Indian inflation eases

NEW DELHI: Indian inflation eased by a tenth of a per centage point to 5.66 per cent but remained above the central bank’s target of five per cent, according to official data released on Friday. The wholesale price index, India’s most closely watched cost-of-living monitor, showed inflation at 5.66 per cent for the week ended April 28, down from 5.77 per cent the previous week.— AFP

Trade deficit widens

WASHINGTON: The US trade deficit rose to the highest level in six months as a big jump in oil imports offset a narrowing of the politically sensitive deficit with China. The gap between what the United States imports and what it sells to the rest of the world rose to $63.9 billion in March, up 10.4 per cent from the February level.— AFP