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Joe Biden holds bilateral meeting with Chinese President Xi Jinping in San Francisco

Joe Biden holds bilateral meeting with Chinese President Xi Jinp...

Thu, Nov 16, 2023

US President Joe Biden on November 16 held a bilateral meeting with China President Xi Jinping in San Francisco in the USA. The meeting was held on the sidelines of the Asia-Pacific Economic Cooperation (APEC). The purpose behind the meeting was for both sides to make efforts to increase high-level communication amid continued tensions.

Chinese President Xi Jinping Arrives in San Francisco for Crucial Talks with Biden

Chinese President Xi Jinping Arrives in San Francisco for Crucial...

Wed, Nov 15, 2023

Chinese President Xi Jinping arrived in San Francisco. This marked the commencement of his first visit to the United States in six years. Jinping is due to meet US President Joe Biden at an undisclosed location in the San Francisco Bay Area. He will also attend the annual summit of the Asia Pacific Economic Cooperation (APEC) forum.

US stock market falls drastically, S&P 500 falls by 7%

US stock market falls drastically, S&P 500 falls by 7%

Mon, Mar 09, 2020

Trading was halted this morning on the major stock exchanges after the S&P 500 fell by 7%, one of the so-called circuit breakers to block an absolute market path.

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Volatility ahead of F&O expiry may keep markets on edge: Experts

Volatility ahead of F&O expiry may keep markets on edge: Experts

Sun, Dec 25, 2016

Markets may see volatile trading sessions amid derivatives expiry, while muted Foreign Institutional Investor (FII) activity and global markets will dictate market trend this week, say experts.

Demonetisation: Dishonest to face ruin after December 30, warns PM Narendra Modi

Demonetisation: Dishonest to face ruin after December 30, warns PM Narendra Modi

Sun, Dec 25, 2016

Prime Minister Narendra Modi on Saturday warned of ruin for the dishonest after the expiry of December 30 deadline for depositing scrapped currency and said they should not underestimate the mood of the country against corruption.

Facebook gets over 6,000 data requests from India during Jan-June period of 2016

Facebook gets over 6,000 data requests from India during Jan-June period of 2016

Sat, Dec 24, 2016

Social networking giant Facebook (FB) received 6,324 requests from Indian government agencies for 8,290 users/accounts in the first half of 2016.

China fines General Motors' unit $29 million for 'price-fixing'

China fines General Motors' unit $29 million for 'price-fixing'

Sat, Dec 24, 2016

Beijing has fined the Chinese unit of General Motors (GM) nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said.

Obama signs $618 billion defence bill; boosts security cooperation with India

Obama signs $618 billion defence bill; boosts security cooperation with India

Sat, Dec 24, 2016

US President Barack Obama has signed into law the $618 billion (nearly Rs 41,11,399.5 crore) defence budget for 2017, which enhances security cooperation with India and conditions nearly half of the funding to Pakistan on a certification that it is taking demonstrable steps against the Haqqani Ne

Wipro to pay $5 million to US SEC to settle 6-yr-old case

Wipro to pay $5 million to US SEC to settle 6-yr-old case

Sat, Dec 24, 2016

Country's third largest software services firm Wipro on Friday said it has reached an agreement with US Securities and Exchange Commission (SEC) to formally resolve a six-year old investigation and will pay $5 million (nearly Rs 33.3 crore) in civil money penalty.

US hits Credit Suisse, Deutsche Bank with toxic debt penalties

US hits Credit Suisse, Deutsche Bank with toxic debt penalties

Sat, Dec 24, 2016

Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of US toxic debt, further hampering two of Europe`s leading investment banks as they struggle with weak earnings.

Gems, jewellery exports up 10% in April to November period of FY17

Gems, jewellery exports up 10% in April to November period of FY17

Wed, Dec 21, 2016

Exports of gems and jewellery grew by about 10% to $23.5 billion (nearly Rs 1,56,339.63 crore) during April-November period of the current fiscal, driven largely by rising demand in India's major export markets like the US and Europe.

Volkswagen agrees to fix, buy back more polluting US diesel vehicles

Volkswagen agrees to fix, buy back more polluting US diesel vehicles

Wed, Dec 21, 2016

Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States (US) as the German automaker on Tuesday took new steps to put its emissions cheating scandal behind it.

China's money markets battle dual deficits of cash, trust

China's money markets battle dual deficits of cash, trust

Wed, Dec 21, 2016

China`s money markets are bracing for a rough transition into 2017 as a traditional year-end cash deficit coincides with heavy capital outflows and a disruptive bond default that are creating sporadic cash shortages and ramping up counterparty risk.

Economists pitch for 'out-of-box' Budget to FM Arun Jaitley

Economists pitch for 'out-of-box' Budget to FM Arun Jaitley

Wed, Dec 21, 2016

Government should make the best use of demonetisation and come out with a Budget full of out-of-box ideas, economists told Finance Minister Arun Jaitley in New Delhi.

Australia inks mega deal to buy French submarines

Australia inks mega deal to buy French submarines

Tue, Dec 20, 2016

Australia on Tuesday signed a mega deal to purchase a fleet of next-generation submarines from France, with Prime Minister Malcolm Turnbull hailing the vessels` "cutting-edge technology".

General Motors to shut five US plants temporarily in January

General Motors to shut five US plants temporarily in January

Tue, Dec 20, 2016

General Motors (GM) plans to temporarily shut five US manufacturing plants in January in response to lower demand, a spokeswoman said on Monday. The biggest US automaker will shutter the plants for one to three weeks at the start of the year.

US Fed's Janet Yellen says job market strong, signs of wage growth

US Fed's Janet Yellen says job market strong, signs of wage growth

Tue, Dec 20, 2016

The US job market is at its strongest since the start of the financial crisis and there are signs workers will start to see the benefits in their paychecks, US Federal Reserve Chair Janet Yellen said on Monday.

Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

Tue, Dec 20, 2016

Volkswagen AG has agreed to spend up to $2.1 billion Canadian dollars to buy back or fix 105,000 polluting diesels and compensate owners in Canada, the company said Monday.

Rupee depreciates by 6 paise against dollar in early trade

Rupee depreciates by 6 paise against dollar in early trade

Mon, Dec 19, 2016

Rupee depreciated by 6 paise to 67.82 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to increased demand for the American unit from importers amid foreign fund outflows.

Oil prices rise in anticipation of tighter 2017 market

Oil prices rise in anticipation of tighter 2017 market

Mon, Dec 19, 2016

Oil prices inched up on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.

Services to form 25% of global trade by 2030: HSBC

Services to form 25% of global trade by 2030: HSBC

Sun, Dec 18, 2016

As economic and political headwinds slow global trade in commodities and manufactured goods, opportunities linked to services will be more and are expected to form 25% of global trade in a sustained manner by 2030, a report by HSBC has said.

US judge 'optimistic' for deal in 3.0-litre diesel Volkswagen case

US judge 'optimistic' for deal in 3.0-litre diesel Volkswagen case

Sat, Dec 17, 2016

A US federal judge overseeing the Volkswagen emissions scandal said on Friday he is optimistic about reaching an agreement for the last 80,000 vehicles affected in the United States (US). A new hearing has been set for Monday to review the German automaker`s proposals.

Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Sat, Dec 17, 2016

Months after selling its stake in China, Uber CEO Travis Kalanick on Friday said it sold its stake to rival Didi since the "battle in China became global", prompting the US-based company to focus on other areas such as Ubereats, driverless cars and markets like India.

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