Economy

Economy News

After Ban, Government Allows Small Quantity Of Wheat For Export

India has allowed wheat shipments of 469,202 tonnes since banning most exports last month MUMBAI/NEW DELHI:  India has allowed wheat shipments of 469,202 tonnes since banning most exports last month,.

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Economy News

Exports Rose 15% In May, Trade Deficit Widened To $23.33 Billion

India’s merchandise exports rose by 15.46 per cent to $37.29 billion in May New Delhi:  India’s merchandise exports rose by 15.46 per cent to $37.29 billion in May on account.

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Economy News

German exports get 4.4% boost in April despite dwindling trade with Russia

BERLIN (Reuters) – German exports rose more than forecast in April, rising by 4.4% on the previous month, while imports increased by 3.1%, according to data released by the Federal.

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Economy News

Australia’s new PM backs wage hike to ease inflation pain

SYDNEY (Reuters) -Australia’s new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices and a spike in.

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Economy News

RBI to go fast with rate hikes this year, slow the next – Reuters poll

By Arsh Tushar Mogre and Prerana Bhat BENGALURU (Reuters) – The Reserve Bank of India will concentrate interest rate hikes over the coming months in a relatively short tightening cycle,.

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Economy News

India lines up banks for e-commerce effort to take on Amazon, Walmart

By Munsif Vengattil and Nupur Anand NEW DELHI (Reuters) -India’s effort to break Amazon (NASDAQ:AMZN) Inc and Walmart (NYSE:WMT) Inc’s dominance of its e-commerce sector, by establishing its own open.

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Economy News

Firms in India’s ancient shoe capital squeezed by costs, fading demand

By Manoj Kumar AGRA, India (Reuters) – In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers have been sitting idle.

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Economy News

Dimon says brace for U.S. economic ‘hurricane’ due to inflation

By Elizabeth Dilts Marshall and Niket Nishant (Reuters) – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co (NYSE:JPM) described the challenges facing the U.S. economy akin to.

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Business Economy News

Taiwan to hold trade talks with EU as Europe focuses on chips – source

TAIPEI (Reuters) – Semiconductor-powerhouse Taiwan will on Thursday hold high-level trade talks with the European Union, a source familiar with the matter told Reuters, amid a concerted push by the.

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Economy News

Biden, Fed Chair Powell meet to discuss 40-year-high inflation

By Jeff Mason and Jarrett Renshaw (Reuters) – U.S. President Joe Biden and Federal Reserve Chair Jerome Powell met on Tuesday to discuss historic inflation that is draining Americans’ pocketbooks..

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