Economy Archives - Page 2 of 3 - Delhi

China Q4 GDP Slows on COVID Woes, But Beats Expectations 0

January 17, 2023

The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months

Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ 0

Economy

January 13, 2023

The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies,

Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut 0

Market

December 1, 2022

Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing activity- a bellwether for the economy- weakened substantially in November, official and

US LABOUR REPORT TO SET THE TONE FOR COMMODITIES MARKETS, DOLLAR INDEX 0
- Market, Stock Market
- October 8, 2022
Commodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by Fed officials clearly indicate that the financial market instability did not dissuade
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Oil prices dropped as the US rate hiked, but constrained supply remains a concern 0
- Economy
- June 17, 2022
Oil prices fell on Thursday, erasing early gains and heading down, a day after a drop sparked by a US interest rate rise, albeit tight supplies restricted losses. Brent crude prices were down 45 cents, or 0.4 percent, to $118.06 a barrel by 0906 GMT, while WTI crude futures were down 44 cents to $114.87,
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According to SEA, India’s palm oil imports fell 33% to 514,022 tonne in May 0
- Economy
- June 15, 2022
In May of this year, India’s palm oil imports fell by 33.20 percent to Rs 5,14,022 tonnes, while refineries sent more RBD palmolein oil, according to the industry group Solvent Extractors Association (SEA). In May 2021, India, the world’s largest importer of vegetable oils, bought 7,69,602 tonnes of palm oils. This year in May, the
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