U.S. Court Takes First Steps Toward Ordering Tariff Refunds
The Trump administration is likely to appeal the move, as it ramps up its attempt to slow or potentially block the repayment of billions in past duties. Source link
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Sensex Drop: Sensex tanks 1.1k points on FPI exodus
MUMBAI: As expected, on Wednesday, stocks sold off for the second consecutive session since the war in West Asia started on Saturday, and sank the leading indices to over six-month low levels. With the rupee weakening to a new lifetime low, crude prices hitting more than a year-high level and foreign funds selling aggressively, the…
China Sets Economy’s Growth Target Below 5% for First Time in Decades
The goal, announced at a gathering of Communist Party leaders, was the lowest since 1991 and can offer clues about China’s policymaking plans. Source link
Rbi Governance Failures: RBI: Governance lapses behind financial failures
MUMBAI: Warning that governance lapses-not a lack of knowledge-lie at the heart of many financial failures, RBI deputy governor J Swaminathan said institutions often ignore red flags because incentives discourage speaking up, allowing risks to fester until they erupt into crises.Delivering the keynote address at the 3rd International Finance and Accounting Conference (IFAC) at the…
Iranian TV and Social Media Project Defiant and Distorted View of the War
State media and online propagandists are striking a confident posture, despite heavy losses. Some of the content was generated by artificial intelligence. Source link
Petronet: Petronet issues force majeure, LNG supply hit
India’s top gas importer Petronet LNG has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port due to the crisis in West Asia, it said in an exchange filing on Wednesday.The US-Iran conflict has disrupted fuel shipments in the region. Transit…
Travelers Stranded by U.S.-Israel Conflict With Iran Face Endless Flight Cancellations
Even far from hubs like Dubai and Abu Dhabi, the disruptions from the growing violence have left people jumping “from one cancellation to the next.” Source link
Crude Oil Prices: Middle East tensions: Oil companies may cushion impact of spike – report
MUMBAI: The government’s decision to hold back cuts in retail petrol and diesel prices despite the earlier fall in global crude has given oil marketing companies (OMCs) room to cushion the impact of fresh spikes. According to a report by Nomura, this buffer means that a 10% rise in crude oil prices is likely to…
To Cut Housing Costs, Some States Are Easing Fire Safety Rules
Last year, six states eliminated a fire-safety code requiring apartment buildings taller than three stories to have at least two staircases. More states are exploring the move. Source link
Stock markets bleed on US-Iran war: Rs 16.32 lakh crore gone! Sensex, Nifty down over 2.7% – what should investors do?
India is not the only market to have seen losses in the wake of the Middle East situation. (AI image) Indian stock markets have been bleeding – and multiple triggers in the last few quarters have left BSE Sensex and Nifty50 well below their record highs. The fresh negative for the stock markets is the…