Asserting that the Indo-Pacific must be a free, open and inclusive region, India today said there was an imperative need for eschewing protectionism and avoiding return to great power rivalries.
India will continue to be the world's fastest growing major economy, ahead of China, with 7.3% growth rate in 2018-19 and 7.6% in 2019-20, ADB said.
Air France-KLM and its stakeholder and business partner China Eastern Airlines announced plans to broaden their joint venture to take in new routes.
China’s foreign-exchange regulator said on Thursday it was well-equipped to keep currency markets stable amid intensifying trade frictions with the United States and prepared to counteract cross-border capital outflow volatility if it arises.
Gold prices sank to a fresh one-year low on Thursday as the dollar powered higher following comments from U.S. Federal Reserve chairman Jerome Powell which reaffirmed expectations for more interest rate rises in the world’s largest economy.
White House trade adviser Peter Navarro told CNBC that Trump’s trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe.
Sri Lanka has asked the Airport Authority of India to submit its business plan for operating the country's loss-making Mattala Rajapaksa International Airport in southern Hambantota, Civil Aviation Minister Nimal Siripala de Silva told parliament.
The news of Taiwanese smartphone maker HTC shutting its India operations was on the cards as the company -- once the darling of Indian users -- could not cope up with the changing dynamics of the market amid rapid growth of Chinese players, experts said.
Asian Development Bank said developing Asia is on track to meet growth expectations for this year and 2019, but warned that rising U.S. protectionist trade measures and countermeasures from China and others pose “a clear downside risk”.
AB Volvo (VOLVb.ST) beat second-quarter profit estimates on the back of strong demand for trucks and construction equipment, but it warned that a strong commercial vehicles’ market would mean continued bottlenecks in the supply chain.