India’s August trade deficit in goods at $6.77 billion
NEW DELHI: India posted a trade deficit of $6.77 billion in goods in August, data released by the government showed on Tuesday.
Merchandise...
Pandemic’s ‘great reset’ pushes energy firms toward renewables, hydrogen
SINGAPORE: The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen and other low...
Onion prices spike in Bangladesh after India bans exports
DHAKA/MUMBAI: Onion prices in Bangladesh jumped by more than 50pc on Tuesday, following a ban on exports by largest supplier India after...
IEA says oil demand recovery set to slow for rest of 2020
LONDON: The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery...
‘Developing Asia’ to shrink for first time in nearly six decades: ADB
MANILA: The coronavirus pandemic will cause economic output in “developing Asia” to shrink for the first time in nearly six decades in 2020...
Bytedance picks Oracle for Tiktok ‘partnership’ in US
Oracle beat Microsoft in the battle for the US arm of TikTok with a deal structured as a partnership rather than an...
S&P expects India’s economy to contract 9pc in fiscal 2021
BENGALURU: S&P Global Ratings said on Monday that it was expecting India’s economy to shrink by 9pc in the fiscal year ending...
Amazon to hire 100,000 more workers in its latest job spree this year
SEATTLE: Amazon.com Inc on Monday said it is recruiting 100,000 more workers - the fourth hiring spree it has announced for the...
EU, China to talk trade as tensions mount
--Virtual meeting replaces full summit with all European leaders cancelled due to coronavirus
BRUSSELS: EU leaders will hold video talks with Chinese President...
Once an American foe, now a friend: OPEC turns 60
LONDON: In 1973, Arab members of the Organisation of Petroleum Exporting Countries brought the US economy to its knees. Now, the cartel...
India August inflation seen above RBI’s target range: Reuters poll
BENGALURU: India’s retail inflation likely stayed above the Reserve Bank of India’s medium-term target range in August for the fifth straight month...
China attracts 18.7pc more FDI in August despite uncertainty, tensions
BEIJING: China attracted 84.1 billion yuan ($12.3 billion) in foreign direct investment (FDI) last month – 18.7 per cent more than a...
USA budget deficit hits $3tr record
WASHINGTON: The United States of America (USA) budget deficit hit an all-time high of $3 trillion for the first 11 months of...
Moody’s downgrades Turkey to ‘B2’ with ‘negative’ outlook
NEW YORK: Moody's Investor Services downgraded Turkey's credit rating deeper into non-investment grade territory, citing its worsening external vulnerabilities, eroding fiscal buffers...
US economy is improving, weeks before the election. Will Trump benefit?
WASHINGTON: The US labour market and broader economy made some gains this week, which history shows should be good news for President...