FINWIRES · TerminalLIVE
FINWIRES

India Denies Any Commitment to Import US Ethanol for Fuel Blending

By

India's Commerce Ministry said reports claiming the country plans to import large quantities of U.S. ethanol for fuel blending are "baseless and factually incorrect," according to a Thursday press release.

The ministry said that ethanol used under the ethanol-blended-with-petrol program continues to be sourced entirely from domestic producers.

It also said no concessions or commitments on importing U.S. fuel ethanol were made during India-U.S. trade discussions, adding that the country's ethanol procurement policy remains governed solely by domestic requirements.

Related Articles

International

China's Trade Surplus Narrows to $112.5 Billion in July

China's trade surplus narrowed to $112.5 billion in July from $125.62 billion in June, according to data from the General Administration of Customs released Friday.The reading was higher than the consensus forecast of $109.4 billion tracked by Investing.comExports rose 23.9% year over year to $397.9 billion, while imports increased 27.5% to $285.4 billion.

Shanghai Composite^SZSE
International

Value of Australian New Payments Platform Transactions Rises in June, RBA Says

The value of new payments platform transactions in Australia rose nearly 34% year over year to AU$265.8 billion in June, according to new retail payment figures from the Reserve Bank of Australia (RBA) released Friday.Total card purchases on Australian-issued cards were up almost 7% to AU$100 billion, with credit and charge cards accounting for AU$40 billion and debit cards for AU$60.1 billion.Meanwhile, the number of new payments platform transactions was up 14% year over year to 173.6 million.The number of total card purchases on Australian-issued cards rose 3.8% annually to 1.41 billion.

ASX 200
International

New Zealand National Average Asking Price Remains Flat in July

The national average asking price in New Zealand remained flat at NZ$866,945 in July, up 1% on last year's NZ$858,371, according to a report by realestate.co.nz released Friday.Central Otago Lakes District recorded the highest year-on-year increase in average asking price at 6.7% to NZ$1.5 million, while Central North Island saw the greatest year-on-year decline of negative 8.7% to NZ$722,699.Data from the Real Estate Institute of New Zealand showed residential sales grew year on year in four of the first six months of the year, suggesting that buyers continue to remain active amid economic uncertainty, the report said.Meanwhile, national stock levels increased 9.3% year on year to 33,252 properties in July, with nine regions experiencing double-digit growth.

^NZ50