Usa Financial News

WASHINGTON (Reuters) — The office of U.S. Trade Representative Katherine Tai on Wednesday announced a further extension of China «Section 301» tariff exclusions on 352 Chinese import and 77 COVID-19-related categories that were set to expire on Sept. 30.

By Nandita Bose and David Shepardson

Is it compulsory for a non-resident Indian (NRI) to file income tax return (ITR) every year in India despite not having any income in India? —Dolly Moga According to Indian tax laws, any person whose income exceeds the maximum amount not chargeable to tax (i.e. ₹2.5 lakh under the old tax regime; ₹3 lakh under the new tax regime) during the financial year, is required to file an ITR in India. Therefore, you are not obliged to file returns if you do not have any income in India.

The Rolling Stones are returning with their first collection of original songs since 2005. The British rock-music architects held a media event in Hackney, an area in east London, on Wednesday where they unpacked details of their coming album, “Hackney Diamonds." As part of the event, Mick Jagger, Keith Richards and Ronnie Wood fielded questions from American comedian and late-night show host Jimmy Fallon. The launch, which was livestreamed on YouTube, followed a teaser campaign that included a snippet of a new song and a mysterious advertisement placed in the Hackney Gazette, a local newspaper.

alcohol industry has been thriving despite a streak of threats: the legalization of marijuana, a trade war with China that hampers US exports, the rise of the sober-curious movement. Now a new risk is here: weight loss drugs. Eli Lilly’s Mounjaro and Novo Nordisk’s Ozempic and Wegovy have gained popularity as a fast way to lose weight, thanks to celebrities such as Khloe Kardashian and Elon Musk.

dollar ascended to a six-month peak on Wednesday, reversing earlier losses, after U.S. data showed the services sector surprisingly picked up steam last month amid higher new orders and businesses paying elevated prices, suggesting persistent inflation pressure. The greenback recovered against most currencies after the data, with the euro and sterling hitting three-month lows and the yen touching session troughs. Data showed the Institute for Supply Management (ISM)'s non-manufacturing PMI rose to 54.5 last month, the highest reading since February and up from 52.7 in July.

Pakistani authorities closed a key border crossing with landlocked Afghanistan on Wednesday shortly after border guards from the two sides exchanged fire, officials and residents said, in a sign of increasing tensions between the two neighbors. Reasons why the two sides exchanged fire were not immediately made clear, said Nasrullah Khan, an official in Torkham, a town in Pakistan's Khyber Pakhtunkhwa province. He said Pakistani government and military officials were in contact with their Afghan counterparts to defuse tensions. Abdul Mateen Qani, the Afghan Taliban-appointed spokesman for the Interior Ministry, confirmed the clash between Afghan and Pakistani forces. He said officials from both sides were attempting to find out what caused the clash and ways to prevent such incidents in the future. Pakistani authorities said dozens of trucks carrying perishable items, including vegetables and fruits, were waiting on both sides of the border for the reopening of the Torkham crossing, which is a vital commercial artery and trade route to Central Asian countries for Pakistan. The border closure comes two days after caretaker Pakistani Prime Minister Anwaar-ul-Haq Kakar said U.S.

By Scott DiSavino and Nerijus Adomaitis

Delhi Police assistant commissioner of police Rajender Kalkal has sketched caricatures of 30 world leaders who are scheduled to attend the G20 Summit in the national capital later this week. Kalkal has made caricatures of Prime Minister Narendra Modi, UK PM Rishi Sunak, Bangladesh PM Sheikh Hasina, US President Joe Biden, South African President Cyril Ramaphosa, Japanese PM Fumio Kishida, etc. Kalkal has placed the caricatures at his office on the 14th floor of the Delhi Police headquarters. «I have a hobby of making cartoons and caricatures since my childhood.

The Nifty advanced 36 points to end at 19,611.05. Meanwhile, Nifty Bank ended in the red, and broader markets underperformed their headline peers after several days of gains.Here's how analysts are interpreting the market sentiment: «A spike in crude oil prices sent shockwaves across the globe, rekindling concerns about inflation and sparking fears of a Fed rate hike.

