[ad_1] Mumbai: The higher US tariffs against select Indian imports to the world’s largest economy that is set to kick off today, and no end in sight to the India-US impasse, spooked Dalal Street as investors pressed the sell button on Tuesday. In addition, Wednesday being a trading holiday also weighed on investor sentiment since…
[ad_1] American consumers became less confident of the US economy in August, as worries over the jobs market continuing to mount for the eighth month in a row.Figures released on Tuesday by the Conference Board showed that its consumer confidence index slipped to 97.4 in August from 98.7 in July, a 1.3-point decline. The reading,…
[ad_1] US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently…
[ad_1] Potential tariff on pharma imports into the US, while still under Section 232 investigation, is unlikely to impact the credit profiles of Indian pharma companies, India Ratings and Research (Ind-Ra) said.While the US contributes around 35% to the total revenue for leading domestic pharma companies, this proportion has been steadily declining over the past…
[ad_1] Korean Air on Monday announced a record-breaking $50 billion order for 103 Boeing aircraft and GE Aerospace engines and servicing, coinciding with South Korean President Lee Jae Myung’s visit to Washington. The purchase marks the largest in the carrier’s history, as per Reuters.The order includes a mix of 787s, 777s and 737s worth about…
[ad_1] Gold became more expensive in the national capital on Tuesday, as the prices surged by Rs 600 to Rs 1,00,770 per 10 grams, supported by a weaker rupee and firm global trends, according to the All India Sarafa Association. The metal of 99.9% purity had settled at Rs 1,00,170 per 10 grams on Monday.Gold…
[ad_1] The US government is evaluating potential ownership stakes in defence industry firms. (AI image) The Donald Trump administration seems to be eyeing America’s top defence giants for a stake after it struck a deal with Intel last week. The US government is evaluating potential ownership stakes in defence industry firms, including Lockheed Martin Corp,…
[ad_1] The global flow of parcels to the United States has been thrown into chaos after 25 countries decided to halt shipments, as fears over US President’s looming tariffs grow.The Universal Postal Union (UPU), a United Nations agency, confirmed on Tuesday that several nations had suspended deliveries due to uncertainty created by President Donald Trump’s…
[ad_1] Global stock markets were shaken on Tuesday following a series of announcements by US President Donald Trump including threats to impose new export controls and tariffs along with the highly unusual firing of a central bank official. In Asia, Hong Kong’s Hang Seng was down 1.18% or 304 points, slipping to 25,524. Nikkei too,…
[ad_1] Top IT service firms in the country are diversifying beyond the core US market, opening new centres and making acquisitions in Australia, the Middle East, the Nordics and India.With technology spending on the rise in these geographies, software service providers are setting up nearshore centres to meet local demand and cushion themselves from US…