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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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India mulls tariff hike on 20 US products to hit back in steel, aluminium duties row

India mulls tariff hike on 20 US products to hit back in steel, aluminium duties row

Sun, May 20, 2018

In a retaliatory move, India has told the WTO that it proposes to raise duties by up to 100 per cent on 20 products such as almonds, apple and specific motorcycles imported from the US from next month, if Washington does not roll back high tariffs on certain steel and aluminium items

India sixth wealthiest country with total wealth of $8,230 billion: Report

India sixth wealthiest country with total wealth of $8,230 billion: Report

Sun, May 20, 2018

India is the sixth wealthiest country in the world with a total wealth of USD 8,230 billion, while the US is the richest nation globally, says a report. According to the AfrAsia Bank Global Wealth Migration Review, the US is the wealthiest country in the world with a total wealth of USD 62,584 billion, followed by China (USD 24,803 billion) at the second place and Japan (USD 19,522 billion) at the third place

US sanctions on Iran unfavourable for India, says economist TN Srinivasan

US sanctions on Iran unfavourable for India, says economist TN Srinivasan

Sun, May 13, 2018

US President Donald Trump has recently announced that America will withdraw from the landmark 2015 accord to curb Iran's nuclear programme and reinstate financial sanctions on the Persian Gulf nation. "Current economic situation, although favourable, is dependent on external economic climate

US visa: 93% of H-4 approved work authorisation from India, says report

US visa: 93% of H-4 approved work authorisation from India, says report

Sat, May 12, 2018

US visa: Ninety-three per cent of granted applications for employment authorisation were issued to women; seven per cent to men, according to the report on H-4 visas by the independent Congressional Research Service of the US Congress, which prepares periodic reports on issues of interest to US lawmakers

Parents, children entering US illegally will be separated: Jeff Sessions

Parents, children entering US illegally will be separated: Jeff Sessions

Tue, May 08, 2018

US Attorney Jeff Sessions has said that Washington will take a stricter stance on illegal crossings at the Mexico border by separating parents from children, rather than keeping them together in detention centres, the media reported.

US H-1B visa: Democratic lawmakers oppose ending work permits for spouses

US H-1B visa: Democratic lawmakers oppose ending work permits for spouses

Thu, Apr 26, 2018

Top Indian-American Democratic lawmakers have vehemently opposed the Trump administration's plan to scrap an Obama-era rule allowing spouses of H-1B visa holders to work legally in the US. The Trump administration is planning to propose to end allowing spouses of H1-B visa holders to work legally in the US.

US H-1B visa row: Stopping work permits to H-4 visa holders opposed by lawmakers, IT industry

US H-1B visa row: Stopping work permits to H-4 visa holders opposed by lawmakers, IT industry

Wed, Apr 25, 2018

The opposition to the Trump administration's plans comes a day after the American media reported a letter from the US Citizenship and Immigration Services about its decision to terminate the Obama-era regulation that granted work permits to H-4 visa holders, spouses of H1-B visa holders, a majority of whom are Indian professionals, and are mostly women

US H1-B visas: In big setback for Indians, Trump admin set to end work permits for spouses

US H1-B visas: In big setback for Indians, Trump admin set to end work permits for spouses

Tue, Apr 24, 2018

US H1-B visas: The move to end the Obama-era rule could have an impact on more than 70,000 H-4 visas holders, who have work permits. H-4 is issued to the spouse of H-1B visa holders, a significantly large number of whom are high-skilled professionals from India. They had obtained work permits under a special order issued by the previous Obama administration. Indian-Americans were a major beneficiary of this provision. More than 100,000 H-4 visa holders have been beneficiary of this rule

US fund managers brace for trade war with focus on pricing power

US fund managers brace for trade war with focus on pricing power

Mon, Apr 23, 2018

So far, domestic small-to-mid-cap companies that get most of their revenues at home have weathered prospects of higher trade costs the best, with the Russell 2000 index of smaller companies up 2.8 percent for the year, nearly double the 1.5 percent gain in the larger-cap and more internationally-exposed S&P 500 index over the same time

US-China trade war to hurt global growth, says EIU

US-China trade war to hurt global growth, says EIU

Sun, Apr 22, 2018

According to the Economist Intelligence Unit (EIU) report, while global trade will be overshadowed by the ongoing dispute between China and the US, appetite for new free-trade deals will continue in the rest of the world including those involving India

