Trump to Investigate Whether China Abided by 2020 Trade Deal
The administration announced its trade investigation on Friday, ahead of a summit between U.S. and Chinese leaders. Source link
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Social security benefits to rise 2.8%: Retirees to see $56 monthly boost; senior citizens say increase not enough
Social security benefits to rise 2.8% (AP) The Social Security administration on Friday announced that its benefits will increase by 2.8% in 2026, giving retirees an average monthly boost of more than $56. The rise reflects moderating inflation after several years of higher cost-of-living adjustments (COLA).The increase will take effect in January for nearly 71…
Fed Prepares Bank-Friendly Changes to Annual Stress Tests
The Federal Reserve Board is poised to start releasing in advance models it uses to test the biggest banks’ readiness to withstand economic shocks. Source link
India’s forex reserves cross $700 billion: Value of gold holdings surges; foreign currency assets fall slightly
India’s foreign exchange reserves rose by $4.496 billion, reaching $702.28 billion for the week ending October 17, majorly driven by an increase in the value of gold reserves, the Reserve Bank of India said Friday.Last week, the overall reserves had increased by $2.176 billion to $697.784 billion, reported PTI.Foreign currency assets (FCA), the largest part…
What to know about the report.
The Consumer Price Index for September, released late because of the government shutdown, may reflect the effects of President Trump’s tariffs on a wide variety of imported products. Source link
‘Why single out India?’: Piyush Goyal slams double standards on Russian oil; questions Germany, UK for seeking exemptions from US sanctions
Speaking at the Berlin Global Dialogue, Piyush Goyal stressed on India’s independent trade policies. Commerce minister Piyush Goyal has hit out at the Western nations double-standards on Russian oil, questioning Germany and UK’s reported move seeking exemptions from US sanctions.Speaking at the Berlin Global Dialogue Goyal stressed on India’s independent trade policies, firmly saying that…
Trump Decries Anti-Tariff Ad From Ontario, Canada, That Faithfully Quotes Reagan Speech
The anti-tariff ad, which President Trump pointed to in cutting off trade talks with Canada, uses several sound bites from an April 1987 speech, though not in the order President Ronald Reagan said them. Source link
‘Will be adapting refinery operations’: RIL responds to US, EU sanctions on Russian crude; commits to compliance
RIL responds to US, EU sanctions on Russian crude NEW DELHI: Reliance Industries Ltd (RIL) on Friday said it is assessing the impact of the latest sanctions imposed by the United States and the European Union on Russian oil companies.In an official statement, a company spokesperson said RIL will comply with guidelines on the import…
Trump sanctions to hit India: Will New Delhi’s crude oil imports from Russia stop? Here’s what analysts say
Trump sanctions to hit India: Indian refiners are preparing to scale up crude oil purchases from the Middle East, Latin America, and the United States to compensate for reduced imports from Russia, analysts told news agency PTI.This comes after the US government on Wednesday imposed fresh US sanctions on two of Moscow’s biggest producers, Rosneft…