Global Roundup

The US Federal Reserve, in its policy statement on Wednesday, kept interest rates unchanged. It said economic growth has been rising strongly and the job market has continued to strengthen, while...
Aug 02, 2018
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The trade war between US and China will will not affect India directly, however the country may see spike in commodity prices, said Kevin Sneader, global CEO of McKinsey in an interview with ET...
Jul 05, 2018
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China is heading for corporate bond defaults, with weakening its currency and a slowing economy.   In data compiled by Bloomberg, the tally for the first half of 2018 is already nearing a 2016...
Jul 04, 2018
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The energy ministers of OPEC and non-OPEC countries will hold talks on Friday and Saturday to discuss reversing a deal that has been in place for 18 months and that helped lift oil prices to multi-...
Jun 21, 2018
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US President Donald Trump, on Monday, threatened to impose a 10 per cent tariff on other Chinese goods worth $200 billion.   White House, last Friday, approved tariffs on Chinese goods worth...
Jun 19, 2018
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US government has approved a plan to impose higher tariffs on Chinese goods.    The move is set to trigger trade war between countries, with China likley to act in retaliation.   Trump has...
Jun 15, 2018
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With US President Donald Trump threatening a hike in import tariff and America's trading partners warning for a tit-for-tat action, it seems the world is on the verge of a trade war. If it happens...
Jun 05, 2018
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US President Donald Trump said he likes free trade but it should be a fair trade. He warned other countries of reciprocal tariff if they keep on imposing high tariffs to US products.    “You...
Jun 04, 2018
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The World Trade Organisation's (WTO) dispute settlement body will create a committee to look into America's allegations against certain alleged export subsidy measures in India.   The US, last...
May 31, 2018
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In a move aimed at resolving the escalating trade war between the Us and China, China has proposed a package of purchases of American goods and other initiatives which could reduce the US trade...
May 18, 2018
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India is being seen as a land of opportunities by some of Asia’s biggest infrastructure investors. On the contrary, funds are taking a rather dim view of China’s mammoth Belt-and-Road initiative as...
May 16, 2018
227
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Uncertainties around Brexit notwithstanding, trade and investment ties between India and the UK have been seeing a spurt of growth with a jump by 15 per cent, even as there was a significant creation...
May 16, 2018
266
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The Federal Reserve has kept interest rates unchanged, while acknowledging that inflation has started to creep higher.   The US central bank's Federal Open Market Committee (FOMC) held the rate...
May 03, 2018
240
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The US government might not allow spouses of H1-B visa holders to work legally in the US, says a PTI report.   The move could have an impact on more than 70,000 H-4 visas holders, who have work...
Apr 25, 2018
237
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China seems to be staring at a huge and unprecedented economic and financial crisis.    According to an article published in the Jing Rong Jie (Financial World) website, and reported by the...
Apr 18, 2018
389
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The International Monetary Fund (IMF) is optimistic on the outlook for global growth but has sounded a warning about a possible setback due to fading fiscal stimulus and rising interest rates...
Apr 13, 2018
316
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With US pursuing protectionist policies, India and European Union have resumed talks to bring to life the stalled Free Trade Agreement (FTA).    India is looking for greater market access in...
Apr 12, 2018
284
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Among emerging countries in the G20 group, China and India have been hit hardest by the protectionist interventions in the past year, said the Global Trade Alerts (GTA).   China, the US and...
Apr 10, 2018
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In March, US trade representative Robert Lighthizer’s office had challenged India at the WTO over its export promotion schemes alleging that these exemptions are against the WTO rules as they...
Apr 02, 2018
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The process of filing petitions for H-1B began from Monday amidst high scrutiny by the US administration. This visa is considered as the most sought-after work visa among highly skilled Indian...
Apr 02, 2018
264
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If the tariff war escalates into a fullscale global trade war, it would have a collateral damage for the Indian economy as well, with the country's exports taking a hit, current account deficit...
Mar 26, 2018
289
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Even as US President Donald Trump announced US$ 50 billion of tariffs on Chinese steel and aluminum products in a move to punish China for its “unfair” trade practices; in a retaliatory counter...
Mar 23, 2018
362
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The US Federal Reserve, on Wednesday, raised interest rates and forecast to make two more hikes in 2018.   The bank, led by Jerome Powell in his first meeting as chairman, approved the new...
