Currency volatility impacts the textile industry, especially in export-driven economies. Exchange rates influence profitability, inflation and trade balances. REER plays a vital role in determining
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Pakistan's textile and apparel exports grew by 5.37 per cent to $2.915 billion in the first two months of fiscal 2024-25. The sector accounted for 57.51 per cent of its total exports. While exports
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The railways authorities of Turkiye, China, Australia, Azerbaijan, Uzbekistan, Kyrgyzstan and Tajikistan recently agreed to create the Eurasian Transport Route International...
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North Indian cotton yarn prices remained steady due to slow demand and payment issues. Demand was weak in Delhi, Ludhiana and Panipat, where unsold inventory accumulated, and traders expect buyers to
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McDermott and BW Offshore have partnered to enhance offshore blue ammonia production. This collaboration will utilise McDermott's expertise in engineering and project execution...
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The Reserve Bank of Australia has held the cash rate at 4.35 per cent, citing persistent inflation, which remains above the 2-3 per cent target range. Despite a drop in...
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The Bangladesh Bank today raised the policy rate by 50 basis points to 9.50 per cent to tackle inflation. The new rate will come into effect from tomorrow. This marks...
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China-to-US container leasing rates dropped by 35 per cent month on month in September and container trading and leasing rates dropped ahead of the Golden Week, which begins...
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Vebro Polymers and Thermax have partnered to form Thermax Vebro Polymers India Private Limited, targeting India's booming flooring market. The new Pune-based entity will...
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The WTO dispute settlement body agreed to set up a panel to find out whether certain tax credits under the US Inflation Reduction Act are in line with WTO rules after a second...
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Cotton yarn prices in south India remained stable due to slow demand, with markets in Mumbai and Tiruppur witnessing weak buyer activity. Spinning mills are relying more on the domestic market, though
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Thai Acrylic Fibre Co., Ltd. (TAF) has partnered with FibreTrace to ensure full traceability and transparency of its Regel fibre. By embedding a unique pigment in raw fibre,...
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AE Elemental opened its first commercial-scale EV battery recycling facility in Zawiercie, Poland. Capable of processing 12,000 metric tons of used Li-ion batteries annually,...
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Switzerland and China yesterday started talks to upgrade the Sino-Swiss FTA and agreed to intensify consultations. Upgrading the FTA will help expand bilateral trade and...
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India's nylon sector is facing a dispute between NSA and the weaving/knitting industry. The NSA seeks government intervention through QCO, higher customs duties and import...
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Noting that strong growth would help India's central bank tackle inflation, S&P Global Ratings recently maintained the country's growth forecast for FY25 at 6.8 per cent and...
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India's economic growth will stay robust, with GDP expected to rise by 7 per cent in FY25 and 7.2 per cent in FY26, the Asian Development Bank projected. In its Asian Development...
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Indian markets saw mixed trends in man-made yarn prices due to low demand and cheaper imports. Polyester yarn remained stable in Ludhiana and Surat, while polyester spun yarn fell in Ludhiana. Viscose
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Kazakhstan's national railways company Kazakhstan Temir Zholy has announced a partnership with China's Lianyungang Port and its own Aktau Sea Trade Port to set up a container...
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ADB has raised 2024 growth forecast for developing Asia and the Pacific to 5.0 per cent, citing strong domestic demand and robust exports. Inflation is expected to ease...
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Deloitte expects real US GDP to rise by 2.7 per cent this year and by 1.5 per cent in 2025 under the baseline scenario. Between 2026 and 2028, this is projected to be around...
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Non-BT cotton sowing in India has decreased to 6.121 lakh hectares, representing 5.42 per cent of the total cotton sowing area of 112.757 lakh hectares for the 2024-25 season....
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ICE cotton prices surged due to economic stimulus measures in major consumer countries and weather concerns from tropical storms. US cotton hit a three-month high, supported...
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Germany's ifo Business Climate Index fell to 85.4 in September, marking its fourth consecutive decline from August's 86.6. Sentiment among companies continues to worsen,...
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Deloitte has projected India's annual GDP growth to be 7-7.2 per cent in FY25 and 6.7-7.3 per cent in the next fiscal as markets adapt to geopolitical uncertainties in their...
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