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Kashmir have urged the government of India to reconsider its decision to remove additional duties on American products, including apples, walnuts and almonds, as this would adversely impact local farmers. The apple farmers have complained that the removal of additional tariff would negatively impact the local industry in J&K, Himachal Pradesh and Uttarakhand. It would result in huge losses for the local apple industry, which is already grappling with the economic stress in the wake of Covid-19 lockdowns and lesser crop production. “The government of India’s decision to remove additional duties on apples, walnuts and almonds will have a devastating effect on local growers in J&K already grappling with huge losses post 2019.

India is the top destination for Chinese companies, but it falls to 11th place in the overall rank as the most attractive destination when other factors are considered. In an Economist Intelligence Unit (EIU) report published this month, which indexes 80 investment destinations based on their appeal to Chinese investors, Singapore emerged the number one most attractive destination for Chinese companies to invest in. The China Going Global Investment Index uses a robust and quantitative approach to rank countries based on their attractiveness for Chinese outward direct investment (ODI). It is aimed at assisting Chinese firms narrow down the list of potential investment destinations, and also focus the minds of recipient governments on the issues that matter for Chinese investors. A total of 200 indicators were used to create the 2023 edition of the index.

JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth. The proposal to require banks to set aside more capital to guard against risk was «hugely disappointing» and involved a «lack of transparency» from regulators about the rationale, Dimon said at a conference in New York. «I wouldn't be a big buyer of a bank,» the chief of the largest bank in the U.S.

Elon Musk is unveiled as a complex character in an eagerly-awaited biography by Walter Isaacson, the man renowned for chronicling the lives of Steve Jobs, Albert Einstein and Leonardo da Vinci. Driven by what some describe as a "demonic" zeal, Musk's multifaceted life—from his early struggles with an overbearing father to his recent unorthodox management decisions—gets a closer look. Isaacson's book on Musk has already become a bestseller in the United States, even before its official release.

Nifty up more than 70 points from Monday's close on Nifty Futures and tracking positive global cues. Asian stock markets slid sideways, while the US stock market indices ended higher overnight. On Monday, Nifty and Sensex ended in the green for the sixth day in a row, each one gaining nearly 3%.

By Tom Westbrook

yen steadied near a one-week high on Tuesday as comments from Japan's top central banker on a possible end to its negative interest rate policy reverberated through markets, while the dollar regained some lost ground. Bank of Japan (BOJ) Governor Kazuo Ueda told a newspaper interview over the weekend the bank could get enough data by year-end to determine whether it can end negative rates, remarks that on Monday saw the yen clock its largest daily gain against the dollar in two months. The Japanese currency was last marginally lower at 146.61 per dollar, after scaling a one-week top of 145.91 in the previous session. «Essentially, Governor Ueda laid out a conditional path and timeframe for the first-rate hike and a move away from its negative interest rate policy, should the data permit,» said Chris Weston, head of research at Pepperstone. «One can assume that the BOJ are also one step closer to moving away from yield curve control (YCC), and logically one could argue that the BOJ would like to be able to lift rates and remove YCC concurrently.» The yen has come under immense pressure against the dollar as a result of growing interest rate differentials with the United States, since the Federal Reserve began its aggressive rate-hike cycle last year while the BOJ remains a dovish outlier. Elsewhere, the U.S.

traders waiting on U.S. inflation data to signal that interest rates may have peaked. The yen notched its best day against the dollar in two months overnight, after Bank of Japan Governor Kazuo Ueda said policymakers might have enough economic information by year's end to determine that short-term rates will need to rise. The yuan had its best day in six months after authorities vowed to correct one-way moves and Reuters reported the central bank had stepped up scrutiny of dollar buying. Both, however, remain near their weakest levels of the year and with the yuan at 7.3022 per dollar in offshore trade and the yen last a little off Monday highs at 146.68 per dollar. Japanese government bonds remained under pressure on Tuesday, with 10-year JGB yields up 1 basis point to a fresh high of 0.71%. «The result of Ueda's comments was an intense move higher in Japanese swaps and government bond yields,» said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "(It) is certainly constructive for yen longs.

