India's basmati rice exports seen surging after floor price removed

The world's biggest rice exporter earlier this month removed a floor price of $950 a metric ton for basmati rice, weeks ahead of the arrival of the new season crop.
24 September 2024, 09:51 AM

Dissanayake's push for Sri Lanka economic change leaves IMF deal, debt rework in limbo

Sri Lanka's new president won the election decisively, but his toughest task still lies ahead as he seeks to balance promises to aid the nation's poor against the need to keep crucial supplies of cash flowing from the International Monetary Fund
24 September 2024, 08:41 AM

Fishy business caught by fraying India-Bangladesh ties

Shimmering piles of silver fish are snapped up for exorbitant prices in India's port of Kolkata, the unlikely side effect of a diplomatic fallout after a student-led revolution in neighbouring Bangladesh
24 September 2024, 06:06 AM

IMF says ready for talks with Sri Lanka's new leftist government

IMF is ready to discuss its controversial $2.9 billion bailout programme for Sri Lanka with the country's new government, a spokesman said
24 September 2024, 04:31 AM

China unveils broad stimulus measures to revive sputtering economy

The broader-than-expected package marks the latest attempt by Chinese officials to restore confidence in the world's second-largest economy after a slew of disappointing data in recent months.
24 September 2024, 03:58 AM

EU launches WTO challenge against China dairy probe

The EU on Monday launched a WTO challenge against a Chinese anti-subsidy investigation into imports of European dairy product, in an escalating trade row between Beijing and Brussels.
23 September 2024, 18:00 PM

FICCI wants separate office to handle IP issues

The chamber met industries adviser, discussed collaborative approaches to tackle industrial challenges
23 September 2024, 14:33 PM

India to sell onions from reserves to check prices, official says

The Indian government will sell onions from its reserves to cool high prices, a top official at the consumer affairs ministry told reporters on Monday.
23 September 2024, 09:30 AM

Beijing slams reported US trade ban on cars with Chinese tech

China warned the United States on Monday not to take "discriminatory actions" against its firms, following reports Washington is planning to ban the sale of vehicles using Chinese and Russian technology
23 September 2024, 08:59 AM

UK finance minister vows to 'rebuild' country

British finance minister Rachel Reeves on Monday will vow to "rebuild Britain" after 14 years of Conservative leadership, warning of "difficult decisions" in a speech at the Labour Party conference
23 September 2024, 06:26 AM

TSMC, Samsung consider building chip factories in UAE, WSJ reports

TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion
23 September 2024, 05:16 AM

Harris to release new economic proposals this week on US wealth creation

US Vice President Kamala Harris plans to roll out a new set of economic policies this week that aim to help Americans build wealth and set economic incentives for businesses to aid that goal, three sources with knowledge of the matter said
23 September 2024, 05:09 AM

Central banks may face volatile inflation for years to come

Profound shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is still the best option, European Central Bank President Christine Lagarde said on Friday.
22 September 2024, 18:00 PM
22 September 2024, 12:51 PM

India’s open for business push has local quirks

Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India
22 September 2024, 11:32 AM

Japan inflation firms to 2.8% ahead of BoJ rate decision

Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours before the Bank of Japan was widely expected to leave interest rates unchanged
22 September 2024, 09:50 AM

US Fed rate cut is 'very positive sign' for economy: Yellen

"It reflects confidence on the part of the Fed that inflation has come way down and is on the path back to the two percent target, and that the risks with respect to inflation have really meaningfully diminished," Yellen told an event in Washington
22 September 2024, 09:11 AM

Sri Lanka frontrunner won't tear up IMF deal: party

The party of a Marxist leader on track to win Sri Lanka's presidential vote vowed Sunday not to scrap the country's unpopular $2.9 billion IMF bailout agreement, but instead renegotiate it
22 September 2024, 07:03 AM

US to propose ban on Chinese software, hardware in connected vehicles, sources say

The US Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security concerns, two sources told Reuters
22 September 2024, 05:39 AM

China youth unemployment hits 18.8%, highest this year

Youth unemployment in China climbed to 18.8 percent in August, its highest level this year, as the country struggles to boost a flagging economy
22 September 2024, 05:32 AM