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Negotiations on India-UK free trade pact to restart next month: Piyush Goyal The government said on Tuesday that the negotiations on the proposed free trade agreement (FTA) between India and the UK are very much on track and are expected to restart next month. Union Commerce Minister Piyush Goyal, while speaking on the sidelines of a steel industry event, said that the India-UK FTA is a high-priority issue for both the nations and negotiations on it are expected to take place next month. Goyal said he is already in touch with his UK counterpart for the next roun...
Negotiations on India-UK free trade pact to restart next month: Piyush Goyal
Negotiations on India-UK free trade pact to restart next month: Piyush Goyal
Source: IANS
23/11/2022 9:23:12 AM
Crypto industry welcomes Rishi Sunak, a 'champion of fintech'  Indian-origin Rishi Sunak who is set to take charge as the British Prime Minister, shepherded the UK's new crypto ambitions during his tenure as Chancellor. Under former Prime Minister Boris Johnson, he wanted to turn the country into a crypto hub, reports CoinDesk. He helped formulate the Financial Services and Markets Bill, which, if passed into law, could give local regulators sweeping power over the crypto industry. It is likely to begin with bringing asset-driven crypt...
Crypto industry welcomes Rishi Sunak, a 'champion of fintech'
Crypto industry welcomes Rishi Sunak, a 'champion of fintech'
Source: IANS
25/10/2022 11:48:23 AM
Dollar fends off another suspected intervention from Japan Suspected Bank of Japan (BOJ) intervention gave only brief respite to the Japanese yen as the dollar stayed strong on Monday, while sterling wavered as former finance minister Rishi Sunak emerged as frontrunner to become Britain's prime minister. The yen hit a low of 149.70 per dollar in early deals before being swept to a high of 145.28 within minutes in a move that suggested the BOJ, acting for Japan's Ministry of Finance (MOF), had stepped in for a second successive day. The cur...
Dollar fends off another suspected intervention from Japan
Dollar fends off another suspected intervention from Japan
Source: Reuters
24/10/2022 9:47:26 AM
Dollar weathers suspected yen intervention, China data mixed  The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while most share markets rallied on just the hint of an eventual slowdown in U.S. rate hikes. The dollar started in a bullish mood with an early rush to 149.70 yen, before taking a sudden spill as far as 145.28 in a matter of minutes. Yet speculators seemed undaunted and took the dollar back up to 148.90 in choppy trading. The Financial Times reported the Bank of Japan m...
Dollar weathers suspected yen intervention, China data mixed
Dollar weathers suspected yen intervention, China data mixed
Source: Reuters
24/10/2022 9:26:21 AM
United Kingdom to get new Prime Minister today Boris Johnson's successor as the next UK Prime Minister will be revealed on Monday when either Liz Truss, the incumbent Foreign Secretary, or Rishi Sunak, the former Indian-origin Chancellor, will be named as leader of the ruling Conservative Party. The name will be announced at 12.30 p.m. (around 5 p.m. IST) and the winner of the leadership race will take office on Tuesday after being formally appointed by Queen Elizabeth II, reports the BBC. If Truss comes to power, she will be th...
United Kingdom to get new Prime Minister today
United Kingdom to get new Prime Minister today
Source: IANS
5/09/2022 9:48:55 AM
UK slips behind India to become world's 6th biggest economy Britain has dropped behind India to become the world's sixth largest economy, according to Bloomberg. India toppled the UK from its position in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in IMF's , and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund. This news comes as a further blow to the government in London as it grapples with a brutal cost-of-living shock, Bloomberg...
UK slips behind India to become world's 6th biggest economy
UK slips behind India to become world's 6th biggest economy
Source: IANS
3/09/2022 11:08:14 AM
Dollar pauses below two-decade peak as Fed path pondered; Aussie jumps The U.S. dollar hovered just above a one-week low on Tuesday as markets reduced the odds of a full percentage-point Federal Reserve rate hike this month. Australia's dollar climbed back toward Monday's one-week high amid a hawkish turn to comments from country's Reserve Bank. Bets for supersized Fed easing ramped up last week after data showed U.S. inflation, already at a four-decade high, continued to accelerate in June. But some Federal Reserve officials were quick to thro...
