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02 Jun

RBI to go fast with rate hikes this year, slow the next - Reuters poll

The Reserve Bank of India will concentrate interest rate hikes over the coming months in a relatively short tightening cycle, according to a Reuters poll of economists who expect the repo rate to reach its terminal level early next year.

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02 Jun

What is ONDC, India's project for an open e-commerce network?

India's government in April launched its Open Network For Digital Commerce (ONDC) as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market.

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02 Jun

South Korea May factory growth slows as output, export orders shrink - PMI

South Korea's factory activity growth slowed in May, as output and export orders contracted amid supply-chain disruptions due to China's COVID-19 lockdown measures, a private-sector survey showed on Thursday.

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02 Jun

India lines up banks for e-commerce effort to take on Amazon, Walmart

NEW DELHI (Reuters) -India's effort to break Amazon Inc and Walmart Inc's dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said.

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01 Jun

Factbox-Six EU countries not ready to adopt euro currency -Commission

Six of the seven EU countries outside the euro zone are still not ready to join, the European Commission said in a report on Wednesday, with only Croatia meeting all the criteria to start using the EU currency from 2023.

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02 Jun

Tight Asia capacity limits room for new LNG ships - Korea Shipbuilding exec

Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said.

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01 Jun

No more bambinos? Italy's firms move to tackle birth crisis

Businesses in the sleepy Italian town of Cartigliano are so worried about its declining birth rate and lack of workers that they have begun paying families' nursery school fees and childcare costs to spur them to have more babies.

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  • China receives US equipment to make advanced chips despite new rules-report
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