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2 mins read
Decreased oil exports, because of lower crude prices increasing India's trade deficit, says CRISIL
India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in…
ANI
2 mins read
Gold imports dip 4.23% to $12.64 billion in Apr-July 2024
In April, the imports jumped to $ 3.11 billion from one billion in April 2023. According to a jewel…
PTI
3 mins read
India's trade deficit expected to decline further: Economic Survey
The Survey said that though ongoing geopolitical headwinds impacted India's merchandise exports, lo…
PTI
3 mins read
Indian exports show resilience amid global challenges in first quarter, says CRISIL report
Despite the positive growth in exports, the trade deficit widened to $21 billion in June from $ 19.…
ANI
4 mins read
US-China tariff war could benefit several sectors in India while harming a few others
President Joe Biden imposed fresh tariffs on Chinese products to protect American workers from unfa…
2 mins read
China's economic plans make a trade war likely whether Biden or Trump wins the presidency
"Structural changes in China's economy mean that Washington and Beijing are on a collision course o…
Filip De Mott
1 min read
Russia's economy dealt a crushing blow as its current-account surplus collapses by 93%
Russia's current-account surplus tanked 93% to $5.4 billion last quarter from the year-earlier peri…
Zahra Tayeb
1 min read
Russia's economy takes a hit as its current-account surplus crashes 85% compared to last year
As war in Ukraine drags on, more signals are flashing that all is not well in Russia's economy desp…
Phil Rosen
4 mins read
RBI records its largest-ever current account surplus — but that’s not necessarily a good thing
More money in the bank is usually regarded as a positive sign to look forward to, but for the Reser…
2 mins read
Russia and China's trade relationship has become increasingly lopsided
Import data reveals just how reliant the Kremlin has become on Beijing over a year into Russia's wa…
Phil Rosen
2 mins read
China exports jump a surprise 7.2% in July driven by rising demand for medical supplies, despite Trump's 'tech grenade'
China's strong data came even as Donald Trump "lobbed another tech grenade in his cold war with Bei…
Shalini Nagarajan
1 min read
Russia's trade with the US plummets to a 3-decade low while its commerce with China surges past $200 billion
The value of trade between Russia and the US totaled $277.3 million in July – the lowest sinc…
Zahra Tayeb
1 min read
Russian oil and gas revenues help current-account surplus more than triple to $167 billion
From January to July, the surplus ballooned to $167 billion, compared to $50 billion for the same p…
Brian Evans
6 mins read
Decoded: How the rupee trade settlement is tied to India’s trade deficit and forex reserves
As a net-importing country, India’s forex reserves have come under pressure due to the surge in the…
4 mins read
Explained: International trade settlement in Rupees and why RBI is doing it
The Reserve Bank of India’s efforts to keep the Rupee stable and cut down the use of the US Dollar …
1 min read
Russia and India reportedly halt talks over using rupees for trade, with Moscow preferring to be paid in Chinese yuan
Russia and India ending rupee talks deals a blow to Indian importers of cheap Russian oil and coal,…
Carla Mozée
1 min read
Saudi Arabia is on track for its first budget surplus in nearly a decade as the Kingdom rakes in oil revenues amid a global energy crunch
Despite more spending, Saudi Arabia's budget surplus hit $21 billion in the second quarter thanks t…
Phil Rosen
1 min read
Canada's trade surplus with the US widened in April
Both the US and Canada saw record exports in April. Total Canadian exports rose 1.6% to a record C$…
Gina Heeb
3 mins read
SEBI proposes norm to prevent brokers from retaining clients' funds at end of trading day
To curb possible misuse of investors' money by brokers, SEBI has proposed to stop trading members a…
PTI
1 min read
Soaring energy prices help Russia push its current account surplus to a record $70.1 billion in the second quarter despite sanctions
Central bank data showed that Russia notched a record current account surplus of $70.1 billion in t…