Video PlayerClose Traders work at the New York Stock Exchange in New York, the United States, on Dec. 13, 2019. U.S. stocks ended higher on Friday as investors digested updates about U.S.-China trade and a slew of economic data. (Xinhua/Wang Ying) "That gives us some comfort that what's been announced is fairly substantial. The phase-one deal is fairly credible in terms of this is a clear path towards de-escalation," said Draho. NEW YORK, Dec. 15 (Xinhua) -- The phase-one economic and trade deal between United States and China will be beneficial to business sentiment and economic growth in multiple countries around the world, an expert with Swiss financial institution UBS said on Friday. It's truly positive that China and the United States have agreed on the text of a phase-one economic and trade agreement, Jason Draho, head of Americas asset allocation at UBS Global Wealth Management, told Xinhua in an interview. Draho said another positive thing is that the substantial phase-one … [Read more...] about China-U.S. phase-one trade deal positive to business sentiment, growth: UBS expert
2018 wage growth uk
Rio Tinto’s $3.5 billion Koodaideri iron ore mine is a welcome investment in WA, but it ain’t no boom
Email By Kathryn Diss Updated November 30, 2018 14:55:33 Photo: Autonomous haulage tucks at Rio Tinto's West Angelas iron ore mine in the Pilbara. (Supplied: Rio Tinto/Christian Sprogoe Photography) Related Story: WA miners search for workers, but this time without 'mercenary-type salaries' Related Story: From boom to bust and back again, and why it's fuelling another problem Related Story: Bidding war begins as WA once again searches for workers to fuel a mining boom Related Story: WA to reap rewards of $8.6b mining boom, but expert warns of bust to follow Map: WA Australia's three major iron ore miners have now committed to spending a total of almost $9 billion on new mining projects across Western Australia's Pilbara, creating thousands of new jobs.Rio Tinto has confirmed it will spend $3.5 billion developing the Koodaideri iron ore mine near Newman, in what is set to become the most technologically advanced iron ore mine in the world.It is expected to create more … [Read more...] about Rio Tinto’s $3.5 billion Koodaideri iron ore mine is a welcome investment in WA, but it ain’t no boom
Tea exports to Pakistan up 47% at Rs 185 crore in FY16
NEW DELHI: Country's tea export to Pakistan jumped 47.50 per cent to Rs 184.56 crore in 2015-16. The overall shipments of tea rose 10 per cent to Rs 4,200.46 crore in the same fiscal. In 2014-15, tea exports to Pakistan had stood at Rs 125.12 crore and the overall exports were at Rs 3,823.64 crore. In volume terms, outward shipments from India to Pakistan increased to 18.94 million kg in 2015-16 as against 15.20 million kg in the preceding fiscal, according to Tea Board's data. India is the world's second biggest tea producer and also one of the largest consumers. The country exports CTC (crush- tear-curl) grade tea to countries like Egypt, the UK, and other traditional varieties to Iraq, Iran, and Russia. The export price to Pakistan increased to Rs 97.44 per kg in the period under review compared with Rs 82.32 a year ago. The rise in tea exports was seen in major tea-importing countries like the CIS countries, the UK, Germany, Poland, the UAE, Bangladesh and Sri Lanka. Tea … [Read more...] about Tea exports to Pakistan up 47% at Rs 185 crore in FY16
Housing sales may rise marginally by 4% in 2019: Report
NEW DELHI: Housing sales are estimated to rise by mere 4 per cent to 2.58 lakh units across seven major cities during this calendar year on subdued demand because of liquidity crunch and overall economic slowdown, according to property brokerage firm Anarock. "Indian real estate was devoid of any appreciable forward momentum in 2019. Dwindling consumption, lacklustre investment appetite and the global slowdown overshadowed all possibilities for growth," Anarock Property Consultants Chairman Anuj Puri said. India's GDP growth rate slumped to a six-year low of 4.5 per cent in Q2 FY20. In its yearly round-up for the real estate sector, Anarock said that collectively, all four quarters of 2019 are likely to see housing sales of 2,58,410 units (assuming 56,200 units in Q4 2019) as against 2,48,300 units sold in entire 2018. Sales were better in the first half of this year but demand fell in the third quarter. Anarock tracks seven major cities -- Mumbai Metropolitan Region (MMR), … [Read more...] about Housing sales may rise marginally by 4% in 2019: Report
CG Power imbroglio: Gautam Thapar cites board approvals, rejects fund misuse allegations
MUMBAI: Citing regular board approvals for various inter-corporate loans, former CG Power Industrial Solutions' non-executive chairman Gautam Thapar has refuted allegations of fund misuse amid alleged governance lapses coming under the regulatory scanner, according to documents submitted by him to the government. In a 36-page submission to the corporate affairs ministry early November, Thapar, who was sacked in a boardroom coup in the wee hours of August 30, has provided documents on various issues, including inter-corporate loans, minutes of board meetings and loans from lenders like Standard Chartered Singapore and Yes Bank. CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power. Markets regulator Sebi banned Thapar and entities associated with him for three years, following which he moved the Securities Appellate Tribunal, which has asked the company to … [Read more...] about CG Power imbroglio: Gautam Thapar cites board approvals, rejects fund misuse allegations