The move is likely give some respite to the importers since they will be able to open LCs in rupee to source a portion of the products from India

China’s producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered on the edge of deflation, adding to the case for policymakers to use more stimulus to revive sluggish demand.

China on Monday called on the US to take “practical action” in response to its “major concerns” about sanctions on Chinese firms, after US Treasury Secretary Janet Yellen wrapped up more than 10 hours of meetings with senior officials in Beijing.

The dollar steadied on Monday, partly recovering from a knee-jerk reaction to Friday data showing US job gains were the smallest in 2-1/2 years, while disappointing inflation figures in China weighed on the yuan and proxies.

The Indian rupee managed to recover on Monday and far forward premium rose, tracking a fall in near-maturity US yields after data showed US payrolls rose less than expected.

US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China’s new top economic officials would immediately ease tensions between the world’s two largest economies.

India’s inflation likely snapped a four-month decline in June as food prices surged, a Reuters poll of economists found, making a cut in interest rates unlikely any time soon, while the Reserve Bank of India is also expected to resist pressure to raise rates.

US Treasury Secretary Janet Yellen went to Beijing with no expectations that meetings with China's new top economic officials would immediately ease tensions between the world's two largest economies.

China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some investors exit.

Momentum in China's post-pandemic recovery has slowed from a brisk pickup seen in the first quarter with demand for industrial and consumer products weakening

The financial market rout last year caused widespread losses for sovereign money managers

The European Union and New Zealand on Sunday signed a free trade agreement which Brussels says can lift exchanges between the two by 30 per cent with a decade.

German industrial production unexpectedly fell in May, official data showed Friday, raising fears of a prolonged downturn in Europe’s top economy.

The Ministry of Planning and Investment has reported that Việt Nam’s socio-economic situation has been experiencing gradual and positive changes, with steady growth observed in several important indicators and indexes month by month.

Finance minister Jeremy Hunt is on Monday due to announce new measures to support Britain’s powerful financial sector, seeking to make the UK the “most innovative and competitive” financial centre in the world.

China’s GDP is expected to grow 5.4 per cent in 2023, according to a report by the Bank of China Research Institute released last week.

French Finance Minister Bruno Le Maire on Sunday said he was “very hopeful” Tesla Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe.

Malaysia's Trade Ministry in March said Tesla will open an office, showrooms and service centers in the country and establish a network of charging stations for its cars, but did not say when

Bangladesh, India to begin bilateral trade in rupee from July 11

US Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticised its recent tough actions against US companies and mineral export controls, while China’s premier called on her to “meet China halfway” and put bilateral relations back on track.