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India-US relations will be on a very firm footing with Trump's victory: Jyotiraditya Scindia

India-US relations will be on a very firm footing with Trump's victory: Jyotiraditya Scindia

Wed, Nov 06, 2024

India and US relationship will be on "a very firm footing" with Donald Trump returning to the White House, as the cooperation between the two nations extends from environment to technology, space and defence, Union Minister Jyotiraditya Scindia said Wednesday.

China's exports grow 7% in July, less than forecasts, while imports pick up pace

China's exports grow 7% in July, less than forecasts, while imports pick up pace

Wed, Aug 07, 2024

Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials and consumer products to China. Exports to the United States rose 2.4% year-on-year while shipments to Southeast Asian countries, now Beijing's biggest trading partner overall, jumped 11%.

Shortages key to copper's upward price trajectory to new peaks

Shortages key to copper's upward price trajectory to new peaks

Tue, Apr 23, 2024

A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to enthusiasm for copper which this week hit a two-year peak at $9,988 a ton for a gain of 25 per cent since early October.

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Oil prices rise ahead of November US sanctions against Iran crude exports

Oil prices rise ahead of November US sanctions against Iran crude exports

Fri, Oct 05, 2018

On Friday, Oil prices rose lifted by looming U.S. sanctions against Iran`s crude exports that are set to start next month.

Gold little changed US non-farm payroll data in focus

Gold little changed US non-farm payroll data in focus

Fri, Oct 05, 2018

On Friday, The gold prices were steady as investors remained cautious after U.S. Treasury yields hit multi-year peaks and on expectations that stronger monthly employment data could boost the Federal Reserve`s case for a tighter monetary policy.

Strong US job growth expected in September; wages seen rising

Strong US job growth expected in September; wages seen rising

Fri, Oct 05, 2018

The U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably falling to an 18-year low of 3.8 percent, signaling a further tightening in labor market conditions.

Easing ECB norms for oil firms may not arrest Re slide: BofAML

Easing ECB norms for oil firms may not arrest Re slide: BofAML

Thu, Oct 04, 2018

On Thursday, Bank of America Merrill Lynch (BofAML) said that liberalizing foreign borrowings for oil companies to raise to USD 10 billion will not have a "material" impact on arresting the slide of the rupee.

Strong U.S. economy buoys dollar, puts Asian currencies on skids: Reuters poll

Strong U.S. economy buoys dollar, puts Asian currencies on skids: Reuters poll

Thu, Oct 04, 2018

Investors continued to bet that Asian currencies would weaken against the dollar, a Reuters poll showed, as hawkish comments by Federal Reserve policy makers and a steady rate hike path buttressed the greenback.

Traders bet on oil at $100 as Iran sanctions loom

Traders bet on oil at $100 as Iran sanctions loom

Thu, Oct 04, 2018

Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand.

Canada, US beat midnight deadline, reach NAFTA deal

Canada, US beat midnight deadline, reach NAFTA deal

Mon, Oct 01, 2018

The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada`s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks said on Sunday.

India will continue to buy Iran's oil: Iranian foreign minister

India will continue to buy Iran's oil: Iranian foreign minister

Fri, Sep 28, 2018

India is committed to buying Iranian oil and continuing the two nations` economic cooperation, the Iranian foreign minister said after a meeting with his Indian counterpart and ahead of U.S. sanctions aimed at halting Tehran`s oil exports.

U.S. fintech startup Stripe valued at $20 billion in latest funding round

U.S. fintech startup Stripe valued at $20 billion in latest funding round

Thu, Sep 27, 2018

On Wednesday, Payments startup Stripe said it has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers.

Wall Street lower as industrial, technology shares fall on trade war woes

Wall Street lower as industrial, technology shares fall on trade war woes

Mon, Sep 24, 2018

Nine of the 11 major S&P sectors, including the rebranded and bigger "communications services" sector, were lower as U.S. tariffs on some $200 billion worth of Chinese goods took effect, along with Beijing`s retaliatory duties.

US trade deficit rises to five-month high on declining exports

US trade deficit rises to five-month high on declining exports

Wed, Sep 05, 2018

Economists polled by Reuters had forecast the overall trade deficit swelling to $50.3 billion in July. The trade gap continues to widen despite the Trump administration`s "America First" policies, which have left the United States embroiled in tit-for-tat tariffs with the European Union, Canada and Mexico as well as an escalating trade war with China.

US Treasury proposes tax rules on pass-through businesses

US Treasury proposes tax rules on pass-through businesses

Wed, Aug 08, 2018

Senior Treasury officials said the regulations are intended to provide everything pass-through owners need to comply with the Republican Tax Cuts and Jobs Act, a sweeping overhaul of the U.S. tax code that President Donald Trump signed into law in December.

Amazon, Toyota, Alcoa and others working to counter Donald Trump's tariff plans

Amazon, Toyota, Alcoa and others working to counter Donald Trump's tariff plans

Sat, Jul 21, 2018

Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration`s trade policies and to head off new tariffs.

Gold slides to seven-month lows as dollar climbs

Gold slides to seven-month lows as dollar climbs

Fri, Jul 13, 2018

Gold prices are down about 9 percent since mid-April. Tensions between the United States and China eased after U.S. Treasury Secretary Steven Mnuchin said on Thursday talks between the world`s two largest economies could be reopened if Beijing was willing to make significant changes.

US order fallout: India's Oil imports from Iran plunge 16% in June

US order fallout: India's Oil imports from Iran plunge 16% in June

Thu, Jul 12, 2018

In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May, the data showed. The sources declined to be identified.

China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods

China says will hit back after U.S. proposes fresh tariffs on $200 billion in goods

Wed, Jul 11, 2018

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.

In China, importers of US goods prepare for impact of new tariffs

In China, importers of US goods prepare for impact of new tariffs

Thu, Jul 05, 2018

President Donald Trump`s administration has threatened successive waves of duties on up to $450 billion in Chinese imports. China has said it will not back down, although it has fewer U.S. imports to target. "If the United States decides to escalate these tensions, everyone is going to get caught up, and it`s going to be pain across the board," said Nick Marro, Hong Kong-based analyst at The Economist Intelligence Unit.

US says no exemption to India on oil imports from Iran

US says no exemption to India on oil imports from Iran

Wed, Jun 27, 2018

President Donald Trump withdrew the US from the Iran nuclear deal in May to pursue a maximum pressure campaign against Tehran's atomic programme. At the time, his administration gave foreign companies either 90 or 180 days to wind down their business with Iranian counterparts, depending on the type of commercial activity.

EU ready to open talks with US to fix trade row - Malmstrom

EU ready to open talks with US to fix trade row - Malmstrom

Thu, Jun 21, 2018

Describing the U.S. tariffs as "illegal" and contravening World Trade Organization (WTO) rules, Malmstrom said there was no option but to take retaliatory action to protect European interests and jobs.

As trade war with China looms, U.S. readies second wave of duties

As trade war with China looms, U.S. readies second wave of duties

Fri, Jun 15, 2018

The second wave of products has been cued up as Washington prepares to announce on Friday a list of about $50 billion of goods to be targeted. They are part of Trump`s decision to go forward with "pretty significant" tariffs, an administration official said on Thursday.

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