MUMBAI, Dec 16 Reuters The fall in commodity prices could help narrow India39;s trade deficit in the coming months, aiding the rupee, analysts said on Friday. India39;s trade deficit narrowed to 23.9 billion in November from 26.9 billion in the previous month, data released on Thursday showed. It was the lowest trade deficit reading since […]

LONDON, Dec 16 Reuters Global coal consumption is set to rise to an alltime high in 2022 and remain at similar levels in the next few years if stronger efforts are not made to move to a lowcarbon economy, a report by the International Energy Agency IEA said on Friday. High gas prices following Russia39;s […]

Dec 16 Reuters India39;s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting interest from more countries. Tajikistan, Cuba, Luxembourg and Sudan have begun talking to India about using the mechanism, according to two sources and an official document reviewed by Reuters. It […]

Retail sales volumes slip 0.4 mm in November Data underlines tough times for UK consumers Consumer confidence ticks up, but still near record low LONDON, Dec 16 Reuters British retail sales slid unexpectedly in November, despite the soccer World Cup and the Black Friday sales promotions, a potential indication of the stress felt by many […]

Japan exports, imports hit records in November Japan on course for record annual trade deficit in 2022 TOKYO, Dec 15 Reuters Japan logged a trade deficit for a 16th straight month in November as imports surged to a record level, while subdued growth in exports to China fanned concern about how COVID disruptions there could […]

BEIJING, Dec 15 Reuters China39;s primary aluminium production in November climbed 9.4 from a year earlier as looser power restrictions allowed some regions to ramp up output and as new smelters started operation. The world39;s top aluminium producer churned out 3.41 million tonnes of primary aluminium last month, according to data from the National Bureau […]

DETROIT, Dec 15 Reuters The past year was sobering for investors who poured money into Tesla Inc and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk39;s success. As interest rates rose and financial markets gyrated, shares in many EV startups deflated. Rivian Automotive Inc, which had a higher market value than Ford […]

BERLIN, Dec 15 Reuters Germany39;s IfW became the latest economic institute to revise up its growth forecast for 2023 on Thursday as Europe39;s largest economy hopes to avoid the worst of the energy crisis with the help of easing energy market prices and state aid. The Kielbased institute now expects gross domestic product to increase […]

Dec 15 Reuters The Russian rouble pared losses after tumbling to its weakest against the U.S. dollar in more than five months on Thursday on fresh pressure from the West39;s price cap on Russia39;s oil exports. The rouble fell to 64.95 against the U.S. dollar in morning trade in Moscow for its lowest reading since […]

MANCHESTER, England, Dec 15 Reuters A ninth interest rate hike in a row by the Bank of England looks to be a foregone conclusion on Thursday and investors will be looking for clues on how many more will be needed with the economy sliding into recession but inflation still above 10. The Monetary Policy Committee […]