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Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
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IMF Downgrades India's Growth Projection To 9.5% From 12.5% For 2021-22
The International Monetary Fund (IMF) lowered India's growth projection from 12.5 per cent to 9.5 per cent for fiscal 2021-22 - down by three percentage points, following the severe second wave of COVID-19 pandemic in the country. For the current fiscal year, India witnessed the largest drop in growth projections made by IMF, even as the global eco...
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Gautam Adani Becomes 14th Richest Person In The World, Second Richest In Asia
Gautam Adani founded Adani Ports and Special Economic Zone (APSEZ), which is the country's largest private port operator.
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From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget 2020
As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's fastest-growing major economy for four years, India was predicted to emerge as the third largest economy after the US and China. But that script has gone awry in t...
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China Made Steady Progress, Policies In Place To Check Risks: Xi Jinping
Playing down concerns over economic slowdown in China amid the intense trade war with the US, President Xi Jinping on Sunday said the world's second largest economy has made "steady" progress as his government took new steps for reforms and opening-up of economy to avert major risks.
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India To Remain Fastest-Growing Major Economy But Oil Prices Pose Risk: Poll
Analysts in the most recent Reuters poll expect China's economy, the world's second largest, to grow 6.6 per cent this year.
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Chinese Government Advisers Expect Limited Economic Hit From US Trade Rift
Chinese state researchers and media have talked down the likely impact of US trade measures on the world's second largest economy and described the Trump administration's posturing on trade as the product of an "anxiety disorder".
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China Elects New Economic Team As President Xi Kicks Off Second Term
China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt to reduce systemic risks to the world's second-largest economy.
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China's Economy Grew By 6.9 Per Cent In 2017: Report
China's economy picked up steam in 2017 and grew by 6.9 per cent year-on-year, totalling about $12.84 trillion and reversing the downtrend of the world's second largest economy since 2010, official data said in Beijing today.
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Russia Boosts Military Spending Despite Sanctions: Study
Russia became the world's third largest military spender in 2016 despite low oil prices and economic sanctions, as the global expenditure rose for a second consecutive year, a study said on Monday.
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Smartphones Are Moving Jobs From China To India, State Media Warns
As China's telecom firm Huawei starts manufacturing in India, China's state media has raised the red flag, warning that Beijing needs to worry about job cuts due to shifting of production bases as economic rivalry increases between India and the world's second largest economy.
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Can India Be Next China? Not Impossible, Says HSBC
China is the world's second largest economy, with a GDP of over $10 trillion, five times bigger than India's $2 trillion economy.
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China Economy Posts Weakest Growth Since 2009 But Recovery Signs Emerge
China's economy grew at its slowest pace in seven years in the first quarter, however, indicators from the country's consumer, investment and factory sectors point to nascent signs the slowdown in the world's second largest economy may be bottoming out.
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China Growth to Fall to 6.7% This Year: World Bank
China's economic growth will decline to 6.7 per cent this year and further contract to 6.5 per cent next year owing to deceleration in the real estate and manufacturing sectors in the world's second largest economy, the World Bank forecast on Monday.
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China Ends One-Child Policy, All Couples to be Allowed Two Children
China announced the end of its hugely controversial one-child policy today, after decades of strict, sometimes brutal enforcement left it with an ageing population and shrinking workforce, heightening the challenges of slowing growth.
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Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
-
IMF Downgrades India's Growth Projection To 9.5% From 12.5% For 2021-22
The International Monetary Fund (IMF) lowered India's growth projection from 12.5 per cent to 9.5 per cent for fiscal 2021-22 - down by three percentage points, following the severe second wave of COVID-19 pandemic in the country. For the current fiscal year, India witnessed the largest drop in growth projections made by IMF, even as the global eco...
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Gautam Adani Becomes 14th Richest Person In The World, Second Richest In Asia
Gautam Adani founded Adani Ports and Special Economic Zone (APSEZ), which is the country's largest private port operator.
-
From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget 2020
As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's fastest-growing major economy for four years, India was predicted to emerge as the third largest economy after the US and China. But that script has gone awry in t...
-
China Made Steady Progress, Policies In Place To Check Risks: Xi Jinping
Playing down concerns over economic slowdown in China amid the intense trade war with the US, President Xi Jinping on Sunday said the world's second largest economy has made "steady" progress as his government took new steps for reforms and opening-up of economy to avert major risks.
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India To Remain Fastest-Growing Major Economy But Oil Prices Pose Risk: Poll
Analysts in the most recent Reuters poll expect China's economy, the world's second largest, to grow 6.6 per cent this year.
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Chinese Government Advisers Expect Limited Economic Hit From US Trade Rift
Chinese state researchers and media have talked down the likely impact of US trade measures on the world's second largest economy and described the Trump administration's posturing on trade as the product of an "anxiety disorder".
-
China Elects New Economic Team As President Xi Kicks Off Second Term
China elevated a key confidante of President Xi Jinping to one of the top positions in government on Monday as Beijing cracks down on riskier financing and a debt to reduce systemic risks to the world's second-largest economy.
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China's Economy Grew By 6.9 Per Cent In 2017: Report
China's economy picked up steam in 2017 and grew by 6.9 per cent year-on-year, totalling about $12.84 trillion and reversing the downtrend of the world's second largest economy since 2010, official data said in Beijing today.
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Russia Boosts Military Spending Despite Sanctions: Study
Russia became the world's third largest military spender in 2016 despite low oil prices and economic sanctions, as the global expenditure rose for a second consecutive year, a study said on Monday.
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Smartphones Are Moving Jobs From China To India, State Media Warns
As China's telecom firm Huawei starts manufacturing in India, China's state media has raised the red flag, warning that Beijing needs to worry about job cuts due to shifting of production bases as economic rivalry increases between India and the world's second largest economy.
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Can India Be Next China? Not Impossible, Says HSBC
China is the world's second largest economy, with a GDP of over $10 trillion, five times bigger than India's $2 trillion economy.
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China Economy Posts Weakest Growth Since 2009 But Recovery Signs Emerge
China's economy grew at its slowest pace in seven years in the first quarter, however, indicators from the country's consumer, investment and factory sectors point to nascent signs the slowdown in the world's second largest economy may be bottoming out.
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China Growth to Fall to 6.7% This Year: World Bank
China's economic growth will decline to 6.7 per cent this year and further contract to 6.5 per cent next year owing to deceleration in the real estate and manufacturing sectors in the world's second largest economy, the World Bank forecast on Monday.
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China Ends One-Child Policy, All Couples to be Allowed Two Children
China announced the end of its hugely controversial one-child policy today, after decades of strict, sometimes brutal enforcement left it with an ageing population and shrinking workforce, heightening the challenges of slowing growth.
