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
The Central government had Rs402 crore outstanding loans with the RBI in the week ended Oct.11, according to a weekly statistical supplement of Reserve Bank of India (RBI).
Alitalia’s rescue hopes received a boost with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a 350 million euro ($389 million) bridging loan to ease immediate cash worries.
Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower) and a leading company in the integrated coordination of planning,
Russia, the world’s No. 2 oil producer, has become an unintended beneficiary of US sanctions after an embargo on Chinese ships drove up tanker freight rates, spurring record premiums for Russian crude that takes just days to arrive in North Asia.