India and Chile have signed the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA) as both sides aim at strengthening bilateral relations ahead of the 1st round of negotiations scheduled for 26th to 30th May in New Delhi. The mutually agreed ToR were signed by Juan Angulo, Ambassador of Chile in India … Read more
China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump’s tariffs offensive is hastening a shakeup in global supply chains. Total exports from China rose 8.1% last month from a year earlier, much faster than the 2% pace most economists had been expecting. That … Read more
The Indian rupee may move towards 86–86.50 against the dollar in the near term if the India-Pakistan tensions continue, according to Neeraj Gambhir, Group Executive & Head of Treasury, Markets and Wholesale Banking Products at Axis Bank. Treasury and bond markets are expected to remain cautious heading into next week, with attention on defence spending … Read more
The Indian rupee looks set to decline further on Friday, pressured by the widening conflict between India and Pakistan that may trigger increased hedging and speculative activity. Indian Rupee Under Pressure The 1-month non-deliverable forward indicated that the rupee will open at 85.80 to 85.90 to the U.S. dollar compared with 85.71 in the previous … Read more
Government sources have indicated that the recently concluded negotiations between India and the United Kingdom (UK) for a Free Trade Agreement (FTA) will significantly boost Indian exports and double bilateral trade volumes to $120 billion by 2030. The joint legal scrubbing of the agreement is currently underway and the mutually agreed text is expected to … Read more
Brazil’s central bank raised its interest rate by a half-point and kept its options open for either another hike or a pause at its next decision as policymakers face above-target inflation and global economic uncertainty. Board members led by Gabriel Galipolo unanimously lifted the Selic to 14.75% on Wednesday, as expected by nearly all economists … Read more
The US Federal Reserve Chair Jerome Powell is widely expected to hold rates steady on May 7, keeping the key policy rate in the 4.25% to 4.50% range, where it has remained since December 2024. According to CME Group data, futures traders currently assign a probability of over 95% to the Fed making no changes … Read more
Indian exports to the United Kingdom are set to witness a substantial surge by 2027, driven by tariff reductions under the recently signed bilateral free trade agreement (FTA). Key sectors, particularly apparel, auto components, and chemicals, are expected to benefit significantly from the preferential trade terms. According to trade projections, both woven and knitted apparel … Read more
The Indian alcoholic beverage industry has expressed disappointment over the terms of the Free Trade Agreement (FTA) between India and the United Kingdom, particularly concerning tariff reductions on spirits. Under the FTA, whisky and gin tariffs will be halved from 150% to 75% before falling to 40% by the tenth year of the deal, benefiting … Read more
China’s services activity deteriorated more than expected in April, a private survey showed, the latest setback for an economy already under pressure from US tariffs. The Caixin China services purchasing managers’ index fell to 50.7, the lowest level in seven months, according to a statement from Caixin and S&P Global on Tuesday. The median forecast … Read more