Nielsen says rural India’s consumption slows to a seven-year low

Mumbai: Sales of fast moving consumer goods in rural India had their slowest growth in seven years as sagging incomes and a broader credit crunch weighed on spending in the country’s hinterland, where the majority of its population lives. Sales growth of corner-store items from tea to toothpastes dipped to 5 per cent across India’s […]

Volvo truck orders hit the brakes, 2020 markets set to slump

Stockholm: Volvo Group is preparing for more output cuts after forecasting a slump in truck deliveries next year in North America and Europe on weaker demand. The shares declined as much as 5 per cent, the most in a year. Orders for heavy trucks slumped 45 per cent from a year earlier, more than analysts […]

IMF warns of Asia’s darkening growth outlook as trade war bites

WASHINGTON: Asian nations face heightening risks to their economic outlooks as the US-China trade war and slumping Chinese demand hurt the world’s fastest-growing region, the International Monetary Fund said on Friday. In its World Economic Outlook report, the IMF cut its economic growth forecast for the Asia-Pacific region to 5.0 per cent for this year […]

Japan estimates US trade deal will boost GDP by 0.8 per cent over 10-20 years

TOKYO: The trade deal reached between Japan and the United States is expected to boost Japan’s economy by about 0.8 per cent over 10-20 years when the benefits fully kick in, the Japanese government said on Friday. The deal is estimated to contribute about 4 trillion yen ($36.81 billion) to Japan’s gross domestic product based […]