How Trump Could Overhaul the Fed
The president wants to pack the central bank’s Board of Governors with loyalists, which would grant him greater sway over an institution that is supposed to be independent from the White House. Source link
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India’s shrimp exports set to fall 15-18% amid Trump tariff hike; $5 billion trade at risk: Crisil
Indian shrimp exports are expected to decline by 15-18 per cent this fiscal year after a steep hike in US import tariffs, according to a Crisil Ratings report. The increase, which took effect on August 27, has raised the overall duty burden on Indian shrimp entering the US to 58.26 per cent. The ratings agency…
Bank Holidays in September 2025: On what days will banks be closed? Check complete state-wise list
Bank Holidays September 2025: For those looking to avail banking services on specific days in the upcoming month, it is important to note that several bank holidays could lead to extended weekends in some states. Planning ahead for your financial and branch-related work is advisable to avoid any inconvenience. All banks across India — both…
China’s factory output contracts for fifth month: PMI at 49.4 in August; trade talks with US drag on
China’s industrial production showed a slight improvement in August but remained in contraction for the fifth consecutive month, as per official figures released on Sunday, while trade negotiations with the United States persist before a new November tariff implementation.The Purchasing Managers’ Index, a crucial industrial output indicator, reached 49.4, according to the National Bureau of…
‘Undefined mechanisms’: India halts US-mail including up to $100 parcels; postal service cites new tariff rules
India stops postal shipments to US (Representative AI image) India’s postal department has suspended all mail bookings to the United States, following new US governmental regulations that alter the protocol for incoming shipments.The official communication indicated that postal services, including letters, documents and gifts valued up to $100 destined for the US, will not be…
‘Big year ahead’: Donald Trump touts $10 trillion investment for Americans; White House hails ‘worker-first’ agenda
Donald Trump (File photo) President Donald Trump marked Labor Day weekend by spotlighting what the White House described as “nearly $10 trillion” in new investments aimed at American workers, part of what officials are calling a “Golden Age of Prosperity.” “President Trump believes that American workers are the heart and soul of our economy, which…
America Closed Malls, but China Kept Building Them. Now It Has Too Many.
There’s nothing China can’t make in abundance and often in excess — even shopping malls. Across the United States, one in six shopping malls has closed since the sector peaked in 2013. But China has been on a frenetic construction boom, with its number of malls doubling since 2013 to 6,700. Many retailers in China…
UP’s Rampur mentha oil industry reels under US tariff: Exporters warn of losses as orders on hold; job cuts loom
The mentha oil sector in Rampur is experiencing severe difficulties, with exporters warning of substantial financial losses due to the US’s 50 per cent import tariff on Indian goods. The situation is endangering the financial stability of numerous agricultural workers and labourers, according to PTI reports. Mentha oil serves as a crucial aromatic ingredient in…
Mutual Funds share in savings jumps 6x in 10 yrs
Mumbai: The share of mutual funds in the household sector’s gross financial savings increased from 0.9% in 2011-12 to 6% in 2022-23. Assets under management have grown at a compounded annual growth rate (CAGR) of 17.1%. This has made mutual funds a stabilising force in equities and helped cushion the equity market against volatility triggered…
‘Discriminatory’: Putin blasts Western sanctions against Russia; hints at deeper ties with China ahead of visit
Russian President Vladimir Putin criticised Western sanctions ahead of his four-day visit to China, warning that trade restrictions and the costs of the Ukraine war have pushed Russia’s economy into recession, as reported by Reuters. In a written interview with China’s Xinhua news agency on Saturday, Putin said Russia and China were united in rejecting…