Abuja says India to purchase more crude from Nigeria
ABUJA India plans to buy more crude oil from Nigeria, Nigeria's presidency on Tuesday quoted India's vice president as saying during a visit to Abuja.
MUMBAI India's core consumer price inflation in August was little changed at around 4.7 percent year-on-year from around 4.6 percent the previous month, according to two analysts on Monday.
Core inflation is a key measure for the central bank to gauge price pressure related to demand in the economy.
India's August annual CPI INCPIY=ECI eased to 5.05 percent, helped by smaller rises in food prices. [nENNG960RZ]
(Reporting by Suvashree Dey Choudhury; Editing by Biju Dwarakanath)
ALGIERS Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
BERLIN European Central Bank President Mario Draghi is set to face tough questions from German lawmakers on Wednesday about the bank's ultra-loose monetary policy, just as the ECB is considering even more stimulus to revive inflation.