Bloomberg Oil edged higher in uneven trading, remaining within a narrow price band as traders weighed a souring US economic outlook against risks of supply disruptions from Russia. West Texas Intermediate futures traded near $86 a barrel, struggling to hold onto gains while under pressure from equity markets. Equities slid as Fedex Corp. withdrew an earnings forecast, in what ...

  NEW DELHI / WAM India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the “mechanism of consultations” between the two sides. The MoU was signed between India’s Minister for External Affairs Dr S Jaishankar, and the GCC Secretary-General Dr Nayef Falah Mubarak Al-Hajraf. India’s Ministry of External Affairs said, “both sides reviewed ...

  South Korea / WAM South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s top diplomat. “In the Middle East, we hope to deepen cooperation in high-tech industries,” said Park Jin, Foreign Minister of the Republic of Korea, while hosting a dinner for invited guests, during Jeju Forum for ...