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US President Joe Biden to host trilateral summit with South Korean , Japanese leaders in August: White House US President Joe Biden will host a trilateral summit with his South Korean counterpart Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida in Washington on August 18, the White House said. "At the summit (in Camp David), the leaders will celebrate a new chapter in their trilateral relationship as they reaffirm their strong bonds of friendship and the ironclad alliances between the US and Japan, and the US and the Republic of Korea," Yonhap News Agency quoted White House press...
US President Joe Biden to host trilateral summit with South Korean , Japanese leaders in August: White House
US President Joe Biden to host trilateral summit with South Korean , Japanese leaders in August: White House
Source: IANS
29/07/2023 10:25:58 AM
Eric Garcetti is being just the ambassador he said he would be Eric Garcetti was very clear from the very start what kind of ambassador he will be in India: someone who will not hesitate to rise to the defence of human rights and democracy. And that's what he did recently when asked about the situation in Manipur, although he did in the end cover his flanks well, saying India is for Indians to determine. Garcetti is a politician and his last job was as Mayor of Los Angeles, the second largest city in the US, Los Angeles. And unlike a profession...
Eric Garcetti is being just the ambassador he said he would be
Eric Garcetti is being just the ambassador he said he would be
Source: IANS
23/07/2023 11:36:16 AM
Yoon Suk Yeol, Joe Biden, Kishida to hold summit in US on Aug 18 South Korean President Yoon Suk Yeol will hold a trilateral summit with his US counterpart Joe Biden and Japanese Prime Minister Fumio Kishida at Camp David, near Washington, on August 18, sources said on Thursday. The three leaders are expected to discuss ways to strengthen deterrence against North Korea's nuclear and missile threats during the summit at the US presidential retreat in Maryland, reports Yonhap News Agency. The presidential office acknowledged in a notice to reporter...
Yoon Suk Yeol, Joe Biden, Kishida to hold summit in US on Aug 18
Yoon Suk Yeol, Joe Biden, Kishida to hold summit in US on Aug 18
Source: IANS
20/07/2023 2:36:36 PM
Washington D.C. to include Sikhism as part of school curriculum Students in Washington D.C. will now have a chance to learn about the Sikh community with the District of Columbia State Board of Education voting in favour of new social studies standards that will include Sikhi, or the Sikh faith, in the school curriculum. With this development, Washington D.C. will now join 17 states in the US to incorporate accurate information about Sikhs into their social studies standards for public schools. The new standards will give approximately 49,800 studen...
Washington D.C. to include Sikhism as part of school curriculum
Washington D.C. to include Sikhism as part of school curriculum
Source: IANS
8/07/2023 3:56:35 PM
Semiconductor announcements during Narendra Modi`s US visit to create up to 1 lakh direct jobs: MoS IT The three key announcements in the semiconductor sector during Prime Minister Narendra Modi's US visit will create a minimum 80,000 to 1 lakh direct jobs in India, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Friday. Addressing a press conference here, the Minister said the investments in the semiconductor sector will also help create several thousands indirect jobs in the overall supply chain. "The electronics industry created 10-12 lakh jobs i...
Semiconductor announcements during Narendra Modi`s US visit to create up to 1 lakh direct jobs: MoS IT
Semiconductor announcements during Narendra Modi`s US visit to create up to 1 lakh direct jobs: MoS IT
Source: IANS
23/06/2023 3:41:59 PM
Micron to set up $2.75 bn semiconductor facility in India Micron Technology on Thursday announced to set up a new $2.75 billion semiconductor assembly and test facility in Gujarat, a day after Prime Minister Narendra Modi met Sanjay Mehrotra, the Indian-American President and CEO of Micron, in Washington DC during his state visit to the US. Micron's investment will be up to $825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years. Under the gove...
