Indian and Chinese exporters will be severely hit as new orders cannot be booked at old exchange rates, squeezing margins, Asian banks are expected to raise interest rates and nations will erect trade barriers, bracing themselves against an onslaught of hot money from...
Burning for cleaner fuels, both China and India have sharply upped demand for Liquified Natural Gas in the past three years. Owning to the huge demand from Asia, Qatar, at the recent Singapore Energy Summit agreed to send an additional 7 million tonnes of LNG to China...
Striking the biggest deal yet between a Chinese and private Indian company, Anil Ambani, Chairman, Reliance ADAG, of which Reliance Power is a part announced on Thursday that it has given a US$8.3-billion contract to Shanghai Electric Group Co Ltd (SEC) for supply of...
In recognition of not only its zooming economy but also its thrust towards Information technology and research and development, China on Thursday announced the launch of the world’s fastest supercomputer. Usurping America’s title, China said the new system,...
In a covert move to limit the number of Chinese engineers coming to India to assemble power and infrastructure equipment, India’s Home Ministry has laid a cap of granting employment visa’s only to highly skilled employees with a minimum salary of US$25,000...
Raising interest rates after three years, to mop up excess liquidity, control inflation and systematically lower growth, the People’s Bank of China on Tuesday announced that the one-year lending rate in renminbi would rise from 5.31 percent to 5.56 percent and the...
