India probing some Adani offshore deals
India’s market regulator is investigating possible violation of ‘related party’ transaction rules in the Adani Group’s dealings with at least three offshore entities that have links to the brother of the conglomerate’s founder, two people said.
Pakistan inflation hits 50-year high
Pakistan’s year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
China committed to economic opening up: premier
China is committed to opening up the world’s second-largest economy and delivering reforms that can help stimulate growth, Premier Li Qiang said on Thursday, adding that geopolitical tension would only hold back development worldwide.
More food shortages could add to Britain’s price pressure
Britons already reeling from the biggest rise in food prices since 1977 may have to get used to shortages of fresh vegetables as soaring costs and unpredictable weather hit domestic production.
Buoyant bitcoin’s losing its liquidity
Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings.
Manufactured goods orders of US edge down in Feb
Orders of big-ticket manufactured items ticked down in February on a slump in defense aircraft and parts, according to US government data released Friday.
Gold price drops
Prices of safe-haven gold dropped on Wednesday as easing fears of a further contagion from the global banking crisis whetted appetite for riskier assets.
Russia’s Rosneft signs deal to boost oil supplies to India
Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday.
Vietnam growth slows as exports slump
Vietnam’s economic growth slowed in the first quarter of the year as exports slumped due to reduced consumer demand, authorities said Wednesday.
Banking turmoil means recession fears creeping back
The failures of US lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared to have abated just a few weeks ago.
Global banking volatility eases
Immediate investor concerns over the banking sector eased on Tuesday, lifting stock prices, with the European Central Bank’s supervisory chief saying recent sector volatility underscored the need to step up regulatory scrutiny.
Oil sales to India soar amid Ukraine conflict: Russia
Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia’s deputy prime minister said Tuesday.
Buoyant bitcoin’s losing its liquidity
Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings.
More food shortages could add to Britain’s price pressure
Britons already reeling from the biggest rise in food prices since 1977 may have to get used to shortages of fresh vegetables as soaring costs and unpredictable weather hit domestic production.
Gold slips for third session
Gold prices dipped for a third straight session on Tuesday, retreating further from the key $2,000 mark, with investors turning towards higher-risk assets as banking turmoil subsides, although a softer dollar limited losses.
Global economy’s ‘speed limit’ set to plunge
The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030, a new World Bank report showed.