Economy News

Pulses import plunge in India to ripple across Canadian, Australian farms


MUMBAI Pulses imports to India, the world's biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, impacting the plans of its global suppliers.

China foreign ministry says trade war has become biggest 'confidence killer' for world economy

BEIJING China's foreign ministry said on Wednesday that a U.S. trade war has become the biggest "confidence killer" for the global economy, and that the whole world would fight back if the United States continued to impose tariffs.

1:28pm IST

Not dead yet: Home of Brent crude gets new lease of life

LONDON Oil giant BP's Eastern Trough Area Project off the coast of Scotland wasn't supposed to be viable beyond 2018.

8:36am IST

Going, going gone for Australia's house price boom. And some investors smell trouble

SYDNEY It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. It's priced to sell at A$1.88 million ($1.4 million) but no buyers bite and the sale is abandoned.

5:39am IST

Exclusive: Ethiopia says reforms 'to unleash private sector'

ADDIS ABABA Ethiopia is open to selling off a host of state-owned firms, either partially or entirely, as part of a major economic reform drive designed to "unleash the potential of the private sector", its information minister said on Wednesday.

Japan, EU sign free trade pact amid worries about Trump

TOKYO Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by U.S. President Donald Trump. | Video

Japan 17 Jul 2018

WTO's credibility, survival at risk as trade war looms - experts report

GENEVA The credibility and survival of the World Trade Organization (WTO) is under "serious threat" as major economies put up protectionist barriers, independent experts warned on Tuesday.

17 Jul 2018

China still confident of hitting 2018 growth target despite slowdown, trade risks

BEIJING China is still confident of hitting its economic growth target of around 6.5 percent this year despite views that it faces a bumpy second half as a trade row with the United States intensifies, the state planning agency said on Tuesday.

17 Jul 2018

BoE to play its hand in August; UK-EU to eventually cut a deal: Reuters poll

LONDON The Bank of England will nudge up borrowing costs next month, according to economists polled by Reuters this week who have grown a bit more confident Britain will strike a free trade deal with the European Union.

17 Jul 2018

Trade war puts the hoof into U.S. pig part exports to China

CHICAGO Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs' feet and heads they shipped overseas to China and Hong Kong - for prices higher than they would fetch anywhere else.

17 Jul 2018


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Sensex slips as government faces no-trust motion

Indian shares erased early gains on Wednesday, with the benchmark BSE index falling from a record high, as the opposition parties tabled a no-confidence motion against Prime Minister Narendra Modi's government.