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Indian Economy Likely Grew At Weakest Pace In January-March: Report
India's economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low.
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Weak Economy, COVID Rampage Likely Shrank China's Population Again In 2023
China's population likely dropped for a second consecutive year in 2023 due to a surge in COVID-related deaths after the country abruptly ended strict lockdowns, while weak confidence in the economy's prospects keeps birth rates depressed.
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Israel-Hamas War A "New Cloud" Over World Economy: IMF Chief
The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.
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Fitch Retains India's Growth Forecast For Current Fiscal At 6.3%
Fitch Ratings on Thursday retained India's growth forecast for the current fiscal at 6.3 per cent saying the Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, but upped year-end inflation projection on El Nino threat.
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Joe Biden Calls China A "Ticking Time Bomb". Here's Why
US President Joe Biden on Thursday called China a "ticking time bomb" because of economic challenges including weak growth, but misquoted the country's growth rate.
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Biden Calls China A "Ticking Time Bomb" Over Economic Troubles
U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
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How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
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China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
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Xiaomi Quarterly Revenue Falls 18.9 Percent as Global Smartphone Demand Stalls
Xiaomi reported an 18.9 percent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic.
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Rupee Falls 2 Paise To 81.96 Against US Dollar In Early Trade
The rupee declined 2 paise to 81.96 against the US dollar in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price.
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TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
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Rupee Trades 1 Paisa Higher At 82 Against US Dollar
The rupee appreciated 1 paisa to 82 against the US dollar in early trade on Tuesday, tracking a weak dollar and positive trend in domestic equities.
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Rupee Closes 32 Paise Higher Against US Dollar
The rupee gained 32 paise to close at 82.27 (provisional) against the US dollar on Thursday, tracking the weakness of the American currency in the overseas market.
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Rupee Jumps 22 Paise To Reach To 82.37 Against US Dollar
The rupee jumped 27 paise to 82.32 against the US dollar in early trade on Thursday amid a weak American currency and inflow of foreign funds in the domestic equity market.
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Rupee Declines 8 Paise To 82.14 Against US Dollar
At the interbank foreign exchange, the domestic unit opened weak at 82.12 against the dollar fell further to 82.14, registering a decline of 8 paise over its last close.
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Indian Economy Likely Grew At Weakest Pace In January-March: Report
India's economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was low.
-
Weak Economy, COVID Rampage Likely Shrank China's Population Again In 2023
China's population likely dropped for a second consecutive year in 2023 due to a surge in COVID-related deaths after the country abruptly ended strict lockdowns, while weak confidence in the economy's prospects keeps birth rates depressed.
-
Israel-Hamas War A "New Cloud" Over World Economy: IMF Chief
The war between Israel and Hamas has darkened the horizon for a world economy that was already experiencing weak growth, IMF chief Kristalina Georgieva said Thursday.
-
Fitch Retains India's Growth Forecast For Current Fiscal At 6.3%
Fitch Ratings on Thursday retained India's growth forecast for the current fiscal at 6.3 per cent saying the Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, but upped year-end inflation projection on El Nino threat.
-
Joe Biden Calls China A "Ticking Time Bomb". Here's Why
US President Joe Biden on Thursday called China a "ticking time bomb" because of economic challenges including weak growth, but misquoted the country's growth rate.
-
Biden Calls China A "Ticking Time Bomb" Over Economic Troubles
U.S. President Joe Biden on Thursday called China a "ticking time bomb" because of its economic challenges and said the country was in trouble because of weak growth.
-
How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
-
China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
-
Xiaomi Quarterly Revenue Falls 18.9 Percent as Global Smartphone Demand Stalls
Xiaomi reported an 18.9 percent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic.
-
Rupee Falls 2 Paise To 81.96 Against US Dollar In Early Trade
The rupee declined 2 paise to 81.96 against the US dollar in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price.
-
TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy
TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.
-
Rupee Trades 1 Paisa Higher At 82 Against US Dollar
The rupee appreciated 1 paisa to 82 against the US dollar in early trade on Tuesday, tracking a weak dollar and positive trend in domestic equities.
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Rupee Closes 32 Paise Higher Against US Dollar
The rupee gained 32 paise to close at 82.27 (provisional) against the US dollar on Thursday, tracking the weakness of the American currency in the overseas market.
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Rupee Jumps 22 Paise To Reach To 82.37 Against US Dollar
The rupee jumped 27 paise to 82.32 against the US dollar in early trade on Thursday amid a weak American currency and inflow of foreign funds in the domestic equity market.
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Rupee Declines 8 Paise To 82.14 Against US Dollar
At the interbank foreign exchange, the domestic unit opened weak at 82.12 against the dollar fell further to 82.14, registering a decline of 8 paise over its last close.
