Trade Financial News

Congress on Saturday hit out at the Centre over the issue of trade deficit with China and said that while other countries around the world had taken measures to restrict uncontrolled Chinese imports, «our government has been caught napping at the wheels». Congress general secretary in-charge communications Jairam Ramesh said the data revealed by the government in the Rajya Sabha shows that India's trade deficit with China has surged by about 16% over the last two years from USD 73,306.2 million in FY22 to USD 85,079.03 million in FY24. «Governments across the world are taking note of China's industrial overcapacity and its dumping of goods overseas. However, unlike most governments that have taken proactive measures to restrict uncontrolled Chinese imports, our government has been caught napping at the wheels,» Ramesh said in a post on X. «Our domestic industries are being decimated and shutting down, unable to compete with the onslaught of cheap Chinese goods,» the Congress general secretary said.

global factors like sharper-than-expected weakening of the US labor market, unwinding of Yen carry trades and rising geopolitical tensions in the Middle East, FIIs withdrew $1.3 billion from the Indian stock market in the week. However, buying of around $2.2 billion worth of equities by domestic institutional investors last week limited the downside on Dalal Street. Sensex ended 1.6% lower on a weekly basis as global markets recouped losses after ' Black Monday' sell-off.

Indian Ocean Region (IOR), connecting the Pacific and Atlantic Oceans, is emerging as a critical axis of global trade, skilled young population and geo-economic prosperity. However, this region has witnessed significant transformations in recent years. For instance, China's expanding influence from Bab-el-Mandeb to Strait of Malacca is posing new and unique challenges each passing day. This continues to pose challenges to the Quadrilateral Security Dialogue (Quad) group, whose sole aim is to create a cooperative bulwark against Chinese expansionism and aggressiveness. China’s economic and military might have increased, so has its interest in securing its maritime trade routes and expanding its influence across the Indian Ocean Region (IOR). Here, we are reminded of the quote by Admiral Alfred T Mahan, «whoever controls the seas controls the world». Furthermore, China’s Belt and Road Initiative (BRI) has seen significant investments in port infrastructure and maritime logistics, exemplified by projects like the Djibouti Port in the Horn of Africa, Gwadar Port in Pakistan, and the Hambantota Port in Sri Lanka among others.

Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation, which will have a «very positive» impact on its tourism sector, External Affairs Minister S Jaishankar has said. The Memorandum of Understanding was signed on Friday during Jaishankar's three-day official visit to the Maldives. «Witnessed signing of MoU between (the) National Payments Corporation of India and (the) Ministry of Economic Development and Trade of Maldives on (the) introduction of (a) digital payment system in the Maldives,» he said in a post on X. Developed by the National Payments Corporation of India (NPCI), Unified Payment Interface (UPI) is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.

U.S. inflation numbers, the latest Japanese economic data and a slew of UK data could give investors a fresh steer.

Donald Trump, former US President and GOP presidential nominee delivered his speech at the Bitcoin 2024 conference, it soon made headlines all across the world. Trump reiterated his plan to establish his country as the “Crypto Capital” and “Bitcoin Superpower” of the world — providing much hope to American crypto enthusiasts. Since Bitcoin was released, it has grown rapidly to become the top new asset class in the world. While world governments did not perceive it as a financial changemaker asset at first, the significant adoption rates globally have forced them to think otherwise. For instance, the US government did not have a high opinion of BTC and other cryptocurrencies in the past decade, but the scenario has changed drastically since then as Trump pledged to create a “strategic reserve” of Bitcoin for the US government. Additionally, Trump raised a significant amount of Bitcoin campaign funding which helped to bolster his claims as BTC price soared thereafter.

Indian markets experienced a marginal recovery from the uncertainties arising from concerns about the unwinding of carry trades, driven by the Yen's rapid appreciation and weak macroeconomic data that fuelled recession fears in the US. However, indices closed the week in red, losing over 1% each. During the week, only 30 smallcap companies offered double-digit returns with Century Enka the top gainer (35%), followed by Authum Investment (34.19%), Symphony (33.53%), and Garware Hi-Tech (26%).

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

«Looking at the derivative data, major call writers are active around the 24,400 and 24,500 levels for Nifty. These levels could act as significant supply zones for any minor pullbacks. On the downside, 24,200 and 24,000 have substantial put-based concentration, potentially providing support around the 24,000 level for Nifty in the coming days,» says Rajesh Palviya, Axis Securities. Give us a technical take on the current activity in call and put options for the indices, Nifty and Nifty Bank. What levels should we expect going into next week? Additionally, do you think the correction we've seen over the week is just temporary, or could it be more long-lasting? Rajesh Palviya: This week’s volatility has seen Nifty slip below its 20-day moving average, and it has traded below this average throughout the week. Although Nifty has managed to defend the 50-day moving average, which is around the 24,000 level, this level is still protected. However, Bank Nifty has broken below its 50-day moving average on the daily chart and has not been able to recover above it throughout the week. Both indices have breached their near-term support areas, suggesting that the trend may remain slightly bearish for the next few days.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

surveillance measure (ESM) framework from August 13 to include mainboard companies with a market capitalisation of up to '1,000 crore. Previously, the ESM framework applied only to companies with a market capitalisation of less than '500 crore. To address volatility in smallcap stocks, ESM mechanism was introduced in June last year.

green bonds and also help expand the broader debt market. To enable companies to issue Environmental, Social, and Governance (ESG) bonds locally, the Reserve Bank of India's (RBI) chief general manager Dimple Bhandia talked about the need for an enabling framework for such green bonds within the country, at an Assocham event Friday.

Steady employment levels in July mask “some warning signs” about the health of the Canadian labour market, with most economists expecting the latest figures will open the door for more interest rate cuts to come from the Bank of Canada.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Stellar Lumens, known by the ticker XLM, is trading against the grain today as investors move their money into established larger-cap tokens and exciting new presales.

Bitcoin (BTCUSD) briefly rose above $61,000 early Friday, riding on the heels of Thursday's stock market rally, but the cryptocurrency gave up some of those gains to trade on either side of the $60,000 mark depending on where stocks were trading.

Late Thursday, Coinbase Chief Legal Officer Paul Grewal publicly challenged the Commodity Futures Trading Commission’s (CFTC) proposed ban on event contracts.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

The Indian financial market experienced significant volatility in the past quarter. Fluctuations were notable during the national elections in June, and now with the recent declines, driven by various factors, such as concerns of recession in the US, the fallout of the Japanese Yen carry trade, and the ongoing geopolitical tensions.