Economy News

Column - India shows crude battle is much more than OPEC vs U.S. shale


LAUNCESTON, Australia The market narrative consuming crude oil markets currently is the interplay between supply cuts by OPEC and its allies and rising U.S. shale output, with a side helping of Chinese imports driving demand.

China's new home price growth slows as big cities decline

China's new home price growth slowed in February from the previous month as a raft of government curbs aimed at tempering speculative demand softened prices in the biggest cities, although strength seen in smaller centres remained intact.

10:55am IST

Germany warns U.S. against trying to divide EU on trade

BERLIN Top German government officials on Sunday issued strong warnings to the United States about the dangers of pursuing protectionist policies but said they would continue efforts to avert planned U.S. steel and aluminium tariffs.

18 Mar 2018

Factbox: China's new cabinet lineup at a glance

BEIJING China on Monday revealed a new lineup in its state council, nominated by Premier Li Keqiang, as part of a broad government reshuffle at this year's annual National People's Congress.

10:47am IST

New German finance ministry pushes free trade at G20 meeting

BUENOS AIRES Germany's new finance minister Olaf Scholz warned on Sunday that protectionism could harm future economic prospects and said Germany would continue talks to dissuade the United States from imposing planned punitive steel and aluminium tariffs.

18 Mar 2018

China a rising G20 concern, currencies stable - U.S. Treasury's Malpass

BUENOS AIRES The U.S. Treasury's top economic diplomat said on Sunday that China's move away from market liberalisation was an increasing concern for world economies as currency stability meant that exchange rate issues needed less attention in the G20 and other international forums.

18 Mar 2018

Argentina, Germany want to keep pledge for free trade at G20 summit

BUENOS AIRES Germany and Argentina want to uphold a pledge to keep international trade free at a summit of the world's 20 largest economies in Buenos Aires this week, the countries' finance ministers said on Sunday.

18 Mar 2018

Head of China's new environmental watchdog warns of challenges, tight gas supplies

BEIJING China's head of the newly-created Ministry of Ecological Environment warned on Monday of continuing challenges in the prolonged battle against pollution and expressed concerns about tight natural gas supplies.

World 11:51am IST

Analysis: Investors eye currencies for those most at risk in a trade war

LONDON Foreign exchange markets appear convinced that a global trade war is unlikely to break out anytime soon, although with long bets on some currencies at record highs, investors fear complacency may be setting in.

18 Mar 2018

Merkel, Xi agree to work on steel overcapacity within G20

BERLIN German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.

18 Mar 2018


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Sensex 32,923.12 -252.88 -0.76%
Nikkei 21,480.90 -195.61 -0.90%
Hang Seng 31,513.76 + 11.79 +0.04%
EUR/INR 79.834 +0.05%
USD/INR 64.980 +0.00%
GBP/INR 90.582 +0.03%
Gold 1,311.30 +0.00 +0.00%
Oil 62.18 -0.16 -0.26%
Corn 378.50 -4.25 -1.11%

WTO chief says U.S. wants reform in trade body, has raised concerns

NEW DELHI The United States has raised concerns about the functioning of the World Trade Organisation and asked for reforms, WTO Director General Roberto Azevedo said on Monday, as global trade tensions increased.