Page 75 - Reuters/14

US to proceed with probe of solar imports from India, Laos and Indonesia

Imports from India, Indonesia, and Laos surged to $1.6 billion last year, up from $289 million in 2022, according to the group

US goods trade deficit jumps sharply 22% to $103.6 billion in July

The Atlanta Federal Reserve is currently estimating GDP will increase at a 2.2 per cent rate in the third quarter

France, Germany reject Donald Trump's threats on EU tech legislation

Trump on Monday threatened to slap additional tariffs on all countries with digital taxes, legislation or regulations

EU likely to seek proof of gas origin to enforce Russian energy ban

The European Commission last month proposed legislation to phase out EU imports of Russian oil and gas by January 1, 2028

US consumer spending rises solidly in July as core inflation edges higher

Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.5 per cent last month after an upwardly revised 0.4 per cent gain in June

India's E20 ethanol fuel rollout sparks driver backlash; carmakers worry

India, the world's third largest car market, set a 2025 target years ago for 20% ethanol blending in fuel, called E20, as part of Prime Minister Narendra Modi's focus on clean energy

US ends low-value package tariff exemption, raising costs for shippers

The change broadens the Trump administration's cancellation of the de minimis exemption for packages from China and Hong Kong in May as part of an effort to halt shipments of fentanyl

3 clients, including Encalm, to end airport lounge contracts: Dreamfolks

Adani Digital and Semolina Kitchens will also terminate their contracts, Dreamfolks said in an exchange filing

India's GST cuts risk delay as states demand safeguards for revenue loss

Gross GST collections hit a record ₹22.1 trillion in fiscal year 2025, 9.4 per cent higher than a year earlier

India boosts US oil purchases on competitive prices, narrows trade deficit

The country's top refiner, Indian Oil Corp, has bought 5 million barrels of US West Texas Intermediate crude for delivery in October and November via a tender

Asian stocks rise on tech rally as markets await US inflation data

Markets in Asia latched on to the positive momentum on Friday as MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent

India's economy resilient but US trade policies a risk: RBI bulletin

Average headline inflation, meanwhile, is seen remaining significantly below the central bank's target of 4 per cent this financial year, according to the RBI bulletin

The 'land swap' that wasn't: Inside Trump's frantic dash for Ukraine peace

Picture that emerges from interviews is that Trump willing to move quickly on some foreign policy decisions, relying more on confidants and instinct than the traditional diplomatic channels

Meituan's loss warning spurs nearly $27 billion China's internet rout

China's food delivery leader issued its dire prediction after reporting "irrational competition" eradicated most of its profit in the June quarter

Nvidia CEO says AI boom far from over after tepid sales forecast

The founder and CEO's bullish outlook contrasts with recent signs of fatigue in AI-focused stocks and comments from industry leaders about overheated investor enthusiasm

Xi hosts Russia, North Korea, Iran and Myanmar at Beijing military parade

Myanmar junta chief Min Aung Hlaing, who rarely travels abroad, will also attend, the Chinese foreign ministry said on Thursday

Russian missiles hit Ukraine, damage EU mission and British council offices

Russia said its attack had hit military industrial facilities and air bases, and that Ukraine had also attacked Russian targets. The Kremlin said it was still interested in pursuing peace talks

US tariffs to worsen India's solar panel glut as domestic bidding slows

India's awards of solar generation projects and new tenders slowed dramatically in the quarter ended June

Centre extends cotton import duty exemption amid US tariff pressure

The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11 per cent duty until September-end and has now extended that to December 31

Asian markets waver as Nvidia slides despite strong earnings beat

MSCI's broadest index of Asia-Pacific shares outside Japan swung between gains and losses, and was last down 0.2 per cent