• 1550 stories GLOBAL TRADE

31 seconds ago
Political uncertainty, global cues weaken rupee to record closing low

Mumbai, July 19 (IANS) Domestic political uncertainty a day ahead of a no-confidence motion against the central government weakened the Indian rupee to its record low level against the US dollar on Thursday. Accordingly, the Indian rupee weakened by 42 paise against the US dollar to close at 69.05 on Thursday, from its previous close at 68.63 per greenback. Previously, the rupee ...

42 seconds ago
Digitization offers $39 bn export opportunities for Indian firms by 2022

New Delhi, July 19 (IANS) Rising digitization will unlock a potential $39 billion worth of export opportunities for Indian businesses in select verticals by 2022 -- up from $16 billion in 2017, a Google-KPMG report said on Thursday. The verticals that provides high-potential export opportunities are travel, media and entertainment, Software-as-a Service (SaaS), consumer brands and real e...

18 hours ago
US tariff war to adversely affect international trade: China

Beijing, July 18 (IANS) China on Wednesday continued its attacks on the trade war launched by the US on its exports and said that it would harm global confidence in the economy and growth of international trade. Beijing believes that the series of tariffs imposed by Washington will drag the world economy into danger and weaken confidence at the global level, Foreign Ministry spokesperson...

7 days ago
Key Indian equity indices open in green

Mumbai, July 12 (IANS) The key Indian equity market indices on Thursday opened higher amid global trade tensions leaving financial markets in a state of uncertainty. The Sensitive Index (Sensex) of the BSE, which had closed at 36,265.93 points on Wednesday, opened higher at 36,424.23 points. Minutes into trading, it was quoting at 36,447.95 points, up by 182.02 points, or 0.50 pe...

9 days ago
PE/VC investments up 46% in first half of 2018: EY

New Delhi, July 9 (IANS) Private equity or venture capital investments clocked 46 per cent growth in the first six months of 2018 to $15.2 billion across 351 deals, on the back of strong buyout activity, investments in infrastructure and real estate asset classes, a report said on Monday. Like last year, the strong growth continues to be driven by large deals. The first half of 2018 reco...

11 days ago
WTO under threat, challenging times for global trade: Prabhu

Kolkata, July 7 (IANS) Holding that global trade is passing through challenging times, Union Commerce and Industry Minister Suresh Prabhu on Saturday said the existence of World Trade Organisation (WTO) was under threat. According to him, WTO is a must and in its absence, there will be chaos in the global trade. Today, it is the most challenging time for global trade... we never ...

11 days ago
WTO under threat, challenging times for global trade: Prabhu

Kolkata, July 7 (IANS) Saying that global trade is passing through challenging times, Union Commerce and Industry Minister Suresh Prabhu on Saturday said the existence of World Trade Organisation (WTO) was under threat. According to him, WTO is a must and in its absence, there will be chaos in the global trade. Today, it is the most challenging time for global trade... we never h...

12 days ago
US, China trade war begins

Beijing July 6 (IANS) A trade war between China and the US -- the world's largest economies -- began on Friday as the two sides started slapping additional tariffs on each other's goods, worth nearly $70 billion, a development that could impede global economic recovery. As planned, Washington began taxing 818 Chinese goods worth $34 billion early on Friday to punish Beijing for allegedly...

12 days ago
US, China trade war begins

Beijing July 6 (IANS) A trade war between China and the US - the world's largest economies - began on Friday as the two sides started slapping additional tariffs on each other's goods, worth nearly $70 billion, a development that could impede global economic recovery. As planned, Washington began taxing 818 Chinese goods worth $34 billion early on Friday to punish Beijing for allegedly p...

15 days ago
Equity indices pare early losses to trade higher; auto stocks rise

Mumbai, July 3 (IANS) After opening on a negative note, the key Indian equity indices traded higher on Tuesday afternoon, supported by healthy buying in auto, healthcare and oil and gas stocks. The major Asian indices, however, traded in the red due to concerns of global trade war escalation. At 12.21 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,692...

