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”
China and India Growth Target Cut by Asian Development Bank
The Asian Development Bank (ADB) on Tuesday cuts its growth forecast for China and India for 2019 and 2020. The ADB sees a weaker outlook in China, India and the surrounding region in Asia.
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.
UAE Plans to Double Refining Capacity and Triple Petrochemicals
UAE state oil giant Abu Dhabi National Oil Company plans to invest $45 bln over the next 5 years in downstream expansion. ADNOC plan to double its refining capacity and triple petrochemicals output potential by 2025.
India Aluminum Production Ramped Up Last Year, Now At Risk in Trade War
With the U.S. placing tariffs on China sparking trade tensions after aluminum and steel tariffs it is important to anaylse the backdrop with the production and demand gap. Then throw in the ramp in production in India and China.
How Will New India Gold & Commodity Options Affect Future Price
India is home to huge demand for gold with buyers subject to speculative market cycles. In a move to allow hedging of this risk the India market regulator moved to allow commodity exchanges to start trading options in 2017.