Business

The United States demonstrates one of the world’s largest disparities between its outbound visa-free privileges and inbound visa requirements. (AI image) It’s a historic low for the US passport! For the first time since Henley Passport Index started releasing passport rankings almost 20 years ago, the US passport has dropped out of the top 10…

Gold and silver are expected to maintain strong momentum in the coming months, driven by robust central bank demand, shifts in US monetary policy, and supply constraints, according to Nilesh Shah, Managing Director of Kotak Asset Management Company (AMC).Shah highlighted that central bank purchases, both in gold and potentially silver, remain a key driver for…

Federal Reserve Chair Jerome Powell warned on Tuesday that the sharp slowdown in US hiring poses increasing risks to the economy, suggesting the central bank may reduce its key interest rate two more times before the year ends.In written remarks ahead of a meeting of the National Association of Business Economics in Philadelphia, Powell noted…

The US-China trade war took a sharper turn this week, with US Treasury Secretary Scott Bessent accusing Chinese President Xi Jinping’s regime of making “provocative,” economic moves after Beijing tightened export controls on rare earth minerals.Speaking to Fox Business on Monday, Bessent said the move was a direct challenge to the global economy, “This is…

US President Donald Trump on Tuesday claimed that China is “purposefully” not buying the soybeans from their farmers, and this is the reason they are considering terminating the business with Beijing.Calling China’s deliberate work an “economically hostile act,” Trump said that they can make the cooking oil themselves and don’t need China for that. In…

Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…

The Indian rupee fell 13 paise to close at an all-time low of 88.81 against the US dollar on Tuesday, pressured by weak domestic equities and a firm dollar amid global risk-off sentiment, according to market sources.Forex traders said foreign fund outflows amid risk-averse global conditions further dented investor sentiment. However, a drop in crude…

LG India MD Hong Ju Jeon (Screengrab-PTI) LG Electronics India made a striking debut on the National Stock Exchange (NSE) and BSE on Tuesday, but it was managing director Hong Ju Jeon’s decision to deliver his entire speech in Hindi that stole the spotlight.Jeon, who took charge as MD of LG Electronics India in January…

LG IPO performance stands as the most impressive among Indian offerings exceeding one billion dollars since 2021. (AI image) LG Electronics India on Tuesday had a stellar listing on the stock exchanges NSE and BSE, debuting at a whopping premium of 50% above its share price issue. Trading commenced at Rs 1,715 on BSE and…

Wall Street stocks slipped in early trading on Tuesday as trade tensions with China resurfaced, putting pressure on major indices. The S&P 500 fell 1 per cent, the Dow Jones Industrial Average slipped 383 points or 0.8 per cent, and the Nasdaq composite shed 1.5 per cent as of 9:57 a.m. Eastern time, AP reported.The…