Usa Financial News

Congress leader Sam Pitroda's remarks, the party on Wednesday asserted that it has no plans whatsoever to introduce an inheritance tax and cited former Union minister Jayant Sinha's remarks to allege that it is the Modi government that wanted to do so. Pitroda, the president of the Indian Overseas Congress, has talked about the inheritance tax law in the United States while answering a query on the «redistribution of wealth» issue. Modi on Wednesday attacked the Congress over its Pitroda's «inheritance tax» remark, saying the grand old party's «dangerous intentions» of snatching away the assets and rights of people have come to the fore. In a post on X, Congress general secretary in-charge of communications Jairam Ramesh said the Congress has no plan whatsoever to introduce an inheritance tax. In fact, former prime minister Rajiv Gandhi had abolished Estate Duty in 1985, he said, adding that it is the Modi government that has wanted to do so.

According to a regulatory filing, the offer will allow shareholders to tend some or all of their shares at a price of $0.764 per share, equivalent to 31 December 2023's $0.78 NAV per share, less 2% administrative costs. US Solar Fund eyes share buybacks as NAV falls 20% over 2023 The terms of the proposed tender offer will be issued in a circular next week, which will be followed by a special resolution at a general meeting on 21 May 2024, coinciding with the trust's AGM. Following an exercise exploring potential methods to refinance the vehicle's senior debt facilities in order t...

The iShares fixed maturity range will now comprise 13 UCITS ETFs, with maturities ranging from 2025 to 2029. BlackRock noted the latest launches – namely iShares iBonds Dec 2027 Term $ Treasury UCITS ETF; iShares iBonds Dec 2029 Term $ Treasury UCITS ETF; iShares iBonds Dec 2026 Term € Italy Govt Bond UCITS ETF; iShares iBonds Dec 2028 Term € Italy Govt Bond UCITS ETF — mark the first time iShares iBonds will provide exposure to European government debt. BlackRock launches two active iShares ETFs in Europe Two of the four ETFs will provide maturities in US government debt in 2027 a...

How do you run a democracy when the mercury rises above 40° Celsius? That’s the problem faced by voters in India. A swathe of the country’s east is sweltering under a brutal heatwave. The city centre of Kolkata has emptied out, schools have cancelled classes, and one TV presenter collapsed on air with heat stroke.

pharmaceuticals exports increased 9.67 per cent year-on-year to USD 27.9 billion in 2023-24, even as the total exports dipped by 3 per cent in the last fiscal. According to the commerce ministry data, pharma exports in March grew by 12.73 per cent to USD 2.8 billion. In 2022-23, the exports stood at USD 25.4 billion. The top five export markets, for the sector during the last fiscal, are the US, the UK, the Netherlands, the United Kingdom, South Africa and Brazil.

U.S. prosecutors are seeking an above-guidance sentence of 36 months for the former CEO of cryptocurrency exchange Binance on charges of enabling money laundering, according to a sentencing memorandum out late Tuesday.

DFW housing and macro econ analyst Amy Nixon explains what the spike in mortgage rates means for the housing market on ‘Making Money.’

Renowned crypto entrepreneur Arthur Hayes has shared his insights on the macroeconomic landscape, predicting a strengthening trend that could further propel  Bitcoin’s  ascent. 

US prosecutors are seeking a 3-year prison term for Binance founder Changpeng Zhao, per a Tuesday court filing.

Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion.

President Tsai Ing-wen said on Wednesday she was happy the U.S. Congress had passed a sweeping foreign aid package which includes arms support for the island, as China urged Washington to stop selling weapons to Taipei. The United States is Taiwan's most important international backer and arms supplier even in the absence of formal diplomatic ties. China, which views Taiwan as its own territory, has repeatedly demanded arms sales stop. The Senate approved by 79 to 18 four bills passed by the House of Representatives on Saturday, after House Republican leaders abruptly switched course last week and allowed a vote on the $95 billion in mostly military aid for Ukraine, Israel and Taiwan and U.S. partners in the Indo-Pacific.

Congress' Sam Pitroda says he's ‘very concerned’ about state of democracy in India Sam Pitroda on Tuesday backed Congress' stand on redistribution of wealth and advocated an inheritance tax law in the country while elaborating on the concept of inheritance tax prevailing in the United States. He said, “In America, there is an inheritance tax.

Also Read: Axis Bank, Hindustan Unilever, among 23 companies to report Q4 results today The recent uptrend in Indian equities has been attributed to favorable global cues and a decline in crude oil prices, with the oil market seemingly unaffected by the potential impact of additional sanctions on Iranian oil. Moreover, concerns have eased as both Iran and Israel have indicated a reluctance to escalate tensions further, following limited exchanges of strikes earlier this month. In March, small-cap stocks suffered as concerns over high valuations prompted regulatory scrutiny, leading mutual fund houses to conduct stress tests every 15 days.

The latest Boeing uproar belies the potted story line. Instead of bringing shame by abandoning the glories of American manufacturing, in its 787 factory Boeing was inventing new manufacturing to build airliners from carbon fibers rather than traditional aluminum. A whistleblowing engineer testifies that in fitting together these planes, Boeing departed from its estimated tolerances and force limits as it struggled to gain experience in assembling carbon-fiber airliners.

A report by the American Chamber of Commerce in China says that simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China

Like many little girls, a young Kristi Yamaguchi loved playing with Barbie

Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April

GoFundMe is expanding into Mexico, the company announced Tuesday

On a quiet day in the crypto market that saw most major coins going sideways within recent ranges, impatient traders hunting for quick gains are turning to smaller, lesser-known altcoins that might be the best crypto to buy now.

Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is “deeply undervalued,” despite revenue decline.

The International Monetary Fund (IMF) is warming up to Bitcoin’s merits after years of criticizing and discouraging the use of crypto at large, according to crypto fund manager Bitwise.