Micron to set up $2.75 bn semiconductor facility in India
Micron to set up $2.75 bn semiconductor facility in India
Source: IANS
23/06/2023 12:30:17 PM
Prime Minister narendra Modi meets top American CEOs, seeks technological collaboration Prime Minister Narendra Modi, who is currently on a state visit to the US, met a cross section of American CEOs in Washington and sought their technological collaboration in India. In a series of back-to-back meetings on Wednesday, Modi first met president and CEO of Applied Materials Gary E. Dickerson and invited his company to contribute towards strengthening the semiconductor ecosystem in India and also to develop process technology and advanced packaging capabilities. Modi and Dicke...
Prime Minister narendra Modi meets top American CEOs, seeks technological collaboration
Prime Minister narendra Modi meets top American CEOs, seeks technological collaboration
Source: IANS
22/06/2023 11:09:34 AM
Asia stocks subdued after Powell testimony fails to surprise Asian shares made a tentative start to Thursday after Federal Reserve chair Jerome Powell stuck to his recent hawkish tone as investors assess the future rate policy path from the Fed. MSCI's broadest index of Asia-Pacific shares outside Japan was marginally lower at 522.93. The index is down over 2% for the week and set to snap its three week winning run. Australia's S&P/ASX 200 index lost 1.17%, while Japan's Nikkei eased 0.25%. China and Hong Kong stock markets are cl...
Asia stocks subdued after Powell testimony fails to surprise
Asia stocks subdued after Powell testimony fails to surprise
Source: Reuters
22/06/2023 9:03:19 AM
India unlikely to get U.S. exemption on steel, aluminium tariffs-sources -India has asked the United States for an exemption from U.S. steel and aluminium tariffs, in exchange for removing some tariffs on U.S. agricultural goods but Washington is not seriously considering the offer, sources familiar with the discussions said. Negotiators in New Delhi and Washington have been in talks, hoping to reach an agreement during Indian Prime Minister Narendra Modi's visit to the United States later this month, with Indian officials offering to withdraw retaliatory t...
India unlikely to get U.S. exemption on steel, aluminium tariffs-sources
India unlikely to get U.S. exemption on steel, aluminium tariffs-sources
Source: Reuters
9/06/2023 8:58:09 AM
NASA to invest $45mn in small biz to develop tech for future missions NASA plans to invest $45 million in funding to more than 200 small businesses to develop new technologies designed to protect the health of astronauts, lower risk of collision damage to spacecraft, the US space agency has said. The new awards from NASA's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programme invests in a diverse portfolio of American small businesses and research institutions to support NASA's future missions. For first...
NASA to invest $45mn in small biz to develop tech for future missions
NASA to invest $45mn in small biz to develop tech for future missions
Source: IANS
8/06/2023 3:07:18 PM
Oil prices rise as Congress approves US debt ceiling bill Oil prices rose on Friday amid bullish sentiment following the passage of a U.S. debt ceiling bill in Washington, while markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend. Brent crude futures rose 34 cents, or 0.46% to $74.62 a barrel by 0302 GMT, while U.S. West Texas Intermediate crude (WTI) rose 30 cents, or 0.43%, to $70.40, following two consecutive days of losses. Markets were reassured by Congress' passage of a bill suspending the U.S. g...
Oil prices rise as Congress approves US debt ceiling bill
Oil prices rise as Congress approves US debt ceiling bill
Source: Reuters
2/06/2023 9:02:52 AM
Exclusive-US set to allow GE to make engines in India for New Delhi`s military jets The Biden administration is poised to sign off on a deal that would allow General Electric Co to produce jet engines powering Indian military aircraft in that country, according to three people briefed on the decision. A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian Prime Minister Narendra Modi for an official state visit on June 22, the people said on condition of anonymity because the decision has no...
Exclusive-US set to allow GE to make engines in India for New Delhi`s military jets
Exclusive-US set to allow GE to make engines in India for New Delhi`s military jets
Source: Reuters
1/06/2023 8:59:42 AM
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant South Korea's Hyundai Motor Group and LG Energy Solution said on Friday they will invest 5.7 trillion won ($4.3 billion) in a battery cell plant in the United States, with an aim to begin operations in 2025. The two companies will set up a 50:50 joint venture within this year to build the plant with an annual capacity of 30 gigawatt-hours near Hyundai Motor Group's dedicated electric vehicle (EV) and battery plant under construction in Georgia, they said in separate statements....
