Economy News

India and EU give WTO lists of U.S. goods for potential tariff retaliation


GENEVA India and the European Union have given the World Trade Organization lists of the U.S. products that could incur high tariffs in retaliation for U.S. President Donald Trump's global tariffs on steel and aluminium, WTO filings showed on Friday.

Take Five: World markets themes for the week ahead

LONDON Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

18 May 2018

India gold discounts widen to most in two months; demand up elsewhere

MUMBAI/BENGALURU Gold discounts in India widened to the highest level in nearly two months this week due to sluggish demand amid high local rates, while buying in other major Asian centres ticked up as global prices slid to 2018 lows.

Top News 18 May 2018

Analysis: Why Turkey and Argentina are the main emerging market weak links

LONDON Running the numbers on foreign exchange reserves and general exposure to the dollar throws up some of the reasons why Turkey and Argentina have been at the heart of the recent emerging market sell-off.

18 May 2018

Analysis: Trump's bonfire of the treaties sweeps towards the WTO

GENEVA President Donald Trump has the World Trade Organization in a chokehold, and the United States has made clear what he wants: no more judicial rulings that interpret WTO rules to Washington's disadvantage.

18 May 2018

Monsoon rains to arrive on Kerala coast on May 29

NEW DELHI India's monsoon rains are expected to arrive on the southern Kerala coast on May 29, India's weather office said in a statement on Friday.

18 May 2018

Cutting $200 billion from U.S.-China trade deficit is a tall order

BEIJING For China to slash its record trade surplus with the United States by up to $200 billion annually, it would have to buy the equivalent of more than 600 Boeing airliners every year.

Aerospace & Defence 18 May 2018

Political risk hits Italy's stocks, bonds, euro; dollar gains again

NEW YORK Political uncertainty in Italy weighed on the country's stocks and bonds as well as the euro on Friday, while trade concerns and tepid corporate earnings kept Wall Street in check.

Top News 18 May 2018

Former Indian central bank boss says won't apply for top BoE job

LONDON Former Reserve Bank of India chief Raghuram Rajan said on Wednesday he did not intend to apply for the job of Bank of England governor which is due to come vacant next year.

Top News, 17 May 2018

Weak currency will further curb Indian palm oil imports: industry

KUALA LUMPUR India's edible oil imports for the year to October 2018 may be nearly flat on 2017 as a weaker rupee adds to the impact of a tax hike on the country's most imported edible oil, a Mumbai-based trade body said, revising down earlier forecasts.

16 May 2018


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Sensex 34,848.30 -300.82 -0.86%
Nikkei 22,930.36 + 91.99 +0.40%
Hang Seng 31,047.91 + 105.76 +0.34%
EUR/INR 80.052 +0.00%
USD/INR 67.985 +0.00%
GBP/INR 91.610 +0.03%
Gold 1,289.60 +1.40 +0.11%
Oil 71.28 +0.00 +0.00%
Corn 402.50 +0.00 +0.00%