trade

June 14, 2024 11:10 AM

Stock indices remain firm in opening trade, hover around record highs

Indian stock indices opened higher Friday and hovered around lifetime highs, continuing their uptrend from the previous sessions, primarily due to a moderation in inflation in May - both in India and the United States. At the time of filing this report, Sensex and Nifty traded a touch above their previous day's closing. Nifty sectoral indices were mixed today. India's annual retail inflation eased to a 12-month low of 4.75 per cent in May from 4.83 per cent in April, government data showed on ...

June 11, 2024 8:43 AM

BRICS calls for enhanced use of local currencies in trade between member countries

The BRICS ministers of Foreign Affairs met in Russia's Nizhny Novgorod on Monday and held a plethora of discussions, including an important one on the enhanced use of local currencies in trade and financial transactions between the BRICS countries. At the meeting, the ministers recognized the need for a comprehensive reform of the global financial architecture. "They recalled the paragraph 45 of the Johannesburg II Declaration tasking the Finance Ministers and Central Bank Governors of the BRIC...

June 2, 2024 11:32 AM

China, UAE ready to trade defence and security experiences

China and the United Arab Emirates have emphasised a readiness to exchange experiences on defence and security, with a view to upgrading capacities of military personnel and security institutions in both countries, China's foreign ministry said on Sunday. China said both sides appreciated their defence, military and security cooperation and coordination, the increased visits between both militaries, as well as mutual participation in training, exhibitions and official activities. This was anno...