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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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Richmond Fed's Jeffrey Lacker says more than three rate hikes likely needed in 2017

Richmond Fed's Jeffrey Lacker says more than three rate hikes likely needed in 2017

Sat, Dec 17, 2016

The US Federal Reserve will likely need to raise interest rates more than three times next year and faces challenges in gradually cooling off the US economy, Richmond Fed President Jeffrey Lacker said on Friday.

Volkswagen agrees to pay $200 million into US pollution reduction fund

Volkswagen agrees to pay $200 million into US pollution reduction fund

Sat, Dec 17, 2016

Volkswagen AG has agreed to pay more than $200 million into a fund created to cut diesel pollution, part of its agreement over about 80,000 3.0-litre diesel vehicles that emitted more than the US legal limit, a person briefed on the settlement told Reuters.

China urges calm on yuan after US rate hike

China urges calm on yuan after US rate hike

Fri, Dec 16, 2016

The mouthpiece of China’s Communist Party said on Friday there was “no need to worry too much” about downward pressure on the yuan as the currency wallows at more than eight-year lows against the dollar.

Oracle's revenue growth falls short of analysts' expectations

Oracle's revenue growth falls short of analysts' expectations

Fri, Dec 16, 2016

Business software maker Oracle Corporation`s adjusted revenue missed analysts` estimates for the seventh time in the last eight quarters, showing that its shift to cloud-based offerings is taking longer than Wall Street expected.

Govt expects high FDI inflow momentum to continue in 2017

Govt expects high FDI inflow momentum to continue in 2017

Fri, Dec 16, 2016

Pinning hopes on a slew of foreign direct investment (FDI) reforms unveiled by the government in 2016, the government expects that the momentum of high FDI inflows will continue in the new year. FDI inflows in January-September jumped 21% to $32.18 billion.

Oil prices edge up as Kuwait cuts supplies by more than expected

Oil prices edge up as Kuwait cuts supplies by more than expected

Fri, Dec 16, 2016

Oil prices edged up on Friday after market sources said Kuwait had told customers it was cutting supplies by more than initially expected from January as part of a coordinated effort by oil producers to drain a global glut.

China launches WTO dispute resolution case against US, EU

China launches WTO dispute resolution case against US, EU

Mon, Dec 12, 2016

China said on Monday it had launched a dispute resolution case at the World Trade Organisation (WTO) over the surrogate country approach used by the United States (US) and European Union (EU) to calculate anti-dumping measures against Chinese exports.

Growth in global coal demand to slow over next five years: IEA

Growth in global coal demand to slow over next five years: IEA

Mon, Dec 12, 2016

Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States (US) and as renewable energy sources gain ground, the International Energy Agency (IEA) said on Monday.

Philips to sell Lumileds majority share for $1.5 billion

Philips to sell Lumileds majority share for $1.5 billion

Mon, Dec 12, 2016

Dutch electronics giant Philips announced on Monday the sale of a majority share in its Lumileds LED lighting business for $1.5 billion (nearly Rs 9,979.13 crore), after cancelling the sale earlier this year over US regulatory concerns.

Stronger US spending under Donald Trump could help Israel, says Bank of Israel's chief

Stronger US spending under Donald Trump could help Israel, says Bank of Israel's chief

Mon, Dec 12, 2016

Bank of Israel Governor Karnit Flug said on Sunday that an expansion of US spending once Donald Trump takes office could benefit Israel`s economy.

Iran Air signs contract to buy 80 Boeing planes

Iran Air signs contract to buy 80 Boeing planes

Sun, Dec 11, 2016

Iran Air said on Sunday it had finalised a contract to buy 80 planes from US firm Boeing, the official IRNA news agency reported.

China faces battle over market economy status

China faces battle over market economy status

Sun, Dec 11, 2016

China`s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing`s deal to join the World Trade Organisation (WTO) expires on Sunday.

Donald Trump likely to name Exxon Mobil's CEO Rex Tillerson as secretary of state

Donald Trump likely to name Exxon Mobil's CEO Rex Tillerson as secretary of state

Sun, Dec 11, 2016

US President-elect Donald Trump is expected to name the chief executive of Exxon Mobil Corporation as the country`s top diplomat, a source familiar with the situation said on Saturday, an appointment that would put in place an official with close ties to the Russian government.

Big banks in US could see fat payday under Donald Trump

Big banks in US could see fat payday under Donald Trump

Sun, Dec 11, 2016

After eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more hospitable political climate in Washington next year.

Samsung to disable Galaxy Note 7 phones in recall effort

Samsung to disable Galaxy Note 7 phones in recall effort

Sat, Dec 10, 2016

Samsung announced on Friday it would disable its Galaxy Note 7 smartphones in the US market to force remaining owners to stop using the devices, which were recalled for safety reasons.

Saudis order oil cuts to US, Europe before non-OPEC talks

Saudis order oil cuts to US, Europe before non-OPEC talks

Sat, Dec 10, 2016

Saudi Arabia has told its US and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers would fully join OPEC`s output limits on Saturday in the first such move since 2001.

Tesla & McLaren now included in Takata airbag recall

Tesla & McLaren now included in Takata airbag recall

Sat, Dec 10, 2016

Cars produced by US electric automaker Tesla and Britain`s McLaren now are included in the sprawling safety recall for defective Takata airbags, the US Transportation Department said on Friday.

Won't allow H-1B visa holders to replace US workers: Donald Trump

Won't allow H-1B visa holders to replace US workers: Donald Trump

Sat, Dec 10, 2016

President-elect Donald Trump has said he would not allow Americans to be replaced by foreign workers, in an apparent reference to cases like that of Disney World and other American companies wherein people hired on H-1B visas, including Indians, displaced US workers.

Starbucks courts millennials with $10 coffee at new Reserve bars

Starbucks courts millennials with $10 coffee at new Reserve bars

Wed, Dec 07, 2016

Starbucks Corporation co-founder Howard Schultz`s plan to build a new prestige brand is a bet that moving upscale can raise the profile of the world`s largest coffee brand with millennials like Megan Sauers.

Donald Trump claims $50 billion SoftBank investment due to his election win

Donald Trump claims $50 billion SoftBank investment due to his election win

Wed, Dec 07, 2016

The head of Japan`s SoftBank Group Corporation, which in October set up a $100 billion fund for technology investments, said on Tuesday he would invest $50 billion in US businesses, a move President-elect Donald Trump claimed was a direct result of his election win.

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