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As India frowns on paying for Russian oil with yuan, some payments held up, sources say

The Indian government s reluctance to allow state-controlled refiners to pay for Russian oil imports with Chinese currency has caused delays in payment for at least seven cargoes. While the tussle over payment has not affected deliveries, Indian refiners are seeking alternative ways to settle the payments. Indian refiners have been using yuan to pay for some oil from Russian sellers, but the government has become uncomfortable with this practice. ....

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Gold ETFs Shrink, Defying 'Safe Haven Flows' as Equities Jump Despite Hamas-Israel War

The gold price extended yesterday s jump to 1-week highs overnight Tuesday before losing $10 per ounce after the GLD and IAU gold ETFs shrank despite the sudden Hamas-Israel war ....

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China's natural disasters cause 499 deaths, missing, over $300b in economic loss in first three quarters of 2023

In the first three quarters of 2023, China s natural disasters including floods, typhoons, and geological disasters have affected more than 89.118 million people, leaving 499 dead and missing, the Ministry of Emergency Management said on Sunday, adding that the disasters caused 308.29 billion yuan ($42.87 billion) in direct economic damage. ....

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Tesla's China-made EV sales volume fall 10.9% year-on-year in September

U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9 percent decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. ....

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