lata Mangeshkar is upset with Pak singer Ati...
- How unfamiliar will global economy be in 10 years? Take a look
- Iran may have found a secret weapon to counter US
- Open that demat a/c, if you haven't already
- NPAs, not note ban, hurt growth: Niti VC
- Congress comes first in Karnataka civic elections
- Civic poll results lift Cong's LS hopes in K'taka
- Rotten potatoes: Govt's answer to rising fuel bill
- RBI unions withdraw mass casual leave plan
- Why Lata Mangeshkar is upset with Pak singer Atif Aslam
- Overconfident CEOs more likely to get fired
- Secret oil shipments could help Iran cushion US sanctions blow
- Third 'Guardians of the Galaxy' film put on indefinite hold after James Gunn firing
- Sitting for long hours at your desk? It can kill you
- Between 2030 and 2060, gross domestic product in the U.S. will grow at an average of just under 2% a year.
- Almost 200,000 barrels a day of the country’s post-sanctions oil sales could be undisclosed.
- Market regulator Sebi will not allow shares to be bought or sold in physical format after 5 December.
- Health News 24/7
- Almost 200,000 barrels a day of the country’s post-sanctions oil sales could be undisclosed, according to Robin Mills, chief executive offic...
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- Fresh crisis in Manipur university
- How unfamiliar will global economy be in just 10 years? Take a look
- Are direct MF investors being shortchanged?
- Secret oil could help Iran cushion US sanctions blow
- Almost 200,000 barrels a day of the countryâs post-sanctions oil sales could be undisclosed, according to Robin Mills, chief executive officer of consultancy Qamar Energy in Dubai.
- Coffee Board has asked for special compensation package for the coffee growers of Karnataka, Kerala and Tamil Nadu.
- Kumar added that no conclusive proof was established of a link between the economic slowdown and DeMo.
- While the govt is hoping the rally in global rates declines soon, it is also looking at alternatives.
- Sri Lanka recently secured a $1 billion syndicated loan from China Development Bank. But the $1.25 billion in loans will push Sri Lanka closer to China.
- According to a Sebi order dated August 30, the entities had acquired shares of Network 18 Media and Investment Ltd, following which their shareholding had increased beyond threshold limit of 2 per cent on separate instances in the year 2008, 2009 and 2012.
- BJP state president BS Yeddyurappa accused the Congress- JD(S) coalition govt used officials and money in polls.
- Pandey has stated that he has joined duty on Saturday last leading varsity students to announce fresh agitation programme from September 4.
- Despite access to these tactics, there is little doubt that Iranâs energy industry and economy will be hurt by the U.S. penalties. The countryâs exports to Europe have already plunged 45 percent, or 226,000 barrels a day, since May, and Total SA and Royal Dutch Shell Plc have completely stopped buying the countryâs oil.
- Asian Games 2018: India shatter records in Indonesia
- Dave Bautista might not return as Drax in Guardians of the Galaxy 3, says he isn't sure of working with Disney
- Shah Rukh Khan and AbRam celebrate Janmashtami
- Deepika Padukone in next xXx film, confirms director DJ Caruso
- Manikarnika controversy: Major portions of Kangana Ranaut's film to be reshot
- Anna Hazare to sit on hunger strike from Oct 2; seeks pension for farmers
- According to a statement in Ralegan Siddhi on Monday, Anna Hazare also sought implementation of the Swaminathan Commission recommendations to alleviate the plight of farmers,…
- Congress urges Kerala government to drop plan to seek aid abroad
- DU earns over Rs 3 cr in revaluation fees, fights against bringing answer-sheets under RTI
- According to the information provided by the university, it earned Rs 2,89,12,310 for revaluation alone between 2015-16 and 2017-18. During the same period, it earned Rs 23,29,500 for rechecking and Rs 6,49,500 for providing students copies of answer-scripts evaluated
- Lady Gaga, Dakota Johnson, Cate Blanchett: Best dressed at the Venice Film Festival 2018
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- Wary of real estate boom, a Goa village pools land to revive farming after 30 years
- Xiaomi Redmi 6, Redmi 6A, Redmi 6 Pro: Rumours, expected price in India, specs, etc
- Nagalandâs Kiphire, worst affected by rains and landslides, slowly breaks out of its isolation
- Shah Rukh Khan and AbRam celebrate Janmashtami
- Anna Hazare to sit on hunger strike from October 2; seeks pension for farmers
- Dave Bautista might not return as Drax in Guardians of the Galaxy 3, says he isn’t sure of working with Disney
- Lady Gaga, Dakota Johnson, Cate Blanchett: Best dressed at the Venice Film Festival 2018
- Harnessing good jugaad could help establish India as a world leader
- Ronaldo
- Locals enacted some unconventional laws to keep this tiny town tiny
- Bilal Harry Khan
- Noor Jehan
- Fibromyalgia is a common, little-understood condition that is seven times more likely to affect women than men.
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- Argentina announces 'emergency' austerity
- Middle East
- Brazil World Cup winner Ronaldo becomes the majority shareholder of Real Valladolid, after purchasing a 51% stake in the La Liga club.
