Tag Archives: US

Xi can make life difficult for US companies like Apple, Walmart after Trump’s threat

China doesn’t import enough from the US to be able to match Donald Trump’s tariff threats dollar for dollar. Instead, President Xi Jinping can have American companies doing business there squeezed in a multitude of other ways. With companies from Apple Inc to Walmart Inc and General Motors Co. all operating in China and looking to expand, that gives Xi ... Read More »

China files trade complaint with WTO against US steel tariffs

China has filed a World Trade Organization complaint challenging US President Donald Trump’s tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping’s government. Trump also has threatened to increase duties on $50 billion of Chinese goods in a separate ... Read More »

Rupee dives, market cautious! How a hike in US Fed rates today can impact India

The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points. Ahead of the meeting yesterday, anticipating higher rates, not only ... Read More »

The real danger to the US economy in Trump’s trade policy

Photo by Andrew Harrer-Pool/Getty Images Gary Cohn resigned on Tuesday as director of the National Economic Council. His departure came in the wake of losing the policy argument over sweeping new taxes on imported steel and aluminum. Cohn’s surprise resignation is a valuable reminder that the real risk with this Trump initiative isn’t the tariffs themselves — it’s what happens ... Read More »

US stocks open flat amid investor caution

The broad-based S&P 500 was down less than 0.1 per cent at 2,730.36 while the tech-rich Nasdaq Composite Index lost a hair to 7,254.87. NEW YORK: Wall Street stocks were flat in early trading Friday, threatening a five-day winning streak in a sign investors remain somewhat cautious after the volatility in equities this month. About 15 minutes into trading, the Dow Jones Industrial Average ... Read More »

Apple Plans New US Campus, Says Will Spend $350 Billion Over Next 5 Years

Apple has for years faced scrutiny and criticism around the world for its tax policies (Reuters) Apple, the world’s most valuable company, said Wednesday it will spend $350 billion in development and create 20,000 jobs in the United States in the next five years, outlining for the first time how it will invest in the U.S. economy following the new ... Read More »

Indian Online Portal, Wholesale Market Listed As “Notorious” By The US

WASHINGTON:  Popular Indian portal IndiaMart.com and Delhi’s wholesale market Tank Road have featured in the annual American notorious markets list which was released on Friday and is topped by China. The list released by the US Trade Representative (USTR) highlights 25 online markets and 18 physical markets around the world that are reported to be engaging in and facilitating substantial copyright ... Read More »

H-1B Visa Holders Drive Innovation, Help Build US Economy: American Lawmakers

Hundreds of thousands of Indians on H-1B visas drive innovation, build and strengthen the US economy WASHINGTON:  Asserting that H-1B visa holders drive innovation and help build and strengthen the American economy, top US lawmakers today backed the Trump administration’s decision that it was not considering any proposal which would force such people to leave the country. “H-1B visa holders, many ... Read More »

China to overtake US economy by 2032 as Asian might builds: report

The growing importance of Asia’s major economies will continue in 2018 and beyond, according to a league table that sees the region dominating in terms of size in just over a decade. The report by the Centre for Economics and Business Research in London sees India leapfrogging the UK and France next year to become the world’s fifth-biggest economy in dollar ... Read More »

Thank You for Calling Equifax. Your Business Is Not Important to Us

You shouldn’t need to do a damn thing to keep your credit information safe. We’re all accustomed to the busywork of managing personal finances. You check your 401(k) retirement account, making sure your portfolio is carefully balanced. You scan your bank and credit card statements from time to time to verify the charges. These are things responsible people do. But ... Read More »