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India's merchandise trade deficit narrowed sharply to $21.88 billion in May, on account of lower imports, government data released on Monday showed. The trade deficit was lower than the $25 billion expected by economists in a Reuters poll,
China is becoming less and less interested in other countries’ goods. Its imports are stagnant even as exports soar, a result of sluggish consumption and Beijing’s all-out push to beef up domestic industries.
DBS Group Holdings Ltd., Singapore’s largest lender, is planning to recruit 100 bankers catering to the rich in Hong Kong over the next three years with clients having more appetite to trade.
India expects to finalise a free trade agreement with the European Union by the end of this year, Prime Minister Narendra Modi said on Monday, while Cyprus, which assumes the EU presidency in 2026, said better ties would be its priority.
The tentative agreement between the White House and Beijing would, among other things, allow Chinese students into American universities again.