Business

Switzerland on Friday announced plans to invest $200 billion in the US through 2028 after finalising an agreement with the Trump administration to sharply reduce tariffs on Swiss goods.Economy Minister Guy Parmelin said the US has agreed to bring tariffs on most Swiss products down to 15%, matching the rate imposed on the European Union,…

The Reserve Bank of India (RBI) on Friday announced a sweeping set of trade relief measures aimed at easing the pressure on exporters battling global headwinds, supply-chain delays and tightening liquidity, according to an ANI report.The relief package — effective immediately — expands export timelines, relaxes credit norms and grants temporary leeway on loan repayments…

US stocks extended their sharp decline on Friday, with Wall Street’s highfliers — led by Nvidia and bitcoin-linked plays — continuing to lose steam, pushing the S&P 500 towards a second straight heavy loss. The index was down 1.1% in early trading, following one of its worst sessions since the spring sell-off that triggered a…

India has asked Russia to fast-track approvals for Indian exporters –including expedited listing of domestic establishments and quicker registration of marine and pharmaceutical products — as part of a broader push to expand two-way trade, the commerce ministry said on Thursday.Commerce secretary Rajesh Agrawal, currently in Moscow, stressed the need for “confidence-building measures to unlock…

India’s foreign exchange reserves fell for the third consecutive week, slipping by $2.699 billion to $687.034 billion for the week ended November 7, according to data released by the Reserve Bank of India (RBI) on Friday.The forex kitty had already declined by $5.623 billion in the previous week to $689.733 billion, extending what has become…

Hiring activity across India’s private sector improved marginally in the first 10 months of 2025, supported by stronger demand, healthier order books and a steady revival in business sentiment. An ET analysis of HSBC and S&P Global Market Intelligence data shows that the jobs component of the seasonally adjusted HSBC India PMI rose to 53.8…

India’s move to scrap Quality Control Orders (QCOs) on a wide basket of raw materials across textiles, plastics and mining has brought immediate relief to manufacturers, even as the Global Trade Research Initiative (GTRI) has urged the government to keep a tight watch on possible import surges, ANI reported.The withdrawal, notified on November 13, eliminates…

China’s consumer spending lost further momentum in October, with official figures showing the weakest pace of retail growth in more than a year.The numbers, released on Friday highlight the difficulty authorities are facing as they try to lift confidence among households still reluctant to spend.According to the National Bureau of Statistics (NBS), retail sales were…

Wholesale inflation slid further into the negative zone in October, with the Wholesale Price Index (WPI) falling to (-)1.21%, as prices of food items, fuel and several manufactured goods continued to ease, latest government data showed on Friday.WPI inflation had stood at 0.13% in September and 2.75% a year earlier, according to PTI.According to the…

South Korea and the US have reached an agreement, covering areas such as nuclear power, tariff concerns, AI and more.South Korean President Lee Jae Myung on Friday announced that the two nations have finalised a joint face sheet agreement on trade and security issues. The deal with bring down US import duties on South Korean…