NEW DELHI: In a unique initiative, tyre manufacturers are pumping money to grow raw material — natural rubber — in the northeast. This is a template that could be repeated in other sectors, including price-sensitive vegetables such as tomatoes, onions and potatoes. The move comes as the government, which had licensed the import of tyres, has agreed to offer some relaxation.
SEOUL, Nov 23 (Reuters) - South Korean exports grew 11.1% in the first 20 days of November from the same period a year earlier, government data showed on Monday, reversing a 5.9% decline in the previous month, helped by strong chip sales and overseas demand.
SYDNEY, Nov 23 (Reuters) - The U.S. dollar eased on Monday as the prospect of an early rollout of coronavirus vaccines offset concerns about economic restrictions to control the spread of the virus, favouring risk assets for the moment.
SINGAPORE (Reuters) - Singapore’s economy contracted much less than initially estimated in the third quarter due to gradual easing of COVID-19 lockdown measures and authorities expect the city-state to bounce back to growth next year from its worst recession.
SINGAPORE (Reuters) - Oil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdowns in several countries.
SHANGHAI (Reuters) - Asian shares climbed on Monday, with a broad regional index touching a record high on hopes for imminent coronavirus vaccines, but worries over the impact of economic lockdowns and uncertainty over U.S. stimulus capped gains.
