Tag Archives: US

US is well on its way to Trump’s goal of ‘energy dominance,’ says Marathon Petroleum CEO

President Donald Trump’s goal of making the United States a global superpower in energy is starting to come true, Marathon Petroleum Corp. Chairman and CEO Gary Heminger told CNBC on Tuesday. “When I look at the president’s theme to begin with and the beginning of his administration, he wanted to have energy dominance in the U.S. and I believe that ... Read More »

Saudi Arabia says kingdom to prosecute Khashoggi killers, lauds US ties

Saudi Arabia’s Foreign Minister Adel al-Jubeir said on Saturday that those behind the killing of journalist Jamal Khashoggi would be prosecuted in the kingdom and that the investigation would take time. Jubeir told a security summit in Bahrain that Riyadh’s relations with the United States were “ironclad” amid what he described as “media hysteria” over the killing of Khashoggi at ... Read More »

Australia warned China against ‘intimidation’ in the South China Sea after a tense standoff with a US destroyer

Australia is warning Beijing not to use “intimidation or ­aggressive tactics” after a Chinese destroyer challenged a US Navy warship during a tense standoff in the South China Sea. The Chinese ship faced off with the US Navy’s Arleigh Burke-class destroyer USS Decatur on Sunday during a close encounter near Gaven Reef in the disputed Spratly Islands. US officials described the showdown as “unsafe,” claiming that the ... Read More »

Rupee trades marginally higher against US dollar

So far this year, the rupee has weakened 7%, while foreign investors have sold $410.30 million and $5.62 billion in equity and debt markets, respectively. Photo: Mint Mumbai:The Indian rupee on Wednesday was trading marginally higher against the US dollar, tracking gains in local equity markets. At 9.12am, the rupee was trading at 68.64 a dollar, up 0.05% from its ... Read More »

Market holds out hope someone will blink before China and US take another step toward a trade war

Andy Wong | AP In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping. The stock market is waiting to see who might blink first in the week ahead — the White House or Beijing. From all appearances, the U.S. is moving ahead to put tariffs on $34 billion in Chinese goods ... Read More »

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 »