Usa Financial News

anti-dumping duty from $619 to $873 per metric tonne (MT) on aluminium foil imports from China. A gazette notification dated March 17 said the duty will be applicable on aluminium foil up to 80 micron, excluding aluminium foil below 5.5 micron for non-capacitor application. These developments come in the backdrop of United States (US) levying reciprocal tariffs. In addition to these, the US implemented a 25% tariff on all steel and aluminium imports last week. Domestic steel and aluminium producers fear that more Chinese products will make their way to India, putting pressure on margins. India’s provisional anti-dumping duty imposed under this notification shall be effective for six months and shall be payable in Indian currency, the notification said. This duty follows preliminary findings of Directorate General of Trade Remedies (DGTR) which concluded that the domestic industry has suffered material injury on account of the goods being exported to India from China. The order lists multiple China headquartered companies that were exporting to India at a price below the normal value, resulting in dumping. Those mentioned include Henan Mingtai technology development Co. Ltd., Henan Mingsheng New Material Technology Co. Ltd., Sunho New Materials Technology Co. Ltd., Shanghai Sunho Aluminium Foil Co. Ltd., Jiangsu Dingsheng New Materials Joint-Stock Co. Ltd., Inner Mongolia Lian Shen New Energy Co. Ltd., and Hangzhou Five Star Aluminium Co. Ltd.

global markets, hit by a wave of economic and geopolitical challenges, including a reset of tariffs by US President Donald Trump. In a world where every other prediction seems gloomy, Warren Buffett, whose net worth surged by $21 billion this year — saw the biggest gain among all the 500 billionaires tracked by the Bloomberg index. Buffett's resilience is even more striking when we consider the fact that only 4 of the top 15 billionaires managed to grow their wealth this year. This was possible due to a strong surge of Berkshire Hathaway's stock price, currently trading near record highs.

Despite extensive simplification of the listing requirements throughout 2024 and a rebound in activity during Q4, 2025 is yet to see the IPO floodgates reopen. Measures such as a less burdensome prospectus regime and a fast track for companies looking to establish a dual listing in London are welcome steps in the right direction, but they are not going to be a panacea. The US, which saw proceeds from new issues spike 48% to $33bn last year, is increasingly seen as the destination of choice for high-quality listed companies, despite being no light touch on regulation either. Friday ...

Narendra Modi's chat with MIT scientist and American podcaster Lex Fridman made headlines for many reasons. The prime minister made comments supporting US president Donald Trump, lauded Elon Musk and his mission with the Department of Government Efficiency (DOGE), and much more. He also spoke about artificial intelligence (AI) and what it can enable. Interestingly, the technology, now indispensable in any sector, was working its magic in that interview itself. The podcast was dubbed by voice-based generative AI startup ElevenLabs. Using AI voice cloning technology, the company provided authentic voices of PM Modi and Fridman in Hindi and English, even achieving their intonations, emotions, and style of speech.

Subscribe to enjoy similar stories. MUMBAI : Over the past few years, a new fund category—multi-asset funds that invest in equity, debt, gold, and international stocks—has taken root in India. With renewed interest in foreign stocks and changes in taxation introduced in the 2024 budget, multi-asset funds can be an attractive proposition.

Subscribe to enjoy similar stories. The consumer spending boom is fading, and that could spell trouble for the global economy. The latest retail sales report missed the mark on Monday.

The ministry on Tuesday published on its social media several images of Chinese drones and ships and said 43 out of 59 of them entered Taiwan's air defence identification zone but that no confrontations were reported. Taiwan monitored the situation and deployed aircraft, navy ships and coastal anti-ship missile defences in response, the ministry said. China launches such missions on a daily basis in hopes of wearing down Taiwanese defences and morale, although the vast majority of the island's 23 million people reject Beijing's claim of sovereignty over Taiwan and its threat to use force to assert its control. It's unclear what prompted the large Chinese deployment. Daily figures often vary widely based on statements by the Taiwanese authorities or their US partners.

Trump moves to axe Voice of America and other US-funded media, China and Russia are eager to fill the void. The targeting of VOA, Radio Free Europe and Radio Free Asia not only freezes some of the most dogged reporting on countries with heavily restricted media, but it comes after years of concerted efforts by Beijing and Moscow to promote their own worldview on the global media landscape. Trump issued an executive order Friday to pare down the nearly $1 billion US Agency for Global Media, with hundreds of journalists swiftly put on leave or fired, in his latest sweeping cut to the federal government. Lisa Curtis, who was a senior official on the National Security Council in Trump's first term and serves as board chair of Radio Free Europe/Radio Liberty, formed in the Cold War to reach behind the Iron Curtain, said that closing the service «will actually help our adversaries.» «Countries like China, Russia and Iran are investing hundreds of millions of dollars pumping out anti-American propaganda and disinformation,» she said.

