(Gabrielle Reyes) The state-run Coal India will soon import coal for use in public utilities to offset the effects of a nationwide power shortage in April, Reuters reported on Saturday citing a letter by India’s federal power ministry issued that same day.
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First Shipment Of Russian Coal Paid In Yuan On Its Way To China
(Tyler Durden) The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claiming that the international status of the U.S. dollar is “at risk.” However, financial expert Albert Song believes that it will not affect the U.S. dollar’s status as the leading global reserve currency.