Global Trade

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Global Trade - Total results - 21
Global trade fell 3% in first quarter of 2020 due to COVID-19, downturn to accelerate in next quarter: UN
Business

Global trade fell 3% in first quarter of 2020 due to COVID-19, downturn to accelerate in next quarter: UN

The coronavirus pandemic has led to a three percent drop in global trade in the first quarter of 2020 and this downturn is expected to accelerate in the next quarter to project a whopping quarter-on-quarter decline of 27 percent, the UN trade body has warned

ABB Power Products posts Rs 29.18 cr net profit in March quarter; total income stands at Rs 812 cr
Business

ABB Power Products posts Rs 29.18 cr net profit in March quarter; total income stands at Rs 812 cr

Last year, ABB India hived off its power grid business and created ABB Power Products and Systems India.

IMF chief economist Gita Gopinath says a very credible challenger necessary to displace US dollar's dominance
Business

IMF chief economist Gita Gopinath says a very credible challenger necessary to displace US dollar's dominance

Speaking here at a WEF 2020 session on dollar's dominance, Gopinath said historically one currency has always dominated the global trade.

Davos 2020: WTO will survive but it will look different, says Roberto Azevedo amid growing call for protectionism over free trade
World

Davos 2020: WTO will survive but it will look different, says Roberto Azevedo amid growing call for protectionism over free trade

Amid a growing clamour among the political class for protectionism over free trade, WTO chief Roberto Azevedo on Tuesday said at the WEF Davos summit that the global trade body would definitely survive this wave but it might look different

Piyush Goyal says tit for tat to countries discriminating against Indian companies; says that's fair by global standards
Business

Piyush Goyal says tit for tat to countries discriminating against Indian companies; says that's fair by global standards

Goyal said it was the Narendra Modi government's policy that if Indian companies are not allowed to do business or opportunities emerging in any country, the government would not allow them to participate in India

Trade pacts losing relevance, protectionism is becoming driving force of contemporary global treaties
Business

Trade pacts losing relevance, protectionism is becoming driving force of contemporary global treaties

The US Secretary of State Mike Pompeo’s recent visit to India prior to G-20 shows the latest challenge of foreign trade treaties.

Slowdown in global trade adversely affects economic growth: Commerce and Industry Minister Piyush Goyal
Business

Slowdown in global trade adversely affects economic growth: Commerce and Industry Minister Piyush Goyal

Slowdown in global trade and investment is of serious concern as it adversely affects economic growth, development and job creation, Commerce and Industry Minister Piyush Goyal has said

Rising protectionism, commodity prices, inadequate liquidity are major challenges for exporters: FIEO
Business

Rising protectionism, commodity prices, inadequate liquidity are major challenges for exporters: FIEO

Sahai said that the other two challenges include fluctuation in commodity prices and inadequate availability of credit as banks are not coming forward to lend exporters.

Global trade will continue to face strong headwinds in 2019-20 on increased economic uncertainty: WTO
Business

Global trade will continue to face strong headwinds in 2019-20 on increased economic uncertainty: WTO

World Trade Organisation (WTO) statement came at a time when India is taking various steps to boost exports. The slowdown in global trade could impact India's exports.

China-backed trade deal that excludes US to take centre stage at ASEAN Summit as Donald Trump skips conference
World

China-backed trade deal that excludes US to take centre stage at ASEAN Summit as Donald Trump skips conference

World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.

Global economic activity remains solid but US-China trade war torpedoes optimism, say economists
Business

Global economic activity remains solid but US-China trade war torpedoes optimism, say economists

Reuters polls of economists, foreign exchange analysts, bond market and equity market strategists in recent months have raised alarm bells and the US government bond market is also close to flashing a recessionary signal.

Arvind Subramanian calls his stint as chief economic advisor 'best job I ever had and probably ever will'
Business

Arvind Subramanian calls his stint as chief economic advisor 'best job I ever had and probably ever will'

Subramanian’s departure comes at a time when the government is grappling with economic woes stemming from a soaring oil import bill, state banks saddled with a mountain of debt and sluggish private investment.

India will become $5 trillion economy by 2025, says Economic Affairs Secretary Subhash Chandra Garg
Business

India will become $5 trillion economy by 2025, says Economic Affairs Secretary Subhash Chandra Garg

India is set to become a $5 trillion economy by 2025, Economic Affairs Secretary Subhash Chandra Garg said

Global trade facing challenges, India needs to boost exports: Union minister Suresh Prabhu
Business

Global trade facing challenges, India needs to boost exports: Union minister Suresh Prabhu

The world is facing serious challenges as the US is taking protectionist measures and India needs to explore ways to boost exports, Commerce Minister Suresh Prabhu on Friday said

WTO Delhi ministerial summit does little to lift sense of doom as global trade protectionism makes deadly comeback
India

WTO Delhi ministerial summit does little to lift sense of doom as global trade protectionism makes deadly comeback

On the face of it, it appears that the Union Minister of Commerce and Industry Suresh Prabhu has failed miserably to revive the WTO.

Regulation should be kept at minimum, not stifle industry, says Suresh Prabhu
Business

Regulation should be kept at minimum, not stifle industry, says Suresh Prabhu

A new industrial policy is in the works aimed at reducing regulations and promoting modernisation of existing industry

WTO ministerial meeting ends in stalemate after US criticism, member vetoes; no multilateral outcomes achieved
Business

WTO ministerial meeting ends in stalemate after US criticism, member vetoes; no multilateral outcomes achieved

Driven by President Donald Trump’s “America First” strategy and a preference for bilateral deals, the United States had already blocked ambassadors from drafting a ministerial text in Geneva that included references to the centrality of the global trading system and to trade as a driver of development.

Sitaram Yechury praises Xi Jinping's leadership, says Congress of CPC will be milestone in China's development
World

Sitaram Yechury praises Xi Jinping's leadership, says Congress of CPC will be milestone in China's development

Sitaram Yechury has praised China's achievements made under the leadership of President Xi Jinping

Sikkim standoff should not affect RCEP deal: Chinese daily
India

Sikkim standoff should not affect RCEP deal: Chinese daily

The India-China border standoff should not be allowed to threaten a mega RCEP meeting

WTO lowers world trade growth estimate: What India needs to start worrying about
Business

WTO lowers world trade growth estimate: What India needs to start worrying about

The Indian export sector is plagued by multiple problems and there's a lot the government needs to get right given the WTO's forecast for world trade this year.