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Russia Increases Gold Purchases In July
Russia has ramped up its gold buying, adding 26 tonnes to its reserves in July, according to International Monetary Fund data. That's equivalent to roughly $1 billion of additional gold purchases. As Russia buys gold, it continues to sell US Treasuries, in response to sanctions first placed against the state in 2011 for its actions in Crimea. Russia is accelerating the rate at which it buys gold as the world's largest country continues to move away from traditional asset holdings ... Full investment news article
Relevent to this post: State Administration of Foreign Exchange
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Amid Slump In Global Energy Markets, India Seeks Revision In Gas Price From Tapi Pipeline - The Financial Express
India has sought re-negotiation of the natural gas price it is to source through a proposed USD 10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline in view of the slump in global energy markets, a top source said. Full investment news article
Relevent to this post: NAV
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