Page 7 - Us Market

Honda Motorcycle starts export of NAVi bike to the US market

Honda Motorcycle & Scooter India (HMSI) on Tuesday said Honda de Mxico has initiated exports of NAVi bike to the US market. HMSI had commenced export of NAVI CKD kits to Mexico in July 2021 and has so far dispatched over 5,000 kits to the country. "The NAVi deliveries to the US market via Honda Mexico has further strengthened our export portfolio in advanced markets, the new expansion has given us an opportunity yet again to set new standards of global manufacturing quality in India," HMSI Managing Director, President and CEO Atsushi Ogata said in a statement. Honda NAVi is a crossover, which combines the advantages of a scooter with the characteristics of a motorcycle. The product that originated from India is garnering a cult following with great success in overseas markets. HMSI started NAVi exports in 2016. Since then, the company has dispatched over 1.8 lakh to 22 diverse export markets led by Asia, Middle East and Latin America.

Cipla receives USFDA nod to market Lanreotide injection in US market

Drug major Cipla on Sunday said it has received approval from the US health regulator to market the Lanreotide injection, used for the treatment of acromegaly and gastroenteropancreatic neuroendocrine tumors, in the American market.

A brave new world of banking

The idea that a bank's lending function must be separate from its monetary function is gaining traction in the US

Analysis: Why the Federal Reserve might welcome a bond market tantrum

Even with growth tipped to surpass 6% this year and a "taper" in sight for the Fed's bond-buying programme at the end of this year, 10-year yields are still stuck at just above 1.3%

Wall St falls as oil, tech losses outweigh retail cheer; Dow drops 130 pts

Retail sales unexpectedly rise in August; Tesla falls as Ark dumps shares

US economy adds just 235,000 jobs in August amid Delta surge, a 7-month low

Employment in leisure and hospitality was flat in August

US' Q2 economic growth revised slightly higher; weekly jobless claims rise

Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for the April-June quarter

Gold prices fall 1-week low on firm US dollar, rebounding treasury yields

The U.S. dollar traded close to its highest since the start of the year, making gold more expensive for holders in other currencies.

HealthifyMe raises Rs 560 crore, aims to tap North America market

Leading AI health and fitness app HealthifyMe on Tuesday announced it has raised $75 million (nearly Rs 560 crore) in a Series C round led by LeapFrog and Khosla Ventures.

FCC votes to finalise programme to replace Huawei equipment in US networks

The FCC's final order expands the companies eligible for reimbursement from those with 2 million or fewer customers to those with 10 million or fewer customers.

Gold price holds tight range as traders seek direction from US data

Spot gold was up 0.3% at $1,811.95 per ounce by 1208 GMT. U.S. gold futures were 0.2% higher at $1,809.80.

Lupin launches generic antifungal Tavaborole Topical Solution in US market

Drug maker Lupin on Tuesday said it has launched antifungal product Tavaborole Topical Solution in the US market.

Best of BS Opinion: US mkt exceptionalism, fall in urban male jobs & more

Here are the best of Business Standard's opinion pieces for Tuesday

US market exceptionalism

A bet on US outperformance is a bet on tech, which is near the end of its own hype cycle

Wall St opens higher as attention shifts to key US business surveys

Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.

Wall Street opens higher after data signals improving labour market

Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession

Oil steadies after sell-off as US stockpiles rise less than expected

Crude inventories in the United States increased by 1.3 million barrels last week, against analysts' expectations for a 1.6 million-barrel rise

S&P 500, Dow slip as telecom stocks eclipse upbeat results from retailers

Despite strong results, Home Depot's shares came under pressure due to the lack of a solid outlook and disappointing housing data.

Federal Reserve unlikely to change its stance in the near term: Analysts

Say volatility in India and other markets due to inflationary pressure in the US likely to be transitory

Tesla's market value set to gain $50 billion on record EV deliveries

The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.