Santosh Rao, Head of Research/Partner, Manhattan Venture Partners, says foreign funds flows will ultimately come into India because India is the fastest growing economy in the world but right now, there is much better risk-reward outside India. So, right now, money is getting scattered around other places. But ultimately, it will come back to India. Rao also says that the Fed will probably have one cut this year and more next year when the US economy is expected to slow down. They won’t cut rates now because the prices are still high and there is a greater threat of inflation. US retail sales rose less than forecast in February, and the previous month was revised down to mark the biggest drop since July 2021. Anxiety is building among US consumers about the likely impact from US tariffs on the economy and their pocketbooks. China on the other hand, has announced a «Special Action Plan to Boost Consumption» in a bid to prop up domestic consumption in the world's second largest economy. How do you see these things impacting US consumers? Santosh Rao: Overall, right now, the US consumer is getting cautious. The underlying data right now is kind of soft, but people are really worried about the future, what is coming down the pike? The inflation expectations are high and that kind of feeds into the narrative and that one thing leads to another, so the prices keep going up. So, the big inflation, the resurgence of inflation is a big issue. So, you want to clamp that down. So, let us see.

S Jaishankar on Tuesday stressed the importance of having an international order just like a domestic order. He slammed the United Nations for making the Kashmir invasion a dispute and turning the attacker and victim at par and called for having a «strong and fair» UN. In his remarks at the Session on 'Thrones and Thorns: Defending the Integrity of Nations' at Raisina Dialogue on Tuesday, Jaishankar called the occupation of some parts of Kashmir by Pakistan «the longest standing illegal occupation» of territory by another country after the Second World War. Jaishankar said, «Let's give you a second example. We all speak of sovereignty and territorial integrity.

Subscribe to enjoy similar stories. For Global companies, there is no place quite like America. As growth in China and Europe has slowed, its economy has continued expanding at a decent clip.

«The Trump administration and the White House were consulted by the Israelis on their attacks in Gaza tonight,» White House press secretary Karoline Leavitt said in a Fox News interview. Palestinian medics in Gaza reported dozens of people were killed in the aftermath of a series of the most violent air attacks by Israel on the Palestinian enclave since a ceasefire was reached on January 19 between Israel and Hamas militants. A senior Hamas official said Israel had unilaterally overturned the ceasefire agreement. «As President Trump has made it clear — Hamas, the Houthis, Iran, all those who seek to terrorize not just Israel, but also the United States of America, will see a price to pay. All hell will break loose,» the White House spokesperson said.

artificial intelligence model DeepSeek is banned on their government devices, according to a message seen by Reuters and two people familiar with the matter. «To help keep Department of Commerce information systems safe, access to the new Chinese based AI DeepSeek is broadly prohibited on all GFE,» said one mass email to staffers about their government-furnished equipment. «Do not download, view, access any applications, desktop apps or websites related to DeepSeek.»

economic outlook amid tariffs and trade woes.

Retail sales rebounded marginally in February, but fell short of expectations, reflecting the increasing uncertainty over tariffs and large-scale firing of federal government employees. A separate report showed March factory activity in New York State plummeted the most in nearly two years.

The recent stock market slump in the US has raised concerns about President Donald Trump's economic policies such as tariffs, immigration crackdowns and federal budget cuts. Will these policies eventually benefit the market and investors?

Adani Green Energy (AGEL) refinanced a $1.06 billion construction facility which was due March 2025, bond analysts are recommending that investors suggest targeted bond buybacks to the Adani Group to reduce risk and manage the large volume of debt coming due. The new facility is reportedly borrowed at a weighted life of 19 years, and now carries a funding cost of 9.2%. The loan it refinanced was taken in 2021 to develop wind-solar hybrid projects.

A federal judge in New York has granted the attorneys of a Russian woman permission to issue subpoenas to access the financial records of Antigua and Barbuda’s prime minister and other officials involved in the sale of a megayacht that her father had a...

Gene Hackman and his wife, Betsy Arakawa, passed away in unfortunate circumstances, leaving new questions. Gene Hackman's wife, Betsy Arakawa, died in an unexpected turn of events after a doctor said she phoned his clinic a day after she was said to have died, questioning the timeline and cause of death, as per a report. With doubts raised about her diagnosis of hantavirus and Hackman's secluded last days, the case has raised speculation regarding what really happened. A week before the death of her Oscar-winning husband, Betsy Arakawa was discovered dead on February 11 from a rare rodent illness known as hantavirus pulmonary syndrome.

Cross-border travel is dropping sharply, as per surveys, which is impacting tourism revenue and triggering ad campaign adjustments.

“Ashok Talpatra was my hostel mate at IITB. His parents earned less than 10K/month, and they lived in a slum for 500 INR/month. He cracked AIR 63 out of 4.7L students and is now a Staff Software Engineer at Google in Zurich. IITs are India’s biggest social mobility enablers,” Bhatnagar posted on X (formerly Twitter).