Containers are seen at the Yangshan Deep Water Port in Shanghai, China. Reuters/ File Photo
Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the world’s two most populous markets are not living up to the earlier heady expectations.
India’s merchandise exports grew 11.02 per cent, on a year-on-year basis in March, to $32.55 billion from $29.32 billion reported for the corresponding month of last year, official data showed on Monday. “Exports in March 2019 were $32.55 billion, as compared to $29.32 billion in March 2018, exhibiting a positive growth of 11.02 per cent,” the Commerce Ministry said.
Already well-established as one of the world’s top centres for oil bunkering, the Port of Fujairah and the adjacent Fujairah Oil Industry Zone (FOIZ) continue to attract further business and investment, recent announcements show.
Indonesia’s economy expanded more slowly than expected in the first quarter of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum. Southeast Asia’s largest economy grew 5.07 per cent in January-March from a year earlier,
China National Petroleum Corp has halted August loadings of Venezuelan oil following the latest set of US sanctions on the South American exporter, two Beijing-based senior sources with direct knowledge
Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump’s chief economic advisor said on Sunday.
Germany’s second biggest city Hamburg is becoming one of the favourite travel destinations for Gulf travellers, offering them outstanding features, from great waterfront sites, high-end shopping facilities, luxurious hotels to exquisite culinary Michelin-star restaurants.