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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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China pledges to expand US imports, IP protection for deal to end trade war

China pledges to expand US imports, IP protection for deal to end trade war

Fri, Feb 01, 2019

Last year, Trump imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods. The move prompted China to increase tariffs on USD 110 billion of American goods. During a meeting in Argentina on the sidelines of the G-20 Summit, Trump and Xi agreed to halt any further tariff increases for 90 days beginning January 1.

US airports shutdown: Staff shortage causes flight delays

US airports shutdown: Staff shortage causes flight delays

Fri, Jan 25, 2019

The US has been hit hard as the partial shutdown entered its 36th day. Trump wants to build a US-Mexico border wall and is seeking a whopping USD 5.7 billion in funding for the physical barrier which according to him is a must to prevent flow of illegal immigrants into the US.

Donald Trump takes aim at 150% Indian duty on US whiskey imports

Donald Trump takes aim at 150% Indian duty on US whiskey imports

Fri, Jan 25, 2019

Trump`s remarks about India are meant for his voter base. Kentucky is the major US producer of whiskey and he carried it with over 62 percent of the votes in the 2016 elections. He also won in Wisconsin, Missouri and Pennsylvania, where Harley-Davidsons are made. That brand is popular among his base of white men.

US voices concern as India's e-commerce restrictions hit Amazon, Walmart: Sources

US voices concern as India's e-commerce restrictions hit Amazon, Walmart: Sources

Thu, Jan 24, 2019

India`s e-commerce investment rules, which kick in from Feb. 1, ban companies from selling products via firms in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.

Trade deal could very well happen with China, says Trump

Trade deal could very well happen with China, says Trump

Sat, Jan 19, 2019

China and the US are currently holding talks to have a major bilateral trade agreement that addresses Trump's concerns about the massive imbalance of trade and theft of American intellectual property by the Chinese.

US will continue to be key market for Indian services, products: Report

US will continue to be key market for Indian services, products: Report

Fri, Jan 18, 2019

According to the report, sectors like aerospace and defence, agriculture, education and tourism, energy, healthcare, infrastructure, manufacturing and digitalisation are major areas for India-US collaboration.

H-1B visa: US think-tank seeks greater employment rights for those working under this programme

H-1B visa: US think-tank seeks greater employment rights for those working under this programme

Thu, Jan 17, 2019

The report comes days after US President Donald Trump said he is soon coming out with reforms that will give H-1B visa holders certainty to stay in America and an easy pathway to citizenship.

US H1-B visa rule favouring advanced degree holders to impact IT companies: Report

US H1-B visa rule favouring advanced degree holders to impact IT companies: Report

Wed, Jan 16, 2019

Increased onshore hiring associated with higher wage bill along with factors such as pricing pressure on commoditised services, wage inflation and lower revenue growth will negatively impact the margins going forward, it said.

Many countries, including India, opened up their markets to US agri, poultry exports: President Trump

Many countries, including India, opened up their markets to US agri, poultry exports: President Trump

Tue, Jan 15, 2019

US President Donald Trump has said that his trade and tariff policies have started working and many countries, including India, have opened up their markets for American poultry and agricultural products that were not allowed previously. Addressing the 100th annual convention of the American Farm

President Trump warns Turkey of economic devastation if it attacks Kurds

President Trump warns Turkey of economic devastation if it attacks Kurds

Mon, Jan 14, 2019

His top diplomat Mike Pompeo is on a whirlwind regional tour aimed at reassuring allies amid rising tensions between the US and Turkey over the fate of Washington's Syrian Kurdish allies in the fight against the Islamic State group.

US shutdown: President Trump weighs emergency declaration to bypass Congress to get funding for Mexico wall

US shutdown: President Trump weighs emergency declaration to bypass Congress to get funding for Mexico wall

Fri, Jan 11, 2019

Democrats in Congress call the wall an ineffective, outdated answer to a complex problem. The standoff has left a quarter of the federal government closed down and hundreds of thousands of federal employees staying home on furlough or working without pay set to miss their paychecks.

Chinese trade officials may visit US soon

Chinese trade officials may visit US soon

Fri, Jan 11, 2019

US officials expect China's top trade negotiator may visit Washington this month, signaling that higher-level discussions are likely to follow this week's talks with mid-level officials in Beijing as the world`s two largest economies try to hammer out a deal to end a tit-for-tat tariff war.

China upbeat ahead of US trade talks, but differences large

China upbeat ahead of US trade talks, but differences large

Mon, Jan 07, 2019

China has sounded a positive note ahead of trade talks this week with Washington, but the two sides face potentially lengthy wrangling over technology and the future of their economic relationship.

US Fed chief Jerome Powell says "Won't resign, will be patient" on rates

US Fed chief Jerome Powell says "Won't resign, will be patient" on rates

Fri, Jan 04, 2019

Trump has been a frequent and vocal critic of Powell and the Fed, blaming them for raising rates which he says pose a threat to his economic agenda -- an unprecedented public berating that breaks with recent norms. Asked at an economic conference in Atlanta if he would step down should Trump request his resignation, Powell said, "No."

Aviation: Mid-air flight horror for 6 flyers! Don't do this, play safe mid-air; here is how

Aviation: Mid-air flight horror for 6 flyers! Don't do this, play safe mid-air; here is how

Wed, Jan 02, 2019

6 passengers were deplaned from Frontier Airlines flight in the US after the health authority officials received the information

US House Democrats ready bills to reopen gov't with $1.3 billion for border security

US House Democrats ready bills to reopen gov't with $1.3 billion for border security

Mon, Dec 31, 2018

Democrats, set this week to take control of the House from Trump`s fellow Republicans, also will also offer legislation to provide year-long funding for other agencies and departments that have been closed by a partial government shutdown that began on Dec. 22, the aide said.

Indian-American Rajesh Subramaniam becomes new president of FedEx Express

Indian-American Rajesh Subramaniam becomes new president of FedEx Express

Thu, Dec 27, 2018

Subramaniam, an IIT-Bombay graduate from Thiruvananthapuram, has been with FedEx for more than 27 years. He has held various executive-level positions in the company.

US game software firm Zynga buys Empires & Puzzles gamemaker in largest deal to date

US game software firm Zynga buys Empires & Puzzles gamemaker in largest deal to date

Fri, Dec 21, 2018

Zynga - best-known for popular Facebook game FarmVille - also raised its fourth-quarter revenue forecast on Thursday. Its shares rose 1.67 percent in after-market trading, to $3.65. Zynga sees potential in bringing smartphone role-playing game Empires & Puzzles to countries in Asia where games of the type are popular, with Gibeau citing Japan, South Korea and China as potential markets.

H-1B Visa should attract best talent: Homeland Secretary Nielsen

H-1B Visa should attract best talent: Homeland Secretary Nielsen

Fri, Dec 21, 2018

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

President Donald Trump defends personal charity accused of illegal activities

President Donald Trump defends personal charity accused of illegal activities

Wed, Dec 19, 2018

The New York state attorney general painted a far different view of the Trump Foundation on Tuesday, saying it had been "little more than a checkbook to serve Trump's business and political interests."

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