India growth drops to 11-year low of 4.2%

India growth drops to 11-year low of 4.2%

India’s economic growth rate fell to an 11-year low of 4.2 per cent in the 2019-20 financial year, government data shows, as the country heads for a recession due to the impact of the coronavirus. India’s financial year runs from April to March. Gross...
India growth drops to 11-year low of 4.2%

US shares dip on US-China tensions

The S&P 500 and Dow have slipped as investors were nervous ahead of a US response to China’s national security law on Hong Kong that threatens to take the shine off another month of strong gains for the stock market. US President Donald Trump, who has warned...
India growth drops to 11-year low of 4.2%

US consumer spending posts record drop

US consumer spending suffered another month of record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter. The Commerce Department said on Friday consumer spending, which accounts...
India growth drops to 11-year low of 4.2%

Deloitte works to cut Virgin bidders to 2

Deloitte will settle on a final shortlist of two preferred bidders for Virgin Australia early next week after parties reaffirmed their interest. Melbourne-based BGH Capital and US-based private equity firms Bain Capital, Indigo Partners and Cyrus Capital Partners had...
India growth drops to 11-year low of 4.2%

Lynas says it obeyed ASX disclosure rules

Lynas Corp says it has complied with ASX disclosure rules in response to an exchange letter asking the miner about its disclosures on the funding of a rare earths processing plant in the United States. Questions from the ASX in a letter on May 27, according to...