Global Trade War

Global Trade War News

World luxury residential prices grow at snail’s pace in Q1; Delhi ranks 7th, Mumbai 31st on global list: Report
India

World luxury residential prices grow at snail’s pace in Q1; Delhi ranks 7th, Mumbai 31st on global list: Report

Three Indian cities make the cut in the Index. Delhi ranks seventh as prime property price grew by 5.8 percent on 12-month and 4.4 percent on a 3-month basis.

India remains fastest growing economy ahead of China despite ups, downs
Business

India remains fastest growing economy ahead of China despite ups, downs

India remained ahead of China to retain the tag world's fastest growing large economy withstanding several ups and downs, a spike in oil prices and global trade war like situation during 2018.

India's exports performance 'extremely good', but I'm not fully satisfied: Commerce minister Suresh Prabhu
Business

India's exports performance 'extremely good', but I'm not fully satisfied: Commerce minister Suresh Prabhu

India is preparing a specific strategy for exports to each geography as part of plans to make 2019 a year when outward shipments would start driving the country's overall economic growth, Commerce and Industry Minister Suresh Prabhu has said.

US-China decision to not impose higher tariffs de-escalates hostilities temporarily: Moody's
Business

US-China decision to not impose higher tariffs de-escalates hostilities temporarily: Moody's

In a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the annual G-20 Summit in Argentina, Trump agreed to postpone for 90 days a scheduled increase in tariffs on $200 billion in Chinese imports, while Xi agreed to purchase a very substantial amount of US products so as to reduce the $375 billion trade deficit between the two countries.

Speed up reforms, ease export rules to attract investment, says emerging markets guru Mark Mobius
Business

Speed up reforms, ease export rules to attract investment, says emerging markets guru Mark Mobius

Emerging markets guru Mark Mobius on Tuesday urged the Indian government to accelerate reforms and ease rules for exports to take advantage of the ongoing trade war globally.

Arun Jaitley says global trade war may have created instability, but will help India emerge as bigger manufacturing base
Business

Arun Jaitley says global trade war may have created instability, but will help India emerge as bigger manufacturing base

Calling on businesses to adopt ethical practices, Jaitley said that entities should pay their due share of taxes as the Insolvency and Bankruptcy Code (IBC) will shut doors on ‘fly-by-night' operators.

Sensex recovers over 100 pts on value buying in healthcare, consumer durables stocks; Nifty reclaims 11,000
Business

Sensex recovers over 100 pts on value buying in healthcare, consumer durables stocks; Nifty reclaims 11,000

Rising crude and global trade tensions weighed on market sentiment ahead of the US Federal Reserve's meeting.

US-China trade war fallout: Jack Ma says Alibaba can no longer meet its promise to create 1 million jobs in America
Business

US-China trade war fallout: Jack Ma says Alibaba can no longer meet its promise to create 1 million jobs in America

Ma has already warned that the trade war between the world’s two largest economies could last decades and that China should focus exports on the “Silk Road” trade route

Jack Ma says US-China trade friction could last 20 years, Chinese businesses may move production to other countries
Business

Jack Ma says US-China trade friction could last 20 years, Chinese businesses may move production to other countries

Ma said trade tensions would likely impact Chinese and foreign companies immediately and negatively

Govt again extends deadline to impose higher customs duties on 29 US products till 2 November
Business

Govt again extends deadline to impose higher customs duties on 29 US products till 2 November

The duty hike move by India was in retaliation to US President Donald Trump's 9 March decision to impose heavy tariffs on imported steel and aluminium items

Rupee crashes to fresh record low of 72.69, down 24 paise on higher crude prices, capital outflows and trade war concerns
Business

Rupee crashes to fresh record low of 72.69, down 24 paise on higher crude prices, capital outflows and trade war concerns

The rupee is the latest currency to be dragged down by fears that an escalating trade war could hurt global growth and severely affect Asian economies.

Rupee freefall continues: Currency hits new record low of 72.73, down 28 paise on global concerns
Business

Rupee freefall continues: Currency hits new record low of 72.73, down 28 paise on global concerns

On Tuesday morning, the rupee opened on a positive note by inching 15 paise higher at 72.30 against the US dollar amid increased selling by banks and exporters.

Rupee in free-fall: Currency cracks below 72-mark to end at record low of 72.45 on global concerns
Business

Rupee in free-fall: Currency cracks below 72-mark to end at record low of 72.45 on global concerns

Heavy speculative dollar demand along with panic among importers sent the rupee tumbling by a sharp 94 paise to hit a historic low of 72.67 in mid-morning trade, triggering the central bank intervention to defend the currency.

Daniel Zhang, low-key CEO, will succeed Jack Ma at Alibaba: All you need to know about the 'free and unfettered' executive
Business

Daniel Zhang, low-key CEO, will succeed Jack Ma at Alibaba: All you need to know about the 'free and unfettered' executive

Little is known outside the company about Zhang, a soft-spoken accountant who goes under the epithet “Xiaoyaozi” at work - literally meaning the “free and unfettered one.”

Manufacturing growth eases in August on softer domestic demand; weak rupee boosts exports: PMI
Business

Manufacturing growth eases in August on softer domestic demand; weak rupee boosts exports: PMI

Indian economy expanded 8.2 percent in the April-June quarter, its fastest pace in more than two years, driven by solid growth in manufacturing and consumer spending

BRICS Summit 2018: Five-member bloc calls for strengthening of multilateral trading system amid rising trade disputes
Business

BRICS Summit 2018: Five-member bloc calls for strengthening of multilateral trading system amid rising trade disputes

BRICS call on all WTO members to abide by the WTO rules and honour their commitments in the multilateral trading system.

BRICS Summit 2018: Investors to track communiqué from Johannesburg as leaders get down to business
Business

BRICS Summit 2018: Investors to track communiqué from Johannesburg as leaders get down to business

Over the past decade, member nations of the BRICS grouping have had to grit their teeth and paddle through some rough patches.

Fund inflows from private equity and venture capitalists jump 46% in H1, cross $15 billion: EY report
Business

Fund inflows from private equity and venture capitalists jump 46% in H1, cross $15 billion: EY report

H1 saw 36 large deals worth $11.5 billion, which were mostly buyouts, making such deals the highest ever at $4.9 billion, a report by EY said

India must lead in defusing the possibilities of a global trade war: Ficci
Business

India must lead in defusing the possibilities of a global trade war: Ficci

Ficci observed that protectionist measures by the US have raised serious concerns about a global trade war, highlighting the importance of keeping the WTO process intact and also making the multilateral institution stronger

Sensex plunges over 400 points, Nifty cracks below 10,000 over fears of a global trade war
Business

Sensex plunges over 400 points, Nifty cracks below 10,000 over fears of a global trade war

The NSE Nifty too cracked below the crucial 10,000 mark by diving 153.45 points, or 1.51 percent, to 9,961.30.