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
Source: IANS
26/05/2023 3:27:14 PM
FM Nirmala Sitharaman meets IMF`s Gita Gopinath, discusses downside risks to economy Union Finance minister Nirmala Sitharaman met IMF Deputy Managing Director Gita Gopinath in Washington D.C., during which she noted the monetary body's concerns on key downside risks to the economy including financial sector stress, inflation and geo-political fragmentation as well as faltering growth in China. The meeting took place on Tuesday on the sidelines of the IMF-World Bank Spring Meetings. According to the Finance Ministry, Sitharaman congratulated Gopinath for acceleratin...
FM Nirmala Sitharaman meets IMF`s Gita Gopinath, discusses downside risks to economy
FM Nirmala Sitharaman meets IMF`s Gita Gopinath, discusses downside risks to economy
Source: IANS
12/04/2023 10:35:05 AM
Central banks in spotlight as US authorities focus on stability, First Republic  U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank, as central banks consider whether recent banking sector turmoil has reduced the need for interest rate rises. With market volatility easing, Wednesday's Federal Reserve meeting is in focus, with traders split over whether the U.S. central bank will be forced to pause its hiking cycle. The Fed, whose relentless rate hikes to rein in inflat...
Central banks in spotlight as US authorities focus on stability, First Republic
Central banks in spotlight as US authorities focus on stability, First Republic
Source: Reuters
22/03/2023 3:15:43 PM
India`s Karnataka government approves $968 million investment from Foxconn unit  The southern Indian state of Karnataka has approved an 80 billion rupee ($967.91 million) investment in the state by a unit of Taiwan's Foxconn. The investment will lead to the creation of 50,000 jobs, the government said in a statement on Monday. Foxconn, the world's largest contract electronics manufacturer, has been in discussions with Indian states, but has not announced any investment plans so far in Karnataka. Foxconn did not immediately respond to Reuters' re...
India`s Karnataka government approves $968 million investment from Foxconn unit
India`s Karnataka government approves $968 million investment from Foxconn unit
Source: Reuters
21/03/2023 4:30:36 PM
Jyotiraditya Scindia launches non-stop flight between Mumbai and San Francisco Civil Aviation Minister Jyotiraditya Scindia on Thursday launched first-ever non-stop flight between Mumbai and San Francisco. Air India will operate the flight three times a week on Tuesdays, Thursdays, and Saturdays with the newly-inducted Boeing 777-200LR aircraft. This will take Air India's India-US frequency to 40 non-stop flights per week. Presently, Air India operates non-stop flights from Mumbai to Newark, from Delhi to New York, Newark, Washington DC, San Francisco, and Chi...
Jyotiraditya Scindia launches non-stop flight between Mumbai and San Francisco
Jyotiraditya Scindia launches non-stop flight between Mumbai and San Francisco
Source: IANS
16/12/2022 10:18:00 AM
World's 1st Intranasal Covid vax from Bharat Biotech gets CDSCO approval Leading vaccine maker, Bharat Biotech International Limited (BBIL) on Monday announced that world's first intranasal vaccine for Covid-19, iNCOVACC (BBV154), has received approval from the Central Drugs Standard Control Organisation (CDSCO) under Restricted Use in Emergency Situation for ages 18 and above, in India, for heterologous booster doses. iNCOVACC is a recombinant replication deficient adenovirus vectored vaccine with a pre-fusion stabilised SARS-CoV-2 spike protein. This vacc...
