Economy

Economy News

July Preliminary Trade Deficit Widens To $31 Billion

July’s merchandise imports rose to $66.26 billion, while exports rose at a slower pace to $35.24 billion, B.V.R Subrahmanyam, India’s commerce secretary, told reporters while sharing preliminary data compiled by.

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Economy News

India’s trade deficit to remain above $20 billion – Barclays

MUMBAI (Reuters) – India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays (LON:BARC) said. “While we still.

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Economy News

Yields up with dollar as Fed officials signal more hikes; Asian stocks firm

By Kevin Buckland and Alun John TOKYO (Reuters) – Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled.

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Economy News

Dollar stands tall as Fed doves talk tough

By Kevin Buckland and Rae Wee TOKYO/SINGAPORE (Reuters) – The dollar clung on in choppy trade on Wednesday, after its biggest surge for weeks as Federal Reserve officials talked up.

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Economy News

China’s Services Sector Defies Manufacturing Downturn in July- Caixin

By Ambar Warrick  Investing.com– China’s services sector grew at a faster clip in July from the previous month as it benefited from easing COVID-19 restrictions, a private survey showed on Wednesday..

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Economy News

Australians kept shopping in Q2, but wallets may now be closing

By Wayne Cole SYDNEY (Reuters) – Australian retail sales posted a solid rise in real terms last quarter even as swelling prices ate up more of the consumer dollar, though.

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Economy News

Marketmind: In pursuit of Pelosi’s plane

A look at the day ahead in markets from Anshuman Daga Just as markets seemed to factor in a less hawkish Federal Reserve and relief for economies and businesses, politics.

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Cryptocurrency Economy News

Cryptoverse: Bitcoin beats the heat in a jumpin’ July

By Lisa Pauline Mattackal and Medha Singh (Reuters) – It’s been a good month for bitcoin – and we haven’t said that for a while. After months of freefall, it.

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Economy News

Japan’s planned record minimum wage hike opens path to sustained GDP growth

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japan’s average minimum wage is set to rise at a record pace this year, the government said on Tuesday, a positive development.

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Economy News

RBI to raise rates in August but no consensus on size of hike – Reuters Poll

By Arsh Tushar Mogre BENGALURU (Reuters) – The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus.

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