Monthly Archives: September 2018

Seven countries at risk of exchange rate crises: Nomura

Seven countries, including Sri Lanka, Pakistan and Turkey, are at risk of exchange rate crises as investors re-assess their risks following the contagion in Argentina and Turkey, a new index by Nomura says. According to the global financial services major, emerging markets are under pressure as investors reassess the risks …

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Global trade war sends stocks into a free fall

Sensex drops 500 points intraday A combination of global and domestic factors affected investor sentiment on Monday with the benchmark indices registering their biggest single-day fall in almost six months. While renewed concerns over an escalation of trade war between the U.S. and China pulled down global markets, the domestic …

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India may overtake China in farmed shrimp production

‘Many producers planning to expand capacity’ India is set gain the top slot in farmed shrimp production, overtaking China in 2019-20, said Ravi Kumar Yellanki, president, Society of Aquaculture Professionals. “We have already overtaken China in shrimp exports last year but are on par with regard to farmed shrimp production. …

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RBI intervenes as rupee breaches 72.5 to dollar

Currency among worst performers in emerging markets; widening current account deficit weighs, more rate hikes may be on the cards The rupee breached 72.5 a dollar on Monday and touched all-time low of 72.67 intraday as the current account deficit widened to five- year high in the first quarter of …

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U.S. to close Palestine mission in Washington

Trump seeks to force an ‘ultimate deal’ The United States has decided to close the Palestinian mission in Washington in the latest move against them by President Donald Trump, a Palestinian official said on Monday, denouncing it as a “dangerous escalation”. The closure comes as Mr. Trump seeks to force …

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CPEC to consider Pak. social sector priorities

‘We will prioritise livelihood projects and extend them to western Pakistan’ China and Pakistan are looking afresh at projects under the China-Pakistan Economic Corridor (CPEC), in tune with Prime Minister Imran Khan’s focus on development of social infrastructure. “China will give more assistance on a priority basis to such areas …

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