India, the world's third biggest oil importer and consumer, currently pays for UAE oil in dollars but is looking to cut transaction costs by eliminating conversions

The baht was one of two Asian currencies to rise on Tuesday, but businesses in Thailand are closely watching the vote for a new PM, which will be held in parliament on Thursday.

Sources claim two of India's three private refiners have settled some recent Russian oil import deals in Chinese yuan

Alberta Industrial Heartland and the Hong Kong-based private equity firm Can-China Global Resource Fund (CCGRF) have ended their tie-up amid 'big losses' and eroded bilateral ties

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