Coinbase Indian Expansion Plans Hit as Crypto Payments Frozen Across India

Turmoil hit India’s crypto traders after United Payments Interface, a central bank-backed entity said it was “not aware” of any crypto exchange using the network. Just hours earlier Coinbase Global’s chief product officer Surojit Chatterjee said crypto investors would now be able to use the country’s online retail payments system to transfer funds to its local exchange. At least seven crypto firms have suspended rupee deposits with Crypto exchanges already under pressure from the Indian tax regime. Coinbase customers are … Continue reading “Coinbase Indian Expansion Plans Hit as Crypto Payments Frozen Across India”

India Buys Russian S-400 Surface to Air Missiles Ignoring US

India has begun receiving Russian S-400 Triumf missile systems ignoring the threat of what many see as an impotent US. with sanction threats. India sees them as a boost to New Delhi’s air defense capabilities with the threats along the borders with China and Pakistan. Significantly the delivery is happening ahead of Russian President Vladimir Putin’s visit to India for an annual summit with India’s Prime Minister Narendra Modi next month. Source: NikkeiAsia From The TradersCommunity News Desk

Indian Job Postings Hit All Time High in September

The Indian job market continues to expand, for the third consecutive month in a row job openings are picking up. The latest Naukri JobSpeak report had 2,753 job postings an all-time high in September surpassing pre-COVID levels in September 2019 by 21 per cent. “The continuous positive growth of the IT-software/software services sector has enabled major IT hubs to outperform other cities in the annual growth charts, it said. Bengaluru (133 per cent), Hyderabad (110 per cent), Pune (95 per … Continue reading “Indian Job Postings Hit All Time High in September”

With Crude Elevated U.S. Actively Considering Iran Oil Sanction Waivers

Both the U.S. and Iran are in a tight spot with Iran’s imploding economy and impending isolation oil prices have soared to 4 year highs. Iran plans to use private companies to counter sanctions. With high oil a risk to the global economy the US is considering waivers.

The Fragile Five Emerging Markets Contagion Risk

The emerging markets known as the ‘fragile five’; Brazil, India, Indonesia, South Africa and Turkey have shown that contagion is unavoidable when you are a high interest-rate economy with a trade deficit dependant on foreign capital to balance its books. 

Iran Looks to Private Oil Exports To Counter U.S. Sanctions

Iran is in a tight spot. The U.S. pulled out of the Iran nuclear deal, its currency has fallen about 50% since and locals are protesting as they lose purchasing power. Now throw in Trump’s call to send oil exports to zero and have Saudi Arabia fill the gap. What to do, go private? 

Australia Largest Exporter of Iron Ore To India, Replaces Brazil and South Africa

Australia replaced South Africa and Brazil as the major exporter of iron ore to India for the 2017-18 fiscal year ended 31 March after being a marginal supplier for the past several years. Fortescue Metals exported the majority of the ore with over 2mn t of medium-grade fines since January 2018.