Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South…
Tag: Economy
Taiwan’s exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll….
The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese…
The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT),…
Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply…
The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously decided on Wednesday to raise the benchmark policy rate by 50 basis points, bringing the repo rate to 4.90 percent, following a surprise rate hike in…
In keeping with a jump in global energy costs, jet fuel prices were boosted by a whopping 5.3 percent on Monday, marking the ninth consecutive increase this year. According to a price announcement issued by state-owned fuel dealers, the price…
Officials stated on Thursday that Delhi had a record GST collection of Rs 2,898 crore in the first month of the fiscal year 2022-23. According to them, this is the city’s highest-ever April GST collection. According to them, the record…
On Monday, India and the European Union (EU) decided to form a Trade and Technology Council, a strategic mechanism to address the issues of assuring trusted technology and security in the face of rapid geopolitical change – a move that…
India risks a repeat of last summer’s power outages as soaring temperatures boost demand for coal that’s used to generate about 70 percent of the country’s electricity. The hottest March in more than a century has heralded an early start to…