World's 1st Intranasal Covid vax from Bharat Biotech gets CDSCO approval
World's 1st Intranasal Covid vax from Bharat Biotech gets CDSCO approval
Source: IANS
29/11/2022 10:07:10 AM
Samsung appoints ex-trade minister as one of its 2 new outside directors Samsung Electronics on Thursday appointed a former trade minister as one of its two new outside directors at its extraordinary general meeting. Samsung said its shareholders approved the appointment of Yoo Myung-hee -- a former trade minister and deputy minister in charge of negotiations for free trade agreements -- as its new outside director. In June 2020, Yoo was nominated for the director-general of the World Trade Organization but eventually withdrew her bid for the top job in Febr...
Samsung appoints ex-trade minister as one of its 2 new outside directors
Samsung appoints ex-trade minister as one of its 2 new outside directors
Source: IANS
3/11/2022 12:08:27 PM
Karnataka best for industries moving out of China, Europe : Finance Minister Nirmala Sitharaman  Union Minister for Finance Nirmala Sitharaman stated on Wednesday that for industries which are moving out from China and Europe, Karnataka is the best place for investments. Sitharaman was delivering her keynote address at the inaugural session of the three-day Global Investors' Meet (GIM). "They are moving out to other destinations which are offering more than just tax incentives. Karnataka is the major job generator in the country. While contributing 8.8 per cent to th...
Karnataka best for industries moving out of China, Europe : Finance Minister Nirmala Sitharaman
Karnataka best for industries moving out of China, Europe : Finance Minister Nirmala Sitharaman
Source: IANS
2/11/2022 5:09:48 PM
US prioritises ties with India US President Joe Biden's administration unveiled the US National Defence Strategy 2022 on October 27. It lists plans to boost its defence ties with India to deter Chinese aggression in the region. The latest Defence Strategy states that China presents the most consequential and systemic challenge, while Russia poses acute threats to vital US national interests abroad and to the homeland. "The world is changing. We're at a significant inflection point in world history. And o...
US prioritises ties with India
US prioritises ties with India
Source: IANS
31/10/2022 4:50:35 PM
Australia's economic outlook to be downgraded: Treasurer  Australian Treasurer Jim Chalmers on Monday warned the country is facing an economic downgrades amid global uncertainty. Ahead of delivering his first federal budget on Oct. 25, Chalmers said the global economy is on an "increasingly perilous path", reports Xinhua news agency. After returning from meeting with the International Monetary Fund (IMF) and G20 counterparts in Washington D.C., the Treasurer said Australia would not escape the downturn. "The global econ...
Australia's economic outlook to be downgraded: Treasurer
Australia's economic outlook to be downgraded: Treasurer
Source: IANS
17/10/2022 12:44:36 PM
FM Nirmala Sitharaman flags downside risks to economy at IMF meet Union Finance Minister Nirmala Sitharaman shared concerns on key downside risks to the economy owing to slowdown in growth in major economies during a meeting at the International Monetary Fund (IMF) headquarters in Washington D.C. While addressing the Plenary Meeting of the International Monetary and Financial Committee, Sitharaman on Friday also raised the cross-border effects due to the ongoing geopolitical situation, rise in commodity prices and tighter financial conditions. She sta...
FM Nirmala Sitharaman flags downside risks to economy at IMF meet
FM Nirmala Sitharaman flags downside risks to economy at IMF meet
Source: IANS
15/10/2022 11:16:02 AM
Global economy faces confluence of challenges: Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman said that the global economy today faces a confluence of challenges and it is everybody's collective responsibility to prevent the risks from aggravating. While addressing the closing session of the G20 Finance Ministers and Central Banks Governors (G20FMCBG) meeting in Washington D.C., on Thursday, she said that India views the hosting of the G20 Presidency as an opportunity as well as a responsibility. "Rebuilding trust in multilatera...
Global economy faces confluence of challenges: Nirmala Sitharaman
Global economy faces confluence of challenges: Nirmala Sitharaman
Source: IANS
14/10/2022 9:54:28 AM
Oil edges up on weaker dollar, low U.S. diesel stocks Oil prices reversed earlier losses and inched up in Asian trade on Friday, supported by a weaker U.S. dollar and as diesel inventories fell, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production. Brent crude futures rose 29 cents, or 0.3%, to $94.86 per barrel by 0242 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 31 cents, or 0.35%, at $89.42 per barrel. Both contracts however were down for the week by about 3% after two prior...
