Page 3332 - Business Finance
UN cuts peacekeeping budget by $610 mn
The UN has cut its peacekeeping budget by $610 million for the current year while the monthly payment to each peacekeeper will increase by $96 per month.
The prices of all foodgrains in the
The prices of all foodgrains in the wholesale foodgrain market here today. Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise): Thoor Dal Rs 6,900, Urad Dal Rs 7,000, Moong Dal Rs 7,000, Gram Dal Rs 4,800, Sugar Rs 3,700, Wheat Rs 2,900, Maida (90 kg) Rs 2,600 and Sooji (90 kg) Rs 3,000.
American statesman Kissinger to deliver speech on India-US ties
Former top American diplomat and national strategist Henry Kissinger will deliver a rare speech on the US-India relationship here next week. Kissinger, 95, would participate in Chairman's Dialogue with John Chambers, chairman of the US-India Strategic and Partnership Forum (USISPF) during its first annual Leadership Summit on July 12. The former secretary of state, who is one of the top statesmen, has had profound influence over America's national security and foreign policy over the past several decades. Kissinger is among one of the few individuals who are frequently consulted by President Donald Trump on issues relating to foreign policy and national security. "Kissinger has not spoken for a long time on this relationship. He is trusted by everybody. He's a great thinker and I think it's important to hear from him on the relationship between the two countries," USISPF president Mukesh Aghi told PTI ahead of the first annual celebrations of the year-old organisation. The summit ...
Maldives, Pakistan ink deal to cooperate in power sector
In a major setback to India, Pakistan and the Maldives have inked a Memorandum of Understanding (MoU) to support the island nation's infrastructure development in power sector.A four-member delegation of Maldives State Electric Company (STELCO), headed by its chairman Ahmed Aiman, was on a six-day state visit to Pakistan to learn from the experience of the country's Water and Power Development Authority (WAPDA) and benefit from its technical and human capabilities, according to the local media reports.The delegation met WAPDA chairman Muzammil Hussain at Wapda House in Lahore in Pakistan's Punjab province.Ahmed noted that STELCO which is the largest power producing company of Maldives is keen to learn from WAPDA.The MoU will facilitate the participation of STELCO staff in training activities of WAPDA, implementation of staff exchange programmes, participation in experience sharing and institution-building activities, exposure visits and facilitation of leadership development ...
Analysis: Trade worries fester, even as Wall Street shrugs off latest tariffs
SAN FRANCISCO (Reuters) - Wall Street has taken the China-U.S. tariffs enacted on Friday in stride so far, but investors are on alert for a ramp-up in the trade conflict.
Weinstein Co sales price increased by $2 million in push to close deal
(Reuters) - The Weinstein Co, its buyer and creditors on Friday said they reached a deal to increase the bankrupt film studio's sales price by $2 million, to $289 million, to ensure the deal goes through.
US launched 'biggest trade war in economic history', alleges China
China has alleged the United States (US) of commencing "the biggest trade war in economic history" as both the countries slapped tariffs worth billions of dollars on each other's exports.US' trade war with China officially began on Friday as the Trump administration imposed tariffs of USD 34 billion on Chinese imports, escalating a fight that could hurt companies and consumers in both the countries.Chinese goods being hit by US levies include cars, computer disk drives, pump and valve parts and LEDs.This prompted Beijing to respond with levies on US imports."China is forced to strike back to safeguard core national interests and the interests of its people," CNN Money quoted Chinese Commerce Ministry, as saying in a statement on Friday.It also accused the US of resorting to "typical trade bullying."China's retaliatory tariffs on the US goods would immediately go into effect on exports like soybeans, seafood, SUVs and crude oil.Beijing previously issued a list of American commodities, .
Duelling tariffs raise fears of long U.S.-China trade battle
BEIJING/WASHINGTON (Reuters) - The United States and China exchanged the first salvos in what could become a protracted trade war on Friday, slapping tariffs on $34 billion worth of each others' goods and giving no sign of willingness to start talks aimed at a reaching a truce.
