Following the withdrawal of Western certifiers due to international sanctions against Moscow, India is now providing safety certification for dozens of ships managed by a subsidiary of the leading Russian shipping company Sovcomflot, according to official data. This has enabled oil exports to India and other countries. After insurance, certification from one of the top classification organizations in the world, the Indian Register of Shipping (IRClass), adds the final piece of documentation required to keep…
The euro held big gains on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two. The euro’s gains helped support appetite for riskier currencies in Asia with the Australian dollar holding gains and the Hong Kong dollar higher. The ECB increased its emergency bond purchase scheme by 600 billion euros, more than 500 billion expected by markets, to…
"Euro’s gains support Asian currencies after ECB stimulus"