After months of shortages and uncertainty, India sees an opportunity to restore a once-crucial energy relationship.
Category: India
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Thousands of Miles From the Iran War, Asia’s Currencies Feel the Strain
The New York Times – Business:Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.
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Federal Prosecutors Move to Drop Bribery Case Against Indian Magnate
The New York Times – Business:Gautam Adani had been accused of lying to American investors about payoffs in India. The end of the case came as President Trump has signaled a transactional approach to justice.
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Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’
The New York Times – Business:President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
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Modi’s Triumph in West Bengal Elections Puts Him Closer to an Opposition-Free India
The New York Times – Business:With his triumph in West Bengal state elections, Prime Minister Narendra Modi has moved closer to his dream of an opposition-free India.
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‘City of Glass’ Is Under Threat From Iran War
The New York Times – Business:In India, Firozabad has depended on its glassmaking industry for centuries. Fuel prices are starting to shatter businesses already under pressure.
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First Fully Loaded L.N.G. Tanker Since War Began Appears to Have Crossed the Strait
The New York Times – Business:Liquefied natural gas transit has been effectively halted. A ship managed by Abu Dhabi’s state oil company managed to cross, said Kpler, a maritime data firm.
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War Exposes Gaps in India’s Clean Energy Push
The New York Times – Business:The country’s creaking electricity grid is lagging behind its push for renewable sources — just as its growing economy hungers for oil stranded by war.
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This Is What Happens When the Gas Runs Out
The New York Times – Business:With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the Middle East, are already burning more coal and reducing consumption.
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Elon Musk Joins in Phone Call Between Donald Trump and Narendra Modi
The New York Times – Business:Mr. Musk’s participation was notable because it is rare for a private citizen to be on a call between heads of state. It also suggests that Mr. Musk is back on better terms with the president.
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Asia Is Getting Crushed Between Oil Prices and the Dollar
The New York Times – Business:From India to Southeast Asia to South Korea, currencies are crumbling as governments race to secure fuel that is priced in American money.
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War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest
The New York Times – Business:Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.