Usa Financial News

A joke cryptocurrency token based on Joe Biden plummeted on Friday after the incumbent president debated Donald Trump in their first presidential debate of the election cycle on Thursday.

engineering exports bounced back in May 2024 and recorded 7.39% year-on-year growth to $9.99 billion. In April this year, engineering exports registered a 4.49% decline compared to the previous fiscal period. Significant export growth was noted in West Asia and North Africa (WANA), Latin America, and European countries outside the European Union (EU) during May this year. Exports to the EU declined significantly during this period.

Donald Trump has said his administration opted out of the landmark Paris Climate Accord in 2017 as it was a «rip-off» which would have cost Washington USD 1 trillion, as he claimed that India, China and Russia weren't paying for it. Trump, the presumptive candidate of the Republican Party, made the claims at the first of presidential debates with his Democratic Party rival President Joe Biden on Thursday, where the two 2024 presidential candidates sparred over the state of the economy, border, foreign policy, abortion, national security and climate change. During their roughly 90-minute debate marred by personal attacks, Trump, 78, claimed that the Paris Climate Accord would have cost USD 1 trillion and the US was the only country that had to pay.

On Thursday, gold and silver settled on a positive note in the international as well the domestic market. On MCX, gold August futures contract settled at Rs 71,572 per 10 grams with a gain of 0.68% and silver july futures contract settled at Rs87,048 per kilogram with a gain of 0.10%

India-Middle East-Europe Economic Corridor (IMEC) will prove to be one of the «biggest game-changers» of the 21st century, President Droupadi Murmu said in Parliament on Thursday. She also said the global order is taking a «new shape» and that the government's efforts are resulting in «Bharat» giving a new confidence to the world as a «Vishwa-Bandhu» (friend of the world). In her address to a joint sitting of the Parliament, Murmu said India today is the first responder in any crisis and has become a strong voice of the Global South in view of its human-centric approach. Outlining priorities of the Modi government in the foreign policy domain, the president said India is giving great emphasis on connectivity.

India is set to lure billions of dollars more inflows when JPMorgan Chase & Co. adds the nation’s government bonds to its emerging markets index on Friday, opening up a $1.3 trillion market to a broader range of investors. Global funds have already poured close to $11 billion into index-eligible bonds since JPMorgan’s announcement in September. The US bank expects $20 billion to $25 billion to come in over the next 10 months, raising foreign ownership to 4.4% from 2.5% currently.

Wheat yields plummeted last year to 1 ton per hectare (2.5 acres), his smallest harvest ever, as the worst drought period in three decades envelops the North African nation. The 25-foot-deep well on Sadiri’s plot dried up, and he can’t afford to dig any deeper. So now he’s trying barley, a more resilient crop. Sadiri is among 1.2 million grain farmers suffering the brunt of climate change in Morocco, where the frequency of droughts has quintupled this century. The impact will ripple far beyond its borders: The country stands to bring in record volumes of wheat — at a time when major shippers like France and Russia are suffering harvest setbacks of their own — and less of its fruit and vegetables will line store shelves in Europe, the US and the rest of Africa.

Ebrahim Raisi. Amirhossein Ghazizadeh Hashemi, 53, dropped his candidacy and urged other candidates to do the same “so that the front of the revolution will be strengthened," PTI reported.Ghazizadeh Hashemi was one of Raisi's vice presidents and the head of the Foundation of Martyrs and Veterans Affairs.

Stock market today: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087. The BSE Sensex finished 568 points higher at 79,243 after hitting a new record high of 79,396.

Stocks to buy or sell: Despite weakness in the global markets, the Indian stock market continues to scale northward on Thursday. The Nifty 50 index ended 175 points higher at the 20,044 mark after climbing to a new peak of 24,087.

Joe Biden and his Republican rival, Donald Trump, will meet for a debate on Thursday that offers an unparalleled opportunity for both candidates to try to reshape the political narrative. Biden, the Democratic incumbent, gets the chance to reassure voters that, at 81, he's capable of guiding the U.S. through a range of challenges. The 78-year-old Trump, meanwhile, could use the moment to try to move past his felony conviction in New York and convince an audience of tens of millions that he's temperamentally suited to return to the Oval Office.

shipping companies for transporting Iranian oil, saying it was a response to Tehran's nuclear «escalation,» on the eve of presidential elections in the Islamic republic. «Over the past month, Iran has announced steps to further expand its nuclear program in ways that have no credible peaceful purpose,» Secretary of State Antony Blinken said in a statement.

Donald Trump laid the blame for the Ukraine war at US President Joe Biden's feet Thursday, insisting that the invasion never would have happened «if we had a leader.» «This is a war that never should have started. If we had a leader in this war… He's given $200 billion now or more to Ukraine, he's given $200 billion.

inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.

Joe Biden and his Republican rival Donald Trump traded attacks on abortion and their handling of the economy early in their debate on Thursday night, giving voters a rare side-by-side look at the two oldest candidates ever to seek the U.S. presidency. Biden, sounding hoarse and tentative at times, stumbled over his words on occasion, while Trump rattled off one attack after another that included several well-worn falsehoods, including claims that migrants have carried out a crime wave and that Democrats support infanticide.

«I would say at this point, wait. I know I think markets will react as they are, markets will just be markets and throw volatility at you just to excite you all the time. But I think at some point, we got to wait to get some reaction from the companies and see some numbers in the results,» says Deepak Shenoy, Founder, Capital Mind. Just wanted to get your views on the IT sector that we are trying to get the conversation going with. What is the view? Deepak Shenoy: So, I think we will wait for results. Basically, because the problem right now that you are seeing in the IT sector is that you are not really sure of the spends that are happening abroad. And a lot of places you are having issues, specifically in Japan and in Europe, you are having a different, more recessionary impulse there. America, you are having a different situation where spending has actually slowed down quite a bit and then they are not actually giving you big deals.

Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.Nifty 50 formed a long bull candle on the daily chart, which is four similar back-to-back candles in the last four sessions. Also Read: Indian stock market: 8 things that changed for market overnight - Gift Nifty, US jobless claims to SEBI board decisions“After the formation of a bullish pattern like ‘three advancing soldiers’ on Wednesday, Nifty continued to surge higher.

Sensex jumped 568.93 points, or 0.72%, to close at 79,243.18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.50.“The upmove in the markets has been gradual so far (except for the last 4 days) as participants are wary of the high valuations. They are also afraid of a sharp bout of profit taking which has not happened so far.

«The index would have the next target of 24500 level, as mentioned earlier, with 23500 zone maintained as the support as of now,» said Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.

Bitcoin (BTC) is currently swimming in a turbulent market environment, trading at approximately $60,750.

Mexican border using the rules framed under the US-Mexico-Canada Trade Agreement. The average price of an EV vehicle manufactured in the US is $55,000 and the Chinese vehicles are priced at half this rate. The US has many options to tackle what may be termed as an “unfair trade practice”. There are several economic and social consequences, the US will need to deal with. The primary concern is related to job loss. The American automobile industry is threatened by this.