With Donald J. Trump promising tariffs, Malaysia hopes a deal with Singapore for greater economic integration will strengthen its role as a China alternative.
Small farmers benefit less by selling their produce to supermarkets (15-11-2024)
Specialised vegetable farms and growers equipped with irrigation are more likely to sell to modern retail stores
Area under Indian rabi pulses likely to be same as last year (15-11-2024)
Trade projects high imports of yellow peas, dip in Australian prices weighing on chana prices
CLSA shifts focus back to India, cuts China exposure (15-11-2024)
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled ‘Pouncing Tiger, Prevaricating Dragon’, CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump’s victory in the US elections as the reason for the move. “Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
CLSA ups India bets, trims China allocation (15-11-2024)
Cites India’s resilience to trade policy and strong domestic ownership
Forex kitty drops by $6.48 bn to $675.65 bn (15-11-2024)
India’s forex reserves dropped by $6.46 billion to $675.65 billion for the week ended November 8, the RBI said on Friday. In the previous reporting week, the forex reserves had dropped by $2.67 billion to $682.13 billion.
Returns Are a Headache. More Retailers Are Saying, Just ‘Keep It.’ (15-11-2024)
In a survey, nearly 60 percent of retailers said they had policies that refund customers for items that aren’t financially viable to send back.
Unifi Asset Management gets SEBI nod for mutual fund operations (15-11-2024)
The company has built an experienced mutual fund team by blending internal expertise with strategic external hires
55,000 Postal Workers in Canada Strike Over Pay (15-11-2024)
The union walked out after talks with the country’s main mail operator failed. The stoppage could disrupt deliveries before the holidays.
Markets tank over 10% from record highs amid FII exodus, weak Q2 earnings, elevated valuations (15-11-2024)
The BSE benchmark Sensex hit its record peak of 85,978.25 on September 27 this year, and the NSE Nifty also reached a lifetime high of 26,277.35 on the same day