US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
Global Trade Research Initiative (GTRI) has proposed a three-step strategy to safeguard India’s trade interests as discussions with the United States have stepped into the “advanced stage.” The agency has suggested measures like scaling back Russian oil imports, seeking trade parity and resuming talks on fair terms.Here’s what GTRI’s 3 step plan says: 1. Halting…
The United States is nearing the longest federal government shutdown in history, having remained closed for the entire month with no resolution in sight. Economists have warned that the longer the impasse drags on, the greater the risk that the economy, already showing signs of strain, could shift from bending to breaking. FULL: ‘Where Are…
Sometimes even your most valiant efforts aren’t enough to get you to the gate on time. Here are some ways to get your trip back on track. Source link
MUMBAI: India’s foreign exchange reserve dipped by nearly $7 billion to $695.4 billion during the week ended Oct 24, Reserve Bank of India data showed. Of the total, foreign currency assets were worth $566.5 billion (down $3.9 billion on the week), gold was worth $105.5 billion (down $3 billion), SDRs were worth $18.7 billion (down…
Developers have finally broken ground on the project, known as Sizewell C, but getting there meant navigating wary investors and local opposition. Source link
Months after US President Donald Trump settled a $16 million lawsuit with CBS News, he is set to return to “60 Minutes” this Sunday, marking his first appearance on the programme since the dispute.CBS confirmed that Norah O’Donnell conducted the interview at Mar-a-Lago on Friday. The network has, however, not disclosed how this week’s interview…
The Federal Reserve’s rate cut will reduce investor returns, yet money market funds remain a good deal, our columnist says. Source link
MUMBAI: The Rs 1,668-crore IPO for Orkla India, the Indian arm of the Norwegian conglomerate, was subscribed nearly 49 times at close of bidding on Friday.Data from BSE showed that while the institutional part was subscribed almost 118 times, the portion reserved for high networth investors (HNIs) was subscribed 54 times. Data also showed that…
The move broke from generations of precedent and added to the Trump administration’s growing list of restraints on the news media. Source link
