After China, Trump is now aiming for WTO

Geneva (Bloomberg): The US is mulling a plan to withdraw from a global pact worth $1.7 trillion in government contracts. Officials in President Donald Trump’s administration are circulating a draft executive order that would trigger a US exit from the World Trade Organization’s Government Procurement Agreement, or GPA, if the pact isn’t reformed in line […]

India gold imports halve after record prices curb demand

India’s gold imports tumbled by half in January as record domestic prices and a slowdown in economic growth curbed demand in the world’s second-biggest buyer. Imports fell to 21.7 tonnes last month from 45.9 tonnes a year earlier, according to a person familiar with the data, who asked not to be identified as the information […]

Disappointing growth for Google parent Alphabet shares

San Francisco: Google parent Alphabet on Monday saw disappointing revenue growth in the fourth quarter, sending shares lower even as profits topped most forecasts. Detailing its cloud computing and YouTube revenues for the first time — both of which showed sharp gains — it said profits rose 19 per cent from a year ago in […]

Singapore Airshow to go ahead with reduced attendance, cancellations over virus

SINGAPORE: The Singapore Airshow, Asia’s biggest aerospace gathering, will go ahead as planned next week despite China’s virus epidemic prompting some firms to pull out, but a key meeting of aviation officials has been cancelled, organisers said on Tuesday. The trade portion of the air show, held every two years, is set to begin on […]