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Putin demands Donbas, no NATO or Western troops in Ukraine: Report

Speaking afterwards beside Trump, Putin said the meeting would hopefully open up the road to peace in Ukraine - but neither leader gave specifics about what they discussed

US examines equity stake in chip makers for CHIPS Act cash grants: Report

Trump administration has recently made unusual deals with US companies, including allowing AI chip giant Nvidia to sell H20 chips to China, exchange for the US government receiving 15% of those sales

Microsoft limits Chinese firms' early access to cybersecurity flaw data

The announcement from Microsoft follows a campaign of cyberattacks that Microsoft blamed on state-sponsored hackers in China who targeted security weaknesses in SharePoint servers

China rare earth exports rise to six-month high on July shipment surge

US Trade Representative Jamieson Greer said earlier this month that China was "about halfway there" in terms of returning magnet supplies to where they were prior to the controls

'Great honour' to host European leaders: Trump ahead of Ukraine meeting

US Vice President JD Vance, who attended Trump's meeting with Zelenskiy in February that ended in a remarkable clash, will also participate in today's talks, a source briefed on the matter said

Gold prices may see consolidation next week as focus shifts to Fed, US data

Gold prices are likely to witness a phase of consolidation in the coming week as traders weigh a mix of global economic indicators, cues from central banks and shifting geopolitical dynamics, analysts said. Traders will monitor US housing numbers, consumer price data from the UK and Eurozone, and provisional PMI releases from key economies. Also, investors will closely track European Central Bank's President Christine Lagarde speech as well as commentary by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, which will provide further insights for the broader trajectory of the bullion prices, they added. "Gold prices are likely to see some consolidation/correction in the coming week as focus now remains on the incoming US macroeconomic data and the Federal Reserve's meeting next month with interest rate cuts in focus. "In the week ahead the focus will be on US housing data, CPI numbers from the UK and the Euro zone and the provisional data on manufacturing/ services

Experts split on impact of new US tariffs on India's jobs, exports

The steep tariff imposed on Indian exports to the US has evoked concerns among staffing experts with some of them warning of an immediate jobs crisis while others believe India's domestic demand and trade diversification will help cushion the impact. "The recent imposition of additional US tariffs is expected to have a direct and substantial impact on India's employment landscape. This will especially impact those industries relying heavily on the US market for business continuity and growth," workforce solutions and HR services provider Genius HRTech founder, chairman and managing director R P Yadav told PTI. Sectors like textiles, auto components, agriculture, and gems and jewellery are the most vulnerable, with MSMEs bearing the brunt, said Yadav. He estimates that 2,00,000 to 3,00,000 jobs are at immediate risk, with textiles alone, which is labour-intensive, potentially losing 1,00,000 jobs, if the tariff regime continues beyond the next six months. "Similarly, in the gem and

Trump signals semiconductor tariffs within weeks, may reach 300%

The president has repeatedly promised that levies on chips and pharmaceuticals are coming within weeks, but no formal announcements have yet been made

China, US clash over destroyer near Scarborough Shoal amid rising tensions

In a statement, the Chinese military's Southern Theatre Command said the USS Higgins had entered the waters "without approval of the Chinese government" on Wednesday

Nvidia, AMD China revenue deal could be model for others, says Bessent

Asked about reporting that China is urging its companies to avoid the Nvidia H20 processors now allowed for its market, Bessent said "sure, we can discuss that" with the Chinese

S&P 500, Nasdaq near record highs on hopes of Fed rate cut in September

Treasury Secretary Scott Bessent also said he thought an aggressive half-point cut was possible given recent weak employment numbers

Dollar extends losses as Fed rate cut hopes and political pressure grow

The dollar index, measuring the currency against a basket of peers, fell 0.2 per cent to 97.81, its lowest since July 28, extending its 0.5 per cent drop on Tuesday

Donald Trump says gold imports won't be tariffed in reprieve for market

Gold futures traded on New York's Comex and the global benchmark for spot prices in London were little-changed after Trump's post

Explosion at US Steel plant in Pennsylvania leaves 1 dead, dozens hurt

An explosion on Monday at a US Steel plant near Pittsburgh has left dozens wounded and people trapped under the rubble, with emergency workers on site trying to rescue them, officials said. There are no confirmed fatalities at the Clairton Coke Works, said Abigail Gardner, director of communications for Allegheny County. The Allegheny County Emergency Services said a fire at the plant started around 10:51 am and that it has transported five people. The agency did not provide any more details on those people transported and would only say it was an active scene. The plant, a massive industrial facility along the Monongahela River south of Pittsburgh, is considered the largest coking operation in North America and is one of four major US Steel plants in Pennsylvania that employ several thousand workers. In recent years, the Clairton plant has been dogged by concerns about pollution. In 2019, it agreed to settle a 2017 lawsuit for $8.5 million. Under the settlement, the company agreed

Trump says 'we'll see what happens' on August 12 deadline for China tariffs

US Treasury Secretary Scott Bessent has said that Washington has the makings of a deal with China and he was "optimistic" about the path forward

Lithium stocks rally as CATL mine halt raises prospects of tighter supply

In premarket trading, Albemarle Corp jumped nearly 9 per cent, while Chile's Sociedad Quimica y Minera rose 6.5 per cent and Lithium Americas gained nearly 9 per cent

Isro to launch 6,500 kg US-made communication satellite from India

After marking a humble beginning in the Indian space programme with a tiny rocket supplied by the United States, ISRO would launch a 6,500 kg communication satellite built by the US in the next couple of months, the chairman of the space agency, V Narayanan said on Sunday. Following the historic launch of NASA-ISRO Synthetic Aperture Radar (NISAR) mission onboard a GSLV-F16 rocket on July 30, ISRO would be launching another satellite for the United States, he said at an event near Chennai. Narayanan, who is also the secretary of Department of Space, was presented with the honorary degree of Doctor of Science, by the Governor of Maharashtra C P Radhakrishnan, during the 21st Convocation of SRM Institute of Science and Technology at Kattankulathur near Chennai. In his acceptance speech, Narayanan recalled that the ISRO was set up in 1963 and the country was 6-7 years behind advanced countries then. In the same year, a tiny rocket was donated by the United States marking the beginnings

Trump to realise trade policy failure within 6-9 months, says EAC-PM member

Economic Advisory to the Prime Minister (EAC-PM) member Neelkanth Mishra on Friday said in the next 6-9 months US President Donald Trump will figure out that his tariff policy is not working. On August 6, the US announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27. The White House said the measure responds to India's continued purchase of Russian oil. "It is reasonably clear that in the next 6-9 months, they will figure out that it (tariff policy) is not working," Mishra said while speaking at the Business Today India@100 event. He noted that the US government's decision to announce additional 25 per cent tariff on all Indian imports is an attempt to break away from India. "This (Trump) regime is acting in a way that it is very hard to understand who is taking decisions," Mishra said. The EAC-PM member observed that the Indian economy is unlikely to grow at 9-10 per cent

Trump weighs $30 bn Fannie Mae and Freddie Mac IPO for later this year

Plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock with an offering expected to raise about $30 billion

US gold bar tariffs spark market turmoil and price surge in New York

Gold futures in New York which are backed by those forms of bullion surged to a record high, as traders, analysts and executives across the industry were left reeling