Oil edges up on weaker dollar, low U.S. diesel stocks
Oil edges up on weaker dollar, low U.S. diesel stocks
Source: Reuters
14/10/2022 8:46:13 AM
India to prioritise strengthening of multilateral bodies during its G20 presidency Strengthening multilateral institutions will be a priority for India in the year-long presidency of the G20 group of the developed and developing nations that it assumes in coming December, Finance Minister Nirmala Sitharaman said at a US think tank on Tuesday. The minister, who is in Washington D.C. for the annual meetings of the World Bank Group, spoke on a wide-range of issues including India's growth, whose robustness was testified in an IMF report released earlier in the day, the ...
India to prioritise strengthening of multilateral bodies during its G20 presidency
India to prioritise strengthening of multilateral bodies during its G20 presidency
Source: IANS
12/10/2022 2:57:59 PM
FM Nirmala Sitharaman meets US Treasury Secy Janet Yellen, invites her to India  Union Finance Minister Nirmala Sitharaman met US Treasury Secretary Janet Yellen in Washington D.C., during which she invited the latter to visit India next month. During their meeting on Tuesday, Sitharaman and Yellen discussed current global macroeconomic situation among other issues of mutual interest, the Finance Ministry said in a tweet. "The two Ministers also discussed various issues of significance with a view towards India's upcoming G20 Presidency," it said...
FM Nirmala Sitharaman meets US Treasury Secy Janet Yellen, invites her to India
FM Nirmala Sitharaman meets US Treasury Secy Janet Yellen, invites her to India
Source: IANS
12/10/2022 10:19:58 AM
Hardeep Singh Puri to lead business delegation to US  India's Petroleum and Urban Development Minister Hardeep Puri will lead an official and business delegation to Washington DC and Houston between October 6 and 11. In Washington DC, Puri will co-chair the Ministerial dialogue of US-India Strategic Clean Energy Partnership (USISCEP) to be held October 7 with US Secretary of Energy Jennifer Granholm. The revamped USISCEP was launched in accordance with US India Climate and Clean Energy Agenda 2030 Partnership announced by Prime M...
Hardeep Singh Puri to lead business delegation to US
Hardeep Singh Puri to lead business delegation to US
Source: IANS
6/10/2022 9:17:52 AM
Apple iPhone exports from India top $1 billion in 5 months Apple Inc's iPhone exports from India crossed $1 billion in five months since April, Bloomberg News reported on Tuesday, reflecting the tech giant's growing bet on the South Asian nation amid New Delhi's push for local manufacturing. The outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to reach $2.5 billion in the 12 months through March 2023, almost double when compared to the year through March 2022, the report said, citing sources. A...
Apple iPhone exports from India top $1 billion in 5 months
Apple iPhone exports from India top $1 billion in 5 months
Source: Accord Fintech
4/10/2022 3:31:36 PM
FM Nirmala Sitharaman seeks enhanced lending from International Finance Corporation Finance Minister Nirmala Sitharaman on Monday underlined India's expectations of getting enhanced lending from the International Finance Corporation (IFC) to the tune of $2-2.5 billion in the next one to two years and up to $3-3.5 billion in the next three to four years. She raised these expectations during her meeting with IFC's Managing Director Makhtar Diop, who called on her. Diop discussed IFC's lending footprint in India, especially in the areas of micro small and medi...