- Tributes and reaction after England's all-time leading Test runscorer, Alastair Cook, announces plans to retire after this week's fifth Test against India at The Oval.
- Podcaster Bilal Harry Khan discusses the challenges of growing up with his name in the UK
- Nur Jahan broke many male bastions to become a powerful ruler in 17th Century India
- What it's like to live with fibromyalgia.
- Indiaâs ingenious approach to life
- Ronaldo buys stake in Real Valladolid
- Cook retires from England duty - tributes and reaction
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- Incoming GitHub CEO pays secret visit to Israel
- Nat Friedman, the next CEO of Microsoft's software developers' platform, met with leading Israeli venture capital funds.
- Rising inflation means rate hike sooner rather than later
- While leaving the interest rate at 0.1%, the Bank of Israel is preparing the market for a future interest rate hike.
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- 43rd OANA Executive Board Meeting officially opens in Tehran
- The official opening ceremony of the 43rd Executive Board Meeting of the Organization of Asia-Pacific News Agencies (OANA) has been held in the capital of the Islamic Republic of Iran, Tehran ...
- Russian President: North-South transport corridor is considered to be one of the most important projects
- Azerbaijan-Russia documents signed
- Petrol, diesel prices at highest-ever levels on rupee woes
- Asian Games shows new trend in Indian sport, says Kapil Dev
- âSometimes you have to find the opportunity and write your destinyâ
- It was the most dangerous nuclear situation'
- American journalist Seymour Hersh's autobiography reveals important details of India-Pakistan tensions over Kashmir
- Ronaldo, Salah, Modric in race for FIFA best player award
- Lionel Messi has been omitted from the shortlist after featuring in the top three for 11 straight years.
- Banks offer to provide loans to flood victims
- Banks have agreed in principle to sanction up to â¹1 lakh to victims of the recent flood who are also beneficiaries of a grant of â¹10,000 provided by
- 13 killed as vehicle falls into gorge in Uttarakhand
- All the 13 bodies, including three of women, have been recovered, the official said.
- Rupee falls to record low of 71.10 against dollar, crackdown against overground Maoists supporters planned, and other top stories of the day
- Rupee falls to record low of 71.10 against US dollarThe Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the U.S. dol
- Rafale scam is much bigger than Bofors: Prashant Bhushan
- He questions the decision to involve Reliance in the fighter jet deal
- Srisailam, Sagar projects brimming with water: Uma
- The Srisailam and Nagarjuna Sagar (NSP) projects are brimming with water, with a storage of 205.23 tmcft (full capacity 215.81) and 300.84 tmcft (312
- Sholay Redux? Manâs Arms Chopped Off After He Inquired About His Missing Cow
- GAIL To Get Future Ready: Plans Network Of Electric Vehicle Charging Points At CNG Dispensing StationsÂ
- Siddaramaiah Declines Congressâ Offer To Contest Upcoming Lok Sabha Polls
- Congress's social media test for ticket aspirants in Madhya Pradesh polls
- PM Modi has assured all support for Kerala: actor Mohanlal
- Congress's social media test for ticket aspirants in Madhya Pradesh polls
- Hearthstone - A look at the event in which India won a bronze in eSports at Asian Games 2018
- RBI introduces Internal Ombudsman Scheme for stronger redressal of banks' customer complaints
- BJP MP demands formation of panel for men similar to National Commission for Women
- Podcast | Editor's Pick of the Day: Breaking down India's record 8.2% GDP growth in Q1FY18
- RBI buys 8.46 tonne of gold in FY18; first purchase in 9 years
- Apple's self-driving car involved in first recorded collision
- Karnataka to Get 7 New Ministers, 30 MLAs to be Named to Top Corporations, Boards
- Arrested Ex-Sena Corporator Helped Train Alleged Shooter in Dabholkar Murder Case
- PM Modi likely to announce road map for electric mobility this week
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- Brent Gains Above $78 As Lower Iranian Crude Flows Curb Supply
- RBI Directs Banks With Over 10 Branches To Have An Internal Ombudsman
- RBI Makes First Gold Purchase In Nine Years; Buys 8.46 Tonnes In FY18
- Auto Sales A Mixed Bag In August
- M&M Unveils The Marazzo To Regain Share In Utility Vehicles
- Abu Dhabi Banks In Talks To Create Fifth-Biggest Gulf Lender
- Indiaâs Manufacturing Growth Eases Further In August
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- Rafale jets land in India as part of mission 'Pegase' amid row
- Early polls has benefits, TRS will play decisive role at Centre: KTÂ Rama Rao
- US military grant neither aid nor assistance: Pakistan
- Stree movie celebration: Shraddha and Rajkummar in Bandra
- Its all about the day for boxer says Jayadev Bisht
- I will love Piyush Mishra even if he slaps me: Anurag Kashyap
- Apple to repair iPhone 8 logic boards for free
- The third "xXx" movie, featuring Deepika as Serena Unger, had grossed over $300 million worldwide.
