Economy

Economy News

India’s share in USD 360-billion global space economy is 2%: Govt to Lok Sabha

Minister of State in the Prime Minister’s Office Jitendra Singh informed the Lok Sabha on Wednesday that India has acquired indigenous capabilities in the space sector across all domains The.

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Taiwan July exports seen growing at slower pace amid rising uncertainties – Reuters Poll

TAIPEI (Reuters) – Taiwan’s exports likely rose for the 25th straight month in July though at a slower pace than in June, amid fears of a global recession, uncertainties due.

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Japan must prepare for eventual end to BOJ’s yield cap, says MOF executive

By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) – Japan must prepare for the time the central bank abandons its 0% cap on long-term interest rates and when private investors.

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Bank of England on brink of biggest rate hike since 1995

By William Schomberg LONDON (Reuters) – The Bank of England is expected to raise interest rates by the most since 1995 on Thursday, even as the risks of a recession.

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First in 17 months, exports fall

Imports, however, surged 43.6 per cent in July to $66.3 billion, driving up the trade deficit to a fresh monthly peak of $31 billion Merchandise exports last month dropped 0.8.

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India’s services sector growth falls to 4-month low in July

The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 59.2 in June to 55.5 in July, pointing to the slowest rate of growth in four months..

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No worries about U.S. demand for now, Japan’s Subaru says

By Satoshi Sugiyama TOKYO (Reuters) – Japan’s Subaru (OTC:FUJHY) Corp expects strong demand from U.S. car buyers to continue, a senior executive said on Wednesday, amid growing concern about a.

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Global cenbanks lift rates by nearly 1,200 bps in July

By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July.

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Help wanted: New Zealand industries struggle to find workers

By Lucy Craymer WELLINGTON (Reuters) – New Zealand video game developer PikPok found a solution to prolonged difficulty in finding experienced workers: Colombia. The company, which is behind such mobile.

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Economy News

Record Trade Deficit Adds To External Balance Challenges, Rupee Troubles

Trade deficit in Asia’s third largest economy widened to an all-time high of $31 billion, data on Tuesday showed, prompting concerns about the country’s ability to fund its current account.

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