18 days ago
Rupee movement, macro-data insight to drive equity market

Mumbai, July 1 (IANS) The Indian rupee's movement, coupled with fluctuations in global crude oil prices, are expected to drive investor sentiments on the key domestic equity indices during the upcoming week. Besides, equity market participants will monitor the monthly automobile sales data along with production figures for eight core industries (ECI) in June and the direction of foreign ...

20 days ago
Global cues, weak rupee subdue equity indices; Sensex ends 179 points lower

Mumbai, June 28 (IANS) Subdued global markets and a weak Indian rupee pulled the domestic equity indices lower on Thursday, with the BSE Sensex closing 179 points lower. Globally, investor sentiments were weighed down by the ongoing trade war concerns among major economies. In the domestic market, expiry of the June derivative contracts also added to the volatility on Thursday.

21 days ago
Global cues, weak rupee subdue equities; oil, gas stocks slump

Mumbai, June 27 (IANS) Negative global cues, including rising crude oil prices and the escalating trade war concerns along with a weak Indian rupee, pulled the domestic equity indices deep into the red on Wednesday. Benchmark Asian indices also traded in the negative territory during the day. In the domestic market, the NSE Nifty50 closed at 10,671.40 points, down 97.75 points or...

23 days ago
British parliament approves Heathrow airport expansion

London, June 26 (IANS) Politicians in Britain's House of Commons have backed the controversial expansion of London's Heathrow Airport by a massive majority. British Prime Minister Theresa May, who backs the scheme, was in the Commons as MPs voted 415 to 119 to support a third runway at Heathrow. As the marathon debate continued on Monday, the central lobby in the Houses of Parlia...

23 days ago
Global cues depress equity indices; auto stocks fall

Mumbai, June 25 (IANS) Decline in international markets and rising global trade tensions subdued the key Indian equity indices on Monday afternoon. According to analysts, heavy selling pressure was witnessed in the auto, oil and gas and banking stocks. At 12.46 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded at 10,799.80 points, down 22.05 points or 0.20 per c...

25 days ago
Amid volatility equity indices rise for 5th straight week

Mumbai, June 23 (IANS) Despite volatility and a broadly bearish momentum, the key Indian equity indices rose for the fifth consecutive week, although with marginal gains. Value buying by investors, primarily in banking, healthcare and auto stocks on Friday helped the indices end higher than the previous week's levels. The gains in the week ended Friday, were limited by global tra...

26 days ago
OPEC agrees to hike oil output by near 1 mn barrels a day

Vienna, June 22 (IANS) The Organisation of Petroleum Exporting Countries (OPEC) on Friday announced an agreement to raise oil output which, in accord with non-OPEC producers, had been reduced last year in order to boost prices that had been in free fall mainly due to a supply glut. Following a ministerial meeting here of the 14-nation cartel, the statement released, however, did not pro...

26 days ago
Banking, healthcare stocks, strong rupee lift equity indices

Mumbai, June 22 (IANS) Healthy buying in banking, healthcare and auto stocks during the late-afternoon session lifted the key equity indices after a largely choppy trade on Friday. The domestic indices, however, had opened on a negative note tracking weak Asian markets and the ongoing global trade war concerns. Broadly positive European markets along with an appreciation in the I...

27 days ago
As countermeasure, India hikes import duty on 29 US products

New Delhi, June 21 (IANS) In a retaliatory move against the recent US import duty hikes, India on Thursday raised customs duty on 29 products, including on iron and steel products imported from the US. A Finance Ministry notification said the duty hike would come into effect immediately for 28 products, while for the marine product artemia the increased duty would be effective from Augus...

27 days ago
Weak global cues depress equity indices, auto stocks slump

Mumbai, June 21 (IANS) Broadly negative global markets subdued the key Indian equity indices on Thursday. Indices on both the BSE and the National Stock Exchange (NSE) ended in the red after a largely volatile trade throughout the day. Concerns of a renewed global trade war dampened investor sentiments in the international markets, analysts said. The key indices had opened on a p...

Subscribe
Read latest breaking news on GLOBAL TRADE in your favourite RSS reader!
All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.