The central parity rate of the Chinese currency renminbi, or the yuan, weakened 149.00 basis points to 6.8631 against the US dollar Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 ...
Access to credit, data and transportation are among the most crucial drivers of economic well-being. To ensure better access to critical needs in India, Rod Tidwell's famous line from Jerry Maguire, "Show me the money", would hold in good stead. Access to the correct quality and quantity of financing at the right time is crucial to improving ec...
People wielding knives and rocks have vandalised self-driving vehicles operated by Waymo, which is the driverless car company owned by Google's parent company Alphabet in the US state of Arizona. More than 20 incidents of vandalism on the self-driving cars have reportedly occurred since 2017, when Waymo arrived in Chandler, Arizona....
The use of Artificial Intelligence (AI) offers about $340 billion cost-saving opportunity for those retail companies that are able to scale and expand the scope of their existing deployments, according to a new global study from French technology services major Capgemini. ...
The coming general elections, along with the ongoing US-China trade war and crude oil prices will determine the trajectory of Indian equities in 2019. Additionally, the Reserve Bank of India's (RBI) rate stance, direction of foreign fund flows, the rupee's strength against the US dollar, quarterly ...
The Indian government is accelerating its programme of blending ethanol with petrol for two reasons: Our petroleum import bill is continuously increasing (we import more than 85 per cent of all our requirements) and two, we have surplus of sugar in India, which has no takers in the export market. ...
Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs 94,726 crore in December from Rs 97,637 crore collected in November despite a rise in the number of tax returns filed. The Finance Ministry on Tuesday said a total of 72.44 lakh GSTR-3B returns were ...
US stocks ended higher, wrapping up a pathetic 2018 amid the largest yearly fall over the past decade, although investors regained some optimism over the prospect of global trade in the year ahead. Following solid gains throughout the day, the Dow Jones Industrial Average rose 265.06 points, or 1.15 percent, to 23327.46 on Monday. The S&P 500 was up 21....
Oil prices advanced amid positive signs of global trade prospects. The West Texas Intermediate for February delivery gained 0.08 US dollar to settle at 45.41 dollars a barrel on the New York Mercantile Exchange on Monday, while Brent crude for March delivery increased 0.59 dollar to close at 53.80 ...
An unfavourable base effect and a contraction in refinery products, coal and cement production decelerated India's eight major industries' output in November to 3.5 per cent, official data showed on Monday. According to the Ministry of Commerce and Industry, the Index of Eight Core ...
