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NSG to take up Pakistan, India's membership requests this week The Nuclear Suppliers Group (NSG) 2016 annual plenary, which begins in   Seoul   on Monday, will take up membership requests from both   India   and   Pakistan   on June 23-24. According to   Dawn , Pakistan submitted its membership application on May 19, a week after India, which applied on May 12. With massive global support, India stands as a favourite to join the 48-nation group, with an active support from the United States, Russia, Britain, France and other world powers. China, however, stands as an obstacle to India's application, arguing that it would enhance a nuclear competition in South   Asia   by isolating Pakistan. China   wants   NSG   to admit Pakistan as well, pointing out that both India and Pakistan possessed nuclear weapons and had not signed the NPT. While China may not force the NSG to admit Pakistan, it can block India as new m...

Win or lose, Trump won't dent US biz in Asia: Wagar The US private sector will not sever seven decades of investment in Southeast Asia because of who occupies the White House, said US ambassador to Singapore   Kirk Wagar . Acknowledging a high number of inquiries generated by Donald Trump's presidential bid, Wagar said while his country's democratic process was noisy, it had built-in checks and balances. "The one that is always forgotten is the private sector," Wagar said in an interview on Saturday on the sidelines of the annual Shangri-La security dialogue in Singapore. Estimating that around 50 million Southeast Asian citizens had either worked for or had interaction with a US company over the last 70 years, Wagar said he did not "think that the chief executive officer (CEO) of Microsoft, of Facebook or General Motors is going to decide on their investment strategy on whether Barack Obama, Hillary Clinton or   Donald Trump   are president....

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Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers likeJapan and challenge the United States as the world's biggest consumer. The shifts are not only establishing new trade routes but are also challenging the way oil is priced in the region as the new players push for more cash cargoes and fewer long-term deals. Read Full Article Over Here :  Business Standard News Read more from our special coverage on "OIL" Oil falls as OPEC squabbles over output targets, crude stocks swell Dont reimpose customs duty on crude: Oil firms Oil prices stabilise on lower US rig count, but global glut still weighs Oil story: theres a new world order to talk about at the Davos of energy Saudi, Iraq sell more oil to India, elbow out Latin America crudes