PARIS (Reuters) – French cognac makers have hit back at claims by China that they are dumping brandy in the Chinese market, saying the price discounts alleged are unusually small for such a formal investigation. That “raises the question of the real purpose of the process”, the Bureau National Interprofessionnel du Cognac (BNIC), which represents …
French cognac makers hit back at Chinese anti-dumping probe Read More »
By Liz Lee and Nicoco Chan HARBIN, China (Reuters) – Winter tourism in China has rebounded sharply in a welcome boon to economically weak regions in the north struggling to recover from years of pandemic gloom, and providing a boost to sluggish domestic consumption. Destinations in China’s northeastern rust-belt, such as the city of Harbin …
China’s winter tourism rebound a bright spot in tepid economy Read More »
By Nichola Groom (Reuters) – South Korea’s Qcells on Monday said it will supply Microsoft with 12 gigawatts of American-made solar panels through 2032 in what the companies called one of the largest ever deals of its kind. The agreement locks in substantial and stable demand for panels Qcells will make at its new $2.5 …
Microsoft, Qcells strike massive supply deal for US-made solar panels Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -India’s two benchmark indexes declined on Monday, dragged by financials and consumer stocks on concerns over their earnings and tracking a fall in global markets ahead of key economic data. The blue-chip NSE Nifty 50 index fell 0.91% to 21,513, while the S&P BSE Sensex shed 0.93% to 71,355.22. Financials, …
By Aditi Shah NEW DELHI (Reuters) – Mercedes Benz will invest $24 million in India this year and launch over a dozen new cars with a focus on pricier models that have seen strong demand from young, affluent Indians, a top executive said on Monday. More than half of Mercedes’ new launches in the world’s …
Mercedes lines up new investment and array of cars for India Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee ended little changed on Monday as dollar demand from importers, including local oil companies, eroded early gains from inflows. The rupee ended at 83.1375 against the U.S. dollar, barely changed from its previous close at 83.15. While the local unit had risen to a three-week high …
Rupee ends little changed, wedged between inflows, oil cos’ dollar buys Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand has received a green light to borrow to finance its controversial 500 billion baht ($14.29 billion) digital handout scheme, a senior official said on Monday, in a boost to a government eager to stimulate a sluggish economy. The Office of the Council of State, an independent …
Thailand gets green light to borrow to fund $14.3 billion handout plan – official Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Inflows into India’s equity mutual funds rose in December, led by small-caps, while the net assets under management (AUM) climbed above 50 trillion rupees for the first time, data from the Association of Mutual Funds in India (AMFI) showed on Monday. While the mutual fund industry took almost 50 years …
Indian mutual fund assets top record 50 trillion rupees in Dec – data Read More »
(Reuters) -India’s fuel consumption rose to a seven-month high in December to about 20.054 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Total consumption, a proxy for oil demand, in December rose by 6.2% from 18.89 million tons in November. It was up around 2.6% compared …
India’s fuel demand hits seven-month high in December Read More »
NEW DELHI (Reuters) – India’s agricultural exports will rise in fiscal 2023/24 from last year despite curbs on wheat, rice and sugar, the nation’s trade minister said on Monday, amid efforts to diversify shipments. The world’s second-largest producer of wheat, rice and sugar, India restricted exports of these commodities last year in a bid to …
India’s agricultural exports to rise despite curbs on wheat, rice, sugar – minister Read More »