India’s external debt declined to 18.9 per cent of GDP at the end of March 2023 from 20 per cent last year, revealed the Finance Ministry's annual status report that was published on Wednesday. However, the external debt of India rose marginally by 0.9 per cent as the external debt stood at $624.7 billion at the end of March 2023 as compared to $619.1 billon last year. The last status report by the ministry published in 2022 showed that India’s external debt grew by 8.2 per cent in March 2022 when compared to March 2021. Finance Ministry in its report has attributed the 'rise in loans from short-term trade creditors (5.6 per cent), and bilateral (6.3 per cent) and multilateral (2.7 per cent) loans' as major factors for the marginal increase in external debt during the period under review. «As of end-March 2023, all the macroeconomic indicators of external debt remained sustainable. Commercial borrowings remained the largest component of external debt,» said the ministry's report on external debt. Commercial borrowings, Non-Resident Indian (NRI) deposits, short-term trade credits and multilateral loans together accounted for 89.6 per cent of the total external debt of India. Commercial borrowings and NRI deposits declined by 1.7 per cent and 0.1 per cent, respectively. Long-term debt which forms the major chunk of India's external debt reduced by 0.2 per cent at the end of March 2023 while short-term debt, constituting 20.6 per cent of the total debt, rose by 5.5 per cent mainly due to 5.6 per cent increase in the short term trade credit. The valuation effect of US dollar and other major currencies also plays an important role on the external debt of the country.

A federal judge has ordered that certain bank accounts and properties connected to former Celsius CEO Alex Mashinsky be frozen following a motion from the United States Justice Department.

Japanese financial holding company SBI Group has announced that its international remittance services arm, SBI Remit, has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries.

In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman explores the drivers that point to Bitcoin heading to $22,000, with investor sentiment worsening after Grayscale Investment’s much-hyped legal victory against the United States Securities and Exchange Commission (SEC) on Aug. 29 and its postponement of multiple spot Bitcoin (BTC) exchange-traded fund applications.

Vladimir Putin. In March 2023, the International Criminal Court had issued an arrest warrant against Vladimir Putin accusing him of the war crime of illegally deporting hundreds of children from Ukraine. Russia has repeatedly denied its forces have engaged in war crimes, or forcibly taken Ukrainian children.

Green bonds represented the majority of all GSSSB, sitting at 59% of all issued this year, with social bonds making up 18%, sustainability bonds 17% and sustainability-linked bonds at 6%.

Origin Energy stands to increase gross earnings by about $650 million in 2025-26 if its huge Eraring coal power generator remains open, according to Morgan Stanley estimates, in findings that may play into the terms of a deal expected to be struck with the NSW government to extend its life.

G20 Summit as he leaves for Jakarta on Wednesday evening to take part in the ASEAN-India Summit and East Asia Summit. The Prime Minister chaired a meeting of the Council of Ministers as well as a cabinet meeting earlier on Wednesday. He will hold back-to-back meetings till 7:30 pm, government sources said. They said the Prime Minister will emplane for Indonesia at 8 pm, spend around 7 hours on the flight and reach Jakarta at 3 am IST on September 7. He will leave for the venue of the ASEAN-India Summit at 7 am.

India's diversity and its extraordinary successes means it is the «right country» at the «right time» to hold the G20 presidency, British Prime Minister Rishi Sunak said on Wednesday, as he hailed Narendra Modi's leadership over the last year, noting that India's presidency of the bloc came when the world is facing innumerable challenges. In an exclusive interview to PTI just days ahead of the G20 summit in Delhi on September 9-10, Sunak, the first Indian-origin prime minister of Britain, said the relationship between the UK and India will define the future of the two countries, even more than it is defining the present. «This country's scale, diversity and its extraordinary successes means India is the right country at the right time to hold the G20 Presidency.

(Reuters) — Wall Street's top regulator on Wednesday was set to approve new rules on funding a market surveillance system meant to split its development and operating costs between brokerages and stock exchanges while allowing the latter several years to recoup hundreds of millions already spent.

(Reuters) — The U.S. services sector unexpectedly gained steam in August, with new orders firming and businesses paying higher prices for inputs — potential signs of still-elevated inflation pressures.