Cars for exports at a terminal in Tianjin port, China. Reuters
China is likely to see vehicle sales drop again this year as opposed to earlier expectations for zero growth, the country’s biggest auto industry association said, after it unveiled data showing the sector contracted for a 12th straight month in June.
India will keep its sugar export subsidies despite complaints to the World Trade Organization (WTO) from rival producers Brazil and Australia, though it will tweak how it provides them, four sources directly involved in the matter said.
India’s merchandise exports in June declined 9.71 per cent, on a year-on-year basis, to $25.01 billion from $27.70 billion reported for the corresponding month of last year, official data showed.
BEIJING: China’s exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. Investors are hoping for signs of economic recovery in China
Thyssenkrupp has received bids from at least three major bidding groups for a majority stake in Thyssenkrupp’s elevator business, four people familiar with the matter said.
The Khalifa Fund for Enterprise Development (KFED) recently received a delegation from the Chechen Republic at its headquarters in Abu Dhabi. The delegation was in the UAE
Indonesia will not approve the return of the Boeing Co 737 MAX to its skies until after aviation regulators in the United States, Europe, Brazil, Canada and China