The plunge in China’s exports and imports eased in March as factories resumed production, but shipments are set to shrink sharply over coming months as the coronavirus crisis shuts down many economies and puts the brakes on a near-term recovery.
Saudi Ports Authority (Mawani) and Saudi Global Ports (SGP) signed a new Build, Operate and Transfer (BOT) agreement for the Container Terminals in the King Abdulaziz Port in Dammam over a virtual signing ceremony on Tuesday.
Global equities surged on Friday as reports of encouraging trials for a possible coronavirus drug injected optimism into trading floors. Wall Street bounced as Boeing said it would resume production of commercial jets next week,
China’s exports likely fell at a slightly faster pace in September as softening global demand and US tariffs bit more deeply, while imports shrank for a fifth straight month, suggesting pressure on the economy is increasing, a Reuters poll showed.
Japan’s exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand.
Egypt exported 172.8 billion cubic feet (cu ft) of liquefied natural gas (LNG) in 45 shipments from its Idku plant in the 2018-2019 financial year, state-owned company EGAS said in its annual report.
The gross GST revenues collected in December 2021 stood at Rs1,29,780 crore, 13 per cent higher than the GST revenues collected in the same month of 2020, and 26 per cent higher than the GST revenues in December 2019.
Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to release crude reserves around the Lunar New Year.
India’s real GDP is expected to grow at around 9.5 per cent in 2021-22 on a year-on-year (YoY), an SBI Ecowrap report said on Saturday.