FM Nirmala Sitharaman seeks enhanced lending from International Finance Corporation
FM Nirmala Sitharaman seeks enhanced lending from International Finance Corporation
Source: IANS
20/09/2022 9:40:59 AM
Dollar off 20-year peak as Fed headlines big central bank week  The dollar lingered near a two-decade top on major peers on Monday, ahead of a week loaded with market holidays and central bank decisions from Washington to London and Tokyo. The dollar index, which measures the currency against six counterparts, was 0.2% stronger than Friday at 109.84, consolidating after a volatile couple of weeks that took it as high as 110.79 on Sept. 7 for the first time since mid-2002. Investors have scrambled to price in higher U.S. interest rates and a st...
Dollar off 20-year peak as Fed headlines big central bank week
Dollar off 20-year peak as Fed headlines big central bank week
Source: IANS
19/09/2022 10:50:45 AM
Hyundai chief to drum up support for air mobility, robotics with Joe Biden Chung Eui-sun, the chief of South Korea's auto giant Hyundai Motor Group, was expected to ask for Washington's support for the group's push in burgeoning sectors that include urban air mobility (UAM) and robotics in a meeting with US President Joe Biden in Seoul this weekend. Biden arrived in South Korea on Friday for his first summit with President Yoon Suk-yeol on a range of issues, including North Korea's nuclear programme and supply chain risks. According to industry...
Hyundai chief to drum up support for air mobility, robotics with Joe Biden
Hyundai chief to drum up support for air mobility, robotics with Joe Biden
Source: IANS
20/05/2022 4:43:10 PM
Global equities break record as U.S. stocks waver after manufacturing data WASHINGTON - Global equities set both an intraday high and record close on Tuesday as markets as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation while Wall Street's main indexes wavered before ending little changed.   Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn   Energy shares were among the best performing during the session as the OPEC+ alliance agreed to hike output in July and gave a bullish forecast. U.S...
Global equities break record as U.S. stocks waver after manufacturing data
Global equities break record as U.S. stocks waver after manufacturing data
Source: Reuters
2/06/2021 8:35:56 AM
U.S. capital running out of gas, even as Colonial Pipeline recovers WASHINGTON  -Washington was running out of gasoline on Friday, even as the country's largest fuel pipeline network ramped up deliveries following a cyberattack and U.S. officials assured motorists that supplies would return to normal soon. The six-day Colonial Pipeline shutdown was the most disruptive cyberattack on record. Widespread panic buying continued two days after the pipeline network restarted, leaving filling stations across the U.S. Southeast out of gas. With more Am...
U.S. capital running out of gas, even as Colonial Pipeline recovers
U.S. capital running out of gas, even as Colonial Pipeline recovers
Source: Reuters
16/05/2021 9:13:35 AM
U.S. capital running out of gas, even as Colonial Pipeline recovers WASHINGTON - Washington was running out of gasoline on Friday, even as the country's largest fuel pipeline network ramped up deliveries following a cyberattack and U.S. officials assured motorists that supplies would return to normal soon. The six-day Colonial Pipeline shutdown was the most disruptive cyberattack on record. Widespread panic buying continued two days after the pipeline network restarted, leaving filling stations across the U.S. Southeast out of gas. With more Am...
U.S. capital running out of gas, even as Colonial Pipeline recovers
U.S. capital running out of gas, even as Colonial Pipeline recovers
Source: Reuters
15/05/2021 10:22:59 AM
South Korean battery makers agree last-minute deal in boost to Biden`s EV policy WASHINGTON - South Korean battery makers LG Chem and rival SK Innovation Co have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric vehicle plans of Ford Motor Co and Volkswagen AG, three sources briefed on the matter said. The Biden administration through the U.S. Trade Representative's Office (USTR) faced a Sunday night deadline on whether to take the rare step of reversing a U.S. International Trade Commission decision unless the compan...
South Korean battery makers agree last-minute deal in boost to Biden`s EV policy
South Korean battery makers agree last-minute deal in boost to Biden`s EV policy
Source: Reuters
11/04/2021 9:34:22 AM
U.S. SEC begins rollout of law aimed at delisting Chinese firms WASHINGTON/HONG KONG - The top U.S. securities regulator on Wednesday adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards, and require them to disclose any governmental affiliations. The Holding Foreign Companies Accountable Act, signed into law by then-President Donald Trump in December, is aimed at removing Chinese companies from U.S. exchanges if they fail to comply with American auditing standards for three ...
