Singapore PM Lee briefly taken ill during National Day rally | Reuters
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By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell on Thursday after OPEC said that its production had risen to its highest level in at least eight years and following reports of an increase in U.S. crude stockpiles.International Brent crude oil futures LCOc1 were trading at $51.52 per barrel at 0103 GMT, down 29 cents, or 0.6 percent, from their previous close.U.S
GOA, India The state-backed Russian Direct Investment Fund (RDIF) will work with an Indian fund to invest $1 billion in Asia's third-largest economy, the head of the fund said before a bilateral summit expected to yield several big business deals.The RDIF and India's National Investment and Infrastructure Fund (NIIF) will each invest up to $500 million in the joint fund, replicating partnerships the Russian entity has with countries like China."We helped in the process of the NIIF being created," RDIF CEO Kirill Dmitriev said in an interview with Reuters. "Now we will provide equity capital to joint Russian-Indian projects, mainly in India."The RDIF was set up by Dmitriev in 2011 with billions in Kremlin cash and has since made partial exits from bets in Russia, including the Moscow Stock Exchange, diamond miner Alrosa and Rostelekom.It also worked with Indian infrastructure investor IDFC to invest $1 billion in power projects when President Vladimir Putin last visited India in late 2014. India is courting international investors to help finance new roads, railways and power projects that the country needs.Putin will meet Indian Prime Minister Narendra Modi in the tourist destination of Goa on Saturday for a summit at which major defence, oil and nuclear power agreements are expected to be signed.
NEW DELHI At least 19 people died in a stampede in the ancient city of Varanasi on Saturday, officials said.Panic spread as hundreds of Hindu pilgrims tried to cross a bridge to a sacred site in one of the world's oldest inhabited cities, at the heart of the constituency of Prime Minister Narendra Modi."Rumours about the bridge collapse led to chaos after a man fell down in a crowd," said police officer Javeed Ahmad. Millions of Hindus come to Varanasi every year to pray and wash away their sins by taking a dip in the sacred river Ganges. Modi who was hosting the a meeting of BRICS nation in coastal city of Goa expressed his condolences to the victims' families and promised help