Mar 22, 2018
281
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Representatives of Indian industry have voiced their opposition to negotiations on e-commerce rules at the World Trade Organisation in a meeting with WTO Director-General Roberto Azevedo. Many are...
Mar 20, 2018
306
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The US has filed a complaint at the WTO about India’s export subsidy programmes. The programmes challenged include almost the entire of India’s trade policy: the Merchandise Exports from India...
Mar 15, 2018
478
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The Bloomberg Billionaires Index shows that the world’s richest are slowly shifting towards the US and Asia from Europe, which was once a hotbed for billionaires.   The index –  a daily ranking...
Mar 12, 2018
279
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The fears of a global trade war have intensified following the resignation of Gary Cohn, the chief economic adviser to Donald Trump, as he failed to dissuade the US president from raising import...
Mar 07, 2018
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Former US Treasury Secretary Larry Summers has said that the next U.S. recession could drag on longer than the last one that stretched 18 months.    With the economy in its ninth year of...
Mar 06, 2018
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President Donald Trump said that the US was "getting nothing" with New Delhi's recent announcement that it had slashed customs duty on imported motorcycles from high-end brands to 50 per cent. He...
Feb 27, 2018
335
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The oil prices have been rising to normal after years of gloom, with global markets recovering coupled with a deal among producers to throttle output.   However, growing shale production in the...
Feb 13, 2018
346
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After US stocks plummeted on 5 February, the White House sought to play down concerns, saying President Donald Trump was focused on "exceptionally strong" underlying fundamentals in the economy...
Feb 06, 2018
326
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China has said that it is ready to talk to India to resolve their differences on the $50 billion China-Pakistan Economic Corridor (CPEC) that passes through PoK.    Referring to Indian...
Jan 29, 2018
371
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TCS and Infosys have joined a global drive for tech reskilling of one million workers. The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett...
Jan 25, 2018
422
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Despite gaining over six per cent, India is not among the top five best-performing global markets in 2018. BRICS peers Brazil and China are among top performing markets, with a gain of 10.3 per...
Jan 24, 2018
316
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PwC’s survey of CEOs shows that India has emerged as the fifth most attractive market for investments and the optimism over global economic growth is at a record level.   Around 46 per cent of...
Jan 22, 2018
361
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The consolidation of Brent crude oil prices around $70 a barrel has led to a debate over the price reaching $80 a barrel. analysts have turned bullish on crude oil prices, with many revising their...
Jan 19, 2018
287
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US President Donald Trump said on Thursday that the United States could "conceivably" return to the Paris climate accord, although he stopped short of signalling any move in that direction.   "...
Jan 11, 2018
280
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India has rejected a “vague” request from the US, seeking the World Trade Organization’s (WTO) permission to impose trade retaliatory measures against India.   India told the WTO that there is...
Jan 10, 2018
363
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The transition period for full Brexit can't be extended beyond 31 December 2020, says the European Commission’s negotiating directives.   Britain Prime Minister Theresa May had asked for around...
Dec 21, 2017
392
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US government has found a way to fix the problem of cash hoarding by big companies.    They are planning to cut tax, which will then motivate big companies to use piled-up cash for investment,...
Dec 20, 2017
395
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The US central bank, on Wednesday, raised the interest rates by 0.25 per cent for the third time in 2017.   "The stance of monetary policy remains accommodative, thereby supporting strong...
Dec 14, 2017
307
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Warning of geopolitical risks, US protectionism and spill over from global monetary tightening and China’s deleveraging measures, Moody’s Investors Service kept its forecast for G20 economic growth...
Dec 14, 2017
332
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If President Donald Trump re-appoints Janet Yellen again as the Federal Reserve Chair she would not turn her back on the raft of US financial reforms that Republicans want to rollback, she said...
Dec 14, 2017
363
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British Prime Minister Theresa May will make public papers on Brexit negotiations in the coming weeks, on issues such as Northern Ireland and the customs union.    The move is also an apparent...
Dec 14, 2017
231
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During election campaign last year, Donald Trump had promised its business­men of all the benefits by re-working on trade tariffs with countries across the globe.    However, seven months have...
Dec 14, 2017
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