Seemingly unfazed by a recent slew of court setbacks, United States Securities and Exchange Commission Chair Gary Gensler remains headstrong that his agency should be the one to reign over crypto — with plans to tell lawmakers the same on Sept. 12. 

Joe Biden’s administration has moved to free five American citizens who were detained in Iran by issuing a waiver for the international banks to transfer $6 billion in frozen Iranian money, from South Korea to Qatar without the fear of American sanctions. Moreover, as part of the Iran-US prisoner exchange deal, the Biden administration has agreed to release five Iranian citizens who were held in the US. According to The Associated Press, the US Secretary of State Antony Blnken signed off on the sanctions waivers late last week after US and Iranian officials said that the agreement was in place in principle.

Afghanistan is headed towards a civil war, the Taliban is now riddled with factionalism, and the country is fast becoming a safe haven for foreign terrorists, a former Afghan commander has said. «I believe that the situation in Afghanistan is very critical and dangerous and it's going in a dangerous direction, which could be a civil war again, or which could be a split to Afghanistan because you see that in last two years Afghanistan has been controlled by the terrorists and it has fallen into terrorist hands,» Lt.

In a regular press briefing on Monday, the US State Department official spokesperson Matthew Miller told reporters, «We absolutely believe it was a success. The G20 is a big organisation.

steel imports touched a record high in 2020, increasing by 23% to 2 million metric tons. China was the second-largest exporter of steel to India, falling behind only South Korea. Steel secretary Nagendra Nath Sinha stated earlier this week that the government was keeping a close eye on steel imports following apprehensions raised by the domestic industry about potential unfair trade practices by Chinese sellers.

Elon Musk's decision to deny Ukraine access to Starlink internet services for a potential attack on Russian forces in Crimea last September has prompted discussions about the need for clearer language in future contracts with the US military, specifying how procured services or products may be employed in wartime scenarios. As per a report by AP, excerpts from a recent biography of Elon Musk, as reported by The Washington Post last week, disclosed that in September 2022, Ukrainian authorities had requested Starlink support for a potential offensive against Russian naval vessels stationed at Sevastopol, located in Crimea.

Pfizer/BioNTech and Moderna that target a recently circulating Omicron variant of the coronavirus, according to a report published by the news agency Reuters. A third shot, made by Novavax, is still under review by the US FDA. However, Novavax did not expect its shot to be authorized in the United States before a meeting of a Centers for Disease Control and Prevention (CDC) advisory panel on Tuesday.

Also Read: Kim Jong Un Travels to Russia, His Bulletproof Train Spotted Ahead of Putin Meeting "The presence of Jo Chun Ryong indicates that North Korea and Russia will conclude some type of agreement for munitions purchases," said Michael Madden, a North Korea leadership expert at the Washington-based Stimson Center. Reuters reported that images released by state media depicted military honour guards and crowds of individuals in formal attire, including both dark suits and colourful dresses.

crypto exchange FTX Group may emerge as soon as next year, potentially injecting a jolt of activity back into a market that's been largely subdued since the platform's collapse. More than 75 bidders have been contacted by the FTX estate since May to gauge industry interest in backing a relaunch of the exchange, according to a presentation filed in a Delaware court. Several parties have submitted bids that are now undergoing due diligence and information sharing, managers of the estate said, with a deadline for any new bids set for September 24. FTX was one of the world's largest digital-asset trading platforms prior to its bankruptcy in November. It was a key part of the crypto empire controlled by its now-jailed chief executive Sam Bankman-Fried, who is set to stand trial on fraud and other charges next month. FTX's failure, along with sister platforms FTX.US and Alameda Research, triggered an industry-wide fallout that left billions of dollars in assets locked up in customer claims. Bankman-Fried has pleaded not guilty to all the counts against him.

By Dave Graham and Diego Oré

Investing.com — U.S. stock futures were little changed during Monday night trade after major benchmark averages posted a positive session, led by gains in Tesla Inc (NASDAQ:TSLA) after an upgrade from Morgan Stanley (NYSE:MS) analysts, with participants looking ahead to key inflation data set for release later in the week.

Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry Norris, the founder and chief investment officer of UK hedge fund Argonaut Capital Partners.

A roundup Monday of coordinated state investment advisor examinations so far in 2023 found that surprisingly, violations have plummeted over two years.