Global Roundup

Chinese and US officials discussed exchange rates and reached a consensus on many “important” issues during the latest round of negotiations to end the trade war, media reports said quoting Governor...
Mar 11, 2019
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The Organisation for Economic Co-operation and Development has warned that trade tensions and political uncertainty including Brexit are weighing on the world's economy, say media reports. It slashed...
Mar 07, 2019
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US President Donald Trump intends to end India’s preferential trade treatment, media reports. The argument for taking this step is that India has failed to assure America it would provide equitable...
Mar 05, 2019
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China cut its official GDP target to 6 to 6.5 per cent this year, reports media. The world's second largest economy is grappling with the ongoing trade war with the US and a continued economic...
Mar 05, 2019
1,371
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March will be unfolding events that will offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around, a Bloomberg report published in the...
Mar 04, 2019
335
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The global economy may have already bottomed out, says Goldman Sachs Group Inc. Chief Economist Jan Hatzius. However, even as growth remains soft, Goldman’s current activity indicator in February is...
Feb 27, 2019
306
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The uncertainty over Brexit deal and gloomy global growth has had its effect on the Britain's economy. According to the Office for National Statistics (ONS), UK recorded economic growth of 1.8 per...
Feb 12, 2019
351
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The International Monetary Fund (IMF) has warned that the world is at risk of a sharp downturn, as the global economy is weakening at a faster rate than expected, says a report in news.com.au...
Feb 04, 2019
574
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The United States' Federal Reserve has kept the key lending rates unchanged. In a statement on Wednesday, the central bank said the Federal Open Market Committee (FOMC) members voted unanimously to...
Jan 31, 2019
343
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A report by Bloomberg says that China’s economy expanded at the slowest pace since the global financial crisis. The reasons being a domestic financial clean-up, weakening global demand and trade...
Jan 21, 2019
587
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After 200 speeches spanning eight days of debate, British lawmakers have rejected Theresa May's Brexit deal. The biggest defeat is seen as the biggest for any UK government as the House of Commons...
Jan 16, 2019
369
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With strict immigration policies in the Unites States of America (USA), job seekers from other countries, including India, have been seeking job opportunities in Canada and Britain.    Among...
Jan 10, 2019
398
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The World Bank projects moderation in global growth from three per cent in 2018 to 2.9 per cent this year. A PTI report quoted top World Bank official describing the current world economic...
Jan 09, 2019
731
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Despite calls by President Donald Trump, US Federal Reserve has raised interest rates in the range of 2.25 per cent to 2.50 per cent. The central bank is also committed to a plan to keep...
Dec 20, 2018
418
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London is set to lose up to 800 billion euros ($909 billion) of assets by March next year, according to lobby group Frankfurt Main Finance (FMF). The loss will be brought about by banks moving...
Dec 06, 2018
654
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The Regional Comprehensive Economic Partnership (RCEP) meet has now been deferred till next year. However, India heaved a sigh of relief, as it can now negotiate with China for a better trade deal...
Nov 27, 2018
637
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Finally, negotiations on the terms of Britain’s withdrawal from the European Union (EU) got a go ahead, with leaders of the 27 member-nations signing off the deal at a summit in Brussels.  ...
Nov 26, 2018
646
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New import-restrictrive measures have a hit a new high in Group of 20 (G20), says the World Trade Organization’s latest monitoring report on G20.   The report found a total of 40 new trade-...
Nov 23, 2018
544
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Chinese and Australian officials are now looking at 2019 to complete a 16-nation trade bloc, and with this the hopes of Asian nations to see the pact effected this year now seem to be dim. Known...
Nov 14, 2018
682
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Indian trade negotiators received a pat on their backs from  US President Donald Trump Tuesday who complimented them as ‘the best’. Trump also said that trade talks between the two countries were...
Nov 14, 2018
730
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China is showing signs of strain under the ongoing trade war with the US. October showed its manufacturing growth stalled and Yuan slide. The second largest economy is also exhibiting signs of a...
Oct 31, 2018
635
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Amid a mounting tariff battle  the US imposed restrictions on technology exports to a state-supported Chinese semiconductor maker on grounds of national security. An Associated Press report in...
Oct 30, 2018
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A new study states that the UK  lost out on £4.5 trillion over two decades because of its huge financial sector, according to a report in Independent.   The study by The Sheffield Political...
Oct 11, 2018
728
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In its latest survey, the International Monetary Fund has warned that even after 10 years aaof the global financial crisis, the world remains vulnerable to another meltdown.   The IMF released...
Oct 05, 2018
560
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The US Federal Reserve, on Wednesday, raised interest rates by 25 basis points.    It maintained its plans to steadily tighten monetary policy, and forecast that the US economy would witness at...
