Tehran envoy Ali Chegeni said if both nations restart their rupee-rial trade, bilateral trade could surpass $30 billion

Canberra on Friday announced new sanctions against 11 government entities and financial institutions and 41 more individuals, including two billionaires

As of Friday, retail petrol prices will rise by 750 yuan ($118) a tonne and diesel prices by 720 yuan a tonne, the National Development and Reform Commission said

Thailand has little choice but join the scramble for alternative gas supplies at a time European demand is rising

Japan Bank for International Cooperation (JBIC) offers guarantees to about 65 billion yen ($550 million) worth of yen-denominated samurai bonds

Both Brent and West Texas Intermediate (WTI) crude futures benchmarks settled below $100 per barrel for the first time since late February

Talks between Riyadh and Beijing have accelerated as Saudi unhappiness grows with Washington over its defence commitments and Yemen

India is considering taking up a Russian offer to buy its crude oil and fertiliser commodities at discounted prices with payment via a rupee-rouble transaction, officials have said

A change to the excise is on the agenda in the internal debate over the March 29 budget alongside a tax plan designed to win back voters at the election due in May

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities

Bus operators, delivery companies and cabbies said they are now at their wits' end as about 30 per cent of their costs are transport related

Russia's economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow's invasion of Ukraine