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US President Donald Trump on Tuesday claimed that China is “purposefully” not buying the soybeans from their farmers, and this is the reason they are considering terminating the business with Beijing.Calling China’s deliberate work an “economically hostile act,” Trump said that they can make the cooking oil themselves and don’t need China for that. In…
The IMF predicts that the US economy will achieve 2% growth in 2025, surpassing their July projection of 1.9%. (AI image) Donald Trump’s tariff policies have not proved to be as detrimental to US and global economic growth prospects as previously envisioned by the International Monetary Fund. In its latest World Economic Outlook for 2025,…
Wall Street stocks slipped in early trading on Tuesday as trade tensions with China resurfaced, putting pressure on major indices. The S&P 500 fell 1 per cent, the Dow Jones Industrial Average slipped 383 points or 0.8 per cent, and the Nasdaq composite shed 1.5 per cent as of 9:57 a.m. Eastern time, AP reported.The…
Asian shares traded mixed on Tuesday following a rally on Wall Street, sparked by US President Donald Trump’s assurances over ties with China. Japan’s Nikkei slipped 2.2% or 1061 points to 47,027 as trading resumed after a national holiday on Monday. In Hong Kong, the Hang Seng lost 0.1% to 25,839, while Shanghai’s Composite edged…
In a move aimed at strengthening regional trade and payment systems, the Reserve Bank of India (RBI) on Monday allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons residing in Bhutan, Nepal, and Sri Lanka.The RBI said the step was taken to facilitate cross-border trade transactions and is part of its…
China’s overseas soared in September, beating analysts’ expectations, despite the ongoing trade tensions with the United States, according to official data.China’s exports in September hit a six month peak, surging 8.3% year-on-year to $328.5 billion, beating economists’ expectations, according to customs data released Monday. The growth far outpaced August’s 4.4% rise and exceeded Bloomberg’s forecast…
Another round of trade negotiations between India and the US is set to begin as a team of senior officials will be visitng the United States this week.An official told PTI that discussions on the proposted bilateral trade agreement with Washington are proceeding well.“The Indian team will visit this week,” the official added.The first tranche…
Donald Trump and Xi Jinping (Images/Agencies) US PresidentDonald Trump on Sunday said he expects a positive relationship with China, while stressing the role of tariffs in managing international disputes.“I think we’ll get along just fine. I have a great relationship with China. Xi had a bad moment… but because of the tariffs, it’s much tougher…
Donald Trump (File photo) US President Donald Trump on Sunday said the plan to impose 100 per cent tariffs on Chinese imports remains in place for November 1, but hinted that the timeline could change When asked by reporters whether, “100% tariffs on China on November 1st still the plan?” Trump replied, “Yeah. Right now…
Seth and Stephen Curry (Image via AP) The Golden State Warriors are reportedly exploring a bold move to sign former Indiana Pacers star Victor Oladipo – a comeback story that could inject energy and depth into their retooled roster featuring Stephen Curry, Jimmy Butler, and Al Horford. With the franchise in search of the final…
