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News & Updates
February 9, 2016 India to soon ratify WTO trade pact
Rediff India Abroad - India has completed most of the consultation process related with the World Trade Organization's trade facilitation agreement and the government is expected to ratify it at the earliest. Trade Facilitation...
February 4, 2016 Six Oil Producers Agree on Emergency Meeting, Iran's Shana SaysSource: Bloomberg
Six OPEC member states and two non members would be open to attending an extraordinary meeting if one is called, Venezuela’s oil ministry said after oil minister Eulogio Del Pino held talks in Iran on Wednesday.
February 3, 2016 EU proposals on Britain pave way for deal - Dutch foreign ministerSource: Reuters
A proposal to help persuade Britain to remain in the European Union is likely to be agreed by EU leaders, the Netherlands, which holds the EU rotating presidency, said on Wednesday.
January 22, 2016 World stocks, oil soar as Draghi the dove tames global bearsSource: Reuters
Stocks and oil, at the forefront of a global market rout since the turn of the year, rebounded strongly on Friday thanks to hints of more monetary policy support by the European Central Bank and bargain-hunting from bruised...
January 20, 2016 CEOs Downbeat on Global Growth With Just 27% Seeing AccelerationSource: Bloomberg
Chief executive officers have turned pessimistic on global economic growth, according to a new survey by PricewaterhouseCoopers LLC. Released on the eve of the World Economic Forum’s annual meeting in Davos, Switzerland, the poll...
January 15, 2016 Chinese stocks enter bear market - text/videoSource: CNN Money
The Shanghai Composite ended the week the way it started, dropping as worries persisted about China's cooling economy and sinking currency. It closed down 3.6% Friday, more than 20% below its recent high in December, the...
January 13, 2016 China’s Exports (And Imports) Look Better Than Its Stock MarketSource: Fortune
Exports fell in December by 1.4% in U.S. dollar figures. Analysts surveyed by Bloomberg were expecting an 8% drop. Exports to Europe and Hong Kong drove the improvement, and even though the Chinese yuan fell in value against the...
January 11, 2016 Shares, oil steady in Europe after China sends Asia sprawlingSource: Reuters
World stocks fell to near 2-1/2 year lows on Monday as a fresh pounding for Chinese markets left Asia at a four-year trough and sent oil and commodity markets sprawling again.
January 8, 2016 Chinese Imports Just Doomed Another 1,200 Jobs at AlcoaSource: Fortune
Alcoa Inc. ( AA -3.95% ) is to close the biggest active aluminum smelter in the U.S., succumbing to the flood of cheap exports from China that has trashed prices for the metal.
January 8, 2016 Global stocks, oil stabilize after new year nightmareSource: Reuters
Gains by Chinese stocks, a steadier yuan and a recovery in oil prices helped calm frazzled investors on Friday, just in time for the first U.S. payrolls report of the year.
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