Trade Tensions

WTO cuts global trade growth forecasts to 1.2% for 2019 on escalating trade tensions; projection to not augur well for India

WTO Director-General Roberto Azevedo said the darkening outlook for trade is discouraging but not unexpected.

Asia stocks slump on recession fears after Dow suffers worst day of year; US bond yields plunge

The intensifying US-China trade war shows no signs of resolution and the flight to bonds signal the growing fears of a global recession

Payment firms can process transactions abroad, but must store data only in India, says RBI

RBI's announcement was made to clarify its directive in April last year that mandated foreign firms to store their payments data “only in India” for “unfettered supervisory access”.

Mike Pompeo arrives in India: Despite trade tensions, mixed signals from US, expect New Delhi to continue 'issue-based' policy

Indian strategic circles are abuzz with speculation about the possible outcomes of the visit of US secretary of state Mike Pompeo, at a time when trade tensions with the US are hogging media headlines in New Delhi

WTO reform process should not undermine fundamental principles: Commerce Minister Piyush Goyal

Goyal said that the current proposals on WTO reform do not take into consideration the challenges and aspirations of developing countries.

China evokes patriotism, past wars as US trade conflict heats up; state media says tensions will only help them grow stronger

China has yet to say whether or how it will retaliate to the latest escalation in trade tensions which saw US put telecoms equipment giant Huawei Technologies Co Ltd on a blacklist

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.

Global growth outlook 'precarious' amid trade tensions; pauses in rate hikes to help boost activity in H2: Christine Lagarde

She previewed new IMF research showing that rising trade barriers were hurting investment in plant, machinery and job creating projects.

US presses India to stop buying oil from Venezuela's Maduro govt: Envoy

Farm loan waivers will not solve agrarian distress, says IMF chief economist Gita Gopinath; suggests cash transfers instead

Notwithstanding the modest downward revisions, Gopinath said risks to more significant downward corrections are rising