Container trucks seen at a port in Tokyo. Associated Press
Japan pushed back on Tuesday against calls from South Korea to scrap restrictions on high-tech exports to its Asian neighbour, as a diplomatic row over forced wartime labour escalates between the two key US allies.
South Korea’s president said on Wednesday Japan’s export curbs on key materials used by South Korean technology firms could be prolonged and Seoul will help companies reduce their reliance on Japanese suppliers.
Japan’s economy contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday. Exports also deteriorated amid trade disputes and weaker global demand, hurting the trade-reliant economy. Gross domestic product (GDP) is expected to have fallen 0.2% in January-March on an annualised basis,
Global stock markets rose on Friday as investors put economic growth fears and trade jitters to one side, deciding that they had had enough drama and losses for one week.
Goldman Sachs India Securities said India has already attracted $13 billion net foriegn funds so far this year and expects the trend to continue. “India has already attracted net capital inflows of about $13 billion so far this year which contrasts
India’s merchandise exports rose 2.25 per cent in July on a year-on-year basis to $26.33 billion from $25.75 billion reported for the corresponding month of the previous year.
Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 97 per cent regarding the disclosure of the 2nd quarter financial statements 2019 of its listed public joint stock companies,