Mining baron Anil Agarwal's Cairn India won a third of its total haul of 41 oil blocks in India's maiden bid round under open acreage licensing policy by committing a miniscule exploration program whose non-fulfilment will attract less than Rs 1 crore penalty, according to bid information available with DGH.
China has pledged to help Afghanistan and Pakistan put into effect a memorandum of understanding signed by the three sides on security cooperation aimed at curbing militancy and ending longstanding suspicions between Kabul and Islamabad over security issues.
Days after Japan enacted a law introducing a foreign-worker program to bolster a labor force shrinking due to the aging population, a study showed it could struggle to compete with other developed countries to attract residents from overseas.
China should not allow the yuan to fall below seven per dollar or attempts to stabilize the currency will become more costly on the country’s foreign exchange reserves, Sheng Songcheng, an adviser to the People’s Bank of China, said on Saturday.
Boeing Co (BA.N) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus (AIR.PA) in one of the world’s top travel markets that has been overshadowed by the US-China trade war.