Exports jump 38 yy in April, car association says Domestic sales fall 5.8 yy in April CPCA New energy vehicle sales at 43.5 of total for month BEIJING, May 10 Reuters China39;s car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8 from a year earlier amid […]

BENGALURU, May 10 Reuters Citigroup analysts upgraded India to overweight from neutral in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum. The brokerage expects India39;s bluechip NSE Nifty 50 index to rise 7 between now and the end of the current financial year ending March 2025, setting a target of 23,900. […]

MUMBAI, May 10 Reuters India39;s foreign exchange reserves halted a threeweek losing streak and stood at 641.59 billion as of May 3, coming off sevenweek lows, data from the central bank showed on Friday. The reserves rose by 3.7 billion in the reporting week, the biggest gain in nearly two months. They had fallen by a […]

FRANKFURT, May 10 Reuters Euro zone inflation is on track to ease back to 2 next year so European Central Bank policymakers concluded last month they will likely be in a position to cut interest rates in June, the account of their April meeting showed. The ECB left interest rates unchanged at a record high […]

NEW DELHI, May 10 Reuters India39;s industrial output in March rose a weaker than expected 4.9 yearonyear amid slower growth in mining activity, government data showed on Friday. Economists polled by Reuters had expected industrial output to rise 5.1. Industrial output rose 1.9 in the same month a year ago. Industrial output growth for February […]

BEIJING, May 10 Reuters Erratic rainfall in China39;s southwest is frustrating a multibilliondollar push to green an aluminium industry that accounts for almost 60 of global output and, by some estimates, emits more carbon dioxide than Australia. Lured by official promises of cheap hydropower, China Hongqiao Group and a handful of other coalreliant smelters several years […]

NEW YORK, May 10 Reuters A host of U.S. companies are faced with a problem they had not expected to confront this year a rising dollar. Many market participants believed the dollar would fall on the back of interest rate cuts that both investors and the Federal Reserve had penciled in for 2024. Those cuts […]

Household spending down again, raising questions on BOJ exit Weak consumption, global economic outlook underscore challenges Japan39;s current account surplus hits record in FY202324 TOKYO, May 10 Reuters Japan39;s consumer spending fell for the 13th straight month in March, creating challenges for policymakers who are seeking to drive stronger real wage growth, a prerequisite for […]

HARARE, May 10 Reuters Zimbabwe will fine businesses using inflated exchange rates as the government battles to maintain the value of its newly introduced goldbacked currency, the Zimbabwe Gold ZiG. Any business using an exchange rate higher than the official rate of 13.5 ZiG per U.S. dollar will be liable for a fine of 200,000 […]