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Tag Archives: trade

Copper futures trade in green on firm trend overseas

Copper futures traded in green on MCX, on frantic buying by speculators tracking firm red metal in overseas market. Besides, restricted supply and sliding stocks of copper also fuelled the uptrend. The contract for November delivery was trading at Rs 461.15, up by 1.11% or Rs 5.05 from its previous ... Read More »

Cardamom futures trade higher on rising demand

Cardamom futures traded higher on MCX, with the fresh buying by market participants tracking rise in demand. Moreover, report that the heavy rain for a prolonged period have led to fungal diseases in plantations, and plantations spread over 1,337.60 ha in Kerala’s Idukki district had been damaged which added to the ... Read More »

Ganesh Foundry gets nod to trade in commodities derivatives

Ganesh Foundry & Castings has received an approval to invest/trade in commodities derivatives and be registered as client with Ashika Commodities & Derivatives as Member of MCX, NCDEX, ICEX. The Board of Directors of the company at its meeting held on October 06, 2018, approved the same. The Board has ... Read More »

US-China trade war escalates

The 25 per cent tariffs on Chinese machinery, electronics and high-tech equipment including autos, computer hard drives and LEDs mark a significant escalation in the trade dispute between China and US. Meanwhile, China has said it has already imposed retaliatory measures on US goods after the US activated its tariff ... Read More »

Trade war between US and China

The 25 per cent tariffs on Chinese machinery, electronics and high-tech equipment including autos, computer hard drives and LEDs mark a significant escalation in the trade dispute between China and US. Meanwhile, China has said it has already imposed retaliatory measures on US goods after the US activated its tariff ... Read More »

Trump unleashes trade war with tariffs on China

Beijing said it was “forced to take necessary countermeasures” after Trump imposed 25 per cent duties on about USD 34 billion in Chinese machinery, electronics and high-tech equipment including autos, computer hard drives and LEDs. China was expected to respond dollar-for-dollar but did not immediately release details of the countermeasures, ... Read More »

US, China firms brace for escalating trade war

Beijing retaliated immediately to tariffs on tens of billions in Chinese imports imposed by US President Donald Trump yesterday, igniting a trade war that threatens to cut into the pair’s massive bilateral trade — potentially harming exporters and US multinationals keen on China’s huge market. Top among American products hit ... Read More »

US isolated as trade outrage roils G7 ministerial meet

The lack of common ground meant the dispute would continue into next week’s G7 summit in Quebec, Canada, where Trump is expected to face other heads of state as the global economy verges on outright trade conflict. At this snow-capped mountain resort north of Vancouver, British Columbia, US Treasury Secretary ... Read More »

Sensex slumps 61 points in opening trade

Asian shares drifted lower after US President Donald Trump said he was not satisfied with bilateral trade talks with China that occurred last week. Meanwhile, China announced on Tuesday that it would reduce tariffs on some vehicles to 15 per cent from as much as 25 per cent. Tariffs on ... Read More »

China, U.S. vow against trade war in joint statement

Based on the directions of Chinese President Xi Jinping and U.S. President Donald Trump, the Chinese and U.S. delegations conducted constructive consultations on trade issues on Thursday and Friday, the statement said. The two sides agreed to take effective measures to substantially decrease the U.S. trade deficit in goods with ... Read More »

US delegation arrives in China for talks over trade issues

Mnuchin, who is also the U.S. President’s special envoy, is meeting with Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee, who is heading the Chinese side. The talks, which run until Friday, are focused on the root cause of ... Read More »

Huge potential for trade between India, southern Africa countries

Prabhu was leading a high-level business delegation to Johannesburg to participate in the two-day summit from April 29-30. “We feel that there is a huge potential that exists between these two regions,” Prabhu said as he shared the platform with his counterparts form Botswana, Swaziland, Lesotho and Mozambique at the ... Read More »

India, Nepal agree to review bilateral trade treaty

Both countries agreed to initiate a comprehensive review of bilateral trade treaty by July 2018. The treaty which governs bilateral trade was last revised in 2009. The two sides also discussed amendments to the bilateral Treaty of Transit signed in 1999 to further facilitate transit movement of Nepal’s trade with ... Read More »

China promises action on India`s trade deficit, urges RCEP focus

New Delhi: China on Monday promised to address the issue of its massive trade surplus with India and work towards a more balanced trade relationship, while urging greater focus on the Regional Comprehensive Economic Partnership (RCEP) negotiations at a time of increasing protectionist trends globally. This was stated in an ... Read More »

Sensex drops 57 pts in early trade on weak global cues

Mumbai : The benchmark BSE Sensex dropped by 57 points to 33,194.35 in early trade today after banking, telecom, auto, oil & gas, and pharma stocks declined following weak global cues. The 30-share index declined by 56.58 points or 0.17 per cent to 33,194.35. The gauge had gained 32.12 points in ... Read More »