Global Business

Global Business

FICCI expresses concern over hikes in tax, SD

Increased costs of doing business could weaken operational capacity, the chamber said

9h ago

India allows transit for heavier Nepali cargo to Bangladesh

Under Indian road transport regulations, the limits are set at 18.5 tonnes for two-axle vehicles and 28 tonnes for three-axle vehicles

12h ago

WTO favours EU over Indonesia on palm oil restrictions

Indonesia, the world's leading producer of palm oil, in 2019 requested an expert panel review of the EU restrictions.

1d ago

US consumer inflation expectations soar in January on tariff fears

Long-run inflation expectations soared to 3.3 percent, the highest level since June 2008, from 3.0 percent in December.

1d ago

11 conditions made mandatory for trade through Benapole port

Beanpole customs also listed 12 types of imported goods that should go through physical inspection

2d ago

US Fed's December rate cut should be its last for now: official

The US central bank voted 11-to-1 in favor of cutting rates by a quarter of a percentage point at the meeting on December 17 and 18, reducing the bank's key lending rate to between 4.25 and 4.50 percent despite an uptick in inflation

2d ago

Taiwan chip giant TSMC says 2024 revenue rose 33.9%

Net revenue rose 33.9 percent to NT$2.9 trillion ($87.8 billion), the company said in a statement, ahead of the release of its complete earnings report next week.

2d ago

US hiring beats expectations in December to cap solid year

Hiring in the world's biggest economy stood at 256,000 last month, up from a revised 212,000 in November, the Labor Department said.

2d ago

FICCI wants separate office to handle IP issues

The chamber met industries adviser, discussed collaborative approaches to tackle industrial challenges

3m ago

India to sell onions from reserves to check prices, official says

The Indian government will sell onions from its reserves to cool high prices, a top official at the consumer affairs ministry told reporters on Monday.

3m ago

Beijing slams reported US trade ban on cars with Chinese tech

China warned the United States on Monday not to take "discriminatory actions" against its firms, following reports Washington is planning to ban the sale of vehicles using Chinese and Russian technology

3m ago

UK finance minister vows to 'rebuild' country

British finance minister Rachel Reeves on Monday will vow to "rebuild Britain" after 14 years of Conservative leadership, warning of "difficult decisions" in a speech at the Labour Party conference

3m ago

TSMC, Samsung consider building chip factories in UAE, WSJ reports

TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion

3m ago

Harris to release new economic proposals this week on US wealth creation

US Vice President Kamala Harris plans to roll out a new set of economic policies this week that aim to help Americans build wealth and set economic incentives for businesses to aid that goal, three sources with knowledge of the matter said

3m ago

India’s open for business push has local quirks

Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India

3m ago

Japan inflation firms to 2.8% ahead of BoJ rate decision

Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours before the Bank of Japan was widely expected to leave interest rates unchanged

3m ago

US Fed rate cut is 'very positive sign' for economy: Yellen

"It reflects confidence on the part of the Fed that inflation has come way down and is on the path back to the two percent target, and that the risks with respect to inflation have really meaningfully diminished," Yellen told an event in Washington

3m ago