The Nifty Auto Index has experienced a significant decline of almost 28% since reaching its peak in September 2024. This downturn can be attributed to a combination of factors such as US tariff worries, a decrease in automobile demand, and a general market correction. Consequently, the majority of auto stocks have witnessed notable declines. Within … Read more
Increased trade policy uncertainty and prospects of new tariffs could weigh on global trade in the medium term, the World Trade Organisation (WTO) said Wednesday. As per the organisation’s Goods Trade Barometer, global goods trade appeared to remain steady in the fourth quarter of 2024 and looked set to continue growing in the first months … Read more
Florida: President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that … Read more
A PSU firm, which rallied more than 15 times from January 2021 to July 2024, has seen a significant decline of over 51% from its 52-week high reached on July 8, 2024. This firm is Cochin Shipyard, whose order book stood at Rs 22,587 crore as of June 30, 2024, including Rs 21,587 crore in … Read more
New Delhi: The global trade growth is expected to pick up gradually this year after a contraction in 2023 but regional conflicts, geopolitical tensions and economic policy uncertainty pose substantial downside risks, according to a WTO forecast released on Wednesday. The World Trade Organisation (WTO), however, lowered the trade growth projection for 2024 to 2.6 … Read more
The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that’s delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had … Read more
The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first … Read more
Mumbai: India has emerged as one of the winners in global manufacturing over the past five years, with its exports to the US surging by $23 billion, a 44% increase from 2018 to 2022, while China experienced a 10% decline in exports to the US during this period, according to a BCG study on global … Read more
India’s merchandise exports contracted 10.3% year-on-year in May to $34.98 billion from $39 billion a year ago, data released on Thursday showed. Imports also shrank 6.6% on-year to $57.1 billion from $61.13 billion, leaving a trade deficit of $22.12 billion in May from $22.13 billion a year ago. Commerce Secretary Sunil Barthwal said headwinds still … Read more
After staging a strong recovery from COVID-induced slowdown in 2021, India‘s exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country’s exports … Read more