- Operation Gold Fish: Movie crew double up as co-producers
- Lebanese officials voice concerns over U.S. decision to defund UNRWA
- 13th Int'l Street Theater Festival held in Iran
- Short circuit blamed for China's deadly hotel fire
- Kuwait condemns Boko Haram deadly attack in NE Nigeria
- At least 4 dead, 20 injured in N. Spain bus crash
- 5 dead, 15 missing in floods, mudslides in Yunnan
- Commentary: Fixating on Peng Shuai case obscures sobering look ahead at future of Chinese tennis
- China to raise retail prices of gasoline, diesel
- German carmakers to be hit hard by new U.S. import tariffs: newspaper
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- 2018 Slovak Int'l Air Fest kicks off at Sliac airport, central Slovakia
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- Siddaramaiah Declines Congressâ Offer To Contest Upcoming Lok Sabha Polls
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- Raghuram Rajan responsible for economic slowdown, says Niti Aayog vice chairman
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- Trump's trade war with China is still raging â" here are the states that could end up getting whacked
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- Copyright:(C)Mon 03 Sep 2018, 19:34:012018Mon 03 Sep 2018, 19:34:01 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
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- Copyright:(C)Mon 03 Sep 2018, 19:07:112018Mon 03 Sep 2018, 19:07:11 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- By Daniel MossThe U.S. economy will grow a bit faster than China.Huh? Thatâs not a typo. Itâs one of the projections in a fascinating OECD paper sketching scenarios for the world through 2060. Other developments canvassed: Chinaâs share of global output peaks in the 2030s and then declines while Indiaâs slice keeps rising. Indonesiaâs economy catches up to its population. The forecast for the U.S. to outstrip China is not a prediction of any economic miracle in America â" just an acknowledgment that China has set itself up for a brutal demographic collapse. Shortly after China overtakes the U.S. economy in size, all the legacies of the one-child policy coalesce as the society seriously ages, stalling out the Middle Kingdomâs expansion. The U.S. will face demographic challenges, too, but nothing like this.Between 2030 and 2060, this paper projects, gross domestic product in the U.S. will grow at an average of just under 2 percent a year. Not too different from the past decade. China will expand an average of 1.8 percent a year, a smidge behind the U.S., but a vast change from the low double digits weâve seen in recent decades.The most important function of the OECD paper, by Yvan Guillemette and David Turner, is that it obliges us to consider what happens after tomorrow.Chinaâs economy is ascendant and will replace the U.S. as the largest around 2030. Weâve all heard that bandied around, so much thatâs not seriously questioned. Then the story tends to stop. We donât hear much about the next chapter. Kudos to the OECD duo for taking a crack at it.Itâs easy to assume that because China has made such great strides, itâs destined to keep rising. There are echoes in the way people once talked about Japan. History may not be kind to this assumption.Underpinning the OECD paper is the dominant contemporary narrative that Asia is on the upswing: âOne consequence of the rising importance of emerging markets in the world economy, notably China and India, but also Indonesia, is that the centre of gravity of world economic activity continues to move from North America toward Asia.âAmerica wonât recede into the sunset quietly sipping iced tea. Thereâs more to economic clout than just raw GDP. We still live in a unipolar financial world with only one currency (the dollar) and one central bank (the Federal Reserve) that really matter. In time, China and India will get those things, if only to support economies of their projected size. Indonesia is a step or two behind them, but is appropriately mentioned in the same breath.
- by Ellen MilliganDiscounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil exports flowing after U.S. sanctions resume in November.Iranâs Oil Minister Bijan Namdar Zanganeh alluded to this toolbox, which was used in the past, when he said Iran will find âother waysâ to keep its crude in the market. The measures wonât be enough to blunt the full impact of sanctions on oil exports, which have already slumped to the lowest level since March 2016.In the last era of oil industry sanctions, the OPEC nation disabled tracking systems on its fleet of tankers, concealing destinations and volumes of oil exports. Millions of barrels of Iranian oil were unaccounted without the trackers.Almost 200,000 barrels a day of the countryâs post-sanctions oil sales could be undisclosed, according to Robin Mills, chief executive officer of consultancy Qamar Energy in Dubai. âExports at these levels will be important in cushioning the financial blow to Iran, but will not have a major impact on the world market.âChina, Turkey and India will likely continue to buy Iranian oil after the resumption of sanctions on November 4, with Chinaâs smaller refineries taking some of the murky, undisclosed shipments, according to Iman Nasseri, managing director of the middle east at FGE London. In total, Iran could export 800,000 barrels of oil a day well into 2019, including some 20,000 barrels sent by trucks to Iraq, Afghanistan and Pakistan, he said.History shows that Iran can keep exports going, albeit at a far lower rate, even as Japan, South Korea and most European countries shun its oil months before the resumption of sanctions in November. Many buyers wonât be able to resist steep discounts, and some may revamp a barter trade that was effective earlier this decade.âBarter trade and special funding mechanisms are among ways that could allow payments to Iran to continue within the framework of the sanctions,â said Ehsan Khoman, head of Middle East and North African research at Mitsubishi UFJ Financial Group Inc. He said India devised agreements between 2012 and 2016 to buy Iranian oil with rupees, and then Iran used the proceeds to import goods from India.65659867
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