Chinese construction giant planning to sign up oil pipeline projects in Iraq

China State Construction Engineering Corporation is looking for opportunities in Iraq’s oil industry and believes it could sign at least one contract per year for oil infrastructure in Iraq, Yu Tao, the head of the Middle Eastern division of the Chinese construction giant, told Reuters on Thursday. “We are paying more attention to the oilfields because that […]

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Is it silver’s time to shine brighter than gold?

By Biman Mukherji Often called the poor man’s gold, it may soon be silver’s time to shine brighter for hordes of investors. While turbulent equity markets, geopolitical tensions and expectations of a U.S. Federal Reserve rate cut has driven up gold to six-year highs internationally and all-time highs in India recently, silver has lagged unusually […]

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Indian basmati exporters find hedging tool amid Iran uncertainty

Indian exporters of basmati rice, who have been facing uncertainty due to tensions between leading buyer Iran and the United States, will probably breathe easier with the launch of a futures contract that will enable hedging against such risks.   The National Commodity and Derivatives Exchange Ltd (NCDEX) will today launch a basmati contract called Pusa […]

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