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foreign trade | India's foreign trade dips 2.5 per cent to USD 800.9 billion due to slump in global demand

Shipments rose riding on services growing 17.7 per cent to $166.7 billion, masking the 8.1 per cent decline to $218.7 billion in merchandise exports. Data shows a decline due to weak global demand and losing competitiveness in labour-intensive sectors
Ajay Srivastava Global Trade Research Initiative Foreign Trade Global Trade Research Initiative Gtri United States European Union

Oil prices slip as bearish China data fuels demand concerns

BEIJING (Reuters) -Oil prices eased on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, eclipsing fears over tighter supply arising from output cuts by Saudi Arabia and Russia. Brent crude futures fell 21 cents, or 0.2%, to $85.96 a barrel by 0615 GMT. U.S. West Texas Intermediate (WTI) crude was at $82.71 a barrel, down 21 cents, or 0.2%.
United States Saudi Arabia Yuka Obayashi Sonali Paul Chiyoki Chen Andrew Hayley
Source: yahoo.com

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