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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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General Motors says to invest additional $1 billion in US

General Motors says to invest additional $1 billion in US

Tue, Jan 17, 2017

General Motors Co said on Tuesday it would invest an additional $1 billion (nearly Rs 6,652.8 crore) in its US factories, moving some production from Mexico.

Wal-Mart to create 10,000 US jobs in 2017

Wal-Mart to create 10,000 US jobs in 2017

Tue, Jan 17, 2017

Wal-Mart Stores Inc said it would create about 10,000 jobs in the United States (US) this year, adding to its near 1.5 million workforce in the country, by opening or remodeling stores and investing in its e-commerce business.

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Tue, Jan 17, 2017

While Xi did not mention Donald Trump in his speech of nearly an hour but many of the messages he sent seemed directed at the US president-elect.

Investor worries over Donald Trump, US policy on the rise: BAML

Investor worries over Donald Trump, US policy on the rise: BAML

Tue, Jan 17, 2017

Worries over Donald Trump`s economic policies and the potential for US policy errors rose sharply this month, according to a survey of fund managers released on Tuesday, prompting them to hold more cash even though they expect growth and inflation to rise further.

Brexit worries push gold prices to highest in over 7 weeks

Brexit worries push gold prices to highest in over 7 weeks

Tue, Jan 17, 2017

Gold prices hit their highest in more than seven weeks on Tuesday, boosted by safe-haven buying ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit".

India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry

India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry

Mon, Jan 16, 2017

India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

Toyota adds 543,000 vehicles to Takata air bag recalls in United States

Toyota adds 543,000 vehicles to Takata air bag recalls in United States

Fri, Jan 13, 2017

Toyota Motor Corp says it is recalling another 543,000 vehicles in the United States (US) for defective front passenger air bag inflators made by Japan's Takata Corp.

China posts worst export fall since 2009 as fears of US trade war loom

China posts worst export fall since 2009 as fears of US trade war loom

Fri, Jan 13, 2017

China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.

Volkswagen to keep Mexico factories, executive says

Volkswagen to keep Mexico factories, executive says

Mon, Jan 09, 2017

The head of the Volkswagen (VW) brand of cars said his company would continue to manufacture in Mexico and pledged to produce electrified vehicles in the United States (US).

India to suffer damage due to US-China trade war: Assocham

India to suffer damage due to US-China trade war: Assocham

Sun, Jan 08, 2017

India may suffer collateral damage to its economy if it finds itself in the crossfire in the escalating trade war triggered by US President-elect Donald Trump with Mexico and China, industry chamber Assocham said on Sunday.

Trump has economic grace period, despite uncertainties

Trump has economic grace period, despite uncertainties

Sun, Jan 08, 2017

Donald Trump has not yet taken office, but he is already boasting that his election has restored confidence in the American economy, and saved jobs.

Citi India reduces home loan rates by 0.7% to 8.80%; effective January 9

Citi India reduces home loan rates by 0.7% to 8.80%; effective January 9

Fri, Jan 06, 2017

In a bid to provide competitive housing loan interest rates to home buyers, Citi India announced revision of its home loan rate by 0.7% on Friday.

South Korea regulator fines Qualcomm $854 million for violating competition laws

South Korea regulator fines Qualcomm $854 million for violating competition laws

Wed, Dec 28, 2016

South Korea`s antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the US firm said it will challenge in court.

YouTube signs up 'The Rock' for new pay channel

YouTube signs up 'The Rock' for new pay channel

Tue, Oct 18, 2016

YouTube has signed up the world's highest paid actor Dwayne "The Rock" Johnson and Doug Liman, the director of "The Bourne Identity", to make shows for its subscription service, it said late on Monday.

Jim Yong Kim gets second term as World Bank's President

Jim Yong Kim gets second term as World Bank's President

Wed, Sep 28, 2016

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced on Tuesday.

Intel Corporation raises Q3 revenue forecast as PC market improves

Intel Corporation raises Q3 revenue forecast as PC market improves

Sat, Sep 17, 2016

Intel Corporation raised its quarterly revenue forecast for the first time in more than two years as suppliers of parts used in personal computers replenish their inventory amid improving PC demand.

India loses WTO appeal in solar power dispute against US

India loses WTO appeal in solar power dispute against US

Sat, Sep 17, 2016

India lost its appeal at the World Trade Organisation (WTO) in a dispute over solar power on Friday, failing to overturn a US complaint that New Delhi had discriminated against importers in the Indian solar power sector.

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Tue, Sep 06, 2016

Raghuram Rajan, whose tenure as the RBI Governor ended this week, hopes the process of cleaning up Indian banks will be finished and the government will continue to prioritise "low inflation".

China signals growth, not political disputes, should dominate G20

China signals growth, not political disputes, should dominate G20

Mon, Aug 15, 2016

China expects next month's summit of the G20 which it is hosting will focus on boosting economic growth and other financial issues rather than disputes like the South China Sea, senior officials said on Monday.

Oil prices edge up on potential producer action to prop up market

Oil prices edge up on potential producer action to prop up market

Mon, Aug 15, 2016

Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.

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