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The establishment of the Shanghai Cooperation Organization (SCO) development bank would give 10 Eurasian countries an alternative to Western-dominated lenders like the World Bank and IMF, say analysts.

SINGAPORE: Japanese rubber futures rose for the second straight session on Wednesday, buoyed by robust tyre demand in India following recent tax reforms.

Premier Li Qiang made the announcement on Tuesday (Sep 23) on the sidelines of the United Nations General Assembly, saying that the world's second-biggest economy was behaving as a "responsible major developing country".

Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018.

Brent futures rose US$1.68, or 2.5%, to settle at US$69.31 a barrel, while US West Texas Intermediate (WTI) crude futures rose US$1.58, or 2.5%, to settle at US$64.99.

New deadline could be pushed out to 30 December 2026 as EU states push for simplified compliance pathway.