Usa Financial News

Chinese warships have made a first visit to a Cambodian naval base that Washington has long feared will boost Beijing's influence in the Gulf of Thailand. A Cambodian defence ministry official said on Thursday that Chinese-funded work to expand the Ream base, near the port city of Sihanoukville, would be «finished soon». Cambodian Defence Minister Tea Seiha said on his Facebook page that he had visited the two ships docked at the base on Sunday «to prepare a training of our Cambodian naval fleet». Cambodian officials refused to give any details of the vessels, the purpose of their visit or how long they were staying, but a sign on one of the gangways identified it as belonging to the Chinese navy. Chinese Foreign Ministry spokesperson Wang Wenbin said: «China and Cambodia have an extremely deep friendship, and the two sides have developed richly successful cooperation in many fields.» The Vice-Chairman of China's Central Military Commission, General He Weidong, visited Phnom Penh earlier this week and met Prime Minister Hun Manet. Cambodia has long had close relations with Beijing and US officials fret that the base will boost China's effort to buttress its international heft with a string of naval and military outposts. Satellite imagery published in July showed that a 363-metre (1,190-foot) pier had been built jutting out into the sea.

Reserve Bank of India’s rate-setting panel on December 6 commenced the fifth meeting this financial year. India’s relatively favourable macroeconomic indicators give the central bank even more confidence to chart its own path, even as it remains wary of worrying external factors. Retail inflation eased from a four-month-high in October at 4.87 per cent while India’s gross domestic product (GDP) growth rate trumped analyst expectations in Q2FY24 at 7.8 per cent. The Monetary Policy Committee’s priority is clear, as said by the RBI Governor Shaktikanta Das, inflation over growth and draining out excess liquidity from the system. To this extent, the RBI is expected to keep benchmark lending rates unchanged, for the fifth straight time. The MPC’s decisions have been in stark contrast to some advanced economies, who continue their fight to tame sticky price pressures. Moreover, MPC members have perhaps afforded doing so as it has enjoyed optimism on certain high-frequency indicators in the fastest growing major economy, while key global economies are sailing in rough seas.

Israel and the occupied West Bank this week to expedite humanitarian aid to Gaza, aiming to discuss direct aid delivery by sea during talks with Israeli and Palestinian leaders, CNN reported on Thursday. Shapps emphasised the search for the quickest and most direct routes, including options by land, sea, and air. Additionally, four Royal Air Force flights carrying over 74 metric tons of aid for Palestinians have landed in Egypt.

Chevrolet Volt after receiving several complaints about the performance of the plug-in hybrid vehicles.The move follows the U.S. National Highway Traffic Safety Administration’s (NHTSA) opening of a preliminary investigation into 73,000 Chevy Volts over reports of abrupt loss of power, failures to restart and other issues.The NHTSA is evaluating 2016 to 2019 Volts manufactured by General Motors.So far, the American regulator has received 61 complaints related to the car’s battery energy control module (BECM).

US Republican presidential candidate Vivek Ramaswamy has slammed the Securities and Exchange Commission (SEC) criticizing the current crypto regulatory framework.

Axis Mutual Fund has announced withdrawal of the NFO of Axis US Treasury Dynamic Bond ETF Fund of Fund. The new fund offer or NFO of the scheme was scheduled to open for subscription on December 5 and close on December 11. Axis US Treasury Dynamic Bond ETF FoF, an open-ended fund of fund investing in ETFs wherein the underlying investments comprise of US treasury securities across duration.

Ian Fleming: The Complete Man. By Nicholas Shakespeare. Harvill Secker; 864 pages; £30. To be published in America by Harper in March; $35 It was a chance invitation to a dinner party that changed Ian Fleming’s life and legacy.

At a recent debate held at the University of Alabama, Republican candidates gathered to discuss various topics, including cryptocurrency regulation and Central Bank Digital Currency (CBDC). 

Ambuja Cement and New Delhi Television Ltd, ACC Ltd continued adding to their gains in the morning trades on Thursday on a day when benchmark indices were trading in the red. The combined market cap of the 10 Adani group listed companies had increased by about ₹27316 Crore in the morning trades.

Changpeng Zhao, former CEO of Binance known as CZ, had his guilty plea accepted by a U.S. judge in a case involving anti-money laundering (AML) regulations.

Switzerland-based exchange traded product (ETP) firm 21Shares has confirmed its chief operating officer Lucy Reynolds, has left the firm.

Cathie Wood’s Ark Invest continues its selling spree of shares of the largest US-based crypto exchange, Coinbase, amid the ongoing crypto rally.

Robinhood is expanding its services in the European Union (EU) by launching commission-free crypto trading. 

Medical experts are warning that the U.S. could face a “syndemic” winter as respiratory viruses surge and temperatures plunge.

House Republicans have approved a bill to block strict new tailpipe pollution limits proposed by the Biden administration, calling the plan a back-door mandate for electric vehicles

equity markets in the medium term does not present a very rosy picture. A multiplicity of factors, both domestic and global, are weighing against the equities universe. But, take heart, within this uncertainty there is opportunity.

The EV trend in the US at the end of 2023 is a little tough to tease out

Nikki Haley taking the brunt of the attacks as she gets more interest from donors and voters. What drew the attention was a combustible mix of the famously aggressive former New Jersey governor Chris Christie and the young, slick-tongued tech billionaire Vivek Ramaswamy produced one of the fieriest, insult-laden exchanges of the night. It started after Ramaswamy criticized Haley's foreign policy credentials, Christie exploded, saying Ramaswamy was attacking her intelligence instead of her positions.

Shares of British American Tobacco tumbled Wednesday after the owner of Camel and American Spirit cigarettes took an impairment charge of about $31.5 billion, mainly related to its struggling U.S. cigarette brands with the number of people who smoke in...

The White House is pushing back a plan to ban menthol cigarettes, an unexpected delay that quickly sparked criticism from anti-smoking groups

US dollar in the morning session on Thursday, tracking the strength of the American currency in the overseas market and muted trend in domestic equities. Forex traders said rupee is trading in a narrow range as the support from easing crude oil prices was negated by strong dollar demand from importers. At the interbank foreign exchange, the rupee opened at 83.36 against the dollar, registering a fall of 4 paise over its previous close.