US Ambassador to India Kenneth Juster (centre) arrives with Assistant US Trade Representative for South and Central Asia Christopher Wilson (right) and Brendan Lynch for a meeting with Indian officials in New Delhi. Associated Press
When US Secretary of State Mike Pompeo sits down with India’s prime minister on Wednesday he will be trying to chart a path that keeps the Asian ally onside politically even as the two countries are at loggerheads over trade.
China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods.
The White House said on Friday that President Donald Trump is delaying a decision by up to six months on whether to impose tariffs on imported cars and parts to allow for more time for trade talks with the European Union and Japan.
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.
World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and some more liberal helpings of stimulus kept investors charging back in.
The Dubai Financial Services Authority (DFSA) announced on Tuesday a number of initiatives aimed to provide significant assistance and regulatory relief to the Dubai International Financial Centre’s (DIFC) financial services community.
Indian refiners are likely to continue prompt export of refined fuels for at least another two weeks to avoid a complete shutdown after the coronavirus lockdown hit local demand, company officials said.