Dollar pauses below two-decade peak as Fed path pondered; Aussie jumps
Dollar pauses below two-decade peak as Fed path pondered; Aussie jumps
Source: Reuters
19/07/2022 8:45:44 AM
Stocks climb with Treasury yields, sterling rises U.S. equities rose with Treasury yields on Thursday as investors bet on economic light at the end of the Federal Reserve's rate hiking tunnel, while oil prices rose on supply concerns and sterling rallied as UK Prime Minister Boris Johnson resigned In foreign exchange markets, the euro edged closer to parity with the safe-haven dollar, which rose slightly against a basket of major currencies. [FRX/] Sterling jumped after Johnson resigned under pressure from his own political party f...
Stocks climb with Treasury yields, sterling rises
Stocks climb with Treasury yields, sterling rises
Source: Reuters
8/07/2022 8:51:42 AM
Dollar little changed as traders await key U.S. data  The dollar was little changed after the euro briefly slid to a new two-decade low on Thursday, and sterling held to gains after Boris Johnson said he was quitting as British prime minister. Investors await U.S. jobs data on Friday and the consumer price index next week, which should signal the pace of inflation and whether the Federal Reserve continues to aggressively hike interest rates when policymakers next meet on July 26-27. "What's being priced into the July Fed mee...
Dollar little changed as traders await key U.S. data
Dollar little changed as traders await key U.S. data
Source: Reuters
8/07/2022 8:34:17 AM
Asian stocks track Wall Street gains ahead of U.S. payroll data Asian shares tracked overnight Wall Street gains in early trading on Friday as fears of an economic slowdown cooled and sterling began to claw back recent losses following British Prime Minister Boris Johnson's decision to resign. Japan's Nikkei index was up 1.23% at 26,817.24 in morning trade, its highest mark since June 29th. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.8% to its highest level in a week, and South Korea's KOSPI index was up 1.18%...
Asian stocks track Wall Street gains ahead of U.S. payroll data
Asian stocks track Wall Street gains ahead of U.S. payroll data
Source: Reuters
8/07/2022 8:25:35 AM
Boris Johnson to quit as Conservative leader, but will remain Prime Minister Following a series of mass resignations by Cabinet members, Boris Johnson will resign as leader of the UK's Conservative Party on Thursday, but will continue as Prime Minister until later this year. Regarding the resignation, "the Prime Minister will make a statement to the country today", the BBC quoted a Downing Street spokesperson as saying. He had vowed to "keep going" following a wave of resignations from the government over his leadership but has now decide...
Boris Johnson to quit as Conservative leader, but will remain Prime Minister
Boris Johnson to quit as Conservative leader, but will remain Prime Minister
Source: IANS
7/07/2022 2:42:55 PM
India, UK need to work on data security, secure internet: Rajeev Chandrasekhar  India's Minister of State for Electronics and IT Rajeev Chandrasekhar, along with CEOs of some Indian startups and unicorns, met British Prime Minister Boris Johnson to discuss future collaborations and partnerships between India and the UK in the innovation and technology sector. Chandrasekhar also discussed achievements of 'Digital India' and sought future collaborations in the technology sector during the meeting that was held in the UK on Friday. "We want to t...
India, UK need to work on data security, secure internet: Rajeev Chandrasekhar
India, UK need to work on data security, secure internet: Rajeev Chandrasekhar
Source: IANS
2/07/2022 5:45:56 PM
FTA negotiations between India, UK result in draft treaty text advancing across majority of chapters The British government said that the free trade agreement (FTA) negotiations between India and the UK have resulted in the draft treaty text advancing across the majority of chapters at the end of the third round of talks. The Department for International Trade (DIT) issued a ‘joint outcome statement’ at the end of the latest round of technical talks between the negotiators on both sides. The experts held 60 separate sessions in-person and virtually to cover 23 policy areas, wi...