Dueling tariffs raise fears of long U.S.-China trade battle
BEIJING/WASHINGTON (Reuters) - A U.S.-China trade fight resulting in duties on $34 billion worth of each other's imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.
U.S. job growth underscores economy's strength, tariffs a threat
WASHINGTON (Reuters) - The U.S. economy created more jobs than expected in June, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases this year.
U.S. jobs growth lifts Wall Street, offsetting tariffs
NEW YORK (Reuters) - U.S. stocks climbed on Friday, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong U.S. jobs growth blunted the impact of an escalating U.S.-China trade dispute.
Ahmedabad: CBI arrests 2 retd. bank officials in a loan fraud case
The Central Bureau of Investigation (CBI) on Friday arrested two senior retired officers of Bank of India in an alleged loan fraud of approximately Rs. 2,654 crore by a Vadodara-based firm.Both the arrested accused will be produced on Saturday before Ahmedabad Trial Court.According to CBI, allegedly the then AGM (who subsequently retired as General Manager) and the then DGM had shown undue favour in the sanction of the working capital limits to a Vadodara based private firm in the year 2008.It was also alleged that both the officials were responsible for processing and recommending the working capital limits to the tune of Rs. 53.40 crore (approx.), in violation of the guidelines of the bank.They were also allegedly responsible for disbursal of the limits, without ensuring the compliance of the conditions stipulated in the sanction.CBI had registered the case against the same.It was further alleged that the said private company engaged in the manufacture of cables and other electrical
US dollar declines amid jobs data
The US dollar went down as investors were sifting through the latest jobs data from the country.
Corrected - U.S. jobs growth lifts Wall Street, offsetting tariffs
NEW YORK (Reuters) - (Corrects bullet point to reflect that Dow rose 0.4 percent, not 0.6 percent)
World stock markets edge higher as U.S.-China trade tariffs kick in
NEW YORK (Reuters) - World stock markets rose and the euro climbed to a three-week peak on Friday as the threat of tariffs by the United States and China on billions of dollars of trade became a reality, though concerns about the conflict escalating capped the appetite for risk.
Italy aims to lift 2019 deficit/GDP target to around 1.4 percent - sources
ROME (Reuters) - Italy's new government plans to raise its deficit target for 2019 to around 1.4 percent of economic output against a goal of 0.8 percent drawn up by the previous administration, two sources said on Friday.
Tariffs on U.S.-made models will mean pricier BMWs in China
DETROIT (Reuters) - German luxury automaker BMW said on Friday that it will be unable to "completely absorb" a new Chinese 25 percent tariff on imported U.S.-made models and will have to raise prices on the vehicles it makes in Spartanburg, South Carolina.
India, Bhutan reaffirm commitment to hydropower cooperation (Roundup)
As India and Bhutan mark 50 years of diplomatic ties this year, the two sides reaffirmed their commitment to cooperation in the hydropower sector during a meeting between Prime Minster Narendra Modi and his Bhutanese counterpart Tshering Tobgay here on Friday.
Competition between BJP and rupee to see who will fall lower: Congress
Attacking Prime Minister Narendra Modi over the drop in the value of rupee, Congress on Friday said there seems to be a competition between the BJP and the rupee to see "who will fall lower".
19.83 pc growth in revenue collections in Q1 of this fiscal
: Telangana registered a 19.83 per cent growth inrevenue collections during the first quarter of the 2018-19 fiscal, an official release said. "The Chief Minister was informed that the state has achieved 19.83 percent growth in revenue collection during the first quarter of 2018-19 financial year," it said. In the last four financial years, Telangana registered the highest revenue growth in the country and it was a positive dimension for the state as the growth was continuing even in 2018-19, the release said. In the first quarter of the 2017-18 fiscal, the state achieved revenue of Rs 13,374.25 crore, while during the same period in 2018-19 fiscal, revenue was Rs 16,026.63 crore, it said. Meanwhile, the Chief Minister also said that from that from next academic year 119 BC Residential schools in addition to the existing ones would be started at the rate one for each assembly segment in the state.