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India central bank proposes wider test for foreign control of firms
4+ hour, 4+ min ago (368+ words) By Jayshree P Upadhyay MUMBAI, July 21 (Reuters) - India's central bank on Tuesday proposed changes to foreign exchange management rules, broadening the conditions used to determine whether an Indian firm is controlled by foreign shareholders. The changes were part of draft…...
India's Maruti Suzuki to raise vehicle prices for second time this year
7+ hour, 53+ min ago (68+ words) Yahoo News Singapore July 21 (Reuters) - India's top carmaker Maruti Suzuki said on Tuesday it would increase vehicle prices by up to 30,000 rupees ($311.74) from August, its second portfolio-wide hike in about two months, citing sustained cost pressures. ($1 = 96.2325 Indian rupees) (Reporting by…...
Canada central bank holds key rate steady, says economy improving
6+ day, 1+ hour ago (396+ words) Canada's central bank held its key lending rate at 2.25 percent on Wednesday, citing signs of economic improvement with businesses adapting to new trade relations under US President Donald Trump. Canada's economy had sputtered over the past year, as Trump's tariffs…...
Singapore’s economic growth slows to 5.7% in second quarter
1+ week, 13+ hour ago (493+ words) (Bloomberg) – Singapore's economy is on track to outperform the government's own full-year growth forecast as global demand for artificial intelligence-related electronics continues to offset geopolitical headwinds. Gross domestic product in the second quarter grew 5.7% from the previous year, based on…...
Almost one in three Europeans expect standard of living to decline, survey says
2+ week, 6+ day ago (438+ words) As Europeans become increasingly worried about rising prices, many believe that their standard of living will worsen in the future. Almost one-third of citizens (29 percent) believe that their personal standard of living will decline over the next five years, while…...
EU set for trade 'conflict' with China unless deal reached by autumn, EPP chief Weber tells Euronews
2+ week, 6+ day ago (462+ words) The European Union is heading into a “phase of conflict” with Beijing unless it reaches a deal by the autumn to curb its widening trade deficit, European People's Party chairman Manfred Weber has told Euronews' flagship morning programme, Europe Today....
India's June factory growth slips to second-weakest since mid-2022 as demand softens, PMI shows
2+ week, 6+ day ago (258+ words) BENGALURU, July 1 (Reuters) - India's manufacturing sector expanded at its second-slowest pace in four years in June as cooling demand for goods dragged on output and hiring but easing cost pressures provided some relief, a survey showed. • The HSBC India Manufacturing…...
India's May industrial output grows 5.1% y/y on higher electricity output
3+ week, 1+ day ago (115+ words) Yahoo News Singapore NEW DELHI, June 29 (Reuters) - India's industrial output rose 5.1% in May, led by a pickup in electricity growth, government data showed on Monday, while growth in manufacturing moderated due to supply disruptions linked to the Middle East conflict....
Japan rice prices fall for first time in 3.5 years: official
1+ mon, 2+ day ago (338+ words) Rice prices in Japan finally fell in May for the first time in three and half years, an government official said Friday, following sharp rises for the staple that put the government under huge pressure. Rice prices skyrocketed in 2024 and…...
India May trade gap narrows as exports offset elevated energy import bill
1+ mon, 6+ day ago (370+ words) NEW DELHI, June 15 (Reuters) - India's merchandise trade deficit narrowed marginally to $28.21 billion in May as high global energy prices boosted petroleum exports, partly offsetting New Delhi's elevated import bill. Economists had expected the trade deficit to be $28.72 billion in May,…...