Usa Financial News

Canadian Prime Minister Justin Trudeau last month announced tariffs of 100 percent on Chinese EVs, accusing Beijing of «not playing by the same rules as other countries» in areas like environmental and labour standards. The United States and the European Union have also respectively slapped tariffs of 100 percent and 36 percent on Chinese EVs, arguing that Beijing unfairly subsidises domestic producers whose products then flood foreign markets and undercut local competitors.

international travel. A recent report by MakeMyTrip, covering the period from June 2023 to May 2024, highlights a significant rise in the number of Indians taking international trips, with a 32% growth in people going on two or more international journeys. Those taking three or more trips have grown by 37%, underscoring India's growing appetite for global travel.

The International Longshoremen's Association, which has more than 47,000 members, said it had discovered that the gate was using technology to check and let in trucks without union workers, which it said violated its labor contract. «We will never allow automation to come into our union and try to put us out of work as long as I'm alive,» said Harold J. Daggett, the union's president and chief negotiator in talks with the United States Maritime Alliance, a group of companies that move cargo at ports.

Indian tennis star Rohan Bopanna and his Indonesian partner Aldila Sutjiadi entered the semifinals of the US Open mixed doubles with a hard-fought win over Australian Matthew Ebden and Barbora Krejcikova of the Czech Republic here. The eighth seeded Indian-Indonesian pair registered a 7-6(4) 2-6 10-7 win over fourth seeds Ebden and Krejcikova in the quarterfinal that lasted one hour and 33 minutes on Monday night. Bopanna and Sutjiadi had earlier defeated Australian duo of John Pears and Katerina Siniakova of the Czech Republic 0-6 7-6(5) 10-7 in a second-round match. Bopanna and Sutjiadi will play American pair of Donald Young and Taylor Townsend in the semifinals.

Nifty were trading flat on Tuesday morning in the absence of any major triggers. However, a 3-5% rally in defence stocks like HAL, GRSE, and Mazagon Dock cheered retail investors. The rally in defence stocks came after the Cabinet Committee on Security cleared a Rs 26,000 crore deal for the procurement of 240 aero-engines for Sukhoi-30MKI fighter jets.

Premier Energies' shares debuted on the exchanges with a 120% premium on Tuesday. The stock listed at Rs 990 on NSE and Rs 991 on BSE, compared to the offer price of Rs 450. Ahead of its debut, the company's shares traded at a premium of over 100% in the unlisted market.

IIT Bombay has completed final placements with an average annual package of Rs 23.5 lakh, a 7.8% jump from last year’s average of Rs 21.8 lakh but fewer students compared to last year have landed jobs during the process, a report released by the institute has revealed. In one of the most challenging years for placements to date, about 74.5% of the 1979 students who actively participated in the campus drive have got jobs, with 1475 job offers accepted. This is compared to about 82% last year when 1845 students actively participated and 1516 job offers were accepted. This is despite 364 companies making offers, compared to 324 last year. Seventy-eight international offers were accepted in both Phases of the IIT Bombay placements 2023 — 24, while 22 offers of above Rs 1 crore per year were accepted during this drive, according to data from the institute. Around 206 students received salaries of less than Rs 10 lakh.

Asian shares are trading mixed as investors look ahead to a key report on U.S. employment set for release later in the week

silver December futures contracts were trading at Rs 84,426/kg, down by 0.15% or Rs 128. Gold prices have fallen by Rs 660/10 gm in the last 3 days while silver has dipped by Rs 2,600 per kilogram.

Teachers' Day to honour the immense contributions of educators in shaping the nation's future. This day is not only a tribute to the dedication and hard work of teachers but also commemorates the birth anniversary of one of India's most revered scholars and former President, Dr. Sarvepalli Radhakrishnan. As India celebrates and honours all teachers across the nation, here's all you need to know.

Robusta coffee slid in London, pulling back from last week’s high, amid a US holiday that contributed to volatile prices. Futures had soared to the highest since the 1970s on concerns about tighter supplies out of Vietnam and Brazil due to unfavorable weather. Prices topped $5,000 a ton on Friday, pushing robusta’s relative-strength index toward overbought territory. The commodity slipped as much as 5.5% on Monday. “We are in a low stock environment, which guarantees volatility,” said Carlos Mera, an analyst at Rabobank. Traders also need to consider other factors, such as shipping disruptions around the Red Sea, congestion in Brazilian ports and the European Union’s incoming deforestation rules, he said.

Kim Jong Un supervised a demonstration of new exploding drones designed to crash into targets, state media said Monday, as the U.S. and South Korea engage in joint military drills. North Korean test photos showed a white drone with X-shaped tails and wings supposedly crashing into and destroying a target resembling South Korea's main K-2 battle tank. Most combat drones stand off from targets and fire missiles. The North's official Korean Central News Agency said Saturday's test involved various types of drones built to fly different ranges to attack enemy targets on land and sea and flew along various routes before accurately hitting test targets. After the test, Kim pledged to spur the development of drones that explode on impact, conduct reconnaissance or attack targets underwater to boost his country's war readiness, saying the North's military should be equipped with advanced drones «as early as possible,» KCNA said.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Vedanta Resources plans to raise up to $1.5 billion in a five-year dollar denominated bond sale, marking the first such refinancing-focused global issuance since a January restructuring at the UK holding company of Vedanta Ltd. Proceeds from the latest issue will be used to refinance $470 million in bonds that are due in 2027 and $1 billion due 2028. Both sets of bonds — carrying 13.87% interest rates — will now be redeemed on October 2 this year. “Vedanta Resources’ objective is to redeem the two bonds, which are trading on a par, with the new ones, which will be issued at 9.5-10.5%, bringing down the borrowing cost,” said a banker.

What makes you so bullish on India?

equity indices closed at fresh all-time highs on Monday, extending their recent record-breaking run but gains were modest as traders see risks to the market at these levels. Nifty gained 0.2%, or 42.8 points, from the previous day's close to close at 25,278. Sensex rose 194 points and closed at 82,559.

Mint earlier reported about India considering imposing retaliatory tariffs on EU exports in response to the bloc’s proposed carbon tax that could disrupt over $8 billion worth of Indian metal exports to the EU. As the EU’s CBAM has been in discussion, Yadav said, “until a proposal comes, we cannot take a call. Our stand on this will be protecting the larger interests of all developing nations." “Before COP29, pre-consultations are taking place.

₹98,924 crore in FY23. China’s electronics conglomerate BBK Group, which operates five gadget brands in the country, maintained steady revenue at ₹81,870 crore in FY23 despite sales volumes falling significantly. Apple India clocked ₹49,321 crore in revenue in FY23.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...