Talks about the US and China coming close to reach an agreement on the trade deal have been rife for a while now, even as US officials say that they are “not satisfying as yet” on the current developments. An announcement is expected in the next four to six weeks. As per US officials, China […]
The performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other economies, advanced or developing. There are, however, concerns on the sustainability of these indices in […]
In tune with India’s penchant for yellow metal gold, the country’s bullion reserves at a whopping 607 tonnes is far ahead of Pakistan. Notably, India is the single largest consumer of gold and has the 11th largest gold reserve, with the current holding pegged at 607 tonnes, as per the latest report by the World […]
U.S. sanctions, political troubles and repeated power blackouts pushed Venezuela’s crude production to a long-term low of 870,000 barrels per day (bpd) in March, the International Energy Agency (IEA) said in its latest report, even lower than OPEC reported the day before. “The blackouts are an additional challenge for Venezuela’s oil sector, already set back […]
Mining production globally registered its fourth consecutive contraction, falling 7.5 per cent year-on-year in February compared to a 3.3 per cent fall the previous month, Statistics South Africa said in a report. This registers as the largest fall in production since March 2016 when output fell 17.4 per cent year-on-year. Diamonds, iron ore and gold […]
Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel under pressure from green-minded investors. Indonesia is on track for the third-largest coal-fired power capacity of new plants under development, behind China and India. Vietnam follows in fourth place, while the Philippines […]
The World Steel Association (WSA) has revised the October 2018 forecasts of country-wise steel consumption and these figures are being formally announced in April 2019 meeting. The global demand for finished steel at 1,711.6 million tonnes (MT) in 2018 is slated to reach 1,734 MT (+1.3%) and 1,750 MT in 2020. The volume growth in […]
Economic growth in China is expected to moderate in the next two years as global growth slows and trade tensions with the United States (US) weigh on trade and investment, according to the Asian Development Bank (ADB). In its Asian Development Outlook (ADO) 2019, ADB projects gross domestic product (GDP) growth for the world’s second largest […]
Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report. The latest Asian Development Outlook (ADO) 2019, ADB’s flagship economic publication, forecasts that growth in the region will soften […]
The International Grains Council (IGC) forecast that grains stocks would fall further in the 2019 season with an anticipated increase in both wheat and corn production insufficient to satisfy record demand. IGC see total stocks of grain falling by 29 million tonnes this season to 575 million tonnes following a 44 million tonne drawdown in […]