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    India’s trade deficit retreats to pre-COVID levels, claims report

    India’s trade deficit retreats to pre-COVID levels, claims report

    22 Mar 2021

    Positive annualised growth in exports and imports for three straight months has taken India’s trade deficit figures to pre-Covid levels, Acuite Ratings & Research said. In its report on...

    Swiss CB balance sheet nears $1.08 trillion after FX spending

    Swiss CB balance sheet nears $1.08 trillion after FX spending

    22 Mar 2021

    The Swiss National Bank can expand its balance sheet further if necessary, the central bank said on Monday, after its annual report showed it ramping up foreign currency interventions...

    Indian shares decline due to surge in COVID-19 cases

    Indian shares decline due to surge in COVID-19 cases

    22 Mar 2021

    Gulf Today Report  Indian shares dropped on Monday as investors shift investment focus to safe-sectors due to surge in COVID-19 cases. The blue-chip NSE Nifty 50 index fell 0.4%...

    VIDEO: Mohammed launches 'Operation 300bn' to advance UAE industrial sector

    VIDEO: Mohammed launches 'Operation 300bn' to advance UAE industrial sector

    22 Mar 2021

    His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy "Operation 300bn." The 10-year comprehensive strategy...

    Oil prices drop due to more European lockdowns

    Oil prices drop due to more European lockdowns

    22 Mar 2021

    Gulf Today Report  Oil prices fell on Monday, declining around 1% on concerns about decrease in demand for fuel products due to more European lockdowns. Brent crude was down...

    Gold prices fall as Turkey appoints new central bank chief

    Gold prices fall as Turkey appoints new central bank chief

    22 Mar 2021

    Gulf Today Report  Gold prices dropped on Monday as investors go for other safe-haven assets following Turkey’s abrupt decision to replace its central bank head. Spot gold was down...

    Saudi Aramco chief foresees higher oil demand this year

    Saudi Aramco chief foresees higher oil demand this year

    21 Mar 2021

    Saudi Aramco’s Chief Executive expects rising oil demand in 2021, he said on Sunday, citing Chinese demand approaching pre-pandemic levels while vaccines help other economies to open up. “We are...

    Canadian Pacific to buy Kansas City Southern for $25 billion in cash

    Canadian Pacific to buy Kansas City Southern for $25 billion in cash

    21 Mar 2021

    Canadian Pacific Railway said on Sunday it had agreed to buy Kansas City Southern Railway for $25 billion in a cash-and-stock deal to create the first rail network connecting...

    Inflows to strengthen Indian rupee

    Inflows to strengthen Indian rupee

    21 Mar 2021

    Sustained foreign inflows along with a slew of upcoming IPOs are expected to strengthen the Indian rupee during the week ahead. Accordingly, these factors are expected to push the...

    Exports, stimulus throw lifeline to Mexico’s battered economy

    Exports, stimulus throw lifeline to Mexico’s battered economy

    20 Mar 2021

    In an arid valley in central Mexico, one of the world’s largest automotive suppliers is preparing to open a new plant to produce components for North America, underpinning the export...

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