Sep 27, 2018
479
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With United States announcing tariff hike against Chinese imports, a large number of Asian manufacturers are mulling shifting manufacturing base from China to other countries.    These...
Sep 24, 2018
663
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United States President Donald Trump, on Monday, imposed tariffs on another set of imported Chinese products worth $200 billion.   The new import taxes will be effective next week and it will...
Sep 18, 2018
553
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The US Federal Reserve, in its policy statement on Wednesday, kept interest rates unchanged. It said economic growth has been rising strongly and the job market has continued to strengthen, while...
Aug 02, 2018
569
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The trade war between US and China will will not affect India directly, however the country may see spike in commodity prices, said Kevin Sneader, global CEO of McKinsey in an interview with ET...
Jul 05, 2018
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China is heading for corporate bond defaults, with weakening its currency and a slowing economy.   In data compiled by Bloomberg, the tally for the first half of 2018 is already nearing a 2016...
Jul 04, 2018
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The energy ministers of OPEC and non-OPEC countries will hold talks on Friday and Saturday to discuss reversing a deal that has been in place for 18 months and that helped lift oil prices to multi-...
Jun 21, 2018
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US President Donald Trump, on Monday, threatened to impose a 10 per cent tariff on other Chinese goods worth $200 billion.   White House, last Friday, approved tariffs on Chinese goods worth...
Jun 19, 2018
660
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US government has approved a plan to impose higher tariffs on Chinese goods.    The move is set to trigger trade war between countries, with China likley to act in retaliation.   Trump has...
Jun 15, 2018
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With US President Donald Trump threatening a hike in import tariff and America's trading partners warning for a tit-for-tat action, it seems the world is on the verge of a trade war. If it happens...
Jun 05, 2018
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US President Donald Trump said he likes free trade but it should be a fair trade. He warned other countries of reciprocal tariff if they keep on imposing high tariffs to US products.    “You...
Jun 04, 2018
627
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The World Trade Organisation's (WTO) dispute settlement body will create a committee to look into America's allegations against certain alleged export subsidy measures in India.   The US, last...
May 31, 2018
707
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In a move aimed at resolving the escalating trade war between the Us and China, China has proposed a package of purchases of American goods and other initiatives which could reduce the US trade...
May 18, 2018
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India is being seen as a land of opportunities by some of Asia’s biggest infrastructure investors. On the contrary, funds are taking a rather dim view of China’s mammoth Belt-and-Road initiative as...
May 16, 2018
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Uncertainties around Brexit notwithstanding, trade and investment ties between India and the UK have been seeing a spurt of growth with a jump by 15 per cent, even as there was a significant creation...
May 16, 2018
911
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The Federal Reserve has kept interest rates unchanged, while acknowledging that inflation has started to creep higher.   The US central bank's Federal Open Market Committee (FOMC) held the rate...
May 03, 2018
650
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The US government might not allow spouses of H1-B visa holders to work legally in the US, says a PTI report.   The move could have an impact on more than 70,000 H-4 visas holders, who have work...
Apr 25, 2018
656
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China seems to be staring at a huge and unprecedented economic and financial crisis.    According to an article published in the Jing Rong Jie (Financial World) website, and reported by the...
Apr 18, 2018
1,175
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The International Monetary Fund (IMF) is optimistic on the outlook for global growth but has sounded a warning about a possible setback due to fading fiscal stimulus and rising interest rates...
Apr 13, 2018
627
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With US pursuing protectionist policies, India and European Union have resumed talks to bring to life the stalled Free Trade Agreement (FTA).    India is looking for greater market access in...
Apr 12, 2018
719
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Among emerging countries in the G20 group, China and India have been hit hardest by the protectionist interventions in the past year, said the Global Trade Alerts (GTA).   China, the US and...
Apr 10, 2018
719
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In March, US trade representative Robert Lighthizer’s office had challenged India at the WTO over its export promotion schemes alleging that these exemptions are against the WTO rules as they...
Apr 02, 2018
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The process of filing petitions for H-1B began from Monday amidst high scrutiny by the US administration. This visa is considered as the most sought-after work visa among highly skilled Indian...
Apr 02, 2018
625
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If the tariff war escalates into a fullscale global trade war, it would have a collateral damage for the Indian economy as well, with the country's exports taking a hit, current account deficit...
Mar 26, 2018
720
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Even as US President Donald Trump announced US$ 50 billion of tariffs on Chinese steel and aluminum products in a move to punish China for its “unfair” trade practices; in a retaliatory counter...
Mar 23, 2018
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The US Federal Reserve, on Wednesday, raised interest rates and forecast to make two more hikes in 2018.   The bank, led by Jerome Powell in his first meeting as chairman, approved the new...
Mar 22, 2018
762
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