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India posts first trade surplus in nearly 2 decades as coronavirus hits imports

by pallanus | Jul 16, 2020 | Business News

India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as the coronavirus pandemic depressed domestic demand for crude oil, gold and other industrial products, reflecting a slowing economy. Indian exports and imports...

Trade body demand ban on Chinese firms HUAWEI & ZTE from Indian 5G rollout

by pallanus | Jul 5, 2020 | Business News

Amid high border tension between India, China, the Confederation of All India Traders wrote to Union Minister Ravi Shankar Prasad demanding to ban HUAWEI & ZTE Corporation of China from participating in the 5G network rollout in India. The Huawei logo is seen on a...

Trade war deepens as Hong Kong, Chinese Customs hold back export consignments from India

by pallanus | Jun 25, 2020 | Business News

Exporter associations have written to the Ministry of Commerce about Hong Kong and Chinese Customs holding back export consignments from India. [REPRESENTATIVE IMAGE] File photo of inland container depot in Delhi (Photo Credits: PTI) Exporters in India are worried as...

European shares inch higher on US-China trade relief

by pallanus | Jun 23, 2020 | Business News

The pan-European STOXX 600 index rose 0.6% by 0711 GMT, led higher by technology, financial services , and industrial goods and services sectors. German metals trader Kloeckner & Co jumped 15.2 per cent after it provided positive earnings outlook for the second...

Donald Trump says he held off Xinjiang sanctions due to trade talks

by pallanus | Jun 22, 2020 | Business News

The United Nations estimates that more than a million Muslims have been detained in camps there. The State Department has accused China of subjecting Muslims to torture and abuse. US President Donald Trump. (Photo: Reuters) President Donald Trump held off on imposing...
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