Tag Archives: trade:

India’s merchandise trade deficit narrowed sharply to $20.67 billion in March, official data has shown. A Reuters poll of economists had projected a deficit of $32.75 billion for the month. The March figure is also well below the $27.1 billion in merchandise trade deficit recorded in February. The marginal improvement …

US Vice President J.D. Vance met Indian Prime Minister Narendra Modi in New Delhi on Monday to discuss progress on a bilateral trade deal between the two countries. The meeting comes during a 90-day pause on new US tariffs announced by President Donald Trump earlier this month. According to a …

The Commonwealth of Nations has submitted a formal request for “discussions” with the UK on compensation for the transatlantic slave trade. British Prime Minister Keir Starmer tried but failed to keep the subject off the agenda of a major gathering in the Pacific island of Samoa on October 25–26. The Commonwealth …

Russia-China trade and economic cooperation has been expanding, with over 80% of settlements between the two nations currently made in rubles and yuan, President Vladimir Putin has revealed. DETAILS TO FOLLOW

Economic ties between Russia and China are showing steady growth despite the difficult international situation, Beijing’s ambassador to Moscow said on Friday, predicting that trade could hit $200 billion this year. “Russian-Chinese trade and economic cooperation shows excellent results and sustainable development, despite the tests associated with the pandemic, the …

Iran’s official foreign currency exchange has listed the Russian currency and launched trading in the ruble/rial currency pair, the IRNA news agency reported on Tuesday. The listing comes ahead of President Putin’s visit to Tehran, and has been described by the head of Iran’s Central Bank as “an important step …

Bilateral trade between Russia and Turkey saw enormous growth of 100% in April, according to Turkish Foreign Minister Mevlut Cavusoglu. The minister attributed the surge in commerce to soaring energy expenses arising from the crisis that has hit Europe over the past several months. Cavusoglu said Moscow and Ankara continued …

The Chinese government has insisted that Washington end its efforts to expand economic and military relations with Taipei after the latest round of talks between US and Taiwanese officials, arguing the moves threaten “peace and stability” in the region.  Commenting after the US declared a new initiative to bolster trade earlier this …

Russia and China are continuing to eliminate the US dollar from mutual trade as monthly volumes on the ruble-yuan pair have reportedly soared 1,067% to nearly $4 billion over the past three months. According to Bloomberg calculations, some 25.91 billion yuan, or $3.9 billion, have been exchanged for rubles on …

Ukraine-related Western sanctions are expected to strengthen ties between Russia and Thailand, boosting trade turnover between the nations to as much as $10 billion, according to Russian Economy Minister Maxim Reshetnikov. “The level of $10 billion that we had previously set is still a goal, and an achievable one,” he …