Washington, April 16 (IANS) The US on Thursday called on allies to do more to secure critical maritime routes in the Gulf, saying Washington cannot be expected to shoulder the burden alone amid escalating tensions with Iran. Defence Secretary Pete Hegseth said while some regional partners had supported US efforts, many countries had failed to act when needed.”Other allies have talked a lot and haven’t done anything,” he added, referring to the response during recent hostilities.Hegseth was speak…
Latest global trade News & Updates
New Delhi, April 16 (IANS) India’s benchmark 10-year government bond yield could ease below the 7 per cent mark by June, even as near-term volatility persists due to global and domestic factors, a report said on Thursday.As per the analysis of Crisil Intelligence, bond yields witnessed significant volatility in March, driven by a sharp rise in crude oil prices and heightened geopolitical tensions, which pushed the benchmark yield to its highs for the current financial year.However, easing inflat…
New Delhi, April 10 (IANS) India is set to outpace the broader Asian region, and China, even as growth across developing Asia and the Pacific is projected to slow down over the next two years amid geopolitical headwinds, according to a report released by Asian Development Bank (ADB) on Friday.According to the ADB analysis, economic growth in developing Asia and the Pacific is projected to ease to 5.1 per cent in 2026 and 2027, down from 5.4 per cent last year, weighed by geopolitical tensions an…
Washington, April 9 (IANS) Pakistan is facing mounting debt pressures, weak growth prospects and persistent structural vulnerabilities, which risks its economic stability, the World Bank said.The report highlighted that economies with high public debt, limited fiscal space and heavy external financing needs remain particularly exposed to global shocks such as rising energy prices and tighter financial conditions.Pakistan, now assessed under a broader regional grouping rather than South Asia, fal…
New Delhi, April 2 (IANS) The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said.As per Avendus Capital analysis, India’s auto component industry — casting, forging, stamping and machining — crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reach…
Washington, April 2 (IANS) US President Donald Trump has said that countries that depend on key global routes should take responsibility for securing them. He questioned why the United States should continue to police critical energy corridors such as the Strait of Hormuz.“Let China do it. Let Japan do it. Let South Korea do it… what the hell are we doing it for?” Trump said in his remarks at a White House Easter lunch. The video of the event was posted by White House on its YouTube channe…
Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …
New Delhi, March 30 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that India’s stance at the recently concluded WTO Ministerial Conference (MC14) in Cameroon was “not only heard but also reflected” in the final outcomes, underlining the country’s growing influence in shaping global trade discussions.Wrapping up his four-day visit to Cameroon — where he participated in the WTO Ministerial Conference — Goyal noted that the global trade landscape has undergone signif…
Chandigarh, March 28 (IANS) As global tensions escalate in Gulf countries and disruptions in key maritime routes trigger uncertainty across markets, Punjab Chief Minister Bhagwant Mann on Saturday called on the Centre to act decisively, urging Prime Minister Narendra Modi to take responsibility and leverage India’s global relationships to safeguard the country’s economic and energy security. He cautioned that while PM Modi speaks of becoming a ‘vishwa guru’, the current trajectory ri…
Chandigarh, March 28 (IANS) Congress MP Manish Tewari on Saturday expressed concern over the escalating situation in the Gulf, stating that the ongoing conflict shows no signs of ending and is beginning to impact India’s economic and energy security. He stressed the need for urgent efforts to de-escalate tensions and reopen the strategically vital Strait of Hormuz. Speaking to IANS, Tewari said, “The situation is quite serious. The war in the Gulf does not seem to be ending, and it is having…