U.S. SEC begins rollout of law aimed at delisting Chinese firms
U.S. SEC begins rollout of law aimed at delisting Chinese firms
Source: Reuters
25/03/2021 10:19:15 AM
U.S. home sales tumble amid cold weather, tight supply WASHINGTON  - U.S. home sales dropped to a six-month low in February amid cold weather in many parts of the country and record low supply, and a rebound could be muted by rising mortgage rates as well as higher house prices. Still, the report from the National Association of Realtors on Monday showed robust demand, with houses only staying on the market for a record-low 20 days after being listed. "We think severe winter weather depressed sales in February," said Daniel S...
U.S. home sales tumble amid cold weather, tight supply
U.S. home sales tumble amid cold weather, tight supply
Source: Reuters
23/03/2021 9:49:17 AM
U.S. consumer prices rise; underlying inflation muted for now WASHINGTON- U.S. consumer prices increased solidly in February, with households paying more for gasoline, but underlying inflation remained tepid amid weak demand for services like airline travel and hotel accommodation. The mixed report from the Labor Department on Wednesday did not change expectations that inflation will push higher and exceed the Federal Reserve's 2% target, a flexible average, by April as declining COVID-19 infections and a faster pace of vaccinations allows the ec...
U.S. consumer prices rise; underlying inflation muted for now
U.S. consumer prices rise; underlying inflation muted for now
Source: Reuters
11/03/2021 9:56:17 AM
Fiscal stimulus fires up U.S. consumer spending; inflation benign WASHINGTON - U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19 infections dropped, positioning the economy for faster growth in the first quarter. Despite the strong rebound in consumer spending reported by the Commerce Department on Friday, price pressures were muted. Inflation is being closely watched amid concerns from some quarters that President Joe Biden's propos...
Fiscal stimulus fires up U.S. consumer spending; inflation benign
Fiscal stimulus fires up U.S. consumer spending; inflation benign
Source: Reuters
27/02/2021 9:41:32 AM
U.S. consumer confidence improves as COVID-19 cases fall; house prices accelerate WASHINGTON- U.S. consumer confidence increased in February, with households slightly more upbeat about the labor market amid declining new COVID-19 infections and expectations for additional money from the government to help the economy's recovery from the pandemic. The survey from the Conference Board on Tuesday also showed consumers warming up to overseas vacations, though fewer intended to purchase homes, automobiles and other big-ticket items over the next six months. Consumers ant...
U.S. consumer confidence improves as COVID-19 cases fall; house prices accelerate
U.S. consumer confidence improves as COVID-19 cases fall; house prices accelerate
Source: Reuters
24/02/2021 10:25:40 AM
Powell says economy still needs Fed support, pushes back on inflation worries WASHINGTON - Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds. "Monetary policy is accommodative and it continues to need to be accommodative ... Expect us to move carefully, patiently, and with a lot of advance warning," b...
Powell says economy still needs Fed support, pushes back on inflation worries
Powell says economy still needs Fed support, pushes back on inflation worries
Source: Reuters
24/02/2021 9:56:10 AM
Incoming WTO head warns 'vaccine nationalism' could slow pandemic recovery WASHINGTON  - The World Trade Organization's incoming chief on Monday warned against "vaccine nationalism' that would slow progress in ending the COVID-19 pandemic and could erode economic growth for all countries - rich and poor. Ngozi Okonjo-Iweala told Reuters her top priority was to ensure the WTO does more to address the pandemic, saying members should accelerate efforts to lift export restrictions slowing trade in needed medicines and supplies. The former Nigeria...
Incoming WTO head warns 'vaccine nationalism' could slow pandemic recovery
Incoming WTO head warns 'vaccine nationalism' could slow pandemic recovery
Source: Reuters
16/02/2021 9:03:45 AM