US-China trade war to hurt global growth: EIU

US-China trade war to hurt global growth: EIU

Sat, Apr 21, 2018

According to the Economist Intelligence Unit (EIU) report, while global trade will be overshadowed by the ongoing dispute between China and the US, appetite for new free-trade deals will continue in the rest of the world including those involving India. "Our assumption that protectionism will rise, but that a trade war will be averted, means that global trade growth will continue to slow in 2019-22, to an average of 3.5 per cent a year," the EIU report said

US Vice President Pence says NAFTA deal possible in several weeks

US Vice President Pence says NAFTA deal possible in several weeks

Sun, Apr 15, 2018

Mike Pence told reporters its was possible that a deal would be reached in the next several weeks

Big setback for India; US adds India to currency watch list with China

Big setback for India; US adds India to currency watch list with China

Sat, Apr 14, 2018

US Treasury said the "monitoring list" includes those "major trading partners that merit close attention to their currency practices." In addition to India, the semi-annual report to Congress names five countries that continue on the list from October: China, Germany, Japan, Korea and Switzerland. Countries remain on the list for two report cycles "to help ensure that any improvement in performance versus the criteria is durable and is not due to temporary factors"

Gold hits one-week high on dollar weakness, geopolitical tensions

Gold hits one-week high on dollar weakness, geopolitical tensions

Wed, Apr 11, 2018

Russia and the United States tangled on Tuesday at the United Nations over the use of chemical weapons in Syria as Washington and its allies considered whether to strike at President Bashar al-Assad`s forces over a suspected poison gas attack last weekend.

Donald Trump says he sees an end to the escalating trade dispute with China

Donald Trump says he sees an end to the escalating trade dispute with China

Sun, Apr 08, 2018

Donald Trump said in a tweet. "Taxes will become reciprocal & deal will be made on Intellectual Property. Great future for both countries!" He added that he and Chinas President Xi Jinping "will always be friends, no matter what happens with our dispute on trade." US stocks plunged more than two per cent Friday after Trump warned of tariffs on an additional USD 100 billion of Chinese imports, provoking a strong response from Beijing and fanning fears of a full-blown trade war

US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China

US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China

Sat, Apr 07, 2018

This, despite the fact that the Dow plummeted 550 points yesterday amidst reports of a growing tension between the two largest economies of the world. US President Donald Trump yesterday ramped up his trade war rhetoric with China, seeking USD 100 billion in additional tariffs on Chinese products. This is in addition to the proposed 25 per cent import tariffs worth USD 50 billion on some 1,300 Chinese products being imported into the US

Trade deficit with India decreased in 2017; concerned over trade barriers: USA

Trade deficit with India decreased in 2017; concerned over trade barriers: USA

Thu, Apr 05, 2018

"The US goods trade deficit with India was USD 22.9 billion in 2017, a 5.9 per cent decrease (USD 1.4 billion) over 2016," said the National Trade Estimate 2018 released by the USTR. India is one of the few countries with which US' trade deficit has decreased in the last one year.

US-China trade war: Winners and losers from trade tit-for-tat

US-China trade war: Winners and losers from trade tit-for-tat

Thu, Apr 05, 2018

The trade tension brewing between the world`s two largest economies hit global markets, with shares of industrial companies with exposure to Chinese markets, such as Boeing Co and Deere & Co, among the hardest hit.

Facebook's major focus elections in India, US, Pakistan: Mark Zuckerberg

Facebook's major focus elections in India, US, Pakistan: Mark Zuckerberg

Thu, Apr 05, 2018

Several Indian states like Karnataka, Madhya Pradesh, Rajasthan and Chhattisgarh are scheduled to go for polls this year and the general elections are due in a little over a year from now. A day earlier, Mark Zuckerberg said Facebook had taken big steps by taking down Russia's Internet Research Agency (IRA) pages that were targeting the US.

US H1B visa: Indian IT companies dramatically cut filing, says US daily

US H1B visa: Indian IT companies dramatically cut filing, says US daily

Tue, Apr 03, 2018

San Francisco Chronicle's editorial board has said applicants for the H1B visa programme are anticipating the hardest process in many years. "That's affected both the applicants and the companies that employ them," it said. "Indian consulting firms, which have been accused of flooding the system with applications, have dramatically reduced their filings. Foreign nationals are exhibiting new reluctance to make the jump to a US company," the paper said as the process for filing H-1B visa application for the 2019 fiscal beginning October 1, kicked off

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