Gold Silver Reports (GSR) – Bahrain’s Biggest Crude Oil Find Since 1932 Dwarfs Reserves — The shale oil and natural gas discovered in a deposit off the island state’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News Agency reported, without giving figures. The country currently pumps about 45,000 barrels of crude oil a day from its Bahrain Field, and it shares income from a deposit with Saudi Arabia that produces about 300,000 barrels a day, according to figures from the U.S. Energy Information Administration.
Trump Bid to Move `Hellhole’ Embassy Sunk by Architectural Icon
Gold Silver Reports (GSR) – Trump Bid to Move `Hellhole’ Embassy Sunk by Architectural Icon — The Belgian capital has taken action to block Washington’s plan to move the U.S. embassy from its current downtown location near Russia’s mission to a bucolic neighborhood adjacent an 11,000-acre forest on the city’s southern outskirts. The point of contention? The new building is too celebrated for what the Americans have planned for it.
RBI says Examining Enforcement Action; PNB Fraud Case
Gold Silver Reports (GSR) – RBI says Examining Enforcement Action; PNB Fraud Case — Replying to an RTI query, the central bank also said it has been issuing necessary instructions to banks from time to time on a variety of issues of prudential supervisory concern, including the management of operational risks inherent in the functioning of banks.
Saudi Arabia Emerging-Market Tag Comes With Sobering History
Gold Silver Reports (GSR) – Saudi Arabia Emerging-Market Tag Comes With Sobering History — The Saudi stock benchmark advanced to the highest since 2015 last week before FTSE Russell said it’s classifying the country as a secondary emerging market, with actual inclusion set to happen in stages starting a year from now. MSCI Inc., which has more investors tracking its emerging-market indexes, may make a similar decision in June.
Russia Detains Tycoon Magomedov Over Suspected Fraud
Gold Silver Reports (GSR) – Russia Detains Tycoon Magomedov Over Suspected Fraud — “All of the allegations against me don’t stand up to logical criticism,” Interfax reported Ziyavudin Magomedov as saying in court. He’ll appeal his arrest, his lawyer, Alexander Vershinin, was cited as saying.
India’s Forex Reserves Hit a New High
Gold Silver Reports (GSR) – India’s Forex Reserves Hit a New High — RBI data showed the reserves rose $1.2 billion in the week to March 23. The improved overseas dollar inflows in March reversing February’s trend of outflows has helped accumulation of reserves, forex dealers said.
CBI Registers Three FIRs In Rs 743 Crore Bad Loans In IDBI Bank
Gold Silver Reports (GSR) – Bad Loans In IDBI Bank — The agency has named three accused persons–BK Sahoo, retired deputy general manager of the bank, R Damodaran, and the then DGM Battu Rama Rao–who are common in all the three First Information Reports.