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Suresh Prabhu, the Minister of Commerce and Industry of India, in an interview with Bloomberg said that the Indian government planned to take advantage of the decline in the attractiveness of Chinese supplies due to the trade war between the US and China and increase its exports to the US and other countries. The list of goods offered for export will include such items as auto parts, electrical equipment and chemicals. The gap between Indian exports and imports in October increased to 17 billion 100 million dollars, which prompted the government of India to impose a number of restrictions on imports. India’s share of world merchandise exports is 1.7%, well below China’s share of 12.8%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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