FTA negotiations between India, UK result in draft treaty text advancing across majority of chapters
FTA negotiations between India, UK result in draft treaty text advancing across majority of chapters
Source: Accord Fintech
12/05/2022 9:34:52 AM
We will effectively introduce FTA between India & UK: PM Narendra Modi Prime Minister Narendra Modi on Friday said that India and the UK are working on closing the negotiations for a free trade agreement by the end of the year, Addressing the joint media address after the bilateral talks with British Prime Minister Boris Johnson held at Hyderabad House, Modi said, "Recently we have concluded FTA talks with UAE and Australia. We wish to go for FTA with the UK with the same spirit and commitment. "Last year, we established the strategic partnership...
We will effectively introduce FTA between India & UK: PM Narendra Modi
We will effectively introduce FTA between India & UK: PM Narendra Modi
Source: IANS
22/04/2022 4:07:20 PM
Britain, India agree to expand defence, trade ties NEW DELHI - Britain and India signed a new defence cooperation agreement on Friday and will look to complete a free trade deal by the end of the year, their leaders said after a meeting in New Delhi. UK Prime Minister Boris Johnson said Britain will also help India build its own fighter jets.   (Reporting by Andrew MacAskill; editing by John Stonestreet)
Britain, India agree to expand defence, trade ties
Britain, India agree to expand defence, trade ties
Source: Reuters
22/04/2022 2:06:38 PM
An auspicious moment in friendship with India: UK PM Boris Johnson British Prime Minister Boris Johnson on Friday said this was an auspicious moment in friendship with India and between the two largest democracies. The UK Prime Minister was given a ceremonial reception and a Guard of Honour at Rashtrapati Bhawan where he was received by Prime Minister Narendra Modi. Talking to the media after the ceremonial welcome, Johnson said that relations with India were never so strong. He also thanked the Gujarat government and the people for putting up a gra...
An auspicious moment in friendship with India: UK PM Boris Johnson
An auspicious moment in friendship with India: UK PM Boris Johnson
Source: IANS
22/04/2022 11:50:19 AM
UK PM Boris Johnson to begin India's visit from Ahmedabad on April 21 The UK Prime Minister Boris Johnson will visit India this week to "deepen" the long-term partnership amidst the global economic challenges and "threats" from autocratic states. The visit will commence from Ahmedabad on April 21, wherein he will meet with leading businesses and discuss the UK and India's thriving commercial, trade and people links. This will be the first time that a UK Prime Minister would visit Gujarat, India's fifth largest state and the ancest...
UK PM Boris Johnson to begin India's visit from Ahmedabad on April 21
UK PM Boris Johnson to begin India's visit from Ahmedabad on April 21
Source: IANS
17/04/2022 1:44:52 PM
British PM Boris Johnson announces end of Covid restrictions despite criticism British Prime Minister Boris Johnson has announced the end of all domestic Covid-19 restrictions in England in a process starting later this week. The Prime Minister on Monday announced the lifting of all long-term coronavirus rules in Parliament as he unveiled the government's strategy for "living with Covid", Xinhua news agency reported. The legal requirement for people who test positive for coronavirus to self-isolate will be removed from Thursday of this week, Johnson ...
British PM Boris Johnson announces end of Covid restrictions despite criticism
British PM Boris Johnson announces end of Covid restrictions despite criticism
Source: IANS
22/02/2022 10:29:03 AM
Omicron infections in UK to touch 200,000 daily: Report The number of daily Omicron infections in the UK has been estimated as being at 200,000, according to the UK Health Security Agency. The estimates based on modelling come after UK Prime Minister Boris Johnson, in a televised statement on Sunday, warned that Britain faces a "tidal wave" of Omicron infections. Health secretary Sajid Javid has said that as he warned Omicron cases are going to "dramatically increase", the Independent reported. "It's vital we ...
Omicron infections in UK to touch 200,000 daily: Report
Omicron infections in UK to touch 200,000 daily: Report
Source: IANS
14/12/2021 5:16:55 PM
UK set to formally apply for trans-Pacific trade bloc membership LONDON  - Britain will next week formally apply to join a trans-Pacific trading bloc of 11 countries, with negotiations set to start later this year, the government said on Saturday. Since leaving the European Union, Britain has made clear its desire to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which removes most tariffs between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. "On...
UK set to formally apply for trans-Pacific trade bloc membership
UK set to formally apply for trans-Pacific trade bloc membership
Source: Reuters
31/01/2021 4:31:34 PM