US diplomat expects to see greater collaboration among the US, India, Japan and Australia, the regional group known as the Quad, following Modi's visit to the US

The Reserve Bank of India said the country's current account deficit stood at $1.3 billion or 0.2% of GDP in January to March, the fourth quarter of 2022/23 fiscal year

The Global Times quoted Chinese experts saying claims that the "short-lived revolt" by Wagner mercenary chief Prigozhin eroded Putin's power were "wishful thinking" by the West

The Nikkei 225 in Japan was up by 0.56% on Wednesday, but the Hang Seng Index in Hong Kong slumped by nearly 2%; stocks also fell in Shanghai, Sydney, Bangkok and other markets

Prior to sanctions imposed by the West, which cut Moscow off from international financial systems, Russia made the dividend payments in dollars

The International Energy Agency said about three quarters of 2022-28 demand growth increase will come from Asia, with India overtaking China by 2027

The deal, for 100,000 tonnes of crude from Moscow, was completed in the Chinese currency and not the US dollar which dominates international oil trade

Cooperation between Riyadh and Beijing has deepened in security and sensitive tech amid a warming of political ties

Dozens of fossil fuel companies have set net-zero emissions targets, but these moves are regarded as "largely meaningless" because most fail to address key concerns

Tokyo and China shares lead Asian markets higher on Friday amid hopes the US Federal Reserve will pause rates after its long hiking spree

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted

The world's No1 and No3 crude importers bought about 110 million barrels of Russian crude in May, up nearly 10% from the previous month