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Tata Motors tests export markets for EVs
Tata Motors, India’s biggest electric carmaker, is testing its electric vehicles in some global markets where it could look at a potential launch if the experiment succeeds, its managing director told Reuters.
14 September 2023, 18:00 PM
Japan sees positive signs to escape deflation
Japan’s new Economy Minister Yoshitaka Shindo said on Thursday that positive signs were emerging in output gaps and other areas for the economy to escape deflation.
14 September 2023, 18:00 PM
Oil rebounds as markets refocus on supply tightness
Oil prices rebounded on Thursday as markets turned their attention back to a tighter crude supply outlook for the rest of 2023 with demand set to stay robust through to next year.
14 September 2023, 07:04 AM
EU to assess punitive tariffs on Chinese electric cars
The European Commission started an investigation on Wednesday to into whether to impose tariffs to protect the European Union against Chinese electric vehicle (EV) imports benefiting from state subsidies.
13 September 2023, 18:00 PM
Sugar output in Maharashtra set to fall
Sugar output in Maharashtra, India’s top producing state, is likely to fall 14% in the 2023/24 crop year to its lowest in four years due to lower cane yields following the driest August in more than a century, industry and government officials told Reuters on Wednesday.
13 September 2023, 18:00 PM
Eurozone inflation will ‘take some time’ to drop
EU chief Ursula von der Leyen said on Wednesday that inflation in the eurozone, which remains persistently high, will not quickly fall to the European Central Bank’s two-percent target.
13 September 2023, 18:00 PM
Asia apparel hubs face $65 billion export hit from extreme weather: study
Extreme heat and flooding could erase USD65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders SDR.L and Cornell University showed today
13 September 2023, 10:13 AM
Russian sellers stop fertiliser discounts to India
Russian companies have ceased offering fertiliser such as di-ammonium phosphate (DAP) to India at discounted prices due to tightening global supplies after becoming the biggest suppliers to the country last year, three industry sources told Reuters.
12 September 2023, 18:00 PM
Oil prices spike on tight supplies and upbeat Opec
Oil prices jumped by about 1 percent on Tuesday, boosted by a tighter supply outlook and Opec optimism over the resilience of major economies in the face of rising interest rates.
12 September 2023, 18:00 PM
UK unemployment rises to 4.3%
The UK unemployment rate edged higher to 4.3 percent in the three months to the end of July, as wage growth remained at a record high, official data showed Tuesday.
12 September 2023, 18:00 PM
India’s retail inflation eases to 6.83% in August
India’s annual retail inflation eased to 6.83 percent in August from a 15-month high of 7.44 percent in July as food prices moderated, government data showed on Tuesday.
12 September 2023, 18:00 PM
China says its economy is ‘resilient’
China’s economy is resilient and has not collapsed, the Chinese foreign ministry said on Tuesday, rejecting claims from the West that its economy is faltering and could cause wider problems.
12 September 2023, 18:00 PM
German economic weakness belies France’s outperformance
Germany’s economic weakness is casting a flattering light on France’s relative resilience that belies the otherwise middling performance of the euro zone’s second-biggest economy, economists say.
12 September 2023, 18:00 PM
Chinese firm to invest $12.2m at Adamjee EPZ
Chinese company Cherry Button Limited will invest $12.2 million to establish a garment accessories manufacturing factory at the Adamjee Export Processing Zone in Narayanganj.
12 September 2023, 18:00 PM
Exclusive: Russian sellers stop fertiliser discounts to India
Russian companies have ceased offering fertiliser such as di-ammonium phosphate (DAP) to India at discounted prices due to tightening global supplies after becoming the biggest suppliers to the country last year, three industry sources told Reuters.
12 September 2023, 11:11 AM
China says to curb ‘disruption’ in currency market
China’s central bank said on Monday it would crack down on speculation that distorts the value of the yuan as the country’s currency sees persistent volatility.
11 September 2023, 18:00 PM
Tesla jumps as analyst predicts $600b value boost
Tesla rallied 6 percent on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker’s market value by helping speed up its foray into robotaxis and software services.
11 September 2023, 18:00 PM
IMF urges pact to boost its resource quota, strengthen world economy
It is vital to increase quota resources for the International Monetary Fund (IMF) before year-end, its chief, Kristalina Georgieva, said on Sunday, while urging members of the G20 bloc to deliver on a promise of $100 billion a year in climate funds.
11 September 2023, 18:00 PM
EU cuts eurozone 2023 growth forecast
The European Commission cut its 2023 and 2024 eurozone economic growth forecasts on Monday, with the single currency area weighed down by Germany’s poor performance.
11 September 2023, 18:00 PM
China’s economic headwinds could hit region: US
China’s economic problems are more likely to affect the region than the United States, US Deputy Treasury Secretary Wally Adeyemo said on Monday, a day after President Joe Biden called China’s economic situation a “crisis.”